2021-6-24 04:36 |
Billions worth of Bitcoin has reportedly vanished along with the operators of South African crypto firm AfriCrypt. Is it a scam or a hack? origin »
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Users of South African exchange Africrypt are missing $2.3 billion in bitcoin after the founders have disappeared.
2021-6-24 17:46 | |
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Two South African brothers made away with nearly 69,000 Bitcoin earlier this year, hacking one ‘Africrypt,’ their own exchange platform, and bagging one of the biggest crypto heists in dollar terms ever.
2021-6-24 12:45 | |
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Around 69,000 Bitcoin has vanished from a South African investment platform, Africrypt, along with two brothers who owned the crypto firm. Africrypt Founders Took $3. 6 Billion A new Bitcoin scam involving the disappearance of $3.
2021-6-24 08:57 | |
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According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. Africrypt Stops Operations Abruptly Africrypt abruptly ceased operations nearly two months ago, prompting the banking institution’s denial.
2021-6-20 03:17 | |
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According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s two directors disappear with billions of dollars in investor funds.
2021-6-19 20:30 | |
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South Africa’s financial watchdogs are gearing up to introduce a crypto regulation framework in the country. A report unveiled this news on June 14, citing a position paper published by the South African Intergovernmental FinTech Working Group (IFWG) via the Crypto Assets Regulatory Working Group (CAR WG).
2021-6-15 18:48 | |
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Strong retail interest in crypto has driven South African regulators to rethink how they classify cryptocurrencies.
2021-6-15 12:38 | |
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New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme.
2021-6-10 06:30 | |
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Establishing a new era in the emerging legal cannabis industry, a South African businessman, Matt Benas, outbid everyone in an historic NFT (non-fungible token) auction for...
2021-6-7 18:17 | |
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Three leading cryptocurrency exchanges from South Africa recently confirmed receiving a request for client data from the country’s revenue collector. In a joint statement, the exchanges, (namely Altcointrader, Luno, and Valr) said this request, which targets a “selection of customers”, has been made “in terms of section 46 of the (South African) Tax Administration Act.” […]
2021-6-3 08:30 | |
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It seems like the South African Reserve Bank (SARB) now understands the importance of digital currencies alongside traditional fiat currency. Recently, the South African Reserve Bank (SARB) has announced the start of a feasibility study for a retail central bank digital currency (CBDC).
2021-5-28 13:00 | |
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The South African Reserve Bank (SARB) says it has commenced a feasibility study for a general-purpose retail central bank digital currency (CBDC). The study, which the SARB expects to conclude in 2022, will focus on the issuance of a domestic CBDC that can be used by consumers in South Africa for general retail purposes. Study […]
2021-5-27 08:30 | |
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South Africa has taken its initial steps towards a central bank digital currency [CBDC]. South African Reserve Bank has begun to explore the feasibility of a fiat digital currency owing to the latest The post This country takes the first steps toward CBDC appeared first on AMBCrypto.
2021-5-26 23:30 | |
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The South African Reserve Bank has begun exploratory studies on central bank digital currencies.
2021-5-26 16:30 | |
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A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them.
2021-5-19 10:30 | |
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Despite gold’s longstanding status as an alternative store of value, the commodity continues to experience unusual price variations in countries like South Africa and Zimbabwe. In turn, such price variances, as well as the rampant smuggling of the commodity, are distorting the precious metal’s actual production figures.
2021-5-18 10:00 | |
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According to a recent Mastercard payment index report, the Covid-19 related lockdowns helped spread the use of cryptocurrency in three African countries, namely Nigeria, Kenya, and South Africa. The report also reveals that a greater number of consumers from these countries are “likely to use one emerging payment method in the coming year.” More Respondents […]
2021-5-12 07:00 | |
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Latest reports from South Africa suggest that the country’s tax agency will now be targeting cryptocurrency investors as it attempts to increase the total value of revenues collected. Alongside high net worth individuals and offshore investors, digital currency holders now constitute an area that is “likely to yield much of the extra tax” for the […]
2021-5-10 10:00 | |
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South Africa’s Financial Sector Conduct Authority (FSCA) has apologized to a Cape Town-based crypto start, Ovex, less than 24 hours after warning that the firm was operating outside the law. Ovex Does Not Require Licence From FSCA In its May 7 retraction, the financial watchdog said the findings of an investigation into Ovex, which specializes […]
2021-5-9 05:00 | |
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South African crypto entrepreneur and Yearn Finance founder, Andre Cronje, is set to brawl Crypto Messiah in a physical fight at a Dubai crypto conference. The event, which has been dubbed the Cryptocurrency International boxing match, is scheduled to take place on October 15.
2021-5-6 07:30 | |
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A South African non-fungible token (NFT) marketplace, Momint has officially launched following the end of the two-week trial phase which saw the artwork of former rugby player Bryan Habana fetch over $10,000.
2021-5-3 15:15 | |
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A group of South African investors recently confessed to losing money to a brazen scammer after he convinced them to buy and hold nearly worthless physical coins. The coins, which are denominated in the Bostwana pula currency, were initially sold to a group of South African women back in 2019 when bitcoin was only worth […]
2021-5-1 07:30 | |
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A South African High Court recently served Mirror Trading International (MTI)’s Johann and Nerina Steynberg with a provisional sequestration order. The court’s decision follows a successful court application by the five joint provisional liquidators of the now-defunct online bitcoin scam.
