Bithumb accidentally gave away $44-billion worth of bitcoin to customers as promotional rewards.
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Stablecoins are reshaping global finance, but South Africa’s regulatory inaction risks leaving consumers and banks exposed.
Bitcoin made a 16-month low and tested key $60 000 support on Friday as a global selloff in technology stocks deepened.
Bitcoin slid towards $70 000 on Thursday as hawkish Fed fears and heavy ETF outflows deepened the latest crypto rout.
As stablecoin adoption rises, traditional financial institutions are rushing meet the needs of businesses and consumers.
A partnership between four financial institutions has led to the launch of an “institutional-grade” stablecoin pegged to the rand.
The countries that will benefit most from digital assets will be those that regulate them clearly, fairly and with confidence.
Africa Bitcoin Corporation is handing a 4% stake in the company to a newly appointed financial adviser.
Legislative changes and lower-cost infrastructure are driving the advance of cryptocurrencies into mainstream payments.
Visa is integrating stablecoins into its payments network, positioning itself as the bridge to global merchant acceptance.