Bitcoin advocates say this time will be different as the virtual coin surges back to price levels last seen in the wake of the collapse of the cryptocurrency market bubble almost three years ago.
Cryptocurrency exchange Luno, previously backed by Naspers but now owned by Digital Currency Group, has launched a savings wallet, offering customers interest of up to 4%/year on their bitcoin holdings.
Bitcoin’s biggest rally in more than a week has pushed it to the brink of $12 000, a key level watched by chartists and technicians.
Promoted | Africans are increasingly turning to cryptocurrencies as a way to store value or as a means of exchange and remittance. Individuals and businesses are using them to hedge against local currency instability.
A group called Anonymous ZA has dumped what it claims to be the entire transaction history of Mirror Trading International, which has been accused of being a Ponzi scheme – a claim denied by the company’s management.