Bitcoin Archives - Voice of the Cape

Climate concerns to crime: Bitcoin’s dark side draws scrutiny

Bitcoin’s latest rally to another all-time high north of $60,000 may have lost some steam this week, but its blistering ascent since last year has reignited concerns about the toll Bitcoin is taking on people and the planet. In the United States, President Joe Biden’s administration has voiced concerns over Bitcoin’s role in money laundering, the potential fallout of financial speculation, and Bitcoin’s environmental impact. In China, where more than […]

17 March 2021

News

Parker family says no ransom demand received

No ransom has been demanded for the release of alleged kidnapping victim, businessman Liyaqat Allie Parker. This according to a family spokesperson who said the “the reports are completely untrue”. Earlier on Wednesday, media reports stated that a ransom demand of R50 million in Bitcoin was sent to the family via email to secure the release of the 65-year-old founder of the Foodprop Group, a claim the family denied. Speaking […]

11 July 2018

Local

Sars clarifies its stance on bitcoin

Taxpayers have to declare cryptocurrency gains or losses as part of their taxable income. The South African Revenue Service (Sars) will continue to apply “normal income tax rules” to cryptocurrencies such as bitcoin and has urged taxpayers to declare cryptocurrency gains or losses as part of their taxable income. The growing popularity of cryptocurrencies such as bitcoin and ethereum and the rollercoaster ride some of these have experienced over the past […]

7 April 2018

Bitcoin

Climate concerns to crime: Bitcoin’s dark side draws scrutiny

Parker family says no ransom demand received

Sars clarifies its stance on bitcoin

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