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Luno now lets South Africans earn interest on Bitcoin and Ethereum

Cryptocurrency exchange Luno has announced that its customers can now earn interest on Bitcoin, Ethereum, and USDC. ....

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Bitcoin settles around $56,000 after record $61,000 over weekend

Bitcoin settles around $56,000 after record $61,000 over weekend
The world’s most popular cryptocurrency, Bitcoin, surged to a record $61,000 (+/- R900,000) at the weekend. The controversial cryptocurrency seems to be gaining traction with more investors on a daily basis, with influential tech heavyweights such as Elon Musk sticking his hand up and declaring himself a fan. His electric vehicle manufacturer, Tesla, has bought $1.5bn worth of the cryptocurrency. Still, many remain sceptical of bitcoin. Despite the record high, it ‘retreated in the following days’, according to reporter Eric Lam. Speaking to Bloomberg, Luno’s Vijay Ayyar says the volatility is due ‘to investors taking some profit after Bitcoin’s recent run’. – Jarryd Neves ....

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South African crypto exchanges move headquarters overseas due to uncertainty over government regulation

South Africa’s cryptocurrency exchanges say they are having to move headquarters abroad due to uncertainty over potential government regulation. ....

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Crypto havens lure firms fleeing regulator angst in South Africa

The world’s biggest cryptocurrency scam of last year was a jolt to South Africa’s regulator – and not everyone will wait to see how it shakes out. ....

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South Africans join bitcoin craze

South Africans have been getting into the bitcoin craze. South Africa’s largest cryptocurrency, Luno, reported on Monday that it had added a million users to its ranks in seven weeks ....

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