Cryptocurrency adoption in Africa has been gaining momentum, with an increasing number of individuals, businesses, and governments recognizing the potential benefits of digital money. As the continent faces various economic challenges, cryptocurrencies offer a promising alternative that can revolutionize financial systems, foster…
According to recent financial data, BRICS has surpassed the G7, which currently contributes 30.7% of the global GDP, as the largest group of countries in terms of gross domestic product (GDP). Brazil, Russia, India, China, and South Africa are together known as…
Binance, the largest crypto exchange in the world, continues to face a series of challenges and legal scrutiny. Following a lawsuit in the United States and being denied a license in the Netherlands, the exchange is now under investigation by French authorities.
According to…
In 2022, South Africa’s Financial Sector Conduct Authority established that cryptocurrency financial companies in South Africa would need to apply for a license between June 1 and November 20, 2023.
The license allows these crypto firms to operate legally within the framework…
In an interview with Luno's General Manager for Africa, Marius Reitz discussed the company's mission to bring cryptocurrencies to more people around the world. Reitz also reportedly highlighted the benefits of digital asset investing, including the potential for high returns and diversification.…
Gridless Mining, a blockchain mining company, is expanding its low-cost energy offerings in Africa. The company has developed a patented technology that uses renewable energy sources, such as solar power, to mine cryptocurrencies. According to reports, Gridless Mining has partnered with a…
South Africa’s apex regulating bank, the Reserve Bank Of South Africa (SARB) announced that it will examine how to utilize properly the benefits inherent CBDC and stablecoins usage among institutions in the next phase of its digital blockchain technology project termed, Project…
Former Monero lead maintainer, Riccardo Spagni, has lost his bid to have the Supreme Court of Appeal (SCA) in South Africa declare his extradition from the United States illegal. The SCA ruled that Spagni did not sufficiently argue for the voiding of…
Kurt Kruger, CTO at SnapScan, has the classic techie story. His parents bought him his first computer when he was just six years old. It was the first commercially available micro-computer in South Africa at the time, and once he laid his hands…