Pan-African Insurer Old Mutual Will Not Insure Mining Rigs
South African insurance company Old Mutual has refused to insure mining rigs in Africa, making it harder to protect cryptocurrency gear there.
A new documentary – “Banking on Africa: The Bitcoin Revolution” – explores the role of cryptocurrencies in African economies.
South Africa’s financial regulators recommended that cryptocurrency be used for domestic payment purposes, but that it not be treated as legal tender or allowed as a settlement tool.
The CEO of cryptocurrency investment firm VaultAge Solutions has forced into bankruptcy while on the run from angry investors.
Two more governments have taken action against entities in the Karatbars ecosystem over sales of a purportedly gold-backed cryptocurrency.
Hundreds of locals who used to eagerly gather outside the Bitcoin Wallet office in Ladysmith, South Africa are now mobbing the office to demand their money back.