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Tag Archives: African

Kidnapped South African Tycoon Released for 50 Bitcoins Ransom: Report

A South African businessman whose captors had allegedly demanded bitcoins as ransom has been freed. Liyaqat Parker, a businessman based in Cape Town, South Africa, was released on Monday according to a statement issued by his family. However, the circumstances of his release, including whether the bitcoin ransom was paid, remain unclear as his family declined to divulge further information. ...

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African Regulators Taking ‘Wait-and-See’ Approach on Cryptocurrency: Ecobank

African countries want to regulate cryptocurrency, but hardly any one wants to take the lead in responding to the meteoric rise of this technology and asset class. That’s according to a new report from the Togo-based Ecobank, the leading independent regional banking group that serves nearly 40 countries in West and Central Africa. The report, which examined the regulatory response ...

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Crypto Exchange to Target African Market by Offering Low Transaction Fees

An “advanced and robust” trading platform is vowing to help emerging economies embrace cryptocurrencies and blockchain technology — in the hope that inclusion and education will bring economic freedom to the masses. KuBitX claims that there is widespread reluctance to learn about crypto, compounded by a lack of knowledge and resources for those who want to discover more. The company ...

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African Cryptocurrency Firms Raise Capital Despite Regulatory Hurdles

African blockchain and crypto businesses have been raising funding despite regulatory issues in some markets. A new report by Weetracker highlights that most of the capital raises and moves towards ICOs have predominantly been in South Africa, Kenya and Zimbabwe. The report looks at the first quarter 2018 activity across the continent. It also notes that African fintech start-ups have ...

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Swiss NGO to Accept Crypto Donations for Food, Healthcare, Education for African Children

Crypto software development program KryptoPal will work with Swiss NGO help2kids to provide software for accepting cryptocurrency donations, according to a press release shared with Cointelegraph Tuesday, June 26. Help2kids provides food, healthcare, and education to children in both Malawi and Tanzania, with 750 kids in the help2kids network in Tanzanian capital Dar es Salaam. KryptoPal will set up a ...

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Blockchain Has Benefits for African Markets, Says Alexander Forbes CEO

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The chief executive officer of one of Africa’s biggest and diversified financial and insurance company, Alexander Forbes, has told CCN that there are benefits in deploying blockchain technology in corporate operations. The company’s chief executive officer, Andrew Darfoor, told CCN in Harare on Friday that blockchain is an exciting ...

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$14.5 Bln South African Investment Firm to Launch Crypto Exchange

Sygnia Asset Management, a major South African investment firm with 180 bln rand ($14.5 bln) under management, has revealed that it will launch a cryptocurrency exchange later this year, BusinessTech reported May 25. Sygnia CEO Magda Wierzycka said the company would launch its cryptocurrency exchange, dubbed ‘SygniaCoin,’ in the third quarter of 2018: “The cryptocurrency market is evolving at a ...

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South African Authorities Investigate $8 Million Crypto Investment Scam

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. South African authorities are investigating a company called Bitcaw Trading Company for investment fraud following a loss of more than 1 billion rand (approx $8 million) affected 28,000 people, according to a news release from the South African Police Service. A unit called the Serious Economic Offenses Unit ...

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South African Investment Firm Sygnia to Launch Cryptocurrency Exchange

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Sygnia Asset Management, a major investment firm in South Africa, has announced that it will launch a cryptocurrency exchange later this year. Regional business news outlet BusinessTech reports that the firm, which currently has R180.6 billion ($14.5 billion) in assets under management (AUM), plans to open the ...

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