Cryptocurrency

Regulating cryptocurrencies necessary for mass adoption

The infamous case of South Africa’s Mirror Trading International (MTI) has been crowned as the world’s largest cryptocurrency Ponzi scam. A total of around…

SA’s largest online broker expands footprint in Africa

CMTrading, South Africa’s largest online broker and a leader in the international markets, has opened up an office in Lagos, Nigeria. CMTrading expands to…

SA crypto startup enables users to earn interest on Ethereum and USDC

South African-born cryptocurrency exchange startup Luno has announced that its users can now earn up to 4% interest per annum on Ethereum and up to…

SA crypto startup ranks sixth globally

South African cryptocurrency startup Luno has earned a ranking in the top six cryptocurrency exchanges globally as revealed in the latest CryptoCompare Exchange Benchmark….

Luno crypto platform adds US dollar stablecoin

Luno, one of South Africa’s leading cryptocurrency exchange platforms has announced the addition of USDC, one of the most secure stablecoin on the market to…

SA cryptocurrency exchange secures investment

South African-based cryptocurrency exchange platform that specialises in over-the-counter (OTC) trading, OVEX, has secured an undisclosed investment from Alameda Research a quantitative cryptocurrency trading…

Is Bitcoin the new Gold?

Bitcoin’s price has once again soared in recent months – as has the price of some of its other cryptocurrency peers, such as Ethereum…

Natalie du Toit linked startup Sports Podium launches app to track golf scores

Having ditched plans to run an initial coin offering (ICO), a SA blockchain startup that includes Paralympic SA swimming star Natalie du Toit as one…

Wealth Migrate assessing market, exchanges before phase two of ICO

SA startup Wealth Migrate is assessing market conditions and the timing of the security exchanges to work out when to launch the second phase of an initial…

‘Luno making progress to get users’ money back from Malaysian account’ [Updated]

Just over five months since Malaysia’s tax authority took the decision to unfreeze SA bitcoin exchange Luno‘s Malaysian bank account, the startup says it is making progress…

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…

Identity.com a ‘first-of-kind’ for secure identity verification says Vinny Lingham

South African entrepreneur and Civic founder Vinny Lingham has announced the name of his new decentralised identity ecosystem – Identity.com. In a blog post yesterday East London…

SA platform Bitfund claims hundreds of signups since yesterday’s launch

SA cryptocurrency investment platform Bitfund has had “hundreds” of investors sign up since its launch yesterday claims one of its founders, Josh Miltz. The founders of the Joburg-based startup…

Joburg hub Blockstarters on hunt for $450k to assist blockchain startups (Updated)

UPDATE: Blockstarters CEO Kreaan Singh confirmed to Ventureburn that as of 9 April 2019, Blockstarters was still in the process of trying to raise the $450…

SA man’s UK-based fintech nets ‘good interest’ in £15m pre-sale – BVNK official [Updated]

A UK-based fintech — that allows consumers to buy, store and use cryptocurrency and which was founded by South African Kyle Redelinghuys — received “good” initial interest…

Swarm Fund aims to raise raise $35m in loans for African farmers with FarmCoin

Blockchain for private equity the Swarm Fund is likely to raise $35-million in revenue for 87 500 African farmers in the initiative’s first year by helping sell their…

Ekasi Bucks to launch ‘world’s first crypto-mall, bitcoin taxis for townships’

Just months after a failed initial coin offering (ICO), South African blockchain consultancy Ekasi Bucks plans to launch what it calls “the world’s first crypto-mall and on-demand transport service for…

You won’t be able to draw dollars – crypto exchange Golix tells Zim customers

Five days since the Zimbabwe central bank issued a circular prohibiting banks from processing transactions linked to cryptocurrencies, crypto exchange Golix today informed Zimbabwean customers that they would…

The Sun Exchange in $25m ICO to allow investors to earn income off solar projects

SA startup The Sun Exchange, a blockchain-based solar micro-leasing marketplace, will launch an initial coin offering (ICO) next week to allow investors to earn an…

Ex-Visa man, Vio Digital founder plans US move if remittances app takes off

Johanneburg-based Praga Govender, the man behind a new blockchain app aimed at lowering the cost of remittance payments to Africa, says he plans to relocate…

Krypteum ICO for ‘world’s first AI investment cryptocurrency’ nets just $1m

SA startup Krypteum has raised $1-million in an initial coin offering (ICO) which ended last month and that aims to develop what it claims is the…

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…

Gron Digital raises $1.2m in pre-sale, launches first of four ICO rounds

“Fantastic” — that is how Gron Digital CEO Tebogo Makamo describes the performance of his startup’s pre-initial coin offering (pre-ICO), in which the company was…

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