2021-4-27 09:30 | |
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Californian startup Hitch is collaborating with South African artist Daniella Attfield to create a unique non-fungible token (NFT) art piece that benefits the climate, it said in a release shared with CryptoSlate.
2021-4-23 07:00 | |
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The premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas exchanges.
2021-4-22 01:30 | |
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Fresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF.
2021-4-21 09:30 | |
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The South African cryptocurrency investment platform, Revix, has reportedly raised about $4. 1 million from its latest capital raise round. According to the firm, part of the raised capital will be used “to launch Revix’s mobile application, a variety of Fourth Industrial Revolution (4IR) investment opportunities.
2021-4-21 15:30 | |
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South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to shorten the money transfer window to only minutes.
2021-4-5 15:30 | |
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In an abrupt move, Binance South Africa announced on March 31 that all South African rand (ZAR) trading pairs will be delisted on April 2. The crypto exchange adds in a statement that “all trade orders will be automatically removed after 10.
2021-4-2 09:30 | |
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Fresh reports from South Africa suggest that a total of 1,200 bitcoins belonging to the now-defunct Mirror Trading International (MTI) were recently transferred from FX Choice to an appointed liquidator.
2021-4-1 09:30 | |
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New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According to one report, an open-source software specialist firm, LSD Open, could well be the first South African company to make the bold step after it reportedly […]
2021-3-30 03:00 | |
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South African regulator the Financial Sector Conduct Authority recently issued its second crypto “health warning” after it noticed increased reports of crypto-related losses suffered “in the past three months.
2021-3-29 14:00 | |
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South Africa-based cryptocurrency exchange iCE3 suspended Bitcoin (BTC) and Litecoin (LTC) withdrawals this week after noting “discrepancies” in the balances of these crypto-assets on the platform.
2021-3-19 20:27 | |
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A South African crypto exchange, Ice3x, suspended trading on its platform on March 16 after noting discrepancies in balances of bitcoin and litecoin held on the platform. At the time of writing, the exchange had not revealed the cause of the mismatches in balances or when it expects trading to resume. In the meantime, a […]
2021-3-18 13:05 | |
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Bitcoin-linked businesses in South Africa are criticizing the government for its slow approach towards implementing clear and amenable regulation for the industry. The firms are threatening to orchestrate a mass exodus if things remain the same, according to a Bloomberg report on March 9, 2021.
2021-3-10 01:00 | |
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The arrival of crypto-assets in Africa was seen as the end of financial exclusion in a continent that has remained in the dark ages for so long. With cryptocurrencies making it possible for retail investors to dictate how they spend their money and what they get in return, the continent quickly embraced the industry.
2021-3-10 20:19 | |
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South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines.
2021-3-9 08:31 | |
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“Artists are historians and their art the journal,” the Singart team once wrote. This statement is most certainly true in the case of young South African crypto artist Daniella Attfield who is rewriting the history of art through non-fungible tokens.
2021-3-9 19:04 | |
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The Financial Sector Conduct Authority (FSCA) has issued what it terms crypto health warning after receiving many complaints from South African victims of crypto scams. In the warning, the FSCA reminds prospective investors that crypto-related investments are currently not regulated.
2021-2-6 22:30 | |
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According to local news firm, Broadband, SARS sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. This was confirmed by Tax Consulting South Africa, which has recently been approached by a number of taxpayers on the issue.
2021-2-6 20:36 | |
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Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market.
2021-2-4 15:27 | |
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The South African Revenue Service is likely "ensnaring" non-compliant taxpayers, a tax consultancy said in a news report.
2021-2-4 14:43 | |
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According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine or imprisonment for up to two years.” SARS Tracking Non-Compliant […]
2021-2-4 12:20 | |
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South Africa is the latest country to come down on cryptocurrency investors, with the South African Revenue Service (SARS) sending audit requests to taxpayers, requesting them to disclose cryptocurrenThe post South Africa's SARS accelerates crackdown on non-compliant Bitcoin traders appeared first on AMBCrypto.
2021-2-3 10:30 | |
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South African traders who fail to disclose their income from Bitcoin trades could end up in jail
2021-2-2 19:00 | |
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The Financial Sector Conduct Authority is demanding tighter regulatory control over cryptocurrency.
2021-1-27 13:17 | |
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Liquidators of the embattled Mirror Trading International want a deeper probe of the alleged Bitcoin multi-level marketing scheme.
2021-1-16 13:49 | |
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Placed under provisional liquidation last month, Mirror Trading had claimed to be able to offer returns of 10% a month using bots to trade clients' bitcoin.
2021-1-15 12:17 | |
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A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin.
2021-1-1 07:30 | |
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A data analysis shows crypto press release wires are dominated by scam-linked projects, hype-driven content and low-impact announcements, raising concerns about credibility and media trust.
Fasial Tariq, co-founder of Paradox Metaverse dubbed a “Ponzi” by crypto investigator Coffeezilla, has been linked to what UK authorities call the world’s largest seizure of illegal weight-loss drugs.
How did the Chinese cryptoqueen build a $6.5 billion Bitcoin empire before her arrest exposed one of the largest crypto crimes in history? Chinese cryptoqueen’s billion-dollar scam exposed Crypto’s long history with scams has added another chapter, one that stretches…
Zambia crypto crime
Binance warns of scammers impersonating its support after $91 million BTC theft.
A case from Australia saw 15 victims lose $2.5 million. Scammers target the elderly.
Scammer stole $4 million from Coinbase, but was not very diligent in covering up his trail.