Collapsed bitcoin scheme Mirror Trading International was placed in final liquidation this week by the Western Cape high court.
Browsing: Cryptocurrencies
South Africa is moving with more urgency to stiffen oversight of cryptocurrency assets after a proliferation of scams.
It seems lightning does strike twice for Raees and Ameer Cajee, the two brothers behind Africrypt, the company that was supposedly hacked and whose wallets were emptied of R51-billion in crypto money in April.
Ether investment products and funds posted record outflows in the last week of June, bearing the brunt of negative sentiment on cryptocurrencies.
A growing number of crypto asset firms are abandoning attempts to register with Britain’s financial regulator as global scrutiny of the rapidly-growing sector intensifies.
Bitcoin pushed higher Monday as proponents took encouragement at its failure to breach the closely watched $30 000 support level over the weekend.
The cryptocurrency aficionados’ mantra that bitcoin is equivalent to digital gold is winning converts among the world’s biggest holders of the precious metal.
The Cajee brothers, who ran a cryptocurrency investment platform from South Africa that a financial sector regulator suspects of being a Ponzi scheme, are confounding both their family and desperate investors alike.
Britain’s financial regulator has ordered Binance, one of the world’s largest cryptocurrency exchanges, to stop all regulated activity and issued a warning to consumers about the platform.
Intel CEO Pat Gelsinger has predicted the shortage of semiconductors that’s hurting industries from automotive to consumer electronics will bottom out in the second half of this year.