Watch: Crypto miners jet-wash graphics cards like cars before selling them online
A series of videos recently posted to Twitter claim to show Vietnamese crypto miners using pressure-washing hoses to clean Nvidia RTX graphics cards in their mining rigs.
Twitter user I_Leak_VN posted three clips...
Facebook and Instagram get NFT support
Facebook now supports non-fungible tokens (NFTs), meaning users can link their digital wallets to post collectibles on the platform.
The feature is also available on Instagram, and after users have connected their digital wallet to one of the apps...
A blockchain is usually distributed across many nodes in many countries. Crypto just moves from one address to another on it, and that change is replicated on all the nodes. Crypto is never sent from one country to another.
So how can SARB claim it can be sent offshore and that is illegal? It...
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...
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)
Nomad offering 10% of R3.16 billion stolen to white hat hacker
Cryptocurrency company Nomad is offering a bounty to recoup funds spirited away in a $190 million (R3.16 billion) hack that again highlighted security vulnerabilities in the digital-token sector.
Anyone returning at least 90% of...
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...
Crypto carnage
A massive sell-off in cryptocurrencies wiped over $200 billion of wealth from the market in just 24 hours, according to estimates from price-tracking website CoinMarketCap.
The broad plunge in the crypto complex, driven by the collapse of the TerraUSD stablecoin, hit major...
Tesla crypto tokens rise after record quarterly car deliveries
Tesla Inc. investors are signaling confidence that the automaker can power through disruptions such as the continued shutdown of its Shanghai factory due to Covid-19 lockdowns, at least based on crypto-token trading that suggests...
Ukrainian flees with Bitcoin life savings on a USB
A 20-year-old Ukrainian refugee has explained how cryptocurrency helped him flee his country and pay his living expenses as a refugee in neighbouring Poland.
CNBC reports that the refugee, who goes by the pseudonym “Fadey”, could get out of...
Which crypto exchange would you recommend? What are their fees? How secure and trustworthy are they? Do you suggest any international exchanges such as coinbase or eToro?
What to expect from cryptocurrency in 2022— including new regulations in South Africa
The cryptocurrency market had a turbulent year in 2021 and financial markets, in general, had a rough start in 2022, but exchange and wallet provider Luno believes the crypto market will keep its upward...
bitcoin
crypto assets regulatory working group (car-wg)
cryptocurrency
intergovernmental fintech working group (ifwg)
luno
marius reitz
revix
sean sanders
Bitcoin rocking the charts
Bitcoin rose above its 50-day moving average on Monday for the first time in more than two months.
The largest cryptocurrency rose as much as 3% to $42,956, compared with the 50-day technical mark which was around $42,810. It built on Friday’s rise — the biggest...
This country stole over R6 billion in crypto last year
North Korea’s hacker army launched at least seven attacks on cryptocurrency platforms in 2021 that menaced global players and netted the reclusive state almost $400 million (R6.2 billion) worth of digital assets, a report said.
The haul...
Bitcoin slumps amid fears of more taxes and regulation
Cryptocurrencies fell on Tuesday, with Bitcoin sliding toward the $60,000 level and Ether touching one of its lowest levels this month.
Bitcoin, the largest digital token, was down 4% at about $61,300 as of 12:32 p.m. in Singapore...
Bitcoin's biggest surge since July
Bitcoin jumped, rising in a matter of minutes to its biggest daily gain since July, and other digital currencies surged in a shock rally that followed the largest monthly decline since May.
The largest cryptocurrency by market value rose as much as 10% to...
Luno's secret Bitcoin withdrawal limits
Luno has confirmed that it will silently restrict the cryptocurrency withdrawal limits of clients based on their risk profile.
The cryptocurrency exchange and wallet provider has a set of published send limits on its website, but it also has a separate...
Reserve Bank explains why Bitcoin must be regulated
There is no choice but to regulate crypto-assets, South African Reserve Bank governor Lesetja Kganyago has said.
“We are going to have to regulate this because people go and invest in cryptos and when they lose money, they ask what...
I could have been a millionaire, but I lost 20 Bitcoin
A 24-year-old South African electronic engineer recounts the story of how he lost 20 bitcoin that he mined in 2010.
Forcing crypto into existing financial rules is a mistake
Forcing cryptocurrencies into existing regulatory frameworks will undermine its potential as a global asset class, the head of Hong Kong's Mandatory Provident Fund Schemes Authority, Alice Law Shing-mui, said.
Cryptocurrency poses a...
SARS tightening tax on Bitcoin
The South African Revenue Service (SARS) is tightening tax collection on cryptocurrency transactions, Joon Chong and Lumen Moolman from Webber Wentzel have warned.
According to Chong and Moolman, this makes it important to distinguish between events that will...