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“#Don’t let the Omicron bug in, Joe!” Joe Biden ran for president saying he was the best person to handle the COVID-19 outbreak. His performance has been middling at best, and he needs to step up to face the most important challenge of his term so far — a dangerous new strain of the virus…
“# Zimbabwe minister signals CBDC interest amid Bitcoin adoption rumors ” Zimbabwe’s Minister of Information publicly dismissed ongoing rumors about the country considering the adoption of cryptocurrencies and Bitcoin (BTC). Rather, Minister Monica Mutsvangwa clarified that the government of Zimbabwe is keen to experiment with a central banking digital currency (CBDC). The rumor about Zimbabwe’s…
“# Binance pushes back against warning from South Africa regulator ” In response to a warning from South Africa’s Financial Sector Conduct Authority, major cryptocurrency exchange Binance has said it is in compliance with local regulators and is not offering financial advice or intermediary services to residents. In a Friday statement from Binance, the crypto…
“# Kaspersky ranks cryptojackers among top malware threats in Africa ” Russian cybersecurity firm Kaspersky has detected more than 1,500 fraudulent entities targeting potential crypto investors and miners just in the first half of 2021. Kaspersky’s research shows that 0.60% of users from South African countries have already been targeted by malicious crypto miners. The…
“# South Africa’s financial regulator issues warning against Binance ” South Africa’s Financial Sector Conduct Authority (FSCA) has warned the country’s public against dealing with crypto exchange platform Binance. In a statement issued on Friday, the FSCA stated that Binance Group, an “international company” domiciled in Seychelles, was not authorized to render financial services in…
“# Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot ” The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, will prototype shared platforms enabling direct transfers between institutions using digital currencies issued…
“# Crypto does not qualify as currency, says South Africa’s central bank governor ” Lesetja Kganyago, governor of the South African Reserve Bank (SARB), has argued against classifying crypto as currencies. According to a report by MoneyWeb, the central bank chief likened crypto to assets rather than currency during an interactive session at the Wits…
“#Facebook, Google build undersea internet cables for Asia and Africa” Facebook and Google are building undersea internet cables around the world — and are betting that the investments will bring in millions of new customers. Facebook revealed Sunday that it is helping build a 7,500-mile cable connecting countries including Japan, Indonesia, the Philippines and Taiwan….
“#Meet the Zimbabwean sommeliers breaking barriers, one cork at a time” JOHANNESBURG – When Zimbabwean Tinashe Nyamudoka left his homeland to work as a waiter in a restaurant in neighboring South Africa he had never tasted wine. Now, 11 years later, he is a renowned sommelier with his own brand. Nyamudoka, 36, stars in a new documentary…
“# South African asset manager denies stealing billions from users, claims $5M was lost in hack ” Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor funds, asserting the platform lost $5 million in a hack. Last week, Cointelegraph…