While most fiat currencies can be divided to one-hundredth of their values, bitcoin itself is presently divisible down to eight units. We explore what the terms “millibitcoins”, “bits” and “satoshi” mean, and what their place is within the Bitcoin network. When Satoshi Nakamoto released the bitcoin white paper, bitcoin was designed to be both a [...]
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A unit of the South African Police Service said it’s started an investigation into an alleged cryptocurrency investment fraud that has affected more than 28 000 people and led to losses of more than R1bn. The allegations
Sygnia, the financial services group headed by outspoken businesswoman Magda Wierzycka, plans to launch a cryptocurrency exchange in the third quarter of 2018 that will allow its clients to trade in crypto assets
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While state capture architects have profited from state-owned enterprises, South Africa might have missed the quiet ruin of another key organ of state. The South African Social Security Agency, which plays the critical
Apple has won $539m from Samsung Electronics in the final throes of the companies’ US court struggle over smartphone technology, seven years after the start of a global patent battle. Apple sought about $1bn in a retrial of
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South Africa’s central bank chooses to call digital currencies such as bitcoin “cyber-tokens” because they don’t meet the requirements to be classified as money. “We don’t use the term ‘cryptocurrency’ because it doesn’t
Netflix has soared past Walt Disney in market value on Thursday, taking the title of most valuable media company from the film, TV and theme-park giant. Shares of the video streaming service rose as much as 2% to
Cell C chief financial officer Tyrone Soondarjee is stepping down at the end of the month, less than a year after joining the mobile operator. On a wide-ranging call with analysts on Thursday after markets closed, Soondarjee
Elon Musk’s idea of creating a credibility rating site for journalists and media outlets seems wacky on the face of it. For one, the proposed name, Pravda, is cringe-making for a Soviet-born journalist like me. But not
The US justice department has opened a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, dramatically ratcheting up scrutiny of red-hot markets that critics say are rife
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Qualcomm plans to unveil a dedicated chip to power standalone virtual-reality and augmented-reality headsets as it seeks to break into new businesses beyond smartphones, according to people familiar with the
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Uber Eats, the food delivery business of ride-hailing giant Uber, has acquired South African-owned restaurant technology company orderTalk in what is being billed as a significant exit for Cape Town-based venture capital investor
eMedia Holdings, which indirectly owns e.tv, OpenView HD and 24-hour news channel eNCA, has report a R1.6bn loss for the 2018 financial year, from a profit in 2017 of R160m. Revenue fell from R2.3bn to R2.2bn
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