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Nalezeno "african": 668

South African Firms Ordered to Cease and Desist in 2 US States for Crypto Debit Card Fraud

17.8.2020
Two U.S. states have issued emergency cease and desist orders to South African firms and a South African national promoting a cryptocurrency debit card scheme. The companies claim that the card is like a traditional Mastercard but the states say the scheme is fraudulent. South African Firms...

High Fees Make BTC Less Appealing for Remittances in Africa: ‘Pray Blocks Happen Quickly’

13.8.2020
Bitcoin trading volumes are on the rise on the African continent despite the ongoing concerns about the high network fees. Data shows peer to peer bitcoin trading platforms recorded spiked growth in volumes starting in April. This was the same time as many countries implemented lockdown measures....

South African Bitcoin Investment Company Faces Fresh Scam Allegations

4.8.2020
FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam. The company says it uncovered this after researching into MTI, a firm that claims to have “118,027...

Ignorance and Greed Sustain Cryptocurrency Scams in Nigeria

28.7.2020
Nigeria is not only Africa’s biggest cryptocurrency market but is also a leading adopter of digital currencies globally. Official figures show the country is well ahead of fellow African countries. Citizens of the West African state use cryptocurrencies for cross border payments as well...

South African Exchange Valr Raises $3.4 Million in a Series A Funding Round

22.7.2020
A South Africa based cryptocurrency exchange, Valr has just raised $3.4 million in a Series A funding round led by 100x Group, the parent company to Bitmex. The funding round, in which 4Di Capital also participated, however, does not change Valr’s controlling shareholder structure. In...

BitMEX Owner Leads $3.4M Round for South African Crypto Exchange

21.7.2020
BitMEX owner 100x said investing in VALR’s Series A would bring exposure to the fast-growing South African market

BitMEX-affiliated Firm Leads USD 3.4m Investment in S African Exchange

21.7.2020
The investment arm of a new company operated by the creators of derivatives platform BitMEX, has spearheaded a USD 3.4-million cash injection in VALR, one of Africa’s biggest crypto exchanges. Per a press release shared with Cryptonews.com, the Series A equity round of funding in the VALR exchange...

South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations

16.7.2020
Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging...

Texas Regulators Take Aim at South African Cryptocurrency MLM Scheme

9.7.2020
The Texas State Securities Board has successfully shut down the operations of an illegal cryptocurrency investment scheme

South African Crypto Investment Company Issued Cease And Desist Order In Texas

9.7.2020
The Texas State Securities Board (TSSB) issued a cease and desist order Wednesday against on Mirror Trading International (MTI), Forexandbitcoin.com and four individuals involved in a multi-level marketing scam. Out of the four individuals, Cornelius Johannes Steynberg is a resident of South...

Texas Securities Regulator Accuses South African Trading Pool of Crypto Fraud

8.7.2020
Texas' securities watchdog ordered Mirror Trading International to cease operations, alleging the South African bitcoin and forex "investor club" is a multilevel marketing scam

South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt

7.7.2020
A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states. Willie Breedt is the CEO of the defunct Vaultage Solutions (VS), the company at the center...

South African Solar Energy Blockchain Startup Raises $3 Million, Plans to Expand Across Continent

9.6.2020
The blockchain peer-to-peer renewable energy platform has now closed its $4 million Series-A funding round

Opportunities for Blockchain-Based Technologies in African Healthcare

7.6.2020
Emerging technologies such as blockchain can dramatically improve the situation with the healthcare industry in Africa by its implementation

How Bitcoin Can Help the African American Community

7.6.2020
According to author Isaiah Jackson, establishing economic strength could help the black community in ways protesting on the street can’t

African P2P Volume Beats Out Latin America for First Time

22.5.2020
African P2P volumes are surging, posting the second-largest weekly regional trade for the first time on record

South Africa Leads Crypto Revolution in Africa – Challenges Spur and Slow Adoption

22.5.2020
Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African...