cryptocurrency
Can I Still Trade Bitcoin in South Africa Despite SARS Clampdown?
/* custom css */ .tdi_4_78e.td-a-rec-img{ text-align: left; }.tdi_4_78e.td-a-rec-img img{ margin: 0 auto 0 0; } South Africa is one of the countries where the growth, adoption, and use of bitcoin and other cryptocurrencies continue to move at a fast pace. People are looking for how to buy bitcoin now more than ever. However, a lot of crypto traders are facing pressure from the South Africa Revenue Service (SARS) regarding their cryptocurrency investments. This has raised a lot of panic in the South Africa crypto community. Since the main purpose of digital assets is to encourage anonymous P2P transactions anywhere around the globe, they are used by some as a tool to bypass tax. To curtail this, SARS has joined a number of tax bodies around the world in monitoring profits made by crypto tra...
South African Investors Lose $3.6-Billion in Massive Crypto Scam
Image sourced from Shutterstock. AfriCrypt, a South African cryptocurrency investment company, has reportedly defrauded around $3.6-billion in investor funds after the company made claims that its trading systems had been hacked. Investors in AfriCrypt reportedly count amongst South African celebrities and other high profile individuals. In a matter of hours the staggering monetary amount, around R54-billion, seemingly disappeared without a trace on 13 April. $3.6-Billion in Stolen Cryptocurrency Shortly after claiming that its systems had been shut down by a hack, AfriCrypt’s teenage “directors”, brothers, Ameer and Raees Cajee (17 and 20, respectively) allegedly transferred all investor funds from their South African bank account before fleeing to the UK, reports Independent Media. AfriC...
Top 4 Most Trending Stories – Week in Review
/* custom css */ .tdi_4_f6c.td-a-rec-img{ text-align: left; }.tdi_4_f6c.td-a-rec-img img{ margin: 0 auto 0 0; } As this week comes to a close we take a look at the stories that resonated most with our readers. An enormous underwater mudslide cripples the internet. The South African government seeks to regulate Netflix and other digital streaming services, and how blockchain and cryptocurrency can increase financial inclusion in developing countries. Finally, the Huawei Band 6 round out this week’s most trending stories. Find out more about this week’s top articles: /* custom css */ .tdi_3_f21.td-a-rec-img{ text-align: left; }.tdi_3_f21.td-a-rec-img img{ margin: 0 auto 0 0; } 4. How Blockchain and Crypto Can Lessen Financial Exclusion in Developing Countries COVID-19 has had many different ...
How Blockchain and Crypto Can Lessen Financial Exclusion in Developing Countries
/* custom css */ .tdi_4_8ce.td-a-rec-img{ text-align: left; }.tdi_4_8ce.td-a-rec-img img{ margin: 0 auto 0 0; } While the COVID-19 crisis has reversed the recent global poverty reduction, according to the UN and other experts, it has also sped up financial inclusion via mobile financial services apps provided by crypto, blockchain and FinTech startups. Many people worldwide take for granted the services billions of others struggle to access. In their book “Financial Exclusion and the Poverty Trap,” authors Pamela Lenton and Paul Mosley assert that one of the main causes of poverty is financial exclusion, which they define as the inability to access finance from mainstream banks. /* custom css */ .tdi_3_d8d.td-a-rec-img{ text-align: left; }.tdi_3_d8d.td-a-rec-img img{ margin: 0 auto 0 0; } ...
Iran bans cryptocurrency mining for four months
Iran is temporarily banning cryptocurrency mining after some of the country’s major cities experienced repeated blackouts. President Hassan Rouhani said that the ban would last until September 22nd. The country has experienced summer blackouts in years past, and while the current round of outages is mostly being blamed on a drought that’s affecting the country’s ability to generate hydroelectric power, it seems that the Iranian government is eager to cut down on any aggravating factors. Power-hungry cryptocurrency mining operations, for instance. According to the BBC, Iran operates a program where Bitcoin miners must register with with the government, pay extra for electricity, and sell their coins to the central bank. President Rouhani stated that the legal mining operations in the countr...
deadmau5 to Perform at E11EVEN Miami During World’s Largest Cryptocurrency Conference
Miami is set to be taken over by Bitcoin 2021, the world’s largest cryptocurrency conference. As the leading figures of the crypto scene prepare to descend on the city, so too are the EDM titans who have have established themselves as its early adopters. The summit, which is scheduled for June 3rd to 5th at the MANA Wynwood convention center, will receive a heavy dose of deadmau5, who has announced a headlining set at E11EVEN Miami on the 2nd. The announcement arrives on the heels of the news of a performance by fellow crypto pundit 3LAU, who will spin at Miami’s STORY Nightclub on the 4th. In addition to 3LAU, deadmau5 was one of the first major electronic artists to align with the NFT community. In December 2020, he partnered with Emanate, who utilized the WAX ...
ODESZA’s Foreign Family Collective Shares New Compilation and Innovative NFT Drop
Foreign Family Collective is providing a platform for their artists to release music without expectations. Amid a stressful past year for musicians due to the pandemic, ODESZA’s flagship label has brought forth an innovative album and NFT compilation, Rare.wavs Vol. 1. The record is jam-packed, consisting of 15 tracks from a number of the brand’s high-profile names such as Kasbo, MEMBA, Robotaki, and many more. From the spritely synths and quick-cutting drums of Jai Wolf‘s “Hikikomori” to Phantoms‘ cascading melodic slow jam “Do It Again,” the compilation reinforces this roster’s versatility in a multitude of genres and sound palettes. This particular compilation stands to weather the test of time in more ways than ...
Infected Mushroom Release “Shroomeez” EP on Monstercat With Revolutionary AI-Generated NFT
Legendary Israeli DJ and production duo Infected Mushroom are kicking off their 25th year of music-making with a massive project that includes new music and a revolutionary new NFT concept. The Shroomeez EP boasts four new Infected Mushroom tracks in their signature style, which fuses elements of trance, hard rock, and bass music. Inspired by art presented to the duo by digital artist FARGO, the concept behind Shroomeez is otherworldly. “The Shroomeez EP came to life from the NFT art that was presented to us,” said Infected Mushroom in a joint statement. “We imagined a planet full of mushroom creatures and a mushroom collective. It was super fun writing 4 futuristic trance tracks that will suit a society of shroomeez. Dropping this EP as an entrance t...
How Aloe Blacc Is Utilizing NFTs to Keep Avicii’s Legacy Alive
In the cutting-edge world of NFTs there’s almost no greater compliment than to call a piece “timeless.” In their perennial pursuit of value and utility, NFT creators and collectors alike constantly question what combination of creative and immutable qualities have the ability to leave a lasting impact. Given the feverish mainstream interest in the space, most NFT (non-fungible token) projects have borne little meaning beneath their superficial qualities. However, every once in awhile, a project with the organic confluence of superior design, noble intention, and historical relevance comes along. The rise in popularity of digital collectibles immediately grabbed Aloe Blacc‘s attention, and soon the Grammy-nominated artist became consumed with an idea that had t...
Serbia’s EXIT Festival Now Accepts Bitcoin as Payment for Tickets
Serbia’s EXIT Festival—scheduled for July 8th to the 11th—is set to be one of the first major international music festivals to take place this year. In celebration of the event’s 20th anniversary a number of world-renowned artists have been confirmed for performances, such as David Guetta, DJ Snake, and Eric Prydz, among many others. With just under two months out, the organizers of the Novi Sad fest have announced that they will now accept Bitcoin as a form of payment for tickets, embracing the 2021 crypto boom. While it is not the first to offer such an alternative, EXIT is among the festival scene’s earliest adopters of cryptocurrency. When selecting a payment type at checkout, fans now have the option to purchase tickets using Bitcoin. Custome...
Elon Musk’s Net Worth Plummeted $20 Billion After Hosting Saturday Night Live
<span class="localtime" data-ltformat="F j, Y | g:ia" data-lttime="2021-05-14T19:48:02+00:00“>May 14, 2021 | 3:48pm ET In case you didn’t hear, Elon Musk hosted Saturday Night Live last weekend and viewers were left feeling — uh, to put it nicely — very unsatisfied. It looks like plenty of investors were also underwhelmed, because Musk’s net worth reportedly dropped by a whopping $20 billion (!) after his SNL episode aired. As the cofounder and CEO of Tesla, Musk took quite the hit on Wall Street following his appearance. According to estimates by Forbes, shares of Tesla have fallen more than 15% so far this week, lowering Musk’s net worth by $20.5 billion total. That said, his net worth is still roughly $145.5 billion, which means Musk is still the thi...
ZHU Announces Plans to Build NFT-Based Fan Community
Following a six-night sold out run of performances at the iconic Red Rocks Amphitheater in Morrison, Colorado, dance music superstar ZHU has announced new plans to build a fan community around NFTs, or non-fungible tokens. Beginning with a limited collection called “DREAMROCKS,” exclusive to attendees of the Red Rocks concerts and designed in collaboration with artist Shane Fu for Night After Night and YellowHeart, the community will be launched in the coming weeks. ZHU’s DREAMROCKS NFT collection. Fans can register for an open Zhuman Community token, which will grant them access to exclusive content and early information on upcoming events. “The fans have shown up so hard these last two weeks at Red Rocks, I’m excited to give something special back to them wh...
