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A Letter to AscendEX Global Community on the Exchange’s 3rd Anniversary

Dear AscendEX users, community members, partners, and supporters: 2021 has been another year of accelerated growth for all of us at AscendEX. The year began with a major milestone – AscendEX’s native token ASD (previously BTMX) ranked as one of the “top 100” cryptocurrencies. This was a remarkable testament to our growth and the contributions…

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Coinbase Aiming to Offer Crypto Cloud Services Chasing $13.5B AWS Profits

North America’s largest cryptocurrency exchange, Coinbase, has grand plans beyond just facilitating the trading of digital assets. Following in the footsteps of e-commerce giant Amazon, Coinbase is offering its own suite of cloud services being dubbed Coinbase Cloud. Speaking to Forbes, Coinbase chief product officer Surojit Chatterjee admitted that the company wants to be the…

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Fidelity Tired of Waiting on SEC, Heads to Canada for Bitcoin ETF

Investment giant Fidelity has headed north for its Bitcoin exchange-traded fund (ETF) filing as U.S. financial regulators continue to procrastinate on approvals. According to a Securities and Exchange Commission filing on Nov 22, the Fidelity Advantage Bitcoin ETF will invest in bitcoin directly or through derivative instruments. Investors will be able to make purchases using…

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Square Changes Name to Block, Discusses Metaverse Initiative

Square has announced a change in name and will now be known as Block. The name change ties in its finance and entertainment services CashApp, Tidal, and TBD, and has also announced a foray into the metaverse. Square is following in Facebook’s footsteps and rebranding itself to Block, according to a tweet made on Dec…

Adrian | support

Adrian Gore: Why we support mandatory vaccinations – we don’t have the luxury of time

The recently discovered Omicron variant has stirred debate around the topic of vaccination. Joining Alec Hogg to unpack the subject is Adrian Gore, CEO of the Discovery Group. The founder also provides an update on Discovery’s mandatory vaccine policy, which was first announced in September 2021. “There is a lot of misinformation and fake news…

Peter Major on Impala’s second attempt at Royal Bafokeng Platinum
Major | Peter

Peter Major on Impala’s second attempt at Royal Bafokeng Platinum

Mining guru Peter Major looks at the performance of the commodity sector during 2021, where prices seesawed over the course of the year. Despite the first six months seeing record prices across the board, commodity prices have fallen off a cliff in the second half. The last few weeks have been flooded with mergers and…

Flash Briefing: Covid-19 cases cancel Ballito Rage; vaccine passport on the cards for SA; petrol price blunder
Briefing | Flash

Flash Briefing: Covid-19 cases cancel Ballito Rage; vaccine passport on the cards for SA; petrol price blunder

After just a day, the Ballito Rage Festival has been cancelled. The annual event came to an abrupt end when party-goers and staff members tested positive for Covid-19. Despite strict protocol, including mandatory vaccination for staff and attendees, 32 guests and four staff members tested positive for the virus. The Department of Health was on-site…

emissions | MAILBOX

MAILBOX: Emissions, diesel and electric vehicles in SA – it’s not as simple as you think

BizNews recently republished an article by MyBroadband, which compared the emissions associated with charging an electric vehicle to those of a diesel-powered car. South Africa, with its coal-powered stations, is the 12th-biggest polluter of greenhouse gases in the world. As a result, the conclusion was that running an electric vehicle isn’t any cleaner than driving a diesel…

Stanlib’s Kevin Lings on South Africa’s unemployment disaster 
Kevin | Stanlib’s

Stanlib’s Kevin Lings on South Africa’s unemployment disaster 

Stanlib’s chief economist Kevin Lings unpacks the latest unemployment data, which reveals a decimated South African economy. In the third quarter of 2021, 660,000 jobs were lost in the formal sector. This takes the total to 2.1 million jobs lost since the start of the pandemic. The unemployment rate rose to 34.9% from 34.4% in…