Cryptocurrency

VALR raises R57-million to advance cryptocurrency adoption

VALR, one of South Africa’s leading cryptocurrency exchange, announced today that it has raised R57-million (US$3.4-million) to advance the adoption of cryptocurrencies. The Series…

Impact of the proposed FICA amendments on crypto asset service providers

On 19 June 2020, The Minister of Finance, in terms of the Financial Intelligence Centre Act, 38 of 2001 (“FICA”), published proposed amendments to…

SA Crypto startup partners with one of the world’s largest exchanges

ChainEx, a local South African cryptocurrency exchange has partnered with one of the world’s leading exchanges, OKEx. The new partnership will allow crypto traders…

SA crypto exchange which has raised $1.3m introduces quick buy and sell feature for traders

ChainEX, a cryptocurrency exchange in South Africa, has introduced its quick buy and sell feature for all crypto traders on their platform. The startup…

Vinny Lingham’s Civic launches consumer-first digital wallet

US based SA entrepreneur Vinny Lingham’s startup Civic, has launched its Civic Wallet on the App Store and Google Play. Civic, a leading innovator…

African regulators are holding back growth of cryptocurrency on continent, finds report

While the rapid adoption of cryptocurrencies may be likely in Africa — given the continent’s high inflation rates, volatile currencies and underdeveloped banking —…

A sneak-peek at the future of crypto asset regulation in SA [Opinion]

Last month the Intergovernmental Fintech Working Group (IFWG) has released its long-awaited position paper on Crypto assets (the Position paper) following the initial consultation…

Bitcoin price mania being driven by market manipulation – foundation head

Bitcoin is heading towards a dot.com crash and is being driven by a “mania” and “market manipulation”, says Bitcoin Foundation executive director Llew Claasen. “The fact that…

SA’s Wealth Migrate to launch $30m ICO aimed at global property

South African based global real estate platform Wealth Migrate plans to run an initial coin offering (ICO) early next year, to raise $30-million in an…

SA entrepreneur Vinny Lingham joins US cryptofund Multicoin Capital as partner

South African entrepreneur Vinny Lingham has joined US cryptofund Multicoin Capital as a general partner. The fund, which invests in blockchain tokens, made the announcement…

Q&A: So you want to run an ICO? Just make sure you have a cool R1m at hand

Okay, so you want to raise millions of dollars through an initial coin offering (ICO)? It seems easy enough, with literally thousands of ICOs being…

Is SA startup Nona Creative really first to conclude equity transaction in Bitcoin?

Cape Town digital consultancy and product development firm Nona Creative has conducted an equity deal entirely in Bitcoin. But is it really the first such deal, as…

Fintech Prosperiprop nets over $200 000 in ICO to develop property software

South African fintech startup Prosperiprop has been able to raise “just over $200 000” through an initial coin offering (ICO) which closed yesterday, the…

SA’s Ekasi Bucks ICO falls short of R50m target, nets just R500 000

South African blockchain consultancy Ekasi Bucks has fallen far short of an ambitious target to raise R50-million in an initial coin offering (ICO) to fund a…

Nigerian fashion designer Minku to raise $200 000 in funding with bitcoin

Nigerian fashion designer Minku has announced that it is seeking to raise $200 000 in bitcoin through a seed round. The round won’t be an ICO at all,…

SA’s Prosperiprop responds to poorly performing ICO, adding PROPX NanoChain

Following the lack lustre performance so far of its PROPX initial coin offering (ICO) SA startup Prosperiprop has added a new offering to its current ICO….

With nine days to go Prosperiprop ICO has raised just $20 000 against $20m target

South African startup Prosperiprop may have been too optimistic when it launched its PROPEX initial coin offering (ICO) last month. With nine days to the…

ProsperiProp PROPX ICO aimed at property investments now under way

South African African fintech startup ProsperiProp‘s initial coin offering (ICO) which aims to help ordinary investors to gain a share of global property investments is now…

China’s ban of ICOs unlikely to effect long-term bitcoin sales says Luno founder

China’s ban earlier this month of initial coin offerings (ICOs) is unlikely to affect bitcoin sales in the long term — while the volatility…

ProsperiProp appoints Grant Thornton for ICO in bid to boost investor confidence

Ahead of its initial coin offering (ICO) planned for this Friday (15 September), South African African fintech startup ProsperiProp announced today that it has appointed…

Cryptocurrencies won’t see adoption like credit cards did – Hannes Van Rensburg

It’s a been a torrid week for bitcoin and other cryptocurrencies, following China’s decision on Monday to ban all initial coin offerings. Now former South…

‘SA Reserve Bank offers no protection for those that take part in ICOs’

As China’s ban on initial coin offerings (ICOs) has lead to renewed concerns over the use of cryptocurrencies, South Africa’s Reserve Bank says it offers…

SA startup ProsperiProp delays ICO following China’s ban on token offerings

South African startup ProsperiProp has delayed by one week its PROPX initial coin offerings (ICO) — which it planned to run on Friday, 8 September — following China’s decision to…

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