power | supply

SA says R218bn power supply challenge is “without merit, self-serving”

DNG Energy, a South African energy provider, had demanded to be appointed as a bidder for power supply contracts. The South African Independent Power Producer Procurement Programme Office had said that the bids were disqualified for being “inadequate”. This is according to Bloomberg, who reports that their legal challenge (including one worth an estimated R218…

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‘Crossing The Yellow Blocks’ Docuseries Starts

Apple TV+ and Google Play have officially released the first episode of the fully tokenized docuseries – Crossing the Yellow Blocks. This docuseries allows viewers to understand blockchain technologies and the industry of decentralized ecosystems. The docuseries is a product of two years of research and constant traveling that is finally being released for viewing…

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BTC On-Chain Analysis: Big Accounts Accumulate While Small Accounts Sell

In this article, BeInCrypto looks at on-chain indicators, more specifically the number of addresses holding different quantities of BTC, in an attempt to isolate patterns of prior bull cycles. The number of addresses holding bitcoin (BTC) has been increasing steadily since December 2018. The behavior of addresses holding a small number of BTC and those…

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Chinese Crypto Mining is Economically Efficient, Argues Canaan CEO

Chinese crypto mining equipment producer Canaan is arguing against the indiscriminate crackdown on cryptocurrency mining in China, citing the industry’s economic efficiency. Cryptocurrency mining is an energy-intensive process, largely powered by fossil fuels in China, which are holding back Beijing’s green efforts. However, Canaan CEO Zhang Nangeng said in an earnings conference call that those…

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BTC, ETH, XRP, DOGE, ZRX, ZEN, DCR—Technical Analysis June 2

Bitcoin (BTC) is trading inside a short-term symmetrical triangle. Ethereum (ETH) and Dogecoin (DOGE) have broken out from descending resistance lines. XRP (XRP) is attempting to break out above the $1.05 resistance area. 0x (ZRX) is facing resistance at $1.28. Horizen (ZEN) and Decred (DCR) are following descending resistance lines. BTC BTC has been trading…

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Crypto and Blockchain Use Scrutinized for Illegal Betting in Asia

In a recent report published by the Asian Racing Federation Council on Anti-illegal Betting & Related Financial Crime, crypto and blockchain solutions are targeted for their facilitation of illegal betting in Asia.  Blockchain and cryptocurrencies are playing an ever-increasing role in the betting and gaming industry. Blockchain-based betting platforms like CasinoLand and Augur Turbo are…

can’t | Krugerrand

Krugerrand? You can’t go wrong. – Experts Peter Major, David Melvill

Yesterday, our partners at Bloomberg reported that gold is headed for the biggest monthly advance since July, with inflation risks in focus ahead of key US jobs data due later this week that will offer clues on the economic recovery. To discuss the rising gold price, we invited two experts to join the BizNews Power…

Briefing | Flash

Flash briefing: Covid variants get name changes, SA’s is now Beta – WHO; unemployment rises; S&P500 CEO pay hikes

South Africa’s official unemployment rate rose to a new high in the first quarter as the construction and trade industries shed jobs. The jobless rate rose to 32.6% from 32.5% in the three months through December, Statistics South Africa said Tuesday in a report released in the capital, Pretoria. That’s the highest number on record,…

Advice | entrepreneurs

Advice for entrepreneurs from titans of industry, Neal Froneman and Faan van der Walt

Top disruptors in their respective industries, Neal Froneman and Faan van der Walt joined the BizNews Power Hour to share on their entrepreneurial drive, passion for business and determination to succeed. Froneman, who is the CEO of mining giant Sibanye-Stillwater, started from the ground-up. “I put myself through university buying and selling used cars”, remarked…

allow | cannot

SAs cannot allow govt to take away their right to self-defence, says Marius Roodt

The South African government has recently announced an intention to propose laws that would effectively prevent firearm ownership for the purpose of self-defence. Recently, firearm campaigner Gideon Joubert joined the BizNews Power Hour (listen below) to explain why this is a harmful idea. “In this bizarre sort of ambiance of increasing violent crime and a…