cryptocurrency

  1. Jan

    Video: Crypto miners hose down graphics cards

    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...
  2. Jan

    Meta Platforms adds NFT support to Facebook and Instagram

    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...
  3. T

    How can transferring crypto "offshore" be a crime if crypto cannot leave a country?

    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...
  4. 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...
  5. Hanno Labuschagne

    Nomad offering 10% of R3.16 billion stolen to white hat hacker

    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...
  6. 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...
  7. Jan

    More than $200 billion wiped off cryptocurrency market in a day

    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...
  8. Hanno Labuschagne

    Tesla crypto tokens rise after record quarterly car deliveries

    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...
  9. Jan

    Bitcoin helped Ukrainian flee to Poland with life savings on USB drive

    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...
  10. D

    Best Crypto Exchanges currently?

    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?
  11. Jan

    Luno and Revix on what to expect from the cryptocurrency sector in South Africa in 2022

    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...
  12. Jan

    Bitcoin touches $43,000

    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...
  13. Hanno Labuschagne

    This country stole over R6 billion in crypto last year

    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...
  14. Hanno Labuschagne

    Bitcoin slumps amid fears of more taxes and regulation

    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...
  15. Hanno Labuschagne

    Bitcoin's biggest surge since July

    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...
  16. Jan

    Luno will restrict your withdrawal limits based on your risk profile

    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...
  17. Hanno Labuschagne

    Reserve Bank explains why Bitcoin must be regulated

    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...
  18. Jan

    Early Bitcoin miner in South Africa lost the key to his wallet with 20 bitcoin

    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.
  19. Hanno Labuschagne

    Forcing crypto into existing financial rules is a mistake

    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...
  20. Jan

    All the ways SARS can tax your crypto gains - Webber Wentzel

    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...
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