Tag: South Africa

  • south africa

    South Africa’s Central Bank Debuts Interbank Settlement System on JPMorgan’s Quorum

    The South African Reserve Bank (SARB) has released its report on Project Khokha, a Proof-of-Concept designed to simulate a real-world trial of a distributed ledger technology (DLT)-based wholesale payment and settlement system. Project Khokha: South Africa’s Blockchain-Based Settlement System The Proof-of-Concept (PoC) is for interbank transfers using Quorum,...

    Thomas Delahunty | June 8, 2018 | 7:30 am
  • Sygnia

    Sygnia Plans to Open Cryptocurrency Exchange Later This Year in South Africa

    Cape Town-based asset management firm Sygnia Ltd. has plans to open a cryptocurrency exchange in Q3 in response to growing interest in cryptocurrencies from investors across the country. SygniaCoin & Sygnia Cryptocurrency Fund The exchange will be called SygniaCoin, and will ‘offer investors a secure trading and execution...

    Thomas Delahunty | May 26, 2018 | 10:36 pm
  • South African

    South African Police Investigate $80 Million Bitcoin Ponzi Scheme

    The South African Police said today it has launched an investigation into an alleged fraud that has claimed more than one billion Rand ($80 million) in bitcoin from 30,000 investors. Funds manager of BTC Global, Steven Twain, disappeared on February 18 leaving admin staff and clients at a...

    tim copeland | May 25, 2018 | 8:00 pm
  • Kidnapping

    South Africa: Three Suspects in Custody Over Bitcoin Ransom Kidnapping

    Three suspects have been taken into custody by local law enforcement in South Africa following the kidnapping of a 12-year-old boy named Katlego Marite. It’s believed to be the first example of such a crime in South Africa involving a ransom demand being requested in Bitcoin. Kidnappers Demand...

    Rick D. | May 23, 2018 | 7:00 pm
  • south africa

    South Africa Orders Taxpayers to Declare Cryptocurrency Gains

    The South African Revenue Service (SARS), the revenue service of the South African government, is ordering taxpayers to declare cryptocurrency gains and losses or risk facing penalties, regardless of how unclear the tax rules are at the moment. South Africa’s Tax Agency to Apply Penalties on Those Who Fail...

    Ricardo Esteves | April 9, 2018 | 9:07 pm
  • africa

    Crypto Surging in Africa as Alternatives to Traditional Banking

    Africa is rarely considered to be one of the larger markets for cryptocurrencies, but with the right factors in place — such as an increasingly tech-savvy populous and inflation triggered by central banks — that might be set to change. Case in point: The surge in popularity of...

    Thomas Delahunty | February 18, 2018 | 11:30 pm
  • shutterstock

    Bitcoin Not Reduce Popularity Gold in South Africa Anytime Soon

    Many enthusiasts feel Bitcoin will become more popular than gold at some point. It is true the price per BTC has surpassed the value of one ounce of gold. However, that will not impact the popularity of gold by any means. Over in South Africa, gold still remains...

    JP Buntinx | May 3, 2017 | 5:30 pm
  • Innovate Finance and BritishAmerican Business sign strategic partnership to champion transatlantic FinTech growth. newsbtc bitcoin news

    South Africa to Establish a Strong Foothold in Fintech Sector

    The next fintech and blockchain revolution is waiting to happen in South Africa. The country is already home for some of the most innovative startups, and with the new fintech wave catching up, more startups are expected to raise their heads by the end of this year. According...

    Gautham | February 5, 2017 | 9:30 pm

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