Saudi Arabia and UAE launch a new joint cryptocurrency

Sun, 2019-01-20 11:19 Saudi Arabia and the UAE have launched a joint cryptocurrency during the first meeting of the Saudi-Emirati Coordination council Saturday in Abu Dhabi, UAE’s national press agency WAM said. The cryptocurrency will be limited to banks during its first stages, until the governments have a better understanding of how Blockchain technology operates cross-borders. The currency operates on the use of a “distributed database between the
| News |

The media outlet that exposed Prigozhin is sold to a magazine magnate

Hello! Our top story this week is about why a glossy magazine magnate bought a small media outlet that punched above its weight with blockbuster investigations into a controversial businessman close to Putin. We also look at a billionaire’s son and his investment in the world’s first cryptocurrency exchange (which opened this week in Belarus), […] The post The media outlet that exposed Prigozhin is sold to a magazine magnate appeared first on The Bell — Eng
| Weekly |

Millennial mysticism: why contemporary poets are turning to the occult

Spells: 21st-Century Occult Poetry argues that poems are spells. Is there something inherently magical about poetry? Spells: 21st-Century Occult Poetry argues forcefully in the affirmative. Yes, there is power in the naming of things. Yes, the rhythms and repetitions of poetry are akin to incantations. An anthology edited by Sarah Shin and Rebecca Tamás, Spells
| News |

Transparency and privacy: Empowering people through blockchain

Blockchain technologies can empower people by allowing them more control over their user data. Shutterstock Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin . It might not be long before its impact is felt everywhere. Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be
| News |

An international criminal gang has been smashed, freeing a British kidnap victim in Syria

An international criminal gang based in Syria which kidnapped a British aid worker in November and demanded a $4 million ransom in Bitcoin has been smashed. Birmingham-born Mohammed Shakiel Shabir was taken at gunpoint two months ago from outside his apartment block in war-torn Idlib. Kidnapping in this area of Syria has become an everyday risk for civilians and aid workers but Shabir never imagined that it would happen to him. Working in the country since the revolution began in
| Article, Europe & Russia, Middle East |

What the Dublin Tram System Hack Reveals about the Future of Hostage Taking

Imagine hackers commandeered a capital city’s transit system, holding it hostage for a cryptocurrency ransom. Consider the implications of this attack: beyond a data breach, it raises serious questions about the security of transportation and infrastructure in modern cities. This isn’t the latest plot from Black Mirror .…   continue »
| Cybersecurity, Technology, Terrorism |

Why I am Still a Cryptocurrency Enthusiast, 2019 Edition

Cryptocurrencies had a rough ride in 2018. As of January 7, 2018, the total market capitalization of all cryptocurrencies tracked by CoinMarketCap.com came to more than $800 billion, its highest point ever. As I write this on January 3, 2019, that total market capitalization is down to about $130 billion — about 1/6th of the More
| articles 2015 |

Why I am Still a Cryptocurrency Enthusiast, 2019 Edition

Cryptocurrencies had a rough ride in 2018. As of January 7, 2018, the total market capitalization of all cryptocurrencies tracked by CoinMarketCap.com came to more than $800 billion, its highest point ever. As I write this on January 3, 2019, that total market capitalization is down to about $130 billion — about 1/6th of the market’s high More
| articles 2015 |

For Warren Buffett, sinking Apple shares a wish come true

Author:  Reuters ID:  1546486240429719300 Thu, 2019-01-03 02:55 SILICON VALLEY: Billionaire Warren Buffett has said he would love to see Apple Inc. shares decline in price so he could buy more. He is getting his wish. Apple’s warning on Wednesday about weak iPhone demand in the holiday quarter due to slower sales in China sent its stock down
| News |

Cryptojacking will continue to grow in 2019

Cases of cryptocurrency mining and cryptojacking will continue to grow in 2019, as attackers target smart devices and home assistants to build cryptomining farms, according to ESET’s latest trends report. Along with cryptomining, Cybersecurity Trends 2019: “Privacy and intrusion in the global village” details the predictions of top experts from the global cybersecurity firm, revealing the cybersecurity trends set to impact businesses in 2019. Trend #1: Cryptomining continues to rise Cryptocurrency mining beat ransomware in terms of media attention in
| Cryptocurrency, News, cryptojacking |

