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South Africa

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Markets
Forex
Mirror Trading Clients Should Take Their Money and Run, South African Regulator Advises
FCSA said Mirror Trading's self-proclaimed 10% monthly returns "seems far-fetched and unrealistic" as it opened an investigation.
shutterstock_171556208
By Danny Nelson
Aug 19, 2020 at 9:30 p.m. UTC
Aug 19, 2020
ForexSouth AfricaTrading BotsCoinFlash
south-african-rands
Markets
South africa
BitMEX Owner Leads $3.4M Round for South African Crypto Exchange
BitMEX owner 100x said investing in VALR’s Series A would bring exposure to the fast-growing South African market.
south-african-rands
By Paddy Baker
Jul 21, 2020 at 10:17 a.m. UTC
Jul 21, 2020
South AfricaBitMEXCoinFlash
guateng-high-court-pretoria
Policy
Investment
Crypto Firm CEO Went Into Hiding After Claims 2,000 Investors Defrauded
The CEO of cryptocurrency investment firm VaultAge Solutions has forced into bankruptcy while on the run from angry investors.
guateng-high-court-pretoria
By Sebastian Sinclair
Jul 6, 2020 at 8:21 a.m. UTC
Jul 6, 2020
investmentFraudSouth Africa
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Markets
Documentaries
This Bitcoin Documentary From Africa Is Streaming on Amazon Prime
A new documentary – “Banking on Africa: The Bitcoin Revolution” – explores the role of cryptocurrencies in African economies.
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By Leigh Cuen
May 20, 2020 at 7:00 a.m. UTC
May 20, 2020
DocumentariesAfricaSouth AfricaBitcoinNigeriaLuno
capetown
Policy
South africa
South Africa Proposes Strict Crypto Regulatory Framework
South Africa’s financial regulators recommended that cryptocurrency be used for domestic payment purposes, but that it not be treated as legal tender or allowed as a settlemen...
capetown
By Danny Nelson
Apr 17, 2020 at 6:30 a.m. UTC
Apr 17, 2020
South Africaregulations
bafin-germany
Markets
Germany
German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations
Two more governments have taken action against entities in the Karatbars ecosystem over sales of a purportedly gold-backed cryptocurrency.
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By William Foxley
Nov 15, 2019 at 9:56 p.m. UTC
Nov 15, 2019
GermanySouth AfricaRegulationNewsBaFin
south-africa
Markets
South africa
Crypto Ponzi Scheme Says It Has 'No Cash to Pay out' to Upset Investors
Hundreds of locals who used to eagerly gather outside the Bitcoin Wallet office in Ladysmith, South Africa are now mobbing the office to demand their money back.
south-africa
By Daniel Kuhn
Jul 8, 2019 at 5:30 p.m. UTC
Jul 8, 2019
South AfricaPonziNewsCrypto Fraud
south-africa
Markets
Insurance
Pan-African Insurer Old Mutual Will Not Insure Mining Rigs
South African insurance company Old Mutual has refused to insure mining rigs in Africa, making it harder to protect cryptocurrency gear there.
south-africa
By Daniel Kuhn
Jun 11, 2019 at 9:30 p.m. UTC
Jun 11, 2019
InsuranceSouth AfricaNews
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Markets
Exchanges
Huobi Cloud Aims for 80 More Exchange Partners in Bid for Revenue Growth
The Huobi Cloud network of crypto exchanges wants to facilitate $55 million in daily volume by 2020.
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By Leigh Cuen
Apr 29, 2019 at 5:01 p.m. UTC
Apr 29, 2019
ExchangesHuobiAfricaSouth AfricaRegulationNigeriacrypto exchange
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Markets
Exchanges
Bittrex Leads $1.5 Million Round for South African Crypto Exchange VALR
South Africa's VALR exchange is launching March 1, expanding bitcoin access across the continent.
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By Leigh Cuen
Feb 28, 2019 at 9:30 p.m. UTC
Feb 28, 2019
ExchangesStartupsSouth AfricaBitcoinBittrexcrypto exchangeUse Cases & VerticalsBusiness News