Bitget partners with Callpay to enable ZAR deposits and withdrawals, enhancing crypto accessibility in South Africa with secure, user-friendly transactions. Bitget, a well-known cryptocurrency exchange, has announced its partnership with Callpay, a trusted payment provider. The joint venture lets users handle deposits and withdrawals in South African Rand (ZAR). The new service aims to offer better access while streamlining the cryptocurrency trading process that involves South African Rand...
Read More »Bitcoin Joins Altvest Capital’s Balance Sheet in Landmark Treasury Strategy Shift
Altvest Capital Limited has become the first publicly traded company in Africa to adopt Bitcoin as a strategic treasury asset. The company announced its initial investment in Bitcoin (BTC) as part of a broader treasury management strategy, which aims to strengthen financial resilience, preserve shareholder value, and gain direct exposure to the world’s largest crypto asset. Bitcoin as Treasury Asset The company cited Bitcoin’s characteristics as its motive behind the...
Read More »Is Cryptoqueen Ruja Ignatova Alive and Hiding in South Africa? (Report)
One of the most popular individuals in the crypto world (and not for good reasons), Ruja Ignatova, also known as the “Cryptoqueen,” is the founder of the fraudulent scheme OneCoin, which embezzled over $4 billion from victims. Ignatova is considered the mastermind of the scam, but her whereabouts have remained unknown since she was last spotted in Greece in 2017. Many conspiracy theories indicate that she might be dead or hiding on a luxurious yacht in the Mediterranean Sea....
Read More »Crypto Exchanges in South Africa Must be Licensed By November 30, Says Regulator: Report
South Africa’s financial regulator has asked exchanges operating in the country to obtain a license before the end of 2023. Crypto firms who fail to adhere to the directive before the deadline could be fined or have their businesses closed down by authorities. New Licensing Regime in South Africa The Financial Sector Conduct Authority (FSCA) has required crypto exchanges in South Africa to secure a license before the November 30 deadline. According to FSCA Commissioner Unathi...
Read More »Bitcoin Africa: Gearing African businesses to compete in the global marketplace
The adoption of blockchain technology has gained traction in South Africa, Kenya, Nigeria and Ghana – resulting in more efficient and lower-cost cross-border payments to facilitate African businesses conducting trade abroad. This shift can be attributed to an increase in global ratification of the technology where approximately 44% of the top 100 public companies, including tech giant Amazon, Tencent, Nike and MacDonalds. More and more businesses are venturing towards the new technology...
Read More »South Africa Regulator Takes Action Against False Crypto Advertising Claims
On January 23, South Africa’s Advertising Regulatory Board (ARB) introduced new cryptocurrency-focused rules into the nation’s advertising code to protect consumers from misleading advertising. The new guidelines aim to ensure that cryptocurrency advertisements accurately state the risks involved with all cryptocurrency investments, making it clear to consumers that they stand to lose their capital due to market volatility. “Advertisements must expressly and clearly state...
Read More »Major South African Supermarket Chain Accepts Bitcoin Payments (Report)
One of the largest supermarket chains in South Africa – Pick n Pay – reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company’s stores located across the country. The National Children’s Advocacy Center also hopped on the bandwagon, allowing people to donate digital assets. The Latest to Catch the Wave Pick n Pay hinted about the new payment option months ago when it trialed it in ten of its stores....
Read More »Sunshine Tour’s Best Golfers to Win Bitcoin Awards
Sunshine Tour – a professional golf tournament held in Southern and Eastern Africa – partnered with Luno to bring cryptocurrencies closer to the participants. Apart from prizes in fiat currency, the top golfers will receive awards in bitcoin. BTC Reaching the Golf Course The primary cryptocurrency keeps making its way through the sports industry. The latest such example came from the prestigious golf championship – Sunshine Tour. The tournament, based in numerous African...
Read More »Nelson Mandela’s Original Arrest Warrant Sold for $130K as NFT
Non-fungible tokens continue to be used for some humanitarian reasons, and the latest example came from South Africa. A digital collection of Nelson Mandela’s original arrest warrant from over half a century ago was sold for more than $130,000 to fund a heritage site. Mandela NFT Sold for $130K Prior to becoming South Africa’s first black president, Nelson Mandela was a part of a political organization (African National Congress – ANC), in which he became a leader of...
Read More »South African Police Launch Investigation into Alleged Crypto Fraud
The police in South Africa are looking into a possible crypto scam case after an investment company attempted to reimburse some investors from the now-defunct Africrypt exchange. Police Launch Closer Look at Africrypt Bloomberg informed that South African Police forces across four provinces, including Durban and Johannesburg, are currently investigating reports in connection to the alleged Africrypt scam from 2021 involving co-founder brothers Raess and Ameer Cajee. The...
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