BTCManager Logo with clear background. Orange and white font.

BITCOIN PRICE: 3,478.54     HIGH: 3,633.20     LOW: 3,424.46

=
BTCManager.com
advertisement
Next Event

NEXT BLOCK Conference “From Chaos To Clarity: 2019 Trends” • December 12, 2018

Bringing together over 350 participants and 20+ distinguished speakers, the Conference will hear from top blockchain experts looking into 2019…

Click for more details
advertisement

Tag: South Africa

South Africa: Crypto Exchange Platform VALR Launched in Partnership with Bittrex

Category: Altcoins, Bitcoin, Business, Development, Exchange, News, Platform

South Africa: Crypto Exchange Platform VALR Launched in Partnership with Bittrex

Farzam Ehsani, former blockchain lead at Rand Merchant Bank (RMB), has launched his new business initiative named VALR, reports Tech Central, on December 6, 2018. Based in South Africa, VALR is a digital asset trading platform which has been launched in partnership with crypto exchange trading platform Bittrex. VALR to Offer One of the Largest Selections of Digital Assets According…

READ MORE

Thieves Kidnap, Drug, Beat, and Torture a South African Bitcoin Enthusiast

Category: Bitcoin, Crime, News

Thieves Kidnap, Drug, Beat, and Torture a South African Bitcoin Enthusiast

A South African man was recently kidnapped by a group of five people in Soweto who went as far as to drug and torture him to get access to his cryptocurrencies according to December 2, 2018, reports. Bitcoin Presentation Soweto Urban reported that on November 16, 2018, a man from Lanseria was kidnapped by two women and three men who…

READ MORE

South African Reserve Bank Wins Fintech Award for testing the Distributed Ledger Technology

Category: Altcoins, Blockchain, Ethereum, Exchange, Investment, News, Tech

South African Reserve Bank Wins Fintech Award for testing the Distributed Ledger Technology

Blockchain, or distributed ledger technology (DLT), is growing faster than a speeding bullet. After a period of ostracization and criminalization, the technology behind Bitcoin is now being used by the Banking industry. Regulations Catching Up According to Central Banking, this Thursday, the South African Reserve Bank (SARB) was awarded the ‘Best Distributed Ledger Initiative’ prize for its distributed ledger-based project…

READ MORE

South African Revenue Service (SARS) Intensify Efforts to Clampdown on Cryptocurrency Tax Evaders

Category: News

South African Revenue Service (SARS) Intensify Efforts to Clampdown on Cryptocurrency Tax Evaders

Since implementing the cryptocurrency tax regulation back in April 2018, the South African Revenue Service (SARS) appears not to be satisfied with the level of tax remittances by cryptocurrency investors in the region. MyBroadband reported on August 19, 2018, that the SARS is currently looking for the best way to identify cryptocurrency tax evaders. Bitcoin Traders to be Tracked Per the report,…

READ MORE

South Africa’s Sygnia Joins the Bitcoin Bandwagon, Set to Launch Own Cryptocurrency Exchange

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

South Africa’s Sygnia Joins the Bitcoin Bandwagon, Set to Launch Own Cryptocurrency Exchange

The African continent is not ready to occupy the back seat in the blockchain and cryptocurrency revolution, as several firms in the region are contributing their bit to the crypto movement. On May 25, 2018, Johannesburg-based Sygnia investment firm has hinted it’s starting a blockchain-powered virtual currency exchange by the end of 2018. SygniaCoin Per BusinessTech, Sygnia CEO, Magda Wierzycka…

READ MORE

advertisement

South Africa Central Bank: “Cryptocurrencies Don’t Meet Requirements For Money”

Category: Altcoins, Bitcoin, Commentary, Finance, News, Regulation

South Africa Central Bank: “Cryptocurrencies Don’t Meet Requirements For Money”

South Africa is the latest country to try and classify cryptocurrencies as it looks to regulate the industry and generate income tax. According to the country’s Central Bank, digital currencies such as bitcoin (BTC) are mere “cyber-tokens” that don’t meet the criteria to be categorized as money. South African Cryptocurrency Classification According to Francois Groepe, the Reserve Bank Deputy Governor,…

READ MORE

South African Authorities Investigate $80 million Bitcoin Scam

Category: Altcoins, Bitcoin, Finance, News

South African Authorities Investigate $80 million Bitcoin Scam

On May 25, 2018, South African authorities announced further information of an ongoing investigation of a cryptocurrency scam that has cost investors one billion rands ($80 million). False Claims and Investor Pitfalls According to Reuters, South African police mentioned that the investigation involved BTC Global, a cryptocurrency trading company. The cryptocurrency company told clients they would earn substantial returns starting…

READ MORE

South African Kidnappers demand Ransom in Bitcoin for Abducted Teen

Category: Bitcoin, Crime, News

South African Kidnappers demand Ransom in Bitcoin for Abducted Teen

A South African gang who recently abducted a teenage boy, have on Sunday, May 20, 2018, demanded ransom in the form of bitcoin of approximately $120,000. According to Reuters, Katlego Marite 13, on Sunday afternoon, while playing with his friends in Frangipani Street, Tasbetpark Extension 3, Witbank, was suddenly dragged into a car. As reported by The Guardian, witnesses stated…

READ MORE

South Africa to See Its First Cryptocurrency ATM

Category: Altcoins, Bitcoin, Business, Ethereum, News

South Africa to See Its First Cryptocurrency ATM

The potential and benefits of bitcoin and other cryptocurrencies are limited to one very critical factor – real-world adoption. The absence of which could also severely impede the growth of a decentralized economy. Moving forward in this regard is South Africa, which will soon be installing a cryptocurrency ATM for its citizens. Move Over Fiat, Bitcoin Is “In” According to…

READ MORE

Bitcoin and Cryptos to be Taxed, Says South African Revenue Service

Category: Altcoins, Bitcoin, Mining, News, Regulation

Bitcoin and Cryptos to be Taxed, Says South African Revenue Service

Based on a statement published by the South African Revenue Service (SARS) on its website, on April 6, 2017, cryptocurrency holders will now need to pay taxes on their holdings. By virtue, South Africa is now one of the countries where the government has issued a definitive ruling on the issue of cryptocurrency taxation. South Africa remains one of the…

READ MORE

Join our Telegram Channel!