Cryptojacking will continue to grow in 2019

Cases of cryptocurrency mining and cryptojacking will continue to grow in 2019, as attackers target smart devices and home assistants to build cryptomining farms, according to ESET’s latest trends report. Along with cryptomining, Cybersecurity Trends 2019: “Privacy and intrusion in the global village” details the predictions of top experts from the global cybersecurity firm, revealing the cybersecurity trends set to impact businesses in 2019. Trend #1: Cryptomining continues to rise Cryptocurrency mining beat ransomware in terms of media attention in
| Cryptocurrency, News, cryptojacking |

Blockchain revolution rolls on despite cryptocurrency crash

Author:  daniel fountain ID:  1545514608423815100 Sun, 2018-12-23 00:46 LONDON: It was the year cryptocurrencies fell to earth — the crash has been so severe that parallels have been drawn with the dotcom bust at the turn of the millennium. Bitcoin is down 80 percent from just under $20,000 12 months ago to about $3,500 in December. Similar
| News |

Cryptocurrency industry faces insurance hurdle to mainstream ambitions

Author:  Reuters ID:  1545278990405736900 Thu, 2018-12-20 04:00 HONG KONG: Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be embraced by regulators. Getting the buy-in from insurers would mark an important
| News |

With eye on China, Germany tightens foreign investment rules

ID:  1545245322351361700 Wed, 2018-12-19 14:30 BERLIN: Germany agreed new rules on Wednesday to lower the threshold for screening and even blocking purchases of stakes in German firms by non-Europeans, in a move to fend off unwanted takeovers by Chinese investors in strategic areas. The decision by Angela Merkel’s cabinet is a response to mounting concern that China’s state-backed companies are gaining too much
| News |

Dark Markets for cybercriminals are thriving

Stephen Cobb, Senior Security Researcher at ESET reviews the business of cybercrime that is thriving in the absence of counter-effective measures thereby undermining the benefits of digital technology. Are you in the market for stolen data? How about some tools to help you steal data or make money by hijacking other people’s computers? Well you’re in luck. It is now easier than ever to engage in cybercrime thanks to “next generation” dark markets. A dark market is defined here as
| Expert Speak, Security, cryptojacking |

Bomb Threat Hoax Emails Spark Nationwide Evacuations at Offices, Hospitals, News Outlets, and Schools

Common Dreams staff An apparent bomb threat hoax demanding a payment in Bitcoin was circulated by email on Thursday, forcing local police departments to mobilize and evacuations at businesses, hospitals, government offices, news outlets, and schools across the country—including in California, Florida, Illinois, Iowa, New York, Oklahoma, Massachusetts, and Michigan.
| News |

Google top searches revealed

This year’s most trending queries in Saudi Arabia, Egypt, and the UAE had a few things in common, especially between Egypt and Saudi Arabia where the more traditional songs dominated the top songs list. Football was also a common theme between Saudi Arabia and Egypt, who both competed in this year’s World Cup. Most searched words – UAE 1. World Cup 2. Indian Premier League 2018 3. Sridevi Kapoor 4. Priyanka Chopra 5. Passport Index 6. Fortnite 7. Bitcoin Price
| News, Egypt, Google Search |

Abu Dhabi’s Al Hilal Bank uses blockchain to sell sukuk in secondary market

Author:  Reuters ID:  1543225468737324800 Mon, 2018-11-26 09:19 DUBAI: Abu Dhabi’s Al Hilal Bank has executed the world’s first sukuk transaction using blockchain technology, it said on Monday. The Islamic bank used the distributed ledger technology, best known as the underpinning of crypto-currency Bitcoin, to sell and settle in the secondary market a small portion of its $500 million five-year
| News |

