Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it. Its January slide knocked $44.2bn off the $200bn in market value generated in all of last year, the biggest one-month loss in dollar
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The US$500m heist of digital tokens from Japanese exchange Coincheck on Friday is remarkable for its sheer size, but thefts in the lightly regulated world of cryptocurrencies are woefully frequent. In less than a
As bitcoin continues its roller-coaster ride, taxpayers need to brace themselves for heightened scrutiny of their declarations in relation to cryptocurrency gains. The South African Revenue Service has confirmed that it will clarify
South Africa has no specific laws or regulations that deal with the use of cryptocurrencies like bitcoin. It follows that, to date, there aren’t any court rulings or directives that focus on the tax treatment of bitcoin-related transactions
Mining cryptocurrencies is far too energy intensive and is consuming as much electricity as a G-20 economy, International Monetary Fund MD Christine Lagarde said. “The bitcoin mining, which is this accelerated and augmented
Critics of bitcoin often argue that it’s useless as a means of payment, one of the key elements of any successful currency. That’s not quite right, and likely to become less so. First, a reminder on how bitcoin works. If I want to send someone
There’s a compelling reason to consider what’s going on with cryptocurrencies a purely speculative boom-and-bust roller-coaster: over a three-month period, the prices of all the top coins and tokens are rather strongly correlated
In this episode, your hosts Duncan McLeod and Regardt van der Berg chat about the week’s biggest technology stories, including Michael Jordaan and Yatin Narsai’s new digital bank. Also in the episode, they delve into Cell C’s plan
Bitcoin’s recent wobbles have given fresh urgency to a question that’s gripped market observers for much of the past year: will the cryptocurrency go down as one of history’s most infamous bubbles, alongside tulip mania