Look beyond the bullish headlines and the rally in bitcoin, and a vastly different landscape comes into view.
Browsing: Cryptocurrencies
South Africans are spending R2-million/month in cryptocurrency through Luno Pay alone, developer Luno said on Tuesday.
Yellow Card Financial and Visa have signed a deal to promote the use of stablecoins for cross-border payments.
Regulators must work to position South Africa as a competitive player in the fast-evolving world of crypto.
Some of the biggest US banks are reportedly exploring whether to team up to issue a joint stablecoin.
Bitcoin touched a high above $111 000 and also topped R2-million for only the second time in history.
Coinbase has forecast a hit of between $180-million and $400-million from a cyberattack.
Circle is launching a payments network for for settling cross-border transactions, sources said.
Crypto is growing fast in South Africa, and with it comes a rise in scams targeting curious and ambitious investors.
The fight against cyberthreats requires continuous collaboration between businesses, regulators and users.