Tether remains the dominant stablecoin in South Africa. (Image created by GenAI) Authorised financial services provider BlockTower’s rand-backed stablecoin ZARU has been listed on Luno Global, in what it says is the first institutional-grade rand stablecoin on a regulated crypto exchange. The listing gives the rand an on-chain secondary market on Luno’s exchange. ZARU, which…
Ukraine continues to strike warehouses and logistics hubs run by Wildberries, which it says aids Moscow’s war efforts. Russia’s latest attacks on Ukraine have killed at least six people, local authorities say, as Moscow and Kyiv trade intensifying strikes targeting each other’s economic and energy infrastructure. A wave of Russian attacks killed two people and…
VALR CEO Farzam Ehsani Barring South African companies from moving crypto assets across the country’s borders will likely drive those transactions underground or offshore and reduce the very oversight national treasury and the South African Reserve Bank are trying to achieve, according to VALR CEO Farzam Ehsani. Ehsani was responding to the draft Crypto Asset…
Meta CEO Mark Zuckerberg. Carlos Barria/Reuters Meta Platforms reported a 91% plunge in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout amid an uncertain payoff. The Facebook and Instagram parent company reported free cash flow of US$784-million in the second quarter ended 30 June, down…
Kumamoto, Japan — Soldiers and emergency workers combed through a badly damaged shopping mall and collapsed houses looking for trapped survivors Wednesday after a powerful earthquake that killed at least 18 people in southwestern Japan. The powerful earthquake that hit a day earlier in the Kumamoto area on the southern main island of Kyushu, also left…
The world’s most valuable chip stocks have seen more than $1 trillion wiped from their market caps this week as investor jitters swept through the sector. The selloff was led by Nvidia, which saw a $238 billion rout since market close on Friday. SK Hynix, Samsung Electronics and Micron — all key players in the…
The MyCiTi electric bus. (Image: supplied) Cape Town mayor Geordin Hill-Lewis yesterday welcomed the city’s first fully electric MyCiTi bus. Named Evie, the electric bus is part of an initial 38 battery-electric bus fleet, in line with broader plans for a public transport system that is “cleaner and smarter”. According to the city, the electric…
Remote job opportunities in South Africa have reached their highest level on record — and the fastest growth is no longer happening in the technology sector, where the trend began, but among bookkeepers, admin clerks, recruiters and marketers. That’s according to job platform Pnet’s latest Job Market Trends Report, which shows remote employment opportunities in…
Openserve has mounted a defence of its decision to launch its own internet service provider, telling TechCentral that the Telkom-owned wholesale fibre operator is “well below the threshold for dominance” in competition law – and that the bundled deals ISPs warn they cannot match are available to every provider on its network on the same…
A strong earthquake struck the southern Mexican Pacific coast on Friday, right on the border with Guatemala, and was felt from Mexico City to El Salvador. Authorities have not immediately reported any severe damage or casualties in any country and a tsunami alert issued was lifted about an hour after the quake. The U.S. Geological…
