4 Reasons Why Bitcoin is So Popular in South Africa

Bitcoin and cryptocurrencies, in general, continue to thrive in South Africa even as such interest comes with a multitude of scams and fraudulent investment schemes. The country even ranks second in the world for bitcoin searches according to Google Trends. Here are four reasons for the continued interest in bitcoin among South Africans. (1) Internal […]

Continue Reading

Johannesburg Power Company Crippled by Devastating Ransomware

South Africa’s state-owned power company, Eskom Holdings, has become the latest victim of the crippling ransomware attacks that have roiled governments around the world. Eskom Holdings Confirms Ransomware Attack According to the Johannesburg city government’s official Twitter account, the division supplying electricity to the country’s economic capital has had its systems encrypted and held hostage, […]

Continue Reading

Pan-African Insurer Old Mutual Will Not Insure Mining Rigs

Old Mutual, a legacy, pan-African insurance company, announced it will not insure equipment used for cryptocurrency mining, according to a statement released June 10. The company cites the expense, risk, and speculative nature of the industry. Africa contributes less than 10 percent of the total bitcoin hash rate, according to Bitcoin Magazine. Many advocates for […]

Continue Reading