South Africa’s new AI framework sets foundation for tech leadership

South African financial service providers have been primed to offer cryptocurrency products and services to customers after regulatory amendments in the country.This comes after South Africa’s Financial Sector Conduct Authority amended its financial advisory act from 2002 on Oct. 19, defining crypto assets in the country as financial products. Most importantly, the definition means that…

Germany’s government has approved a blockchain strategy that aims to prevent stablecoins from becoming alternative currencies and threatening state sovereignty.Reuters reported on Sept. 18 that Chancellor Angela Merkel’s cabinet passed the strategy earlier today, in an apparent bid to mitigate the risks posed by the forthcoming Libra cryptocurrency from social media giant Facebook.We will not…

BTC price frustration may find some relief as Bitcoin traders’ hopes increase of the Fed cementing interest rate cuts at the Jackson Hole summit.

The CEO of instant cryptocurrency exchange platform ShapeShift told Bloomberg TV on May 15 that bubbles are an essential part of the industry’s growth.Speaking in an interview, Erik Voorhees argued that the volatility seen in bitcoin (BTC) and altcoin markets over the years is a necessary phenomenon for a nascent asset.“There have to be bubbles…

Crypto payment processor BitPay issued advice on its official blog yesterday, Nov. 26, for users of its open-source Bitcoin (BTC) wallet Copay, which has reportedly been compromised by malicious code.The vulnerability pertains to a third-party Node.js module, also known as an “event stream,” which is used in versions 5.0.2 through 5.1.0 of BitPay’s Copay and…

Bitcoin (BTC) held on exchanges is down to where it was at the 2017 BTC price all-time high, data confirms.Tracked by on-chain analytics firm Glassnode, the latest figures show less than 12% of the BTC supply now resides in exchange wallets.Analyst: BTC price "on the cusp of true price discovery"Bitcoin returned to exchanges during the…

Binance’s $4.3 billion settlement with the United States Department of Justice (DOJ) is being hailed as a positive move for the company and the wider cryptocurrency industry, according to Galaxy Digital’s Mike Novogratz.In an interview with Bloomberg on Nov. 29, the CEO of the cryptocurrency investment firm expressed his belief that the high-profile settlement should assuage concerned

Open Interest for crypto futures are rising at Bybit despite Bitcoin’s record-low volatility. 943 Total views 25 Total shares Recent data from Skew shows that open interest for Bitcoin (BTC) has been rising on the Bybit crypto trading platform, reaching a new high at $434 million on July 14 for the Tether (USDT) and USD pairs…