The future of wealth is here, and Wall Streeters are on the bandwagon. Where before they were “tourists” at the cryptocurrency and in particular Bitcoin conferences, they are now “more engaged and actually participants”, says Ava Labs President John Wu, an attendee at the weekend’s world’s largest Bitcoin conference.
But one of the biggest indications that crypto is the future, is the $22.5 million paid by an unknown buyer for a Miami penthouse in the most expensive cryptocurrency-based real estate purchase ever.
Bloomberg reports that digital currencies have become an increasing part of boardroom discussions, with Wall Street firms expanding their sell side crypto research, venture capitalists pouring more and more money into blockchain technology, and everyone waiting for crypto exchange-traded funds to open the floodgates for institutional money.
Here’s a round-up of the world’s top and most interesting business headlines.
SA Business
Wierzycka’s last set of Sygnia results – Moneyweb
Iqbal Sharma tells court he has ‘no association whatsoever’ with the Gupta family – The Citizen
South African industrial hub has found a faster route to the sea – Bloomberg
US Business
Colonial Pipeline’s Bitcoin ransom mostly recouped by US – Bloomberg
Crypto 2021 price prediction: Why Ethereum is ‘on track’ to surpass Bitcoin’s market cap – Forbes
Microstrategy selling first-ever corporate bonds to buy Bitcoin – Bloomberg
In-depth
Corruption in a pandemic: R15bn (and counting) – I want to pay my taxes to Gift of the Givers
Sisulu’s multimillion rand housing ‘corruption headache in the Eastern Cape – Mail & Guardian
LIFE IN PHOTOS | Remembering Shaleen Surtie-Richards – Channel24
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