cryptocurrency

  1. Hanno Labuschagne

    Bitcoin drops below $30,000 for first time in a month

    Bitcoin drops below $30,000 for first time in a month A selloff in Bitcoin accelerated Tuesday, pushing it below $30,000 for the first time in about a month. The world’s largest digital coin fell as much as 4.1% and was trading at about $29,600 as of 12:55 p.m. in Tokyo. Other virtual...
  3. Hanno Labuschagne

    Big revelations in Bitcoin Brothers saga

    Big revelations in Bitcoin Brothers saga Raees and Ameer Cajee, the brothers who founded of cryptocurrency investment scheme Africrypt, bought citizenship from the Pacific island nation of Vanuatu, an investigation by The Guardian has revealed. According to the report, the Cajee brothers are...
  4. dawidmsnyders

    5 important things happening in tech today — 9 July 2021

    5 important things happening in tech today Graphics cards going up for sale in China after the mining crackdown. Google accused of buying off Samsung, allowing itself a monopoly over the Play Store. REvil’s supply-chain ransomware attack via Kaseya’s VSP did not target victims’ backups...
  5. Jan

    Cryptocurrency crackdown in South Africa - everything SARB, FinSurv, and IFWG said so far

    Bitcoin crackdown in South Africa — what you should know The Intergovernmental Fintech Working Group (IFWG) published its position paper on crypto assets earlier this month, promising to bring cryptocurrencies into the South African regulatory purview in a phased and structured manner...
    • Jan
    • Thread
    • crypto assets regulatory working group (car-wg) crypto-assets cryptocurrency intergovernmental fintech working group (ifwg) south african reserve bank (sarb)
    • Replies: 34
    • Forum: Cryptocurrency and Blockchain
  6. Jan

    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    Moving Bitcoin overseas from your wallet in South Africa a crime — Reserve Bank Transferring Bitcoin from anywhere in South Africa, even your own wallet, to an offshore exchange or other crypto asset service provider is a crime. This was the South African Reserve Bank (SARB) clarification to...
    • Jan
    • Thread
    • bitcoin cryptocurrency financial surveillance department (finsurv) south african reserve bank (sarb)
    • Replies: 324
    • Forum: Cryptocurrency and Blockchain
  7. dawidmsnyders

    Bitmain halts mining-rig production to control market supply

    Bitmain halts mining-rig production to control market supply Bitmain Technologies Ltd. has suspended sales of machines for spot delivery globally, aiming to prop up local prices after crypto miners fleeing Beijing’s crackdown dumped used mining rigs on the market. The world’s biggest maker of...
  8. Jan

    Buying Bitcoin with your credit card from international exchanges blocked in South Africa

    Banks block buying Bitcoin from overseas in South Africa South African banks are being required to block clients from buying cryptocurrencies on international exchanges with their credit cards, MyBroadband has learned. This comes after Absa clients reported no longer being able to use their...
  9. tatecrypto

    My Crypto Daytrading Journey with $1.3 Initial Capital--All the Nitty-Gritty

    I`m a 34 year old Crypto Day Trader.Two days ago on Tuesday i decided to start a challenge --Grow $1.3 to $100 in less than 14 Days.Is it possible? i will post all my trades here, all the profit and losses-all the Nitty-Gritty im not gonna sugarcoat or hide anything. For my normal futures...
  10. Hanno Labuschagne

    Luno adds 1 million more wallets in 3 months

    Luno adds 1 million more wallets in 3 months Cryptocurrency company Luno added one million more users to its trading platform over the last three months, bringing its total customer base to 8 million. In South Africa, which accounts for 30% of the platform's users, 300,000 new wallets were...
  11. Hanno Labuschagne

    Cryptocurrencies must be regulated in South Africa - National Treasury

    Cryptocurrencies must be regulated in South Africa - National Treasury National Treasury has told Parliament that South Africa’s only option was to regulate activities related to crypto assets like Bitcoin. It said that the country can’t simply leave the crypto asset market unregulated, and it...
  12. Hanno Labuschagne

    Bitcoin is now legal tender in this country

    Bitcoin is now legal tender in this country El Salvador’s President Nayib Bukele said the nation has adopted Bitcoin as legal tender, a step he believes will create jobs and promote financial inclusion. Bukele, Latin America’s youngest president who’s known to break from the norms, said on...
  13. dawidmsnyders

    How this week's crypto crash bears a striking similarity to the one in 2017

    How this week's crypto crash bears a striking similarity to the one in 2017. Bitcoin, Ethereum, and other cryptocurrencies have obviously had a horrible week. And while it’s foolish to try predicting where things go next, there are two big similarities between this move and the one we saw at...
  14. Hanno Labuschagne

    What you should know about paying tax on cryptocurrency trading in South Africa

    What you should know about paying tax on cryptocurrency trading in South Africa If you are doing anything with cryptocurrency other than buying and holding it, there are tax implications in South Africa, tax consultant André Bothma has warned. Bothma, who also serves as tax content creator at...
  15. Hanno Labuschagne

    Elon Musk says Tesla sold some Bitcoin to prove its liquidity

    Elon Musk says Tesla sold some Bitcoin to prove its liquidity Elon Musk said Tesla Inc. sold 10% of its Bitcoin holdings to demonstrate the token’s liquidity, while adding that he’s retained his personal investment in the cryptocurrency. Tesla’s earnings report showed the firm -- which bought...
  16. F

    Hardware wallet ... best one and how to get it in South Africa?

    In a couple of forums I read that you must always get your hardware wallet directly from the supplier. I see that Takealot sells the Trezor and the Ledger wallet. Can takealot be trusted? If not, where should I order one from so that someone at the post office does not steal it. Finally...
  17. Hanno Labuschagne

    One of SA's oldest crypto exchanges is shutting down

    One of SA's oldest crypto exchanges is shutting down ICE3x, a South African cryptocurrency exchange that has operated since 2013, has announced that it is liquidating the business. ICE3x was one of South Africa's oldest cryptocurrency exchanges and was the first to offer an Ethereum-Rand...
  18. Hanno Labuschagne

    This is how businesses in South Africa are using Bitcoin to evade tax

    This is how businesses in South Africa are using Bitcoin to evade tax Many South African businesses are evading tax by converting their profits into Bitcoin and transferring it unnoticed out of the country. This is feedback from a well-placed South African businessman who said there are...
  19. Hanno Labuschagne

    NFT craze creating overnight millionaires

    NFT craze creating overnight millionaires Non-fungible tokens (NFTs) are the latest craze to sweep the cryptocurrency world with artists and celebrities raking in millions of dollars worth of ether (Ξ, or ETH), the native fungible token of the Ethereum blockchain. "Fungibility" refers to the...
  20. Hanno Labuschagne

    Luno now allows users to earn interest on cryptocurrency

    Luno now allows users to earn interest on cryptocurrency Cryptocurrency exchange Luno has announced that its customers can now earn interest on Bitcoin, Ethereum, and USDC. These currencies have been added to the platform’s savings wallet, which means that the company’s seven million customers...
  21. Hanno Labuschagne

    Doubt over Bitcoin's long term value due to environmental concerns and tighter regulations

    Doubt over Bitcoin's long term value due to environmental concerns and tighter regulations Bitcoin is nursing losses after its worst weekly plunge in almost a year and on one view its longer term outlook could be even worse because of environmental concerns and tightening regulations. The...
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