Look beyond the bullish headlines and the rally in bitcoin, and a vastly different landscape comes into view.
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Bitcoin touched a high above $111 000 and also topped R2-million for only the second time in history.
Cryptocurrencies sold off sharply heading into the week, underscoring a clear risk-off sentiment across markets.
National treasury must address the digital asset elephant in the room.
Cryptocurrencies have slid further, eclipsing US President Donald Trump’s recent efforts to buttress the industry.
Crypto exchange Luno says this classification will lead to increased institutional investment and greater tax collection.
Donald Trump’s proposed national reserve of cryptocurrencies in the US is fraught with danger.
Bitcoin was trading up more than 20% from last week’s lows on Monday.
Bitcoin fell below $90 000 for the first time in more than a month, becoming the latest victim of a widening rout in crypto.
The move by Altvest, which emulates US company MicroStrategy, will “fully comply with relevant financial regulations”.