Luno is cutting 35% of its total workforce, the latest in a slew of companies in the digital assets sector to reduce headcount.
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The Advertising Regulatory Board is adding a new clause to the Code of Advertising Practice that deals with cryptocurrency products.
Cryptocurrency exchange Luno has appointed Christo de Wit as country manager of its South African operation, it said on Friday.
The Prudential Authority has issued a “guidance note” to local banks saying they should provide banking facilities to crypto exchanges.
Luno has established an investment arm, called Luno Expeditions, that it plans to use to invest in fintech, cryptocurrency and Web3 start-ups.
Luno is looking for a foothold in the US, the latest international platform to try and tap one of the world’s biggest populations of digital-asset investors.
Marius Reitz, Luno’s GM for Africa, provides an overview of some of the important milestones in the cryptocurrency space in 2021.
Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets.
Bitcoin jumped on Friday, rising in a matter of minutes to its biggest daily gain since July, and other digital currencies surged in a shock rally.
Bitcoin and US stocks are moving increasingly in lockstep as investor anxiety builds ahead of this week’s Federal Reserve meeting.