The head of the World Bank has compared cryptocurrencies to “Ponzi schemes”, the latest financial voice to raise questions about the legitimacy of digital currencies such as bitcoin. “In terms of using bitcoin or some of the
Author: Agency Staff
Slow clap for Snapchat, which managed not to fall on its face during a quarterly earnings report for the first time in its history. Parent company Snap reported this week that its advertising revenue increased more than Wall Street
MTN Group plans to raise about $500m from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a record
An elated Elon Musk pulled off another seemingly impossible feat on Tuesday when SpaceX launched the world’s most powerful rocket in 45 years, then flew two of its spent boosters back to the Florida coast
Microsoft, Google and Apple have thrown their support behind proposals in the US congress to deal with cross-border data requests from law enforcement – even as the issue heads for review before the supreme court
President Jacob Zuma appeared a step closer to resigning after the ANC delayed an emergency meeting to discuss whether to force him from office. The decision by the national executive committee, the ANC’s top
The maiden flight of SpaceX’s larger and more powerful Falcon Heavy rocket will be a success if it doesn’t blow up on the launch pad, according to CEO Elon Musk. “This is a test mission, so we don’t want to set expectations of
Cryptocurrencies continued their 2018 swoon as worries over escalating government scrutiny combined with a broader flight from riskier assets to send bitcoin to its lowest level since November. The biggest virtual currency sank as much as 16% to
Bitcoin declined for a fifth day, breaking below $7 000 for the first time since November and leading other digital tokens lower, as Lloyds Banking Group joined a growing number of big credit card issuers halting purchases
Naspers is asking Investec to withdraw an analyst report that it says contains errors and has damaged Africa’s biggest company by market value and its shareholders. In a 22 January report, Investec analysts said the Cape Town-based