Moneyweb Crypto
162 episodes — Page 3 of 4
Binance hits the 200m user mark and dwarfs the banks
The world financial system is undergoing radical change, and crypto is driving it. Binance's growth story over just seven years is a case study in that evolution, as its SA country manager Hannes Wessels explains. Moneyweb Crypto news articles
Is bitcoin exhaustion setting in?
Bitcoin and ether prices have flat-lined in recent months, but don't be fooled. We are in the year of the bitcoin halving, which has historically been associated with a surge in prices, explains Omer Iqbal, CEO of FiveWest. The real trend to watch in the coming months is the adoption of US dollar stablecoins by mid-sized companies seeking to hedge their offshore exposures. Moneyweb Crypto news articles
How to weed out the crypto fluff
There are more than 60 000 cryptocurrencies, most of them junk. The team at Riskbloq, headed by founder and CEO Nzwisisa Chidembo, has developed tools to filter out the noise and make sense of more than 3 000 of the more viable projects. This SA-developed toolkit is now getting the attention of serious crypto players around the world. Moneyweb Crypto news articles
Turning tangible assets into crypto tokens set to revolutionise finance
Law firm Schindlers has set up a tokenised exchange for raising capital and trading real-world assets such as houses, solar power systems and real estate. Maurice Crespi, managing partner at Schindlers Attorneys, says this is a financial revolution with potentially vast implications for traditional stock exchanges. Moneyweb Crypto news articles
Bitcoin proves its mettle as an instrument of freedom
Bradley Rettler, co-author of a new book called 'Resistance Money' and associate professor of philosophy at the University of Wyoming explains how bitcoin has proven itself as an instrument of freedom against political and economic oppression. Moneyweb Crypto news articles
Sars is using AI to track down undeclared crypto profits
Jashwin Baijoo, head of strategic engagement and compliance at Tax Consulting SA, explains how SA Revenue Services is using AI to zero in on undeclared tax profits, and how the system will only get better with time. Moneyweb Crypto news articles
Should companies be holding bitcoin as part of their reserves?
Rob Price of Sound Money Capital explains why New York Stock Exchange-listed data analytics company MicroStrategy has bet massively on bitcoin, and offers a few ways to value an asset that has no earnings, dividends or revenue. Moneyweb Crypto news articles
Bitcoin's resurging dominance of the crypto seas
Omer Iqbal, CEO of crypto and payments company FiveWest, says bitcoin's crypto market cap dominance is driven largely by institutional adoption but sees an emerging challenge from second-placed contender Ethereum. Moneyweb Crypto news articles
Is this the future of banking?
Joey Garcia, chief legal and regulatory officer at Xapo Private Bank, which does not do fractional reserve lending and holds its reserves in bitcoin, offers a bold new vision for the future of banking. Moneyweb Crypto news articles
Welcome to a new era for crypto
Hannes Wessels, Binance's SA country manager, explains what the bitcoin "halving" event means for crypto, coming in the same week that multiple licenses were issued for crypto asset service providers. Moneyweb Crypto news articles
Can AI predict crypto price moves?
Stuart Perry, co-founder of GG Tech Solutions, explores some fascinating AI developments in financial markets and concludes that AI models are getting much better at predicting price moves in both cryptos and stocks. Moneyweb Crypto news articles
Ditching the rand to survive on bitcoin only
Software developer Kgothatso Ngako is part of a growing network of people who have ditched the rand, the US dollar and any other fiat currency to make their way in life using bitcoin only. Moneyweb Crypto news articles
Bitcoin's rollercoaster: will it be different this time?
VALR CEO Farzam Ehsani talks about bitcoin's famed volatility, why bitcoin's current bull run still has legs, and whether we can expect more rollercoaster action once the bull run exhausts. Or whether it will be different this time. Moneyweb Crypto news articles
Crypto prices are booming, but so are the scams
Carel de Jager, research group leader for distributed ledger technologies at the CSIR, shares insights on some of the new scams where even crypto aficionados are being artfully separated from their wealth and their wallets. Moneyweb Crypto news articles
Institutions flood into bitcoin: What this mean for investors
Wiehann Olivier, digital asset lead at Mazars, weighs in on whether the JSE will follow the US lead in authorising exchange traded traded funds (ETFs) and whether the imminent issue of financial service provider licenses to crypto companies will slam the door on crypto scams in SA. Moneyweb Crypto news articles
What a national budget measured in bitcoin would look like
Economist Dawie Roodt takes a clean sheet of paper and gives us the budget we need. Moneyweb Crypto news articles
Houses for Africa: How Empowa has changed the landscape
Empowa's Glen Jordan explains that the lower end of the housing market in Africa is actually less risky than the mid-market and how the company plans to impact one million families across the continent by 2030 using a blockchain-based financing solution. Moneyweb Crypto news articles
Bitcoin at R1m: Bargain or bust?
Christo de Wit, SA country manager for Luno, talks about bitcoin hitting R1 million and whether it is too late to climb on board. Moneyweb Crypto news articles
Making the case for digital rather than physical gold
Rael Demby, CEO of Scoin and the SA Gold Coin Exchange, explains why digital gold stored on the blockchain is attracting interest from gold bugs, and whether digital gold can be used as a form of stablecoin to park profits after a strong run-up in bitcoin. Moneyweb Crypto news articles
We shouldn’t fear AI, we should rise with it
Former Microsoft executive Kerushan Govender – author of Age Of Agency: Rise With AI – says fears over the impact of artificial intelligence are overblown, that ‘human agency’ trumps machines, and looks at crypto's place in the quest for greater human sovereignty. Moneyweb Crypto news articles
African currencies are being smashed as stablecoins come to the rescue.
Jon Ovadia, CEO of crypto exchange OVEX, walks us through the casualty list of African currencies decimated over the last two years, and how US dollar-backed stablecoins are exploding across the continent. Moneyweb Crypto news articles
First crypto FSP licences about to drop
Gerhard van Deventer, head of enforcement at the Financial Sector Conduct Authority, says the first batch of financial services provider (FSP) licences are about to be issued to crypto service providers. That will make it easier to shut down crypto scammers before they get started. Moneyweb Crypto news articles
Ditching the rand and going off grid with bitcoin
Glenn Jooste, co-founder of Bitcoin Ubuntu, explains how trying to save in ever depreciating rands is a losing proposition, and how bitcoin solves this. Moneyweb Crypto news articles
Got surplus solar power? Start bitcoin mining
Jesse Pielke, founder of Hashrate Up, is helping South Africans use surplus solar power generated during the day for bitcoin mining (and it's less expensive than you might think). Moneyweb Crypto news articles
Will we see the mother of all bitcoin rallies in 2024?
Omer Iqbal, CEO of crypto company FiveWest, shares his thoughts on the big crypto stories of 2023 and the likelihood of the mother of all bitcoin bull markets in 2024. Moneyweb Crypto news articles
Now you can trade perpetual futures on bitcoin
What on earth are those? Gianluca Sacco, chief operating officer at VALR, explains. Crypto exchange VALR recently announced the world's first perpetual futures on bitcoin, payable in rands, with some interesting use cases. Moneyweb Crypto news articles
Former Europol agents helping SA with crypto law enforcement
Nils Andersen Röed and Jarek Jakubcek, who are now with Binance, were recently in SA to train local regulators and authorities on the ever-evolving tricks of crypto criminals. Moneyweb Crypto news articles
Meet the crypto sceptic who owned and lost more than 50 bitcoin
Marcel Wasserman is a financial advisor who once owned 52 bitcoin, having bought at under R1 000. He became less enthusiastic about bitcoin after losing most of it and selling the rest. Today, he's more enthusiastic about an 'all-weather' portfolio that can ride out good times and bad. He explains why getting out of debt is the key to financial affluence. Moneyweb Crypto news articles
Death, taxes and crypto
Thomas Lobban of Tax Consulting SA warns of new OECD regulations that will help tax authorities worldwide to track your crypto transactions no matter where you live. Moneyweb Crypto news articles
Why you might want to own a rand stablecoin
It fixes many of the problems in the existing financial system such as high costs and speed of transaction. Simon Dingle, founder of the ZARP rand-backed stablecoin, explains why stablecoins are the real killer use case for crypto, and why Old Mutual is backing it. Moneyweb Crypto news articles
Are we in for a pre-Xmas rally in Bitcoin ?
It's already up more than 30% over the last month. VALR CEO Farzam Ehsani explains what's behind this explosive move, and VALR's recent partnership with card issuer Visa as a sign of the fusing of traditional finance and crypto. Moneyweb Crypto news articles
Will central bank digital cash ever take off in SA?
Michail le Roux of Hanekom Attorneys says CBDCs are coming and that fears of a snooping state examining all our transactions are overblown. Plus the prospects of voting by cell phone in the future, using blockchain technology to stop the cheats. Moneyweb Crypto news articles
Is Bitcoin's 6 month sideways crawl about to break?
With a bitcoin halving of supply in 2024, Jason Welz, head of digital assets at alternative investment firm Jaltech, points out that all previous "halvenings" have been preceded by a bull run. Will it be any different this time? Plus, some astonishing developments in blockchain technology are about to unfurl in the coming years. Moneyweb Crypto news articles
Own a slice of property for R100 with new fractional ownership exchanges
Libex and law firm Schindlers have partnered in setting up two exchanges offering investors the opportunity to list and own fractional pieces of assets from farms to residential buildings. Chaz Dunn, innovation head at Libex, and Schindlers managing partner Maurice Crespi explain. Moneyweb Crypto news articles
Crypto scammers have met their match.
Carel de Jager, head of distributed ledger technology at CSIR, explains how he tracked down stolen funds from a Moneyweb reader with a new blockchain tool that is being offered to crime busters worldwide. Moneyweb Crypto news articles
Is the rand ultimately headed to R100 to the US dollar?
Andrew Field, co-founder of BitDirect, explains the history and likely future of money, arguing that the rand will ultimately hit R100 to the US dollar. There's a long history of fiat currency failures. If so, what role does bitcoin play in the future monetary firmament? Moneyweb Crypto news articles
How the crypto industry is redefining ownership
Blockchain is transforming everything we know about ownership. This is the killer use case for blockchain - establishing title to property and, with that, the ability to transfer and trade property rights. It's a fascinating world we are about to enter, explains Steven Sidley, author of 'It's Mine: How the crypto industry is redefining ownership'. Moneyweb Crypto news articles
The taxi industry goes cashless
Eastern Cape taxi operators embrace blockchain technology as they ditch cash and start to compete with the major retailers, explains Sonny Fisher of ForUS. Moneyweb Crypto news articles
D-Day approaches for crypto companies as regulations kick in
Gerhard van Deventer, head of enforcement at the Financial Sector Conduct Authority, explains how the crypto industry is about to get the policing it has long needed. Moneyweb Crypto news articles
Converting Namibians to bitcoin one beer at a time
If Nikolai Tjongarero of EasySats meets someone unfamiliar with bitcoin, he gives them the two-minute elevator pitch and buys them a beer, paid, of course, with bitcoin. He's making tons of happy friends and winning them over to bitcoin in the process. Moneyweb Crypto news articles
How a University of Pretoria drop-out is bringing bitcoin to Africa
Kgothatso Ngako dropped out of university to translate bitcoin educational literature into indigenous African languages. Now he has come up with a way for people without smart phones, internet or a crypto account to own and store bitcoin. Moneyweb Crypto news articles
What happens to your crypto when you die?
Between four and six million Bitcoin have been forever list because the owners lost their passwords or threw away their hard drives. Brandon Sylvester of Sanlam Trust explains that few people realise that cryptos are not automatically passed on to beneficiaries on death. That's a huge potential loss. Moneyweb Crypto news articles
The crypto boat has not sailed for new investors
Crypto adoption has tended to follow crypto prices. New use cases for crypto, other than speculation, are giving it as push, says Christo de Wit, SA manager for Luno. Moneyweb Crypto news articles
Can cryptos help solve Africa's inflation problem?
Richard Schoeman, CFO at crypto and payments company Yellow Card, explains how Africans have discovered a love for cryptos as a way to shield themselves from inflation and local currency weakness. Moneyweb Crypto news articles
Going gridless bitcoin mining in Africa
Erik Hersman, co-founder of Gridless Mining, explains how the company is using spare power from independent power producers in Africa to set up bitcoin mines, and explores whether private solar power in SA can be turned to profit. Moneyweb Crypto news articles
Bitcoin mining: Local miner explains how it's done
Dezray Thomas lives, breathes and mines Bitcoin – using solar and Eskom. Moneyweb Crypto news articles
Crypto volumes are perking up
Hannes Wessels, general manager for Binance in southern Africa, explains how crypto volumes have responded to srging prices in 2023, and what the future of finance looks like. Moneyweb Crypto news articles
Local Bitcoin economies are sprouting up across SA
Glenn Jooste, founder of Bitcoin Ubuntu in Swellendam in the Western Cape, explains how you can now live and thrive in Bitcoin-only economies. Going off the financial grid is fast becoming a reality, and communities like Bitcoin Ubuntu and nearby Bitcoin Ekasi in Mossel Bay, and Bitcoin Witsand are taking the poor with them. Moneyweb Crypto news articles
The arrival of open banking in SA
Thomas Pays, founder of Ozow, explains how the company acquired eight million customers in a decade, challenging even Capitec's blistering growth, and how 'open banking' - incorporating crypto payments - is the wave of the future, allowing third parties the ability to access financial data, simplify transactions and massively increase banking penetration in poor countries. Moneyweb Crypto news articles
Crypto, meet AI ... threat or opportunity?
Farzam Ehsani, CEO of crypto exchange VALR, explains why AI opens up a world of opportunities - and potential threats - to crypto. Moneyweb Crypto news articles