Altvest follows Michael Saylor’s strategy, becoming Africa’s first bitcoin treasury reserve
Altvest changes its name to Africa Bitcoin Corp and plans to raise R3.68bn ($210m) to invest in Bitcoin. The two men behind the project, Altvest CEO Warren Wheatley and tech entrepreneur Stafford Masie, explain this radical new approach to building what they see as bullet-proof balance sheets. Moneyweb Crypto news articles
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What if South Africa’s access to SWIFT is threatened?
The SA Reserve Bank says the threat of being excommunicated from SWIFT is likely to focus certain individuals rather than the country as a whole, but we should not take this lying down, says 80eight CEO Faadil Moti, as the experience with Russia and Iran shows that events can escalate quickly. Moneyweb Crypto news articles
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Are the banks warming to crypto?
Warren Deats, chief investment officer at Geddes Capital, explains that banks are likely far closer to entering the crypto space than many realise. Deats, himself a former banker and a crypto sceptic, says he understands the banks’ hesitancy when it comes to crypto, but argues they cannot delay their entry to the crypto space much longer. Moneyweb Crypto news articles
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How to talk to a family member caught up in an online scam
If they’ve seen a video of Elon Musk or Cyril Ramaphosa or any other celebrity
telling them how to turn R4 500 into R20 000 in a month, it’s a scam says Gerhard van Deventer, head of enforcement at the Financial Sector Conduct Authority. Moneyweb Crypto news articles
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Look out JSE, here come tokenised stocks
Both VALR and Luno have launched tokenised stocks in SA, allowing South Africans to purchase exposure to US equities like Tesla and Nvidia without having to use their foreign allowance. It’s part of an accelerating trend where cryptocurrencies are gatecrashing the traditional finance space, explains VALR chief operating officer Gianluca Sacci. Moneyweb Crypto news articles
Moneyweb Crypto explores all things crypto and blockchain: the good, the bad and the impossible. If you're looking to invest in cryptocurrencies, or understand this evolving universe, you're in the right place.
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