South Africa – Page 9

Small value crypto transfers in Africa have increased by 55%

Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year.

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South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex

South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC) and foreign currency investment pool. In a press statement, the U.S. Commodity […]

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South African Regulator Warns Against Using Mirror Trading International

Mirror Trading International is getting flak from regulators worldwide.

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South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations

Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging MTI members that the organization is […]

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How the US and Europe Are Regulating Crypto in 2020

Crypto regulation in 2020: The U.S. tightens regulation of crypto, while India has finally allowed banks to get involved with firms.

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South African Crypto Investment Company Issued Cease And Desist Order In Texas

The Texas State Securities Board (TSSB) issued a cease and desist order Wednesday against on Mirror Trading International (MTI), Forexandbitcoin.com and four individuals involved in a multi-level marketing scam. Out of the four individuals, Cornelius Johannes Steynberg is a resident of South Africa, while Micheal Aaron Cullison, Steve Herceg and Brian D Knott have US […]

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CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt

VaultAge Solutions CEO has been tracked down by South African authorities and angered investors.

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Crypto Use-Cases in Africa on the Rise, According to Luno

Twitter and Square CEO, Jack Dorsey recently said “Africa will define the future (especially the Bitcoin one!)” But was he right? Crypto in Africa on the Rise Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months […]