B2B Central

Cryptocurrency

06 Nov 2024

Why it’s hard to just say no to crypto

By Staff Writer

By: Siobhan Cassidy, MoneyMarketing contributor As anticipated, 2024 has been a pivotal year for cryptocurrencies (cryptos) in South Africa. While the newly regulated asset class is not yet mainstream, investors will increasingly expect advisers and other service providers to have well-informed views on adding crypto to their portfolio or, indeed, excluding cryptos. Cryptos continue to...
28 Jul 2023

Is the risk of cryptocurrency worth it?

By Staff Writer

By: Fred Razak, Chief Trading Strategist at CMTrading The cryptocurrency landscape was rocked recently when the US Securities and Exchange Commission (SEC) took legal action against Coinbase and Binance – two of the largest crypto exchanges – regarding market capitalisation. This development has sent shockwaves throughout the crypto world and traditional banking systems. What’s happening? While Binance...
06 May 2022

Sunshine golf tour to offer prize money in Bitcoin

By Staff Writer

The top three golf professionals on the leaderboard at the end of the 2022 Sunshine Tour will receive substantial prizes in Bitcoin.
14 Mar 2022

What keeps cryptocurrency auditors awake at night?

By Staff Writer

Cryptocurrency, a new and emerging asset class – valued at around $1.7tn – is being retrofitted into existing rules and regulations that are not tailored to govern the unique way in which it operates.
22 Feb 2022

Developments in UK crypto space could provide clues into SA’s crypto regulation plans

By Staff Writer

The proposals from the FCA consider ‘qualifying crypto-assets’ to be classified as high-risk and treated in the same way as peer-to-peer loans and non-readily realisable securities.
21 Feb 2022

Beginners guide to crypto investing

By Staff Writer

Cryptocurrency, or more generally tokens, are forms of digital assets that circulate without requiring a centralised monetary authority such as a bank.

17 Nov 2021

Social influence should not be a reason to invest in cryptocurrencies

By Staff Writer

Be cautious to follow the lead of social media influencers, ensuring you do further due diligence before you invest in any recommendations.
17 Aug 2021

SA takes on non-compliance in the crypto tax space

By Staff Writer

While the population of cryptocurrency in South Africa has soared in recent years and the past few months in particular, the South African Revenue Service (SARS) is seemingly beginning to play hardball when it comes to outstanding tax liability.
27 Jul 2021

Crypto is no gold

By Staff Writer

Bitcoin and a slew of other cryptocurrencies are gaining traction as alternatives to fiat currencies as mediums of exchange. William Fraser, portfolio manager at Foord Asset Management, asks whether they might also challenge gold as the ultimate store of value.
28 Jun 2021

The CURRENCY HUB crypto-arbitrage active strategy

By Staff Writer

Cryptocurrency-arbitrage made its way into the mainstream in 2020 and affords South African investors a unique opportunity to accumulate quick profits from cryptocurrencies with low-risk returns. That said, while there are several operators out there, the selection of your service provider should be a thorough one for obvious reasons.

24 Jun 2021

FSCA "aware of concerns" around Africrypt

By Staff Writer

The FSCA confirms that it is aware of the concerns regarding investments made by the public in Africrypt (Pty) Ltd. and that it is continuing to investigate complaints for indications of whether or not a financial product or service was offered to the public, which would have required Africrypt to be registered with the Authority.

23 Jun 2021

Bitcoin bashers and crypto cynics are wrong, says deVere Group

By Staff Writer

Bitcoin and other cryptocurrencies have experienced a major sell-off this week following China’s crackdown on the sector, but the “crypto haters” are wrong to dismiss the digital assets, according to Nigel Green, chief executive and founder of deVere Group.