South Africa

2019 Google and Yahoo Searches for Bitcoin Decline Significantly

2019 was an interesting year for cryptocurrencies. Some would say it wasn’t as bad as the crypto winter in 2018 and others would note it wasn’t as great as bull run 2017. One thing’s for sure, ever since the all-time price highs, interest in cryptocurrencies has been waning. According to data from Google Trends and...
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South Africa Central Bank Set to Create Clear Cut Crypto Regulations

The South African Reserve Bank (SARB), the country’s apex bank, is reportedly planning to enact policies aimed at restricted local crypto usage. Such a move would signal the first concrete step towards policing the South African virtual currency scene which has so far seen little in the way of crypto regulations. While some commentators say...
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South Africa’s Central Bank Addresses Illicit Money Transfers in Bitcoin

Governments around the globe are trying to regulate cryptocurrencies to the best of their abilities. Particularly where criminal use cases of Bitcoin are concerned, some new rules need to be introduced. The South African central bank is currently working on a way to prevent the evasion of currency controls. Another Central Bank Focusing on Bitcoin...
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South African Central Bank Rolls Out New Rules for Digital Assets

The South African Reserve Bank (SARB) is planning on new rules for the usage of digital assets, in a bid to stop illegal fund transfers. New Rules for Crypto Usage May Attempt to Limit Transfers According to local news reports, cited by BusinessReport, the new rules will be applied by the end of the first...
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Johannesburg City Still Under Lock Down Due To Bitcoin Ransom

A United States court recently ordered a guilty plea to Christopher Bania, who is charged for drug distributiion, to give up almost 17 Bitcoin (BTC) which are now worth less than $150,000 (at press time). The US Court fines the dark web drug dealer in a case of money laundering, importation of controlled substances and...
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Why African Countries Lead in Bitcoin Searches and What It Means for Adoption

If you’ve been in the Bitcoin space for long enough, you’ve probably heard that Africa will be the next frontier for adoption.  This assumption may be proving to be a reality after Binance research reported a surge in Google search heat rankings for “Bitcoin” in Nigeria and South Africa. According to Google Trends, Nigeria had...
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XRP, not Bitcoin, is better suited for retail needs: Xago’s Jurgen Kuhnel

Xago, a Cape Town-based Fintech firm, recently announced its custom-built crypto-exchange and ‘XRP Gateway’ based on the Ripple Ledger. The aim of the exchange is to build a new retail payment network using blockchain technology, one which would enable retailers to settle their payments faster and more efficiently using their existing hardware. The firm is...
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Hackers Breached Johannesburg’s Network In BTC Ransomware Attack

The latest crypto news show that the United States Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against the Nevada-based Circle Society. On October 16, the CFTC files a lawsuit showing that it is charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations...
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Johannesburg Shuts Down Computers City-Wide After Bitcoin Ransomware Attack

Hackers have breached the computer network of South Africa’s commercial capital Johannesburg in an attempt to ransom the city for Bitcoin. Consequently, the city has shut down its website and suspended all e-services as a ‘precautionary measure’. At the time of writing the city’s website was still inaccessible. The city of Johannesburg’s official web portal...
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4 Reasons Why Bitcoin is So Popular in South Africa

Bitcoin and cryptocurrencies, in general, continue to thrive in South Africa even as such interest comes with a multitude of scams and fraudulent investment schemes. The country even ranks second in the world for bitcoin searches according to Google Trends. Here are four reasons for the continued interest in bitcoin among South Africans. (1) Internal...
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International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH, but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds...
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Bitcoin in Africa: Offering ‘New and Better Ways of Exchanging Value’

With each passing day, more and more Africans are discovering cryptocurrencies. As a result, bitcoin and other cryptocurrencies are finding real use cases in African countries. African countries, such as Nigeria, have been reported to have among the highest search rates for the keyword “Bitcoin.” A significant reason behind this increasing interest in cryptocurrency is...
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