Bitcoin sinks to new 13-month low

Author:  Reuters ID:  1542619429602425400 Mon, 2018-11-19 09:19 LONDON: Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform. Bitcoin was last down 5.2 percent at $5270. The cryptocurrency, and other lesser coins including ethereum and XRP, endured a sell-off last week, with some blaming fears that a “hard fork” in
| News |

A small miracle of the App Age: I entrusted my children to a stranger – and they loved it

We knew her name, the number of times her services had been engaged, and of a few short testimonials, apparently from real people, though who knows? My wife and I had arranged a night out, and since nobody we knew was available to look after our young children, we entrusted their care to a stranger – yes, there’s an app for that.
| News |

Early bitcoin investors count winnings after volatile decade

Author:  Reuters ID:  1540965096916765500 Wed, 2018-10-31 05:00 NEW YORK/LONDON: Seven years ago, Marshall Hayner gave his grandfather one bitcoin, worth about $30. On the paper wallet he fashioned to commemorate the gift, the US entrepreneur and software developer wrote: “Do not open until $100,000.” It made Hayner’s grandparents laugh, and indeed bitcoin has not come anywhere near that level.
| News |

Is the Middle East ready for robo-traders?

Author:  daniel fountain ID:  1540937232982789100 Wed, 2018-10-31 01:15 Antonio Simeone, co-founder of Euklid, which manages savings and investments through thousands of algorithms, tells Arab News how his company is developing code that aims to understand not only the vagaries of the market but also the psychology of the trader. Can you describe the likely application of your idea? That
| News |

Afghan voting, Ugandan mudslides and Burundi’s rusty old signs: The Cheat Sheet

Here’s the IRIN team’s weekly take on humanitarian news, trends, and developments from around the globe. */ On our radar A vote for stability in Afghanistan   This weekend, analysts will be keeping an eye on voter turnout for parliamentary elections – seen as a harbinger of public confidence ahead of presidential elections scheduled for next April – as well as signs of voter fraud, which has marred previous polls. Afghan authorities
| News |

Zambia central bank warns against use of cryptocurrencies

Bank of Zambia (BoZ), the country’s central bank has cautioned members of the public against cryptocurrencies. BoZ says cryptos are not legal tender in the Republic of Zambia, local portal Mwebantu reports. The bank stressed that persons who involve in such transactions will be doing so at their own risk because cryptocurrencies are not issued by the bank or any known player in the finance sector. Mwebantu further reports that the BoZ statement comes at a time when there was
| News |

William Boyd’s Love is Blind: the story of a sweet-natured outsider told at a cracking pace

Boyd’s career consists of an endless flow of stories in the great realist tradition, with strong plots, well-rounded characters, and written in a language that anyone can understand. Among the literary big beasts who emerged in the 1980s – you know who I mean – William Boyd remains perhaps the most difficult to categorise. The early novels A Good Man in
| News |

Cryptocurrency theft hits nearly $1 billion in first nine months

Author:  Reuters ID:  1539173031798267700 Wed, 2018-10-10 12:00 NEW YORK: Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from US-based cybersecurity firm CipherTrace released on Wednesday. The report, which looks at criminal
| News |

World first digital sukuk targets Bitcoin generation

Author:  Matt Smith ID:  1539113159122279600 Tue, 2018-10-09 22:01 BARCELONA: Later this year, what purports to the world’s first digital sukuk will launch, bringing Sharia-compliant social impact investing to the masses. Blossom Finance — an Indonesia-based, US-owned and regulated company that’s guided by one of the Gulf’s most renowned experts in Islamic finance — hopes its pioneering products can enable
| News |

UAE plans initial coin offerings to boost capital markets — regulator

Author:  Reuters ID:  1539007714582654900 Mon, 2018-10-08 12:29 ABU DHABI: The United Arab Emirates plans to introduce initial coin offerings (ICOs) next year to provide companies with a fresh way to raise money, the head of the securities regulator said on Monday. In ICOs, companies issue cryptocurrency tokens to investors, in much the same way as they issue shares in
| News |

