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…
The Johannesburg High Court found that crypto-currency is subject to current forex rules. (Graphic: Nicola Mawson | Freepik) As government pushes ahead with plans to regulate cross-border crypto-currency flows, two High Court judgements have reached opposing conclusions on whether digital assets already fall within South Africa’s existing exchange control framework – leaving crypto holders in…
For years, one question in South Africa’s crypto debate has been deceptively simple: if bitcoin is bought in South Africa and moved to a wallet linked to an offshore custodian, has capital left the country? The latest High Court ruling brings that question into focus — not as a debate about what bitcoin is, but…
Africa Bitcoin Corporation, the JSE-listed company formerly known as Altvest Capital, is moving its listing from the bourse’s junior market to the main board. The company said the JSE has approved its application to transfer its securities from the Alternative Exchange, or AltX, to the main board, where it will be classified under the general…
A cryptocurrency investor who was locked out of his Bitcoin wallet for over a decade has successfully used Anthropic’s Claude AI to crack his own encryption, reclaiming access to a fortune worth R6.55 million ($399,404). Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: AI trends shifting! The user, posting under the handle @cprkrn on X,…
Africa Bitcoin Corporation holds 5.0246 Bitcoin in its corporate treasury as it advances a long-term strategy to accumulate digital assets on its balance sheet. The company, listed on the Johannesburg Stock Exchange, has set a target of holding 21,000 Bitcoin by 2030, a level that would make it the largest African-listed corporate holder of the…
Bitcoin is now worth $68 705, still off its high of $126 220. (Graphic: Nicola Mawson | Freepik, Pexels & US Govt.) As the war in the Middle East rages on and oil continues its surge, having hit $119 a barrel last week, Bitcoin is up 6.5% month-on-month, and some analysts and researchers say it…
Bitcoin’s short-lived bounce faded on Wednesday as the volatility in the world’s largest cryptocurrency continued. Bitcoin was trading at around $66,975.00 at 8:31 a.m. ET on Wednesday. The digital coin has been on a downward trajectory since hitting an all-time high above $126,000 in October with the sell-off intensifying over the last month. Bitcoin dropped…
South Korean cryptocurrency exchange Bithumb said at the weekend that it had accidentally given away more than US$40-billion worth of bitcoin to customers as promotional rewards, triggering a sharp selloff on the exchange. Bithumb apologised for the mistake, which took place on Friday, and said it had recovered 99.7% of the 620 000 bitcoin, worth about…
