bitcoin

  1. Hanno Labuschagne

    Crypto market sinks below $1 trillion as Bitcoin nears 2022 low

    Crypto market sinks below $1 trillion as Bitcoin nears 2022 low Bitcoin is flirting with a test of this year’s lows following a cryptocurrency selloff that again pushed the sector’s overall market value below $1 trillion. The largest digital token has shed more than 6% so far this week and was...
  3. Hanno Labuschagne

    Bitcoin hovers near 2017 high

    Bitcoin hovers near 2017 high Bitcoin trended downward through the weekend after a solid unemployment report offered mixed implications for the Federal Reserve as it contemplates its path on interest rates. The largest cryptocurrency spent time below $20,000 for a ninth consecutive day on...
  4. Jan

    POW vs POS income tax and VAT implications in South Africa

    Tax implications of crypto mining in South Africa The income tax and VAT consequences for crypto asset mining and staking will vary, depending on how participants earn rewards.
    • Jan
    • Thread
    • application-specific integrated circuits (asics) bitcoin bitcoin cash cardano cryptocurrency mining ethereum graphics processing unit (gpu) litecoin monero solana
    • Replies: 5
    • Forum: Cryptocurrency and Blockchain
  5. Jan

    Binance seeks South African bank partners

    World's biggest cryptocurrency exchange looking for South African bank partner Binance would love to work with local banks to open an account in South Africa, co-founder and CEO “CZ” Changpeng Zhao has told MyBroadband. Zhao was responding to questions about Binance delisting ZAR trading pairs...
    • Jan
    • Thread
    • binance bitcoin changpeng "cz" zhao cryptocurrency financial action task force (fatf) financial intelligence centre act (fica) financial surveillance department (finsurv) south african reserve bank (sarb)
    • Replies: 3
    • Forum: Broadband and IT News
  6. Hanno Labuschagne

    Bitcoin goes above $25,000 for first time since June

    Bitcoin goes above $25,000 for first time since June Bitcoin briefly surpassed $25,000 for the first time since mid-June, as momentum continued from a cooler-than-expected US inflation data and progress toward Ethereum’s big upgrade. The largest cryptocurrency rose as much as 2.2% on Sunday to...
  7. Hanno Labuschagne

    Speculation over the “flippening” rife amid big Ether surge

    Speculation over the “flippening” rife amid big Ether surge Bitcoin, the world’s biggest cryptocurrency, has always reigned supreme in the land of digital assets. But now, thanks to an eye-popping surge by Ether, fans of the No. 2 token by market value are reviving predictions that it is...
  8. Hanno Labuschagne

    Cryptocurrencies rally — with Ethereum at the front

    Cryptocurrencies rally — with Ethereum at the front Cryptocurrencies rallied for a second day, with Ethereum-related tokens leading gains, as risk aversion eases and optimism grows about the long-anticipated software upgrade of the blockchain network. Ether, the native token of Ethereum...
  9. Hanno Labuschagne

    Crypto exchange Kraken under investigation for alleged sanctions violations

    Crypto exchange Kraken under investigation for alleged sanctions violations Bitcoin sank to a more than one-week low, buffeted by investor skittishness ahead of a looming Federal Reserve interest-rate hike and amid harsher regulatory scrutiny of the cryptocurrency sector. The largest token...
  10. Jan

    Bitcoin sinks to one-week low amid bout of global market nerves

    Bitcoin sinks to one-week low Bitcoin sank to a one-week low on Tuesday, buffeted by nervousness ahead of a looming Federal Reserve interest-rate hike and amid harsher regulatory scrutiny of the cryptocurrency sector. The largest token dropped as much as 5.4% on Tuesday in Asia and was trading...
  11. Jan

    Pre-Fed jitters send Bitcoin back into sub-$22,000 trading range

    Bitcoin back below R400,000 before US interest rate announcement Bitcoin sank back into the doldrums of a one-month-old trading range between $19,000 and $22,000, part of a wider cryptocurrency selloff. The largest digital token fell as much as 4.3% on Monday and was exchanging hands at...
  12. Hanno Labuschagne

    Bitcoin closer to breakout amid cryptocurrency rally

    Bitcoin closer to breakout amid cryptocurrency rally A rally in cryptocurrencies Tuesday took Bitcoin closer to breaking out of a one-month-old trading range and ignited big jumps in smaller tokens commonly referred to as altcoins. The world’s largest virtual coin climbed as much as 6.8% to...
  13. Hanno Labuschagne

    Bitcoin after-hours trading strategy loses its appeal

    Bitcoin after-hours trading strategy loses its appeal Those who watch crypto charts closely might be familiar with the fact that a hypothetical strategy of buying Bitcoin at the close and selling it at the next open has historically netted big returns. Yet the past few weeks have seen it take...
  14. Hanno Labuschagne

    Bitcoin poised for biggest weekly gain in nine months

    Bitcoin poised for biggest weekly gain in nine months Bitcoin is on course for its best weekly gain since October last year, helped by a return of risk appetite in global markets more broadly. The largest cryptocurrency by market capitalization was up more than 13% for the week so far as of...
  15. Jan

    Maastricht University recovers 20% of Bitcoin ransom after 2 years - makes profit

    University recovers Bitcoin ransom — with a huge profit A university in the Netherlands made a considerable profit off a recovered Bitcoin ransom they paid to restore access to data compromised during a ransomware attack, German news broadcaster Deutsche Welle reports. The Maastricht...
  16. Jan

    Almost $4 billion in Bitcoin miner loans are coming under stress

    Bitcoin miner loans of R63 billion under stress The prolonged slump in Bitcoin is making it more difficult for some miners to repay the up to $4 billion (R63 billion) in loans they have backed by their equipment, posing a potential risk to major crypto lenders. A growing number of loans are...
  17. Jan

    Bitcoin's struggle to hold $20,000 keeps crypto market on edge

    Bitcoin on knife-edge Bitcoin struggled to hold above the closely-watched $20,000 level, extending a period of marked volatility that saw huge weekend swings. The largest cryptocurrency fell as much as 4.8% on Monday and was trading at $19,914 as of 7:32 a.m. in London. Ether at one point shed...
  18. Rual dV

    Coinbase lays off approximately 1,100 employees

    Coinbase fires 18% of workforce Coinbase Global Inc. announced Tuesday it will lay off 18% of its workforce in another sign of a worsening crypto downturn that’s shaved off trillions of the total cryptocurrency market value. The largest US digital-asset trading platform is following in the...
  19. Hanno Labuschagne

    Bitcoin spirals

    Bitcoin spirals Bitcoin delivered another white-knuckle ride Tuesday, dropping 10% before paring much of the slide as speculators struggled to price in the prospect of even bigger Federal Reserve interest-rate hikes to quell inflation. The world’s largest digital token more than halved a...
  20. Hanno Labuschagne

    Bitcoin's worst crash in a year and a half

    Bitcoin's worst crash in a year and a half Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday’s shock US inflation data continued to reverberate through global risk assets. The world’s largest digital token tumbled as much as 8.9% to $24,903.49 —...
  21. Hanno Labuschagne

    Bitcoin showing signs of recovery

    Bitcoin showing signs of recovery Bitcoin rose the most in two weeks, trading above $30,000 as investors and strategists said the digital currency is showing signs of bottoming out. The largest cryptocurrency was up 5.2% to $30,687 at 2:21 p.m. in New York, its biggest increase since May 15...
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