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South Africa’s currency Rand hits ‘best level in years’

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South Africa’s flagship currency Rand has staged a major recovery against the US Dollar this week, reaching the best level not seen since 2019.

The Rand briefly dipped below the $1 : R14 mark on Monday, before stabilizing between R14.00 to R14.10. But what has caused this fluctuation in the exchange rate.


This time last year, the Rand was in meltdown against the US Dollar. As the value threatened to break the R20 mark, months of gradual recovery brought the currency back to the R15 range. But, following a strong few weeks, ZAR has made in-roads on the Greenback, yet experts believe this is probably the peak of the resurgence:

“It will be interesting to see whether there is enough momentum for the rand to make a run at the 14.00 level. The expectation is for the rand to test lower, but the fact that 14.05 has held a couple of times leads us to believe that going lower could be a tough slog.

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Elon Musk calls Dogecoin ‘a hustle’, admits he has Asperger’s

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Tech billionaire Elon Musk says Dogecoin a hustle, He made his Saturday Night Live debut this weekend, and I’m doing so offered the public at large some significant insights into the eccentric entrepreneur’s character.

His very appearance on the famed late night show also had a cataclysmic effect on the trading price of the Dogecoin share price, which fell nearly 30% when Musk referred to the mercurial cryptocurrency as a “hustle”.

During his opening monologue, Musk admitted for the first time that he has Asperger’s Syndrome, making him the first host of SNL with the disorder. “Or the first person to admit it, at least,” he joked.


Musk’s opening monologue was certainly revealing. His “coming out” over his Aspergers condition fell during his self-deprecatory appraisal of his often strange behaviour, in which he admitted that sometimes he doesn’t convey himself in the most obvious terms, and that this might lead people to be somewhat confused.

“I don’t always have a lot of international variation in the way I speak,” he said, which he noted “also makes for great comedy”.

“I’m actually making history here tonight as the first person with Asperger’s to host SNL. I won’t make a lot of eye contact with the cast tonight, but don’t worry I am pretty good at running human in emulation mode,” he said.

He said that he believes that humanity must become a “multi-planetory space-going civilisation” and said that those who consider him strange or have been offended by his often bizarre tweets, they should consider the following:

“Look, I know I say or post strange things but that’s just how my brain works. To anyone I’ve offended I just want to say, I reinvented electric cars and I’m sending people to Mars in a rocket ship,” he said. “Did you think I was also going to be a chill, normal dude?”


Musk has been a fierce supporter of Dogecoin in 2021, going so far as to label himself the Dogefather after tweeting frequently about how the cryptocurrency is going to take over the world and fund Musk’s vision to take humanity to Mars.

Musk’s tweeting about Dogecoin has helped drive an increased price for the cryptocurrency, with the coin’s 1 cent trading price in January 2021 skyrocketing to over 70 cents during the week leading up to the SpaceX founder’s appearance on SNL.

Unfortunately, Musk’s advocacy for Dogecoin during the SNL skits on Saturday night did not have the desired impact, and the gains recorded in the run-up to his appearance were dashed by around 66 cents to just below 50 cents just hours after the show.

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America Authorities have Sought Court Order to Shut Down Crypto Trading Platform Allegedly Duping Thousands of Investors

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America’s authorities is seeking a court order to immediately shut down the operations of cryptocurrency exchange Platform. The attorney general previously filed a lawsuit against the crypto exchange, but the platform allegedly continued to operate and dupe investors.


The Office of Attorney General Letitia James announced Friday that the attorney general “has taken legal action to immediately halt the continued illegal and fraudulent operations of the cryptocurrency trading platform Coin seed Inc.”

A motion was filed late Thursday “asking the court for a temporary restraining order, a preliminary injunction, and the appointment of a receiver to immediately block Coinseed and its CEO from making any further unauthorized trades and safeguarding investors’ monies,” the notice reads. The receiver will “oversee all assets in an effort to safeguard investments as Attorney General James’ lawsuit proceeds.”

James filed a lawsuit in February against Coinseed and its two top executives, including founder and CEO Delgerdalai Davaasambuu. They allegedly “violated New York state laws and illegally squandered investors’ monies.”

However, in the months since the lawsuit was filed, “the greed perpetrated by Coinseed and its CEO has not only continued, but grown,” the announcement describes, adding that “Coinseed and its CEO have continued their fraud and the Office of the Attorney General (OAG) has learned of new fraudulent conduct.” Within the last three months, the OAG “has received over 130 complaints from investors who are concerned about protecting their assets due to Coin seed’s fraudulent conduct.” According to the lawsuit filed, the platform allegedly “defrauded thousands of investors across the nation.”

This company has continued to operate illegally holding investors’ funds hostage and conducting unauthorized trades in investors’ portfolios, while depleting accounts and transferring virtual currency to an offshore, unregulated trading platform.

“We filed this motion to immediately halt Coinseed’s unlawful activity and protect the investments that are left,” she concluded.

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