Tag: south africa

Jun 29 2021

Founder Behind Alleged $2.3 Billion Bitcoin Scam Pushes Against Victims’ Claims

Jun 29 2021 Published at Bitcoin Magazine under tags  africrypt business scams south africa

The founder of an investment platform accused of stealing $2.3 billion in bitcoin has resurfaced to push back on those claims.Following what victims allege to be one of the largest bitcoin scams of all time, with claims that more than $2.3 billion in bitcoin was stolen, one of the accused has resurfaced to profess innocence.Last week, news reports indicated that the...

Jun 28 2021

The Bumpy Road Before The Boom And Why Bitcoin Is About To Breakout

We take a look at various influences keeping the short term price down that also contribute to long term bullishness.Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.SummaryDespite briefly dipping below $30,000 earlier in the week, the last week has been relatively...

Jun 24 2021

Report: Founders Of South African Exchange Abscond With $2.3 Billion In Bitcoin

Jun 24 2021 Published at Bitcoin Magazine under tags  africrypt business scams south africa

Users of South African exchange Africrypt are missing $2.3 billion in bitcoin after the founders have disappeared.The founders of South African cryptocurrency exchange Africrypt, two brothers named Ameer and Raees Cajee, have reportedly vanished, as has more than $2.3 billion in bitcoin belonging to clients.“A Cape Town law firm hired by investors say they can’t locate the brothers and has reported...

Jun 23 2021

Jun 20 2021

$3.6 Billion Crypto Theft: South African Bank Denies Relationship With Fraud Accused Africrypt

Jun 20 2021 Published at Bitcoinist.com under tags  africrypt bitcoin crypto scam south africa

According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. Africrypt Stops Operations Abruptly Africrypt abruptly ceased operations nearly two months ago, prompting the banking institution's denial. The crypto investment firm's management claimed at the time that Africrypt's trading system had been hacked....

Jun 15 2021

African countries leads the pack in Bitcoin ‘peer-to-peer’ trading, data shows

Jun 15 2021 Published at CryptoSlate under tags  adoption africa bitcoin nigeria payments

Available data has shown that African countries are leading the pack when it comes to Bitcoin peer-to-peer (P2p) trading in recent times. According to UsefulTulips, the continent...

Apr 07 2021

South African Crypto Exchange iCE3 Enters Liquidation

The exchange found discrepancies in its Bitcoin and Litecoin balances.

Mar 16 2021

The Rising Popularity Of Bitcoin In South Africa

Mar 16 2021 Published at Bitcoin Magazine under tags  adoption africa culture south africa

A combination of factors makes South Africa a notable hotbed for Bitcoin adoption, even among a region that has embraced BTC.South Africa is, without doubt, one of the most advanced countries in Africa — if not the most advanced. The South African country has also become a popular hotbed for the digital currency market. In fact, it is considered by many to...

Feb 04 2021

South African FSCA Warns Against Growing Crypto Scams

The country recently witnesses a Bitcoin scam running away with $644 million.

South Africa’s Tax Agency Is Clamping Down on Crypto Users: Report

The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.

Jan 27 2021

South African Regulator Seeks More Crypto Powers After Alleged Ponzi’s Collapse

“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg.

South African Regulator Moves for Crypto Regulation

The regulator wants control over Bitcoin, Ethereum, XRP, and all other digital currencies.

Jan 15 2021

Liquidators of South African Bitcoin Trading Club Request Greater Probe Powers

Placed under provisional liquidation last month, Mirror Trading had claimed to be able to offer returns of 10% a month using bots to trade client's bitcoin.

Jan 01 2021

Nov 21 2020

Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

If implemented the declaration would require crypto firms in South Africa to register as a financial services provider.

Know a good blog/source that is not listed? Contact us or fill the form below to add one: