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south africa News and Articles


South African Bitcoin exchange VALR raises $50M at $240M valuation


South African-based cryptocurrency exchange VALR closed a $50 million Series B funding round led by Pantera Capital. Funding was also provided by Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, Avon Ventures, Bittrex, and 4Di Capital. The...

Binance South Africa

South Africa Warns About Binance. The Latter Replies


On September 3, South African financial regulatory body, the Financial Sector Conduct Authority (FSCA) urged people against leading crypto exchange operator Binance. The press release, published by the authority, says Binance doesn’t have permission to offer advisory or intermediary services in...

South Africa

Another central bank joins the camp of bitcoin opponents


Many central banks periodically criticize Bitcoin and other digital currencies. Last week, the People's Bank of China criticized digital currencies and urged citizens to stay away from such instruments. The Reserve Bank of South Africa has joined those regulators who refuse to recognize digital...


Former Monero developer arrested by US law enforcement


The former developer of the most anonymous and scandalous cryptocurrency project Monero - Riccardo Spagni, was recently arrested by the US police at the request of South Africa. According to reports, the arrest was made while the man was on the plane while refueling in Tennessee. It is known that...


Two businessmen with $3.5B BTC disappeared in South Africa


The two brothers who founded the South African company Africrypt disappeared with bitcoins totaling up to $ 3.5 billion. As Bloomberg clarifies, businessmen disappeared along with 69,000 BTC. Back in April, one of the brothers, Amir Kaji, announced that his crypto company had been hacked. After...

Alameda Research

Alameda Research funded $4M in prime agent from South Africa


South Africa-based OVEX cryptocurrency prime broker raised $ 4 million from Alameda Research. The company will use the funding received during the strategic investor for staff expansion and international expansion. OVEX identified the UK, UAE, Canada, Kenya, and Nigeria as the most interesting...

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