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All posts tagged "Bitcoin"

  • SA startup Centbee launches app to send bitcoin cash to contacts on your phone

    SA bitcoin wallet provider Centbee yesterday announced the launch of the beta version of a bitcoin cash wallet that makes it easy to send bitcoin cash to friends. Centbee allows global consumers to acquire, hold and spend Bitcoin with retailers and other merchants. The Centbee wallet is now available in the Google Play Store and the App Store. The wallet provides access to bitcoin cash (BCH) which is an upgraded version of Bitcoin (BTC), the legacy cryptocurrency. The news follows Centbee's announcement in January that the startup had received an undisclosed amount in equity investment from blockchain research and development firm nChain Group. At the time the startup said...

  • Luno to open new headquarters in Joburg, hire over 30 staff for office

    SA bitcoin exchange Luno announced today that it will be opening a Johannesburg office. The office will serve as Luno’s regional headquarters for Africa. The news follows hot on the heels of a report by Ventureburn last month that the London-headquartered company with teams based in several cities across the world — had embarked on hiring 40 new employees for its Cape Town office (see here), In a statement today, Luno said in addition to building out the Africa coverage team, the Johannesburg office will also be home to a brand new engineering team. Luno is currently seeking to recruit over 30 staff for the new office, with...

  • ICOs may have frizzled but SA startups are closer to meeting targeted raises

    With the steady fall in the price of Bitcoin and Ethereum since the beginning of this year fewer local startups may be opting to run an initial coin offering (ICO). Yet it seems SA startups are getting more successful at running ICOs -- at least if reaching their targeted raise is anything to go by. While startups last year struggled to raise more than four percent of the capital they sought to raise through ICOs, SA startup Gron Digital claims to have already allocated 84% or over 50.4 million of its 60 million GRO tokens. The startup aims to -- through its blockchain platform -- become an industry standard in making...

  • Simon Dingle sees crptocurrency as shaping new economic order [Extract]

    Money, argues SA investor and speaker Simon Dingle who has been designing crypocurrencies since 2011, is perhaps the most important human invention after language. But who really owns it -- you or the banks? In this extract from his latest book In maths we trust: The future of money released earlier this year, Dingle paints a vision of a future where people themselves are able to control and store their own wealth using digital money such as bitcoin or Ethereum. The new economic order The future economy is one in which money flows in and out of your world seamlessly without the friction of banking infrastructure...

  • Zim crypto exchange Golix launches and activates country’s first Bitcoin ATM

    Zimbabwean cryptocurrencies exchange Golix has launched and activated the country's first ever Bitcoin ATM which will allow customers to buy and sell Bitcoin. Golix announced the launch last week in a blog post on its website. The Bitcoin ATM will be located in the exchange's offices in Harare. In a recent email to Ventureburn, Golix communications director Nhlalwenhle Ngwenya said over 10 000 customers who are faced with a "slow and cumbersome" banking process for settling international payments had over the past six months "religiously" used the cryptocurrency exchange. Customers using Golix's Bitcoin ATM will be limited to a $5000 transaction limit Ngwenya, who...

  • Bitcoin, blockchain rules must evolve as sector matures – cryptocurrency expert

    Regulations around initial coin offerings (ICOs) and cryptocurrencies including Bitcoin should be flexible enough to enable them to be regularly updated as regulators gain a better understanding for the sector. So says cryptocurrency expert David Orban. Regulations on cryptocurrencies and ICOs differ from country to country, with some like Korea and China having banned ICOs and others such as Russia and France planning to bring out regulations on cryptocurrency (see this Bloomberg story published yesterday). Bitcoin and other tokens are not regulated in South Africa. Speaking by telephone from an event held today the Cape Town International Convention Centre (CTICC) by SA fintech startup...

  • Here’s why Kenyan startup BitPesa bought Spanish remittance platform

    Nairobi-based fintech startup BitPesa has acquired a Spanish international money transfer service TransferZero. The blockchain payments platform made the announcement on its Twitter account last week Thursday (8 February), a day after BitPesa CEO Elizabeth Rossiello spoke about the acquisition in New York at the Yahoo Finance All Markets Summit: Crypto. The deal will see TransferZero -- which handles international remittances, payments and collections in more than 200 countries -- retain its name and continue to operate in Spain. Focus on building infrastructure across Europe and Africa Rossiello said setting up such infrastructure across Europe and Africa has "always been a focus of ours" and...

  • SA Reserve Bank expects clarity on sandboxes, taxing bitcoin by middle 2018

    The SA Reserve Bank says it is still reviewing its position on cryptocurrrency and sandboxes, and anticipates that it will be in a better place to comment on this by the middle of this year. While the Reserve Bank’s current position on virtual currencies is set out in the Position Paper on Virtual Currencies issued in 2014, Ventureburn this week asked the Reserve Bank whether it would be allowing sandboxes for testing of blockchain and bitcoin applications. While at present coin exchanges are required to report cryptocurrency transactions to the Reserve Bank, Ventureburn asked the Reserve Bank if it had taken a decision on implementing any further...

  • Q&A: No plans for Bank Zero to use blockchain, bitcoin says Michael Jordaan

    Venture capitalist and former FNB CEO Michael Jordaan says his new app-based Bank Zero won't be accepting bitcoin or Ethereum when the bank launches later this year. It follows Jordaan's announcement yesterday that Bank Zero is expected to launch in the final quarter of this year. Read more: Michael Jordaan blown away by all the good wishes on app-based Bank Zero "Not at (the) launch but this could happen if there is customer demand," Jordaan told Ventureburn in an email today. When asked if the bank will make use of the blockhain, he said he and his six fellow founders were not considering this at this...

  • A look at 2017: the year that was for South Africa’s tech startup ecosystem

    This year saw one of the biggest acquisitions of a South African startup - with the over $100-million GetSmarter deal. A chance meeting with 2U CEO Chip Paucek in October last year set the Cape Town based edtech startup on the road to being acquired by the US firm in a $103-million deal signed in May, but only concluded in October. But 2017 was also a year in which two new major acceleration programmes launched on the continent. Global accelerator Startupbootcamp launched a three-month programme in Cape Town in September -- the organisation's first such initiative in Africa. The inaugural programme helped bridge the gap between corporates and startups, with the initiative's first...