Bitcoin 

P2P Crypto Trading Volume Increased 2800% in South Africa, Says Paxful

Peer-to-Peer (P2P) cryptocurrency trading platform Paxful has seen 2,800% more trades in South Africa this month compared to October 2018. Demand for crypto sharply increases in S.A. Paxful announced the growth of its South African user base in a blog post published on Oct. 28. In the post, the company also notes that Johannesburg, Pretoria and Cape Town are the three cities that see the highest numbers of users. Paxful adds that the overall number of trades in the African continent also increased by 64% when comparing the current month…

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Bitcoin 

South Korea’s Crypto Youth | Cointelegraph Documentary

In the last few decades, South Korea has been among the fastest developing countries in the world. It is currently the planet’s third-largest crypto economy, after the United States and Japan.  Cointelegraph traveled to Korea to meet a new generation of crypto entrepreneurs who are building the future of blockchain. Among the people we talked to were representatives of established firms — such as crypto investment funds Hashed and Kakao’s blockchain subsidiary GroundX — but also common Korean investors who still see Bitcoin as a path toward a better life. …

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Cryptocurrency 

South Korea Is Hoping for Regulatory Clarity as Crypto Laws Toughen

South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest.  Meanwhile, local politicians and regulators have started lobbying a new set of regulations, which could finally bring some clarity into this complex but crucial cryptocurrency market. So, how likely are they to succeed, and what are the main obstacles? With the opening of Korean headquarters in Seoul, Cointelegraph looks deeper into…

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Bitcoin 

South Korean Exchange Upbit Ends Orderbook Partnership With Bittrex

South Korean cryptocurrency exchange Upbit has broken its partnership with Bittrex in a reorganization of its Bitcoin (BTC), Ether (ETH) and Tether (USDT) markets, local South Korean news outlet Decenter reported on Sept. 25.  Previously it had a shared order book arrangement, with Bittrex orders being visible in the Upbit bid windows. Upcoming reorganization of markets In a notice to customers, Upbit announced its intention to introduce changes into its BTC, ETH and USDT markets. These changes include the introduction of market orders, limit orders, and stop-limit features, although no…

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Bitcoin 

South Africa: The Next Frontier for Crypto Exchanges

Africa is set to be the next battleground for major crypto asset exchanges, as the conditions on the continent are favorable for virtual currency, and as a leading economy, South Africa could lead the charge in this digital transformation. We will examine how the economic situation and the high inflation in Africa could shape the local crypto markets and why people on the second-most populous continent have been gaining an interest in crypto investments. South Africa in particular seems ready to ride the waves and thrive in the crypto world.…

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Bitcoin 

South African Crypto Exchange Hits Milestone 3M Wallets, $5M Volume

Major South Africa’s crypto exchange Luno has continued growing, having processed more than $5 million worth of crypto in August 2019. Marius Reitz, general manager for Africa at Luno, claimed that over 80 million South African rands ($5.4 million) worth of crypto has been completed on Luno’s South African platform on a daily basis in the last month, local tech publication TechFinancials reports Sept. 10. Three million wallets milestone Reitz reportedly stated that South Africa is one of the Luno’s strongest markets, noting the rising appetite for crypto trading in…

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