Ether cryptocurrency, a victim of blockchain success

Author:  AFP ID:  1537677927641840700 Sun, 2018-09-23 03:50 LONDON: For all the attention afforded bitcoin, it is its rival ether that is hitting the headlines, with the popularity of its blockchain technology Ethereum driving concerns that have sent investors fleeing. Virtual currencies have struggled across the board this month after US investment banking giant Goldman Sachs pulled back from its
| News |

How to avoid falling victim to fake financial apps

Lukas Stefanko, Malware Researcher at ESET highlights that cybercrooks have used fake finance apps on Google Play to phish six online banks and cryptocurrency exchange worldwide. The writer also shares tips to secure yourself against such crimes. Another set of fake finance apps has found its way into the official Google Play store. This time, the apps have impersonated six banks from New Zealand, Australia, the United Kingdom, Switzerland and Poland, and the Austrian cryptocurrency exchange Bitpanda. Using bogus forms, the
| News |

Europol warns on Daesh cyber threat

Author:  REBECCA SPONG ID:  1537286397274875900 Tue, 2018-09-18 18:44 LONDON: Daesh followers could be seeking cyber-attack tools from the so-called ‘digital underground,’ according to a new report from Europol. With Daesh forces having lost most of their territorial strongholds in the Middle East since 2016, the terror organization has increasingly retreated to the web to continue its campaign. The annual
| News |

Japan regulatory head scolds weak regional banks: ‘Don’t blame BOJ’

Author:  Reuters ID:  1534931931371171200 Wed, 2018-08-22 09:50 TOKYO: Japan’s top financial regulator said regional banks “should not blame the Bank of Japan” for their woes, urging them to explore ways to survive ultra-low interest rates. “They should not just sit and wait for the BOJ to change its policy. Will everything be alright if it seeks exit and normalizes
| News |

Confusion reigns as Venezuela braces for release of new banknotes

Author:  AFP ID:  1534743874983980500 Mon, 2018-08-20 05:37 CARACAS: Beleaguered Venezuelans braced Monday for the rollout of President Nicolas Maduro’s radical new plan to curb the spiraling hyperinflation that has thrown their oil-rich, cash-poor nation into turmoil. Caracas is issuing new banknotes after lopping five zeroes off the crippled bolivar, casting a pall of uncertainty over businesses and consumers across
| News |

Opera PC Browser now with built-in crypto wallet

Opera, the popular browser announced that it is adding a built-in crypto wallet to its PC Browser and all the user will need to do is to connect their Opera PC browser with the crypto wallet-enabled Opera mobile browser by simply scanning a QR code on their Opera PC browser. This will grant them access to their mobile wallet with cryptocurrencies and collectibles. This will allow users to sign transactions with their fingerprints instead of using long passphrases, while maintaining
| Apps ,Cryptocurrency ,News |

Watts Miners launches new line of mining rigs

Watts Miners, a company that develops and sells cutting edge cryptocurrency mining rigs equipped with ASIC chip technology, launched its line of mining rigs for BTC, ETH, LTC, DASH and XMR with unprecedented hash rates as a result of advanced ASIC chip technology. The rigs are equipped with industrial power for mining farms as well as retail household consumers and are currently priced below market alongside Watts Miners Grand Opening offers which include a buy three, get one free effective until
| Cryptocurrency ,News ,ASIC chip |

HTC launches first blockchain phone

HTC announced the launch first major blockchain phone – the Exodus and expand the blockchain ecosystem by creating the world’s first phone dedicated to decentralized applications and security. With the release of the HTC Exodus, which includes an all-important cold storage wallet, we can now make this a reality. “In the new internet age people are generally more conscious about their data, this a perfect opportunity to empower the user to start owning their digital identity. The Exodus is a great
| News ,Smartphones ,Animoca |

South Africa kidnappers demand ransom in bitcoin to free teenager

A criminal gang in South Africa who kidnapped a teenage boy on Sunday are demanding a ransom in bitcoin crytocurrency of nearly $120,000, police said. Katlego Marite, 13, was dragged into a car while playing with two friends near his home in Witbank, a town in the eastern province of Mpumalanga, on Sunday afternoon, police spokesman Leonard Hlathi said. “They demanded that the family should deposit a sum of 15 bitcoins, not in rands,” he told news channel eNCA.
| News |

