カテゴリー: luno

Survey: South Africans Turning to Crypto as Hedge Against Volatility of the Rand

Survey: South Africans Turning to Crypto as Hedge Against Volatility of the RandA survey by Luno, a London-based cryptocurrency platform, has revealed that a growing number of people in South Africa prefer holding cryptocurrencies such as bitcoin and bitcoin cash rather than the local fiat unit, the rand. About 70 percent of South Africans have heard about virtual currencies, and most people have been using them as […]

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Exchanges Roundup: Luno Expects ‘Open’ South African Rules, Bitstamp Updates Engine

In this edition of Exchanges Roundup, we look at a Luno executive’s belief that the South African government will introduce “open” crypto regulations. We also focus on Bitstamp, which expects a 1250x increase in matching speed after it integrates a customized version of Cinnober’s trading engine software into its platform, as well as the motivation behind a […]

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Zimbabwe’s Golix Battles To Grow Volume After Breaking Into Seven African Countries

Zimbabwe's Golix Battles To Grow Volume After Breaking Into Seven African CountriesZimbabwean cryptocurrency exchange, Golix, is now active in seven countries across Africa, but it may be sometime before everyone buys into the project. Volume is still very low amid what looks like close competition between old and new exchanges fighting for a small, elite, but steadily growing market. A lack of market markers – those wealthy […]

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Africa and its Antiquated Banking: Cryptocurrencies The Solution?

Africa and its Antiquated Banking: Cryptocurrencies The Solution?Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain or cryptocurrency-centred settlements? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning […]

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Luno Exchange Bank Account Frozen by Malaysian Tax Officials

Luno Exchange Bank Account Frozen by Malaysian Tax OfficialsOver the past few weeks, regulators and financial institutions have been reacting to the worldwide popularity of bitcoin and other cryptocurrencies. In another regulatory-related matter, this week in Kuala Lumpur, Malaysia, the trading platform Luno had its bank account frozen by the country’s tax officials. Also read: Federal Reserve Chair: “Fed Doesn’t Really Play Any […]

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South Africa’s Second Largest Supermarket Chain Pick n Pay Trials Bitcoin Payments

South Africa's Second Largest Supermarket Chain Pick n Pay Trials Bitcoin PaymentsA major supermarket chain in South Africa, Pick n Pay, has started a trial to accept bitcoin payments in-store at its head office location. A payment technology company named Electrum provides the payments platform, with bitcoin exchange Luno providing the Bitcoin payment infrastructure. Also read: Five Leading Russian Universities Start Offering Cryptocurrency Courses Pick n Pay […]

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South African Bitcoin Trading Sets Record Volume

Search Volumes for Bitcoin and Ethereum Enter Inverse CorrelationThis past weekend South African bitcoin trading saw the establishment of a new all-time high for trading volume, in addition to new price highs. The rise in trading volume further evidences the significant growth that South Africa’s bitcoin markets have enjoyed this year. Also Read: South Africa to Take “Balanced Approach” to Bitcoin and Cryptocurrency Regulations […]

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Malaysian Bitcoin Users Divest Carefully Into LTC and ETH

Malaysian Bitcoin Users Divest Carefully Into LTC and ETHLuno has published results of a survey conducted from its Malaysian userbase. The findings yield fascinating insights into the development and psychology of the Malaysian cryptocurrency community. Also Read: Malaysia Bitcoin Trading Volumes Rise as Capital Controls Tighten Approximately 60% of Survey Respondents Described Their Engagement With Cryptocurrency as Being Financially Motivated A recent survey

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