bitcoin

  1. Luis

    Binance pay gaining serious traction in South Africa

    Binance pay gaining serious traction in South Africa Crypto payment service Binance Pay is rapidly gaining traction in South Africa, allowing its users to integrate digital assets into everyday transactions. Binance told MyBroadband that South Africans have spent R29.8 million at Binance Pay...
  3. Hanno Labuschagne

    Dawie Roodt says government is losing control

    Dawie Roodt says government is losing control Renowned economist Dawie Roodt said that cryptocurrencies like Bitcoin are giving South Africans control over their money and eviscerate exchange controls. Roodt shared his views with Biznews about the National Treasury’s draft Capital Flow...
  4. Hanno Labuschagne

    Bitcoin's identity crisis

    Bitcoin's identity crisis It wouldn’t have seemed possible a year ago. But Bitcoin has gotten caught in one of its deepest struggles yet, with no obvious way out. The world’s largest cryptocurrency has plunged more than 40% from its peak, and the usual playbook isn’t working — dip buyers have...
  5. Hanno Labuschagne

    SARB concerned about crypto risks without further regulation

    SARB concerned about crypto risks without further regulation The South African Reserve Bank warned that a lack of comprehensive regulations for crypto assets and stablecoins has emerged as a new risk, posing a significant threat to the country’s financial sector. Cryptocurrencies, because of...
  6. Hanno Labuschagne

    Building a dirt-cheap Bitcoin miner that might hit the jackpot

    Building a dirt-cheap Bitcoin miner that might hit the jackpot For slightly more than the price of a full 10-board Lotto ticket, we built a tiny Bitcoin “lottery” miner, which is a computer that stands no real chance of mining any Bitcoin transactions, except through luck. The miner is based...
  7. Hanno Labuschagne

    Altcoins take a big hit in R6.6-trillion crypto crash

    Altcoins take a big hit in R6.6-trillion crypto crash The altcoin casino blew up in spectacular fashion last week — and it’s not clear the gamblers are coming back. The crash didn’t just hit Bitcoin. It vaporised entire ecosystems of speculative tokens that had promised generational wealth...
  8. Hanno Labuschagne

    Bitcoin closing in on record price

    Bitcoin closing in on record price Bitcoin approached its all-time high as a broader risk rally around the US government shutdown buoyed the world’s largest cryptocurrency. The token climbed above $123,000 for the first time since August, supported by the uptick in US equities and renewed...
  9. Hanno Labuschagne

    Tax consulting expert explains Sars regulations on crypto asset reporting

    Tax consulting expert explains Sars regulations on crypto asset reporting Senior manager for tax consulting at Forvis Mazars South Africa, Evádne Bronkhorst, says the taxman likely won't look for exact numbers surrounding crypto transactions when evaluating declarations. This comes after the...
  10. Hanno Labuschagne

    Ethereum rally best in four years

    Ethereum rally best in four years Ether led a broad cryptocurrency rally this week, heading for its strongest gains since 2021, bolstered by easing global trade tensions and optimism over a network upgrade. The second-largest digital token by market value jumped as much as 14% on Friday to...
  11. Hanno Labuschagne

    Bitcoin rout worsens

    Bitcoin rout worsens A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades. The original...
  12. Hanno Labuschagne

    South Africa's favourite crypto coins

    South Africa's favourite crypto coins Blockchain and web3 software company Consensys has released the results of its second annual Web3 and Crypto Perception Survey, revealing that most connected South Africans have bought cryptocurrencies. The survey further reveals that of the 97% of people...
  13. Hanno Labuschagne

    Bitcoin drops after hitting record

    Bitcoin drops after hitting record A Bitcoin slide from a record high earlier this week extended to more than 10% at one point, as reduced scope for looser US monetary policy crimped speculative zeal. The price of the original cryptocurrency dropped as low as $95,564 (R1.76 million) on...
  14. Hanno Labuschagne

    Danger of keeping your crypto on an exchange

    Danger of keeping your crypto on an exchange Every four years, Bitcoin and other cryptocurrencies go through a mania period that draws in millions of people around the world hoping to earn big returns on surging token prices. Like clockwork, a significant number of these new investors...
  15. Hanno Labuschagne

    Bitcoin price closes in on R2 million

    Bitcoin price closes in on R2 million Bitcoin took a breather after topping $108,000 (R1.95 million) for the first time as traders await an expected Federal Reserve interest-rate cut and assess a wave of optimism from President-elect Donald Trump’s support for crypto. The largest token touched...
  16. Hanno Labuschagne

    Bitcoin climbs to R1.9 million

    Bitcoin climbs to R1.9 million Bitcoin climbed to a record high, extending a rally sparked by President-elect Donald Trump’s support for digital assets and his plan to turn the US into the dominant force in the sector. The largest token rose more than 3% at one point on Monday in Asia to an...
  17. Hanno Labuschagne

    Bitcoin price cracks $100,000

    Bitcoin price cracks $100,000 On Wednesday night in New York, the dreams of crypto’s permabulls became reality: Bitcoin hit $100,000 (R1.82 million). A monthlong rally has seen the largest and oldest cryptocurrency alternately approach — and then repeatedly shy away from — that most...
  18. Hanno Labuschagne

    Nvidia sheds fifth of value in two weeks

    Nvidia sheds fifth of value in two weeks Nvidia Corp. wiped out about $406 billion (R7.25 trillion) in value this week, weighing on key equity benchmarks as jitters spread over the health of the US economy and an AI trade that may have gotten ahead of itself. The world’s largest artificial...
  19. S

    Anyway to buy cypto with PayPal?

    Does anyone know an exchange where you can buy crypto using your PayPal wallet? I've managed to buy some BTC from Paxful Marketplace, but the markup is absolutely insane. Some sellers want 20 - 30% mark up I know FNB allows for PayPal withdraws, and I've been using it for years, but the 3 - 4...
  20. Hanno Labuschagne

    One big thing that impacts crypto trading in South Africa

    One big thing that impacts crypto trading in South Africa Cryptocurrency trading activity in South Africa is heavily influenced by whether the price of Bitcoin is going up. This is according to three major local crypto exchange providers — VALR, Luno, and Altify.
  21. Hanno Labuschagne

    4th Bitcoin halving done

    4th Bitcoin halving done A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely. The once-every-four-years event cut in half the...
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