Dubai-based crypto exchange BitOasis to suspend dirham transactions amid issues with local banks

BitOasis, the leading digital asset exchange of United Arab Emirates that allows customers to buy different cryptocurrencies including Bitcoin and Ripple is suspending dirham deposits and withdrawals from 4th June onwards. The company had announced the decision last week in an email sent to its users, giving them 24 hours to complete any dirham transaction […] The post Dubai-based crypto exchange BitOasis to suspend dirham transactions amid issues with local banks appeared first on MENAbytes .
| News ,Technology ,Crypto |

Canaan IPO puts Hong Kong at centre of blockchain world

The Chinese chipmaker plans to raise $1 billion with a HKEX listing, as the industry moves from murky ICOs to a more regulator-compliant environment The post Canaan IPO puts Hong Kong at centre of blockchain world appeared first on Asia Times .
| Canaan ,Bitcoin mining ,HSBC |

Is blockchain the answer that Africa needs?

Conversations about blockchain have grown louder and louder in recent months sending ripples across the continent. About two years back when cryptocurrency started gaining fame on the continent, state financial institutions were quick to strongly warn their citizens against making investments. In fact this week, Zimbabwe effected a ban against cryptocurrency. But elsewhere on the continent, leaders in government and influential figures are now at the forefront of blockchain intergration. So what changed in such a short time?
| News |

Goldman-backed startup to launch dollar-based token

Circle Internet Financial also gets investment from the world's biggest Bitcoin miner, Beijing-based Bitmain, to launch the USD Coin The post Goldman-backed startup to launch dollar-based token appeared first on Asia Times .
| Circle ,Bitmain ,stablecoins |

For real royal tradition, look to crowd's taste in wedding souvenirs

Limited edition package of Crown Jewels Condoms? Wedding-themed cryptocurrency? Giant Harry and Meghan dolls? They're all on offer. But who's buying them?
| News |

Zimbabwe bans banks from processing payments for cryptocurrencies

Zimbabwe’s central bank has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin, its governor said on Monday, but stopped short of banning local cryptocurrency trading exchanges. In the southern African nation, those who trade in bitcoin say it offers rare protection as their bank deposits lose value almost by the day while others use it to fund family members studying abroad or purchase goods online. On Golix.com, the largest of only two trading platforms for
| News |

How rogue states learned to stop worrying and love Bitcoin

Iran, Venezuela and supposedly North Korea have all tried to turn to crypto-currencies to side-step US sanctions, with varying degrees of success The post How rogue states learned to stop worrying and love Bitcoin appeared first on Asia Times .
| crypto-currency trading ,Economic Sanctions ,Iran |

Pakistani crypto PakCoin up by 60% despite central bank ban

PakCoin founder 'Abu Shaheer' believes the move worked in the currency’s favor by exposing its name, so "more people got interested in it" The post Pakistani crypto PakCoin up by 60% despite central bank ban appeared first on Asia Times .
| South Asia ,Pakistan ,Cryptocurrency |

Buffett the Bitcoin slayer meets crypto Wolves of Wall Street

The Oracle of Omaha compares Bitcoin trading to 'rat poison,' while New York investment heavyweights launch crypto trading platforms. So who is right? The post Buffett the Bitcoin slayer meets crypto Wolves of Wall Street appeared first on Asia Times .
| Wall Street ,crypto-currency trading ,Bitcoin |

The media and the murky world of Chinese Bitcoin mining

The story that stolen Icelandic computers may be in China was bigger in crypto media than a major mining operator manipulating the Bitcoin market The post The media and the murky world of Chinese Bitcoin mining appeared first on Asia Times .
| China ,crypto-currency mining ,Antpool |

Bitcoin banknotes in Singapore as S Korea eases crypto stance

The Southeast Asian city-state and Seoul look to be joining Japan with an open-door policy for crypto-currency investment, trading and use The post Bitcoin banknotes in Singapore as S Korea eases crypto stance appeared first on Asia Times .
| Tangem ,Bitcoin banknotes ,Singapore |