Category: South Africa

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Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk

As India’s Supreme Court inches closer to giving its final verdict on RBI’s crypto ban, experts believe the judgment will favor crypto. Following the session that took place last August, a three-judge panel from India’s Supreme Court reconvened once again this week to discuss the much-hyped Crypto v. RBI case. During the last hearing, the…
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Unpacking the Potential of Blockchain and Infrastructure in Africa

Africa is the fastest-growing mobile market and it could possibly make this continent the world’s biggest payment systems based on blockchain tech and unbanked industry. The vast swathes of Africa’s fertile lands may ultimately prove a central arena for the ground-up development of innovative digital infrastructure and green energy projects. Recent pivotal moments in African…
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Whenever Bitcoin Prices Go Up or Down, Google Searches Soar

Data clearly suggests a link between Bitcoin’s price volatility and global Google searches for the top crypto. Last month, the value of Bitcoin (BTC) nosedived to around the $6,500 mark after having stayed above the $8,000 threshold for a considerable period before that. This downturn showcased Bitcoin’s worst market performance over the past seven months…
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South African Central Bank to Reportedly Introduce New Crypto Regulations

The South African Reserve Bank is reportedly going to impose new regulations for the use of digital currencies in a bid to deter crypto users from evading currency controls. The South African Reserve Bank (SARB) — the country’s central bank — is purportedly going to impose new regulations for the use of digital currencies in…
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South Africa: Bank Drops Bitcoin Exchanges Citing ‘Regulatory Clarity’

FirstRand Bank has said it will no longer serve exchanges after March 2020, while at least one of those affected says it already has alternative arrangements in place. Bitcoin (BTC) exchanges in South Africa will lose their banking support after a local bank confirmed it was closing their accounts. As local internet magazine My Broadband…
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Johannesburg Authorities Refuse to Pay Hackers’ Bitcoin Ransom

Authorities in Johannesburg are holding firm in their refusal to pay a ransom of 4 Bitcoin to hackers who targeted municipal systems last week. Authorities in Johannesburg are holding firm in their refusal to pay a ransom of 4 Bitcoin to hackers who targeted municipal systems last week. In a statement posted to its official…
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Hackers Breach Johannesburg’s Civil Website Demanding BTC Ransom

Hackers have compromised the website of the city of Johannesburg, South Africa, and demanded ransom in Bitcoin. Hackers have compromised the website of the city of Johannesburg, South Africa, and demanded ransom in Bitcoins (BTC). The city announced the hack on its official Twitter account on Oct. 25. The city wrote that it had “detected…
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