Cryptocurrency

Luno adds Chainlink and Uniswap to crypto portfolio

Luno users can from today buy, sell and store Chainlink (LINK) and Uniswap (UNI) alongside their existing crypto holdings on the global cryptocurrency platform’s…

Calls for higher auditing frequency of South African crypto market

Regulators and auditors play an increasingly vital role in securing and validating the big data infrastructure of Virtual Asset Service Providers (VASPs) as crypto…

Luno data reveals the habits of the South African crypto buyer

It’s no surprise that the average South African crypto buyer is male. But data like the average first spend of R450 and eight month…

South African cryptocurrency exchange raises $50M in oversubscribed Series B

VALR.com, a cryptocurrency exchange headquartered in South Africa, has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values…

[Opinion] The ABCs of avoiding a DeFi rug pull

The promise of decentralised finance (DeFi) is the elimination of centralised authorities not only gives users more say over their funds, but it also…

Crypto theft deepens DeFi risk problems

Decentralised Finance (DeFi) products lost over $438 million to theft over the last 30 days, recovering only $75 000 over the same period. A…

Nestcoin raises pre-seed capital to accelerate Web3 adoption

Web3 application builder Nestcoin raised $6.45 million in pre-seed capital. This new funding will enable the company to expand its global operations and invest…

Luno partners with Genesis to help customers earn interest on their crypto holdings

Luno, one of SA’s leading cryptocurrency exchange today announced a partnership with Genesis, a leader in digital currency prime brokerage services. Luno has partnered with…

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…

Cryptocurrency platform Luno reaches over 4 million users

SA founded cryptocurrency platform Luno announced today that it has reached over four million customers worldwide, having added a million new users since September…

Nigerian payments app Bundle launches after netting $450k from Binance

Bundle, a Nigerian payments app for cash and cryptocurrencies, has launched after netting $450 000 from global blockchain company Binance. Bundle allows users to buy,…

SA’s Intergovernmental Fintech Working Group releases position paper on crypto assets

The SA government’s Intergovernmental Fintech Working Group (IFWG) has drafted a policy position paper on crypto assets, the SA Reserve Bank said in a…

Ecosystem-wide collaboration platform SA Blockchain Alliance has launched

A blockchain ecosystem-wide collaboration between government, academia, business and civil society has launched. The South African National Blockchain Alliance (Sanba) was officially launched earlier…

SA’s Safcoin launches jobs site with aim of setting up African crypto ecommerce ecosystem

SA cryptocurrency startup Safcoin wants to create an ecommerce ecosystem in Africa that allows customers to pay for goods and services using cryptocurrency over…

Dutch VC fund takes a stake in SA’s Centbee after Paper Plane Ventures exits startup

UPDATE (21 February): An earlier version of this story had it that Dutch venture capital (VC) company Two Hop Ventures had acquired SA VC…

After netting $260k, Xion to launch subscriptions management platform in US

Three South Africans are hoping to hit it big in the US with their blockchain startup Xion, by helping ecommerce providers to quickly and…

Nigerian crypto platform Bitfxt lands $15m from UK investors, Payitup parent company

Nigerian crypto investment platform Bitfxt has announced that it has raised $15-million from a UK syndicate of hedge funds and UK company, Payitup Clearinghouse….

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