South Africans are spending R2-million/month in cryptocurrency at a range of retail outlets, including Pick n Pay, crypto exchange Luno said on Tuesday, with adoption rising across merchant categories. In total, consumers have spent more than R20-million through Luno Pay since its launch in November 2024, the company said. “The data reveals purchases ranging from
A money manager to some of Hong Kong’s richest individuals will start investing in cryptocurrency, as more favourable regulations attract a wider array of investors to the digital-asset sector. VMS Group, a multifamily office with just under US$4 billion in assets under management, plans to allocate up to US$10 million to strategies run by decentralised-finance
Cryptocurrency, like Bitcoin and others, is changing how people use money across the world. Some countries have quickly embraced this new digital money, while others are still careful. For PNG, learning from these global examples helps us prepare for the future and find ways to benefit our people and economy. What Is Cryptocurrency? Cryptocurrency is
Kraken, a nearly $3 billion cryptocurrency exchange, announced that it has moved its headquarters to Cheyenne, Wyoming, after the company left California nearly three years ago. The company is valued at $2.9 billion with a secondary valuation, which is a measure of total stocks being traded, of $5.9 billion, according to a financial profile by
As part of its ongoing Casual Conversations series, the Fairport Harbor Public Library will host “Curious About Crypto?,” a presentation by college administrator, adjunct professor, and entrepreneur George Phillips. The talk will take place 11 a.m. to noon June 28 in the library, 335 Vine St., and is free and open to the general public,
HONG KONG – A money manager to some of Hong Kong’s richest individuals will start investing in crypto, as more favourable regulations attract a wider array of investors to the digital-asset sector. VMS Group, a multi-family office with just under US$4 billion (S$5 billion) in assets under management, plans to allocate up to US$10 million
By Shubhangi Chowdhury Global cryptocurrency exchange OKX is likely to consider an Initial Public Offering (IPO) in the United States, following its relaunch in the country. This crypto platform recently returned to the American market in April 2024, after a $505 million settlement with the Department of Justice (DOJ) for operating without a money-transmitting
ROCHESTER, N.Y. – The number of cryptocurrency scams is exploding with an estimated $9.9 billion lost by victims just last year. “So, we have only in 2024 have investigated over 6,000 different cases,” said Bezalel Eithan Raviv, CEO of Lionsgate Network. Deanna Dewberry, News10NBC: “All crypto scams?” Bezalel Eithan Raviv: “All crypto. We are a
California Senator Adam Schiff and nine other Democratic lawmakers have introduced legislation to prevent what they called “financial exploitation of digital assets” by the US president and other public officials. In a Monday announcement, Schiff and several Democratic senators said they had introduced the Curbing Officials’ Income and Nondisclosure, or COIN, Act, in response to
Bankrupt crypto exchange FTX has said it should not have to pay a massive $1.53 billion recovery claim by Three Arrows Capital, arguing in a recent court filing that the crypto hedge fund’s “own risky [trading] strategy caused its collapse, and its own account activity — not any action by [FTX] — resulted in a significant