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Today’s Bitcoin in Brief features several examples of digital coins entering all spheres of life. A leading German auto manufacturer has revealed its cars may soon be fitted with onboard cryptocurrency wallets. A company now offers crypto payments for inmates in prisons across America. And in South Africa, a new token will support rhino conservationists, … Read more
South Africa’s Central Bank has successfully implemented a Proof-of-Concept for an interbank payment system that tokenizes fiat using an Ethereum-based blockchain Go to Source Powered by WPeMatico
Crypto exchange Golix is entering three other African markets in an effort to survive the ban imposed by the central bank in its home country – Zimbabwe. Moreover, the troubled trading platform claims the move is part of a strategy to offer its services across the whole continent. Golix says the shortage of infrastructure has … Read more
A major South African investment firm with 180 billion rand ($14.5 bln) under management will launch a cryptocurrency exchange later this year Go to Source Powered by WPeMatico
Johannesburg-based investment management company, Sygnia Ltd., has announced its intention to launch a cryptocurrency exchange, Sygniacoin – which is expected to launch in the third quarter of 2018. Also Read: BTCC to Launch New Exchange Platform in June South African Wealth Management Firm to Launch Cryptocurrency Exchange Next Quarter South African investment management firm, Sygnia, has … Read more
South African Police are investigating an alleged crypto investment fraud in which 28,000 investors are said to have lost over $80 mln Go to Source Powered by WPeMatico
Cryptocurrencies don’t meet the requirements of money, according to the South African Reserve Bank which has decided to call them by a different name. It’s one that does not imply either currency or cryptography. “We prefer to use the word ‘cyber-token’,” said a high-ranking official of the central bank in Pretoria, adding another entry into … Read more
Bitcoin and other cryptocurrencies have always been appealing to criminals. Whereas most of the illegal activity takes place online, that is not always the case. In South Africa, a kidnapping of a 12-year-old child is making headlines. This is mainly because the kidnappers have demanded a 15 Bitcoin ransom prior to releasing the child. Another … Read more
The central bank of South Africa will classify digital currencies “cyber-tokens,” claiming they don’t fit the definition of money Go to Source Powered by WPeMatico
The abductors of a 13-year-old boy in South Africa have demanded a “non-negotiable” ransom of 15 BTC ($120,000) for his release Go to Source Powered by WPeMatico
