Eskom’s plan to sell surplus electricity to cryptocurrency miners at a discount has drawn support from the crypto sector, but whether it works will depend on the size of the discount, who else qualifies and how miners are made to switch off when the grid is under pressure, says Steven Boykey Sidley, a partner at…
Africa Bitcoin Corporation (ABC) founder Warren Wheatley. Africa Bitcoin Corporation (ABC) co-founder Warren Wheatley has resigned as CEO, weeks after being slapped with a R5 million fine and 20-year debarment over share trades he says involved just 50 shares worth R301. Wheatley was placed on precautionary suspension late last month, with well-known tech personality Stafford…
Warren Wheatley Warren Wheatley has resigned as CEO and as an employee of Africa Bitcoin Corporation with effect from 21 September, severing his last remaining ties to the JSE-listed company he founded. The company said in an investor statement on Tuesday morning that the board had accepted the resignation. Wheatley had been on precautionary leave…
In my last column, I parked one objection to bitcoin for another day: the energy it consumes. That was mostly because it was an unfair argument to begin with. But let’s try to put it to bed. The honest answer, five years after the outrage peaked, is that the world has moved the goalposts, thanks…
From left, Warren Wheatley, who has resigned from the board of Africa Bitcoin Corporation, and Stafford Masie, who has been appointed as interim CEO The chief executive of Africa Bitcoin Corporation, the JSE-listed company formerly known as Altvest Capital, has been debarred by the Financial Sector Conduct Authority and has resigned from the board. Warren…
Bitcoin was on track for a weekly gain of around 23% Friday, following a spate of positive developments for the world’s largest cryptocurrency. Bitcoin was trading 6% higher at about $77,000, up from about $62,800 at the start of the week. Crypto-linked stocks rose, with Coinbase and Circle advancing more than 9% each. Strategy advanced…
US President Donald Trump. Image: Reuters Cryptocurrency and blockchain-related stocks surged in pre-market trading on Thursday after US President Donald Trump urged congress to pass legislation establishing clear rules for the digital asset sector, following a White House meeting with industry executives. Trump, a vocal cryptocurrency advocate who has promised to make the US the…
I already felt late back in 2017, when I Fomo’d into bitcoin early in the November bull run. But I dove deep into the rabbit hole and – like many others – came out the other side convinced that bitcoin is the hardest money humans have ever invented. The technology has been proven many times…
The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that protects transactions and digital wallets. Quantum computers can solve complex mathematical problems much faster than today’s sophisticated computers, and could be used to unscramble conventional…
SpaceX’s much-anticipated public listing, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky AI stocks scramble to get a slice of the action. Celebrity billionaire Elon Musk’s rocket and satellite communications company — which merged with his AI start-up xAI earlier this…
