If 2022 was the year that “broke bitcoin”, 2023 has been the year of trauma recovery.
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Most companies that have applied for crypto licences in South Africa are already registered as financial service providers.
The bull case preached by the laser-eyed crowd is, as before, driven by sentiment and speculation rather than utility.
Bitcoin’s longest winning run since May lifted the token past $44 000.
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Bitcoin has jumped more than 140% this year, and optimism for further gains is high.
Bitcoin’s chances of hitting $40 000 are top of mind for crypto speculators.
Revix founder and now Altify CEO Sean Sanders tells the TechCentral Show about the creation of the new company.
Cryptocurrency platforms Revix and BitFund are joining forces and, together with Coinpanion, have formed Altify.
Nearly 10% of South Africa’s population owns crypto assets, with the figure expected to explode to 43% by 2030.