The US government announced Monday it had seized $3.4 billion in bitcoin from a real estate developer who stole the cryptocurrency from the dark web marketplace Silk Road a decade ago.
Pick n Pay customers can now use cryptocurrency to purchase groceries at till points. The Bitcoin payment option will be implemented in 39 stores in Mzansi.
In the US border town of Niagara Falls, residents accustomed to the soothing roar of the famous waterfalls recently discovered a much less pleasant sound: the "haunting hum" of bitcoin mining farms. "The noise pollution of this industry is like nothing else that has been there," said Niagara Falls Mayor Robert Restaino in his office decorated with paintings of the famous waterfalls.
More than a year after Bitcoin became legal tender in El Salvador, a new poll Tuesday showed most people in the country consider the controversial move by President Nayib Bukele as a "failure."
Former 'Generations: The Legacy actress' Letoya Makhene has been accused of scamming an unemployed man in a Bitcoin scam. The man said she swindled him R16k.
A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele. El Salvador became the first country to accept Bitcoin as legal tender, alongside the US dollar that has been the official currency for two decades.
Tesla reported solid quarterly earnings Wednesday despite a hit from Covid-19 lockdowns in Shanghai that Chief Executive Elon Musk said prompted the company to liquidate most of its bitcoin holdings. - Bitcoin sale - During the quarter, Tesla liquidated about 75 percent of its holdings in bitcoin, the value of which has declined sharply in 2022.
Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020. After sinking to $18,740 on Saturday, Bitcoin rose to $18,941 at 1550 GMT, down eight percent from Friday.
The South African Revenue Service will tax cryptocurrency profits and have published regulations online with guidelines for how taxation will be applied in SA.