Bitcoin News / Bitcoin.com - 1 year ago
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts.
Liquidators...
Cryptocoins News / The Cointelegraph - 2 years ago
On Wednesday, South Africa celebrated Freedom Day, which honors the country's first post-apartheid democratic election in 1994.Cointelegraph reached out to different notable individuals in the South African crypto community to see what the holiday me...
Cryptocoins News / The Cointelegraph - 2 years ago
Okay Bears, a Solana (SOL)-powered nonfungible token (NFT), managed to top OpenSea’s 24-hour sales tracker for the first time earlier on Thursday, beating out all other Ethereum (ETH) projects on offer. It’s the first time a Solana NFT project has re...
Bitcoin News / Bitcoin.com - 2 years ago
A South African university has said starting this year it will issue blockchain-based certificates to students graduating from the learning institution. University administrators argued that a blockchain-based certification system will help prevent f...
Bitcoin News / Bitcoin.com - 2 years ago
The head of the South African central bank has insisted that regulators and policymakers should be involved in directing any potential move to markets that are based on distributed ledger technology (DLT).
Pondering the Implications of Innovatio...
Bitcoin News / Bitcoin.com - 2 years ago
Brandon Topham, the head of enforcement at South Africa’s financial sector regulator, has insisted that his organization has not issued warnings to some global exchanges because they deal in crypto. Rather, the warnings have been made because...
Bitcoin News / Bitcoin.com - 2 years ago
South African cryptocurrency exchange Valr announced recently that it has raised $50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $240 million.
Funds Raised to Finance Valr’...
Bitcoin News / Bitcoin.com - 2 years ago
Mobile network operator MTN recently staked claim to its status as one of the first South African companies to enter the metaverse, after it purchased 144 plots of digital land in the virtual world Ubuntuland for an undisclosed amount.
MTN Seeks...
Cryptocoins News / The Cointelegraph - 2 years ago
South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange.With this latest round of funding, VALR’s valuation has increased to $240 million, a 10X in...
Bitcoin News / Bitcoin.com - 2 years ago
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022.
Aligning Local Laws W...
Bitcoin News / Bitcoin.com - 2 years ago
Crypto exchange Valr has announced it has closed its crypto arbitrage service to new customers in order to comply with the requirements of its banking partner. This announcement makes Valr the latest South African crypto exchange platform to close it...
Bitcoin News / Bitcoin.com - 2 years ago
The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD)...
Bitcoin News / Bitcoin.com - 2 years ago
The number of surveyed South Africans that own crypto grew marginally from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 countries whose internet users participated i...
Bitcoin News / Bitcoin.com - 2 years ago
Investors in Africrypt, the now-defunct South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims a...
Bitcoin News / Bitcoin.com - 2 years ago
About 8.3% of polled South African internet users own NFTs while a further 9.4% said they plan to acquire such tokens in the future, a study has found.
Twelfth-Highest NFT Adoption Rate
According to the findings of the latest Finder onlin...
Bitcoin News / Bitcoin.com - 2 years ago
A South African startup, NFTfi, is reported to have recently raised $5 million which the company intends to use for boosting its business of collateralizing non-fungible tokens (NFTs).
Cryptocurrency Loan Marketplace
According to a Techcrunch report,...
Bitcoin News / Bitcoin.com - 2 years ago
Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company.
Africrypt’s Intellectual Property
In addition to payi...
Bitcoin News / Bitcoin.com - 2 years ago
A group of South African cryptocurrency investors have voiced concerns about the fate of their investment in the Fight to Fame (F2F token) after they reportedly were unable to withdraw their funds as promised.
Token Sale Attracts Over 2,000 Applicant...
Bitcoin News / Bitcoin.com - 2 years ago
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline.
Cryptocurrencies a Grey Area
According to a report by B...
Bitcoin News / Bitcoin.com - 2 years ago
Sandile Shezi, the South African bitcoin trader accused of defrauding investors, recently made his first court appearance before a Johannesburg magistrate.
Shezi out on Bail
The bitcoin trader’s court appearance came just days afte...
Bitcoin News / Bitcoin.com - 2 years ago
One of South Africa’s biggest banks, Standard Bank, has reportedly sent account termination notices to clients that offer automated cryptocurrency arbitrage services.
Bank’s Criteria Questioned
This move, according to a Mybroadband rep...
Bitcoin News / Bitcoin.com - 2 years ago
Sandile Shezi, the young South African bitcoin trader who is facing fraud charges, has denied allegations he scammed shareholders in his Global Forex Institute.
Shezi: Shareholders Signed Up for Education, Not Investments
Despite his rejection of th...
Bitcoin News / Bitcoin.com - 2 years ago
A court-appointed liquidator, Dewald Breytenbach of National Liquidators, recently claimed that out of the 76 bitcoins that belonged to the now-defunct South African cryptocurrency exchange, Ice3, his firm can only account for 22.
Ice3’s Abrup...
Bitcoin News / Bitcoin.com - 2 years ago
A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans.
Productive Consultations
In a statement, the FSCA suggested that...