The price of Bitcoin is measured in a currency like US Dollar (USD) or South African rand (ZAR) . Here’s a quick Bitcoin to rand price calculator and graph.
This price is set on Bitcoin exchanges all over the world by consumers buying and selling it. Since each Bitcoin exchange operates independently, the market force of buyers and sellers will set the price independently on that exchange.
For the first time ever, the price of one bitcoin has surpassed the price of used 1990 Honda Ballade sedans. While today’s swap can be attributed to a good day for bitcoin (up ~3%) and a bad day aging Japanese car owners, the big picture is that bitcoin has more than doubled in the last year (up ~185% from a year ago) while Hondas are essentially trading exactly at the price you would expect them...
Some South Africans want exposure to international stocks and ETFs. Reasons could range from just diversifying their investment portfolio, a devaluing rand, weak domestic and emerging market growth, local political shenanigans… or just playing around with some spare change to learn how these things work. Although there are some powerful trading platforms available to South Africans, the...
We don’t like to talk about how much money we earn (this is the case in the West, at least; when I was living in Taiwan, I believe my neighbours on both sides knew my age, weight and salary). We hide our salary from our friends, peers, colleagues and in some cases even partners. Now, there are reasons aplenty to keep things private and there is always a requirement for some degree of...
I’ve been asked the question a lot: Is Craig Wright really the Bitcoin creator, known by the pseudonym Satoshi Nakamoto?
TL;DR: Who cares?
We should first question the relevance of knowing the real identity of Satoshi Nakamoto.
I’m currently working in Indonesia (and I’ll be here for a few more weeks) enjoying the hustle and bustle from sleepy, beautiful Cape Town.
A lot of apps and websites I use are now (and understandably) showing me their content in Bahasa Indonesia. Despite finding the language interesting and easy to study, I still prefer to see these sites in English.
Kudos to Carel van Wyk, for helping out with this one. I’m releasing it into the wild here to help other people who might have the same problem. The problem There are bots trying to gain access to websites, email and social media accounts, all the time. Don’t take it personally; they’re simply looking for (usually known) weaknesses to exploit and then once they’re in, they use your account to...
Preface: I “drank the cool-aid” early on when it comes to Bitcoin. I bought my first few bits in 2013, made some money and then lost it all again. I’m a firm believer in the technology and I get to work with some of the brightest minds on some of the most intellectually stimulating work, something I believe is the future of finance. I just don’t think it’s the future of remittances in...
Having made my fair share of international transfers, I was mildly blown away by the speed and simplicity of TransferWise. For this very type of transaction, it blows banks, Paypal and yes (with the limited liquidity in markets) Bitcoin out of the water and is part of the reason I’m convinced Bitcoin isn’t a viable solution for remittances yet. I decided to take step-by-step screen...
Formerly Business Development and Marketing at the fast-moving Bitcoin Exchange, Luno (South Africa, Nigeria, Malaysia, Indonesia, Singapore and Europe). Currently travelling and doing research on a round-the-world trip.