New proposals require authorized processing and reporting for crypto transfers to offshore platforms or non-custodial wallets under foreign-exchange rules. South Africa’s National Treasury and Reserve Bank have released draft regulations requiring crypto transfers to offsh
A solo miner scored a major win even as the broader market frets over a multimillion-dollar Coldcard hardware wallet exploit. According to mempool data, an independent miner successfully packaged block 960,804 early Monday The block reward of 3.157 BTC is valued at
Crypto Today: Bitcoin, Ethereum, XRP extend decline amid renewed risk-averse sentiment The cryptocurrency market remains weak on Monday, with Bitcoin (BTC) falling toward the nearest $62,000. Ethereum (ETH) and Ripple (XRP) reflect the sell-off across altcoins, edging lowe
Bitcoin and ether retreat modestly after a hardware wallet exploit drains $114 million, spurring self-custody concerns and exchange inflows. Bitcoin and ether edged lower as a fifth day of losses followed the theft of $114 million from Coldcard hardware wallets. The breach
Draft guidelines require crypto transfers offshore to be routed through authorized providers and reported to the central bank. South Africa released draft rules to regulate cross-border cryptocurrency transactions, marking its first formal step to integrate crypto into fin
JOHANNESBURG, Aug 3 South Africa took a step on Monday toward bringing cryptocurrency into its financial rulebook, releasing draft guidelines that for the first time spell out when moving crypto across borders becomes a regulated and reportable event. The draft Crypto Asse
The firm’s net loss widened to $57.2 million as digital asset losses totaled $71.2 million, offsetting higher mining revenue. American Bitcoin reported a $57.2 million net loss for Q2, driven by a $71.2 million loss on digital assets. The company’s BTC holdings rose 14% to
Bitcoin is holding $60,000 not on strength but on exhaustion, ARP Digital says The market that dragged bitcoin off $65,000 this week didn't sell it hard. It just stopped showing up Bitcoin closed the week near $62,600 after failing to reclaim $65,000, and Yusuf Fakh
Technical indicators and supply dynamics suggest Bitcoin may reach a cycle low in August or September, per research firms. Bitcoin’s monthly relative strength index (RSI) points to a potential bear market bottom in August, according to technical analysis. The RSI, a moment
Daily BTC transfers under 1 BTC reach levels last seen during the FTX collapse following a Coldcard wallet exploit. Bitcoin transfers under 1 BTC surged to $114M on July 31, matching volumes last recorded on November 16 2022 after the FTX collapse. The spike follows report
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