A recent study reveals that 83% of crypto investors have been scammed or hacked, highlighting the increasing threats in the cryptocurrency space. The research uncovers the most common types of scams and the financial impact on investors.
Category: Finance
Finance insights covering banking, fintech, investment, financial services and market developments shaping Africa’s economy.
XRP Set to Lead Quantum-Ready Blockchain Security, Says D24 Fintech Group
XRP is positioning itself as a quantum-ready blockchain by proactively securing its infrastructure against future quantum computing threats. With its focus on quantum resistance, XRP aims to become a leader in secure and scalable financial networks. Its innovative approach to blockchain technology, fast cross-border payments, and strong ties to the financial sector make it an appealing choice for financial institutions and governments, especially in light of emerging quantum technology.
Crypto in SA: Between Progress and Precaution – What You Need to Know
This article examines the evolving landscape of cryptocurrency in South Africa, highlighting the balance between progress and caution. It provides key insights into the regulatory environment, the potential for crypto adoption, and what businesses and investors need to know about navigating this emerging sector.
Bybit crypto heist: Five key lessons to prevent a repeat
Two-factor authentication, liveness checks, and a centralized approach reduce the likelihood or eventual impacts of a hack, says D24 Fintech Group.
How to Invest in Art Like a Pro
Art has become an increasingly attractive alternative investment, offering the opportunity to diversify one’s portfolio, while having the potential for significant returns. One of its biggest advantages is that, at the very least, it tends to hold its value, and, over time, it can appreciate, all while offering buyers the pleasure of enjoying their acquisitions.
New Crypto Compliance rules – what Directive 9 means for CASPs
This article discusses the tightening of crypto regulations in South Africa, particularly Directive 9, which mandates Crypto Asset Service Providers (CASPs) to implement stringent measures for tracking and reporting crypto asset transactions. The directive includes a ‘travel rule’ requiring detailed client information to accompany crypto transfers over R5000. It emphasizes the responsibility of CASPs to comply with South African regulatory frameworks like FICA, to ensure transactions are free from criminal activities such as money laundering and terrorism financing. The article also highlights the use of tools like VOCA to help CASPs stay compliant.
Alternative investments: Don’t overlook the potential of up-and-coming artists
Investing in emerging artists offers a unique opportunity to diversify portfolios while supporting cultural innovation. This article explores the financial potential of artworks by up-and-coming talents, highlighting how early investments can lead to significant returns as these artists gain recognition. It also discusses strategies for identifying promising artists and the benefits of incorporating art into alternative investment portfolios.
Finding the money to change South Africa’s trajectory
South Africa’s national budget for 2025 is under heavy scrutiny due to concerns about rising debt, government overspending, and the challenges of maintaining fiscal stability. The article explores the country’s fiscal outlook, with attention on the growing debt-to-GDP ratio, potential new taxes, and funding issues surrounding Transnet and Eskom. The proposed basic income grant (BIG) and the economic risks associated with the global political landscape also add to the fiscal pressure. The property sector faces challenges from government inefficiencies, infrastructure issues, and economic instability. The budget’s outcome will be critical for sustaining growth and investor confidence in South Africa.
Driving Ethiopia’s Digital Issuing Revolution – Two Sides of the Same Coin
This article provides an in-depth look at Ethiopia’s digital issuing revolution, examining the dual aspects of technological advancements and regulatory frameworks. It highlights the efforts to foster a digital economy, offering a comprehensive analysis of the opportunities and challenges in transforming Ethiopia’s financial landscape.
EFTCorp delivers Africa’s first open-loop payment solution for Rubicon charging stations
EFTCorp’s innovative open-loop payment system enables users to charge their electric vehicles at Rubicon charging stations without the need for specific membership cards or apps. This advancement simplifies the charging process, promoting the adoption of electric vehicles in Africa.