Share

Cryptocurrency: Is this money, an asset or a get rich quick scheme?

accreditation

When the City of Joburg reported a breach of its network on Thursday night and shut down its website and all e-services, it was because it had received a ransom demand from a group calling itself the Shadow Kill Hackers.

What did they want? A ransom of 4.0 bitcoins (about R436 840) to be paid by Monday at 5pm.

But what exactly is cryptocurrency? Is it something we should be investing in and if so how do we do it?

In this week’s My Money My Lifestyle podcast, Maya Fisher-French and Mapalo Makhu ask the questions you may be too shy to ask. Cryptocurrency experts Sean Sanders and Louis Buys, co-founders of Revix, help us unpack the world of digital money.


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Voting Booth
Peter “Mashata” Mabuse is the latest celebrity to be murdered by criminals. What do you think must be done to stem the tide of serious crime in South Africa?
Please select an option Oops! Something went wrong, please try again later.
Results
Police minister must retire
30% - 132 votes
Murderers deserve life in jail
14% - 61 votes
Bring back the death penalty
56% - 246 votes
Vote