In what was one of the largest 24-hour market sell-offs this year, over $30 billion was dumped from crypto assets.
At one stage, the largest crypto, bitcoin, was down around 20% as its price crashed to a three-month low of just over $7,800.
While, many predicted a huge drop to around $8,000, it was still quite a shock to see it happen.
So what caused the crash and what should crypto in... ››› more
That's what Su Zhu, the CEO of hedge fund Arrows Capital, said after the anti-climactic launch of crypto platform Bakkt.
You see, after the first 24 hours, the exchange recorded only 72 BTC had been entered into monthly contracts.
However, people should not be alarmed by the bleak start as regulated futures contracts mostly kick off slow. Su Zhu continued…
"The reality is that most ... ››› more
Head over to your nearest shopping centre or mall and you'll notice, a bunch of Cannabis outlets popping up.
From cannabis flavoured soaps in the Body Shop, CBD outlets selling cannabis oils for your vape or even cannabis infused drinks and cooking oils.
This is an industry that is pretty much taking over South Africa and the world.
In fact, Green Fund estimated that the global cannabis m... ››› more
One year ago, the Intercontinental Exchange (ICE) - which owns the NYSE - revealed plans to launch a futures exchange and digital assets platform - called Bakkt.
Bakkt's goal?
To transform Bitcoin into a trusted global currency with broad usage. More importantly, make Bitcoin a more sound and secure offering for key players in the market who mostly shunned it…
I'm talking about the... ››› more
Right now, there's a big misconception in the crypto market.
And it's got to do with circulating supply.
That's the total supply of tokens currently available in the market.
Once investors understand this concept it could lead to another massive price surge in the price of bitcoin.
Let me explain…
Recommended:
________________________________________
... ››› more
There are many different ways to make money from cryptos…
You can invest in them.
You can trade them.
You can even make money through arbitrage, which is when you buy and sell a crypto simultaneously to take advantage of the price difference.
But did you know you can actually make passive income from cryptos?
I'm talking about…
Recommended:
______... ››› more
It's been a decade since bitcoin officially started.
Over this time, it's gained a lot of followers and of course, haters.
Some have called it a revolutionary asset, while others have labelled it, a downright Ponzi scheme.
The thing is, whether you love them or hate them, bitcoin will never die. Demand will always be there - especially in today's world.
And it's all because…
... ››› more
Here's something quite interesting…
According to Statista, out of the 400,000 crypto-investors across 46 countries it surveyed, South Africa came in fifth place, as 16% of the population said they used or owned cryptocurrencies.
Yes, you could argue it's a small study. However, it still reveals an increasing interest in cryptos from South Africans.
In fact, because of the rising dema... ››› more
The quote above is what Jehan Chu, managing partner at blockchain investment and advisory firm Kenetic Capital in Hong Kong, recently said about Bitcoin.
What made him say this?
Well, last week Donald Trump continued his ‘tariff tantrum' by adding 10% tariffs on another $300 billion in Chinese imports, starting 1 September.
China retaliated by asking state buyers to halt American ag... ››› more
When Facebook announced plans to launch its new digital currency Libra, it was met with fear…Especially in China.
When questioned on Facebook's Libra at a press conference, the founder and CEO of Huawei hit back saying,
“China can also issue such a [crypto]currency by itself. Why wait for others to issue it? The power of a country is always stronger than an Internet company.”
The ... ››› more
In the growing world of online, data privacy is of the utmost importance.
Even more so if you're a company that stores people personal data.
In this day and age, if you fail to protect personal data, you will suffer major backlash.
Just take the Facebook-Cambridge Analytica data scandal - where Cambridge Analytica harvested the personal data of millions of people's Facebook profiles... ››› more
Tether is a name that comes up again and again in crypto.
It's been called negative things like a ‘scam' and ‘fraudulent'.
On the other hand, as a stablecoin, it’s also been called ‘the most useful cryptocurrency in existence’, since its price is pegged to the dollar.
But today I’m not here to join in on this debate.
Instead, I’m going to sh... ››› more
The rand has only just broken back below the key R14/$ level and I can tell from the client flows going through our treasury desk, many South Africans are once again keen to get money out of the country.
The USD/ZAR exchange rate was well over R15/$ just a few weeks ago.
This means, the rand has firmed up around +7.75% in the last month-and-a-half. Put another way, that's about a year's wo... ››› more
Like many financial instruments, it's in a crypto's interest to get big trading volume numbers on exchanges.
This shows that people are taking an interest in it and are actually using it. It shows investors believe in the crypto's project.
It is also in exchanges' interest to have large volumes of crypto traded. The higher volume your exchange has the more trustworthy it seems, and the mor... ››› more
“Alt season” in the crypto world, is when people take their gains from bitcoin and pile them into ‘alternative' cryptos, hoping for higher returns.
During the bull run of 2017, this action rocketed many top altcoins by hundreds, even thousands of percent. For instance,
• NEM grew 709% between 7 December and 4 January
• Ripple grew 1,508% between 7 December and 4 January
... ››› more
Home
Search
Menu
Our products
