Places Middle East

Miners in Iran are being awarded licenses to jack up operations as the network’s ‘hashrate’ sees a hit.

The Bank of Israel has built the pilot scheme of its digital shekel on the Ethereum blockchain.

Fireblocks faces lawsuit over key management incident, resulting in $75 million loss.

Decentralized payments network RippleNet will be used to connect the National Bank of Egypt and UAE-based financial services provider LuLu International Exchange.

UAE investors were more upbeat on the future of the broader crypto market than Western