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Bitcoin fell below $30 000 for the first time in nearly five months as China’s latest crackdown on cryptocurrencies weighed.
Cryptocurrencies have become a tool for Venezuelans to send remittances, protect wages from inflation and help businesses manage cash flow in a quickly depreciating currency.
Forget the $9-billion of fines that came before. They barely scratched the surface. For Google, this is the big one. The stakes could not be higher. By Alex Webb.
Bitcoin’s slide towards $30 000 amid China’s continued cryptocurrency crackdown is stoking fears of a deeper sell-off, with one researcher warning a break lower could bring a world of pain.
China’s central bank said on Monday it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins.
It is now mandatory for local banks to make hand sanitisers available at all 30 000 ATMs in South Africa, but an industry body says this is going to be almost impossible to achieve.
Starlink, the satellite Internet unit of Elon Musk’s SpaceX, expects to be able to provide continuous global coverage by around September but will then need to seek regulatory approvals.
Naspers-controlled Takealot group reported revenue growth of 55% in the last financial year despite a ban on unfettered e-commerce during the height of the hard lockdown in 2020.
Last week’s announcement by Sekunjalo’s African Equity Empowerment Investments that BT Group was not entitled to claim back the 30% stake in BT South Africa held by AEEI was a little puzzling.