21Jul 2013

No pick axe needed! In traditional fiat money systems, governments simply print more money when they need to. But in bitcoin, money isn’t printed at all – it is discovered. Computers around the world “mine” for coins by competing with each other. How does it happen? People are sending bitcoins to each other over the […]

20Jul 2013

Bitcoin transactions are sent from and to electronic bitcoin wallets, and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the bitcoins were produced. Holding onto bitcoins is great if you’re a speculator waiting for the price […]

19Jul 2013

Is bitcoin legal in South Africa? Bitcoin is of interest to law enforcement, tax authorities, and legal regulators, all of which are trying to understand how it fits into existing frameworks. The legality of your bitcoin activities will depend on who you are and what you are doing with it. Bitcoin has proven to be […]

18Jul 2013
Buy with Bitcoin

What to buy with bitcoins. More merchants are beginning to accept bitcoin in exchange for goods and services, although the best place to find them are still marketplaces and aggregator sites that gather large numbers of supporting establishments together at once. Spending your bitcoins What can you buy with bitcoins? We’ve told you how to […]

17Jul 2013

Worried how to store bitcoins? Bitcoin wallets store the private keys that you need to access a bitcoin address and spend your funds. They come in different forms, designed for different types of device. You can even use paper storage. It is important to secure and back up your bitcoin wallet. Bitcoins are a modern […]

15Jul 2013

Why you should use bitcoin and not just invest in it Bitcoin is a relatively new form of currency that is just beginning to hit the mainstream, but many people still don’t understand why they should make the effort to use it. Why use bitcoin? Here are ten good reasons why it’s worth taking the […]

14Jul 2013
what is bitcoin search image

So what is bitcoin? Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros; they’re produced by lots of people running computers all around the world, using software that solves mathematical problems. It’s the first example of a growing category of money known […]

23Jun 2013

South Africa’s position as the major financial center in the region, its sophisticated banking and financial sector, and its large, cash based market make it vulnerable to exploitation by transnational and domestic crime syndicates. The largest source of laundered funds in the country is proceeds from the narcotics trade. Fraud (advance fee scams, beneficiary maintenance fraud, and deposit refund scams), theft, […]

11Jun 2013

Bitcoin Entrepreneur and Advisor. With over 25 years experience in the banking and financial industry; commercially-minded FCA with bank and internet start-up, property development, scientific (Shell Research) and other commercial experience.  How did you get into Bitcoin? I came across an article on 3 April 2012, talking about how people were buying illegal substances with […]