Bitcoin extended losses for a third day, tumbling 12% on Sunday as South Korean cryptocurrency exchange Coinrail said there was a “cyber intrusion” in its system. The largest cryptocurrency declined to US$6 749 as of 2pm in New
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Like politics, religion and economics, money is a social construct. Money is no more than a collective system of trust. If you sell a bicycle for R500, you trust that the R500 cash the buyer gives you will be fungible for food or electricity
On TalkCentral this week, Duncan McLeod and Regardt van der Berg talk about the week’s biggest technology news, including Telkom’s earnings update, Netflix (briefly) becoming the world’s most valuable technology
While most fiat currencies can be divided to one-hundredth of their values, bitcoin itself is presently divisible down to eight…
A unit of the South African Police Service said it’s started an investigation into an alleged cryptocurrency investment fraud that has affected more than 28 000 people and led to losses of more than R1bn. The allegations
South Africa’s central bank chooses to call digital currencies such as bitcoin “cyber-tokens” because they don’t meet the requirements to be classified as money. “We don’t use the term ‘cryptocurrency’ because it doesn’t
The US justice department has opened a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, dramatically ratcheting up scrutiny of red-hot markets that critics say are rife
Bitcoin fell to a six-week low, as selloff that began in early May dropped the cryptocurrency’s price below $7 500 for the first time since mid-April. Bitcoin slumped 7.3% to $7 495 as of 1.57pm in New York
In this episode of the TechCentral podcast, Duncan McLeod interviews Felix Honigwachs, CEO of GloBee, a global cryptocurrency payment provider founded by South African cryptocurrency and blockchain expert Riccardo
In 2007, the world entered what has since become known as the Great Recession. Falling housing-related assets contributed to a global financial crisis, which either crippled or toppled many of the world’s largest