Moneyweb Crypto

Frank Leonette, CEO of AfriDAX, delves into the imminent arrival of banks into the crypto space in SA, a surprising and ironic turnaround given their prior hostility to this new asset class. There are risks aplenty for customers, and not everyone will welcome the banks. Moneyweb Crypto news articles

Rob Price, CEO of Sound Money, takes us through some of the extraordinary leaps in quantum computing in recent months and what threat this poses to Bitcoin's cryptography – and how bitcoiners are responding. Moneyweb Crypto news articles

Jon Ovadia, CEO of OVEX, gives his predictions for bitcoin as a rush of companies concerned about financial uncertainty stack BTC on their balance sheets. He also explains how OVEX is building a world-first "neo bank" built on crypto rails. Moneyweb Crypto news articles

This could lead to a free-for-all, with crypto transfers abroad not subject to SA Reserve Bank approval – at least until the loophole is closed. Wiehann Olivier of Forvis Mazars takes us through the likely implications. Moneyweb Crypto news articles

The recent hack of crypto exchange Coinbase, where criminals working with rogue insiders managed to get access to customer information and demanded $20m to keep it quiet, is an example of how KYC can go wrong, says Shiven Moodley, macro strategist at 80eight. Moneyweb Crypto news articles

David Farelo, CEO of Currency Hub, explains how the buying and selling of cryptos between local and overseas exchanges has gone mainstream as wealth and fund managers are looking for relatively low-risk returns that outperform. Moneyweb Crypto news articles

Tether made more than $13bn in profits in 2024 with just 150 employees, more than BlackRock and on par with Goldman Sachs. Now, it is moving into open-source AI. Omer Iqbal, CEO of FiveWest, explains. Moneyweb Crypto news articles

Craig Stoehr, general counsel for Yellow Card, talks about the incredible rise of US dollar-backed stablecoins like Tether and USDC and how they offer a lifeline for Africans trapped in countries with fatally weakened local currencies. Moneyweb Crypto news articles

Sam Mkhize, head of compliance at Binance SA, explains how AI is evolving at a blistering pace, allowing scammers to clone your voice and image, and how crypto exchanges are using AI to fight back. Moneyweb Crypto news articles

Tariff wars and gold at an all-time high have rattled financial markets. This could push the rand to R22.25 to the dollar and bitcoin to $65 000, says Shiven Moodley, macro strategist at 80eight. Moneyweb Crypto news articles

Brent Petersen, chair of the Crypto Asset Association of SA, explains how new regulations piled on top of the recently completed licensing process could throttle growth for some firms just beginning to find their feet. And what we've learnt about the crypto industry in the last five years. Moneyweb Crypto news articles

Henco Vorstman, CEO of ChainEx, one of the smaller exchanges in SA, explains why investors and traders often prefer a small exchange – low fees, good arbitrage opportunities, and personal service to name a few. And how the banks remain inexplicably hostile to crypto. Moneyweb Crypto news articles

Hundreds of homebuyers are taking the banks to court for repossessing their homes and selling them for a fraction of their worth. Advocate Douglas Shaw explains how the repossession crisis in SA came about and how blockchain could solve this. Moneyweb Crypto news articles

The world's second-largest crypto exchange, Bybit, was hit by a massive hack attack in February, where thieves from North Korea made off with nearly $1.5bn in ethereum. Carel de Jager, research group leader at the CSIR, has been on the trail of the stolen funds and tells us what he found. Moneyweb Crypto news articles

Gerhard van Deventer, head of enforcement at the Financial Sector Conduct Authority, explains how scams – not always involving crypto – are evolving by the week and how AI has made this a dangerous game for consumers. Moneyweb Crypto news articles

The poor are excluded from housing because they do not qualify for mortgages because credit approvals are based on historical data. Empowa, using the blockchain, has solved this gnarly problem and plans to build one million homes by 2030, explains CEO Glen Jordan. Moneyweb Crypto news articles

Warren Wheatley intends to follow in the footsteps of MicroStrategy's Michael Saylor by pumping cash and borrowings into bitcoin as a way to preserve shareholder value and mitigate currency risk. Moneyweb Crypto news articles

Rob Price, CIO of Sound Money, explains how bitcoin is unfairly maligned as the currency of choice for criminals. Moneyweb Crypto news articles

An Analytico survey puts Luno in the lead, as research leader Wikus Steyn explains, though that's not to say it offers the widest range of crypto or the same number of services as its peers. Christo de Wit of Luno SA also weighs in. Moneyweb Crypto news articles

While new listings on the JSE and other stock exchanges are declining, tokenised assets built on the blockchain are breathing fresh life into financial markets, explains Connie Bloem, MD of Mesh.Trade. Moneyweb Crypto news articles

Bitcoin more than doubled in price in 2024, as it did in 2023. It's no wonder fund managers are eyeing these returns with envy, says Shiven Moodley, macro strategist at 80eight. Moneyweb Crypto news articles

CEO and founder Frank Leonette explains how it differs from the existing crypto exchanges. Moneyweb Crypto news articles

Wiehann Olivier, partner and head of fintech and digital assets at Forvis Mazars South Africa, explains how exchange control supervision by the Reserve Bank is yet to catch up with the technological capabilities of decentralised blockchains. Moneyweb Crypto news articles

Eowyn Chen, CEO of Trust Wallet with 160 million users, explains that keeping your coins on an exchange is much like trusting a bank to look after your cash. That's not always a guarantee of safety. Moneyweb Crypto news articles

JJ Widmaier, co-founder and chief investment officer at Green Era Financial in the US, talks about what he learned in the 2008 financial crash and how financial advisors are warming to crypto as a way to achieve non-correlated growth and assist in crash-proofing client portfolios. Moneyweb Crypto news articles

Bitcoin cracked $100 000 over the last week, dragging a ton of altcoins back to life, with some gaining 300% or 400% in a month. Shiven Moodley, macro strategist with 80eight, explains what's going on. Moneyweb Crypto news articles

Mark Mbugua, SA regional manager for Yellow Card, predicts an explosion in USD stablecoin use across Africa in the next five years because of the ability to move funds in minutes at a fraction of the usual cost. Moneyweb Crypto news articles

Meza Wines has broken new ground with its tokenised wine investment built on the blockchain. Fine wine investments have historically beaten inflation, explains Meza co-founder Siphe Mwanza. Moneyweb Crypto news articles

David Gitonga of BitKE is a force of nature, leading the crusade for crypto adoption across the region. Moneyweb Crypto news articles

There are suspicions that he may not be dead at all. An on-the-scene investigation by Stephen Timm, who went to Brazil to see if Steynberg is alive or dead, exposes more weirdness than we could have anticipated. Moneyweb Crypto news articles

Noah Perlman, chief compliance officer at Binance, talks about how the company is working with law enforcement and regulators to bring crypto into the regulated age. This follows the recent release of Binance founder Changpeng Zhao from imprisonment in the US for violating money laundering rules on the world's largest crypto exchange. Moneyweb Crypto news articles

One way to eliminate fraudulent university degrees is to post them on the blockchain for everyone to see. Two entrepreneurs – Shahid Hussein of Alchemial and Shan Han of Open Campus – are tackling education from different directions and posting the way to a brave new world of learning using the blockchain. Moneyweb Crypto news articles

225 licences have been issued in the last year, more than 100 companies withdrew their applications and eight were declined. Deepfake scams are becoming alarmingly sophisticated, and scammers are making full use of social media to fool the unwitting, says Gerhard van Deventer, head of enforcement at the Financial Sector Conduct Authority. Moneyweb Crypto news articles

This is now one of the longest periods bitcoin has remained trapped in a relatively narrow range. The longer this goes on, the more explosive the move. Shiven Moodley, macro strategist at 80eight, expects a decisive move to the upside in the next few months. Moneyweb Crypto news articles

Stablecoins, backed by real-world assets such as the US dollar, are on a rampage. Jon Ovadia, CEO of crypto exchange OVEX, explains how USD-backed stablecoin Tether, with just 100 employees, recently surpassed Goldman Sachs in terms of profitability. This, says Ovadia, will soon become a multi-trillion dollar business and account for most cross-border transactions. Moneyweb Crypto news articles

Louis Nel, co-host of the G-Crypt social media channel, talks about the emergence of some new and alarming scams, often using crypto vulnerabilities. Moneyweb Crypto news articles

Katie Ananina of Plan B passport explains some recent updates to Portugal's Golden Visa programme that permits an investment into a bitcoin fund as a route to an EU passport. It seems other countries are eyeing this development with interest too. Moneyweb Crypto news articles

Waheed Adam, chairperson of iTouch, explains that the threats from AI and deep fakes are very real, and how one multinational company lost $25 million to a deep fake fraudster pretending to be the CEO. iTouch has developed a digital authentication system using tokenisation to beat this disturbing trend. Moneyweb Crypto news articles

Farzam Ehsani, CEO of crypto exchange VALR, argues bitcoin represents a monumental leap in personal freedom given the inequalities and distortions built into the current financial system. If it is an instrument of freedom, what will that freedom look like? Moneyweb Crypto news articles

Some companies like 80Eight are using crypto not as a speculative investment but as a way to expand business opportunities. Founder and CEO Faadil Moti explains how it's done. Moneyweb Crypto news articles

Carel de Jager, research group leader at the CSIR and CEO of SilverSixpence, says the country will soon be swimming in surplus solar power after years of loadshedding. Bitcoin mining is one obvious solution to this surplus. De Jager takes us through the economics of bitcoin mining. Moneyweb Crypto news articles

Hanres Beukes, CEO and founder of NeoNomad, came up with a plan to ignite mass market crypto adoption - a hybrid exchange blending the best of centralised and decentralised exchanges in a way that is simple and cheap to use. Unless people can spend crypto, adoption rates will remain low, he argues. Here's how he is tackling this market. Moneyweb Crypto news articles