News with the tag "South Africa"

Key Takeaways: South Africa’s decentralized finance ecosystem shows promising growth trajectory, with projections reaching $180.7 million by 2028 according to official regulatory assessments. Regulatory authorities recognize DeFi’s potential to enhance financial access while expressing significant c...

While Africa is often seen as the cradle of crypto adoption, the largest economy on the continent, South Africa, is one of the leading countries in the region in terms of crypto adoption and regulation. The new report published by the local financial regulator highlights the bright prospects for the...

Bitget, a Seychelles-based crypto exchange, has partnered with Callpay to enable South African Rand (ZAR) deposits and withdrawals. Streamlining Fiat-Crypto Transactions The Seychelles-based cryptocurrency exchange Bitget announced Feb. 25 that it had integrated with the payment solutions provider C...

A South African study reveals growing DeFi adoption, projecting $2.8 million in volume by the end of 2025, primarily driven by retail customers. FSCA to Focus on Stakeholder Engagement According to a study conducted by South Africa’s Financial Sector Conduct Authority (FSCA), decentralized finance (...

A few days ago, the capital market company Altvest Capital became the first publicly traded African company to adopt Bitcoin as a treasury reserve asset. This move was announced as part of a broader treasury management strategy that focused on strengthening the firm’s financial resilience and protec...

The South African Rand (ZAR) has been showing impressive strength recently, capturing the attention of forex traders and economists alike. Ahead of crucial South African economic data releases, the currency is demonstrating resilience. But what’s driving this upward momentum, and can it be sustained...

Altvest Capital Limited has become the first publicly traded company in Africa to adopt Bitcoin as a strategic treasury asset. The company announced its initial investment in Bitcoin (BTC) as part of a broader treasury management strategy, which aims to strengthen financial resilience, preserve shar...

The Johannesburg-headquartered Altvest Capital is seeking regulatory approval to raise $10 million, to make Bitcoin its primary reserve asset. Altvest Capital is planning to become the first listed company in Africa to adopt Bitcoin ( BTC ) as its primary treasury reserve asset. In a Feb. 21 intervi...

In the fast-paced world of cryptocurrency and global finance, understanding the ebb and flow of traditional currencies is crucial. Just as Bitcoin dances to the tune of market sentiment, the South African Rand (ZAR) is currently making headlines with its remarkable strengthening. All eyes are now on...

In the fast-paced world of cryptocurrency and global finance, staying ahead of macroeconomic trends is crucial. Recently, the South African Rand has experienced a significant downturn, sending ripples through forex markets and raising concerns among investors. This alarming development is primarily ...