BitHub Aims to Take South African Bitcoin Scene to a New Level
Africa arguably has the most to gain from Bitcoin adoption, as financial inclusion is still a distant dream for the vast majority of the population. Understanding the potential Bitcoin business prospects in Africa, some Bitcoin companies like Igot, Beam, BitPesa, and BitX have set up shop in the continent. BitHub is the latest entrant, which is promising to help Bitcoin startups in the continent. Based in Woodstock, Cape Town, BitHub is geared towards digital currency innovation. In addition to facilitating Bitcoin startups, BitHub is in talks with Barclays to create a physical space at....
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The Cape Innovation and Technology Initiative (CiTi) has announced it will launch South Africa's first digital currency hub, BitHub. It will serve to be a center point for anyone currently involved in digital currency or interested in learning more. CiTi has already made a name itself in its nearly 20 years of serving the local South African community where it has been a pioneer of new technologies. The nonprofit organizes tech meetups and events, such as a recent virtual reality community gathering, provides resources to developers and runs an incubator for local tech startups."In South....
Space Kenya Networks Limited, a Kenyan web development company, recently announced the launch of its blockchain incubator BitHub. CCN spoke with the director of Space Networks Kenya and founder of BitHub to discuss the crypto- and bitcoin-space in Kenya. In a statement found on the website, BitHub describes its mission as: “Solving problems using innovative Blockchain solutions that are currently under development across the World.” Furthermore, the company says:” We believe that blockchain solutions will make substantial contributions to rethinking existing structures in the following....
The Cape Innovative and Technology Initiative (CiTi) has announced the launch of South Africa's very first Bitcoin incubator, the BitHub. The non-profit innovation group, known for its impeccable contribution in accelerating technology startups in South Africa, believed that it was time for inspiring innovators - coders, entrepreneurs, investors, etc. - to collaborate and build futuristic Bitcoin applications. According to Ian Merrington, the CEO of CiTi, they always wanted to create a private physical space - an incubator - to foster ideas that are particularly pitched to improve upon the....
A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto traders that use offshore exchange platforms to trade or store their crypto assets. Lack of Guidance Blamed Lobban’s warning follows reports earlier in the year which suggested that changes to South African tax laws may have made it “easier for SARS to secure criminal convictions for....
A group of South African banks have pushed ahead with plans to test blockchain applications in a partnership that has drawn support from key regulators in the country. As reported by local outlets IT Web and MoneyWeb, the project included teams from Standard Chartered, Absa, Rand Merchant Bank, Investec and Nedbank. Supporters of the initiative included the Financial Services Board, a major finance regulator; Strate, the country’s central securities depository; and the South African Reserve Bank. The institutions involved developed and tested a system for issuing syndicated loans via....