The great blockchain letdown – TechCentral

The great blockchain letdown – TechCentral

If you asked someone 10 years ago what the hottest technology of the 2020s would be, they would probably have said “blockchain”. It was all the rage. Forget bitcoin, they said, the real value is in the underlying technology that secures it, the blockchain. A blockchain is a distributed public ledger, cryptographically secured by a…

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Blockchain booms in Africa as use cases multiply

Blockchain booms in Africa as use cases multiply

Blockchain technology is maturing on the African continent as use cases beyond cryptocurrency gain traction – in areas such as digital identity, payments, agriculture and data management. This is according to the Africa Blockchain Report 2024, compiled by Absa Corporate and Investment Banking (CIB) in collaboration with Crypto Valley Venture Capital (CV VC). According Brenton…

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Burning millions on the blockchain: how hackers used bitcoin to send a message

Burning millions on the blockchain: how hackers used bitcoin to send a message

On 18 June, something remarkable happened on the bitcoin blockchain. A series of 2 087 transactions totalling nearly 18.5 bitcoin, worth close to US$2-million (R35.5-million), was sent to a single address: 1FuckiRGCTerroristsNoBiTEXXXaAovLX. The message embedded in that address left little to interpretation. It was a public and permanent insult aimed at Nobitex, Iran’s largest cryptocurrency…

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