Tag Archives: Africas

Bitcoin and Ethereum market caps now the same as South Africa’s GDP

The combined market caps of Bitcoin and Ethereum now equal South Africa’s GDP. Following Bitcoin’s price breaching $14,000, its market cap increased to $254 billion. Ethereum has a market cap of $42 billion, which means their combined market cap is $296 billion. This is roughly the same as South Africa’s GDP in 2016, which was […]

Assessing the cryptocurrency landscape | IT News Africa – Africa’s Technology News Leader

November 21, 2017 • East Africa, Finance, North Africa, Online & Social, Opinion, Southern Africa, Top Stories, West Africa Assessing the cryptocurrency landscape The evolution of cryptocurrencies means there is potential to be “incredibly surgical” in terms of regulation and the enforcement of transparency, but regulators are still facing resource constraints and other limitations in […]

South Africa’s Bidorbuy Sees Six Fold Increase with Bitcoin

Emerging Markets With run-ups in bitcoin’s price setting record highs this year, South Africa’s business sector is beginning to come online, growing the nation’s bitcoin ecosystem. Bidorbuy, South Africa’s version of Ebay, was a relatively early company into the space, beginning in Spring of last year. Since then, the company reports sales […]

How to buy South Africa’s newest cryptocurrency

South African cryptocurrency startup Project UBU has launched its initial token sale (ITO), letting investors purchase its UBX tokens. UBX is an ERC-20 token which runs on the Ethereum blockchain and represents a stake in the Project UBU platform. Project UBU is a basic universal income project which aims to reduce poverty in sub-Saharan Africa […]

South Africa’s 2nd Largest Retailer Tests Payments

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. South Africa’s second-largest supermarket chain store, Pick n Pay, recently started accepting bitcoin in one of its stores, according to an announcement made by payments software development firm Electrum. The goal is to, presumably, test how Pick n Pay’s customers react to the […]

South Africa’s Central Bank: It’s ‘Too Risky’ to Launch a Cryptocurrency

A senior official for South Africa’s central bank has said it’s “too risky” for the institution to launch its own cryptocurrency. Speaking during the Strate GIBS FinTech Innovation Conference 2017 on Monday, the deputy governor of the South African Reserve Bank, Francois Groepe, commented on developments in the fintech space, taking a particular focus on blockchain and distributed ledgers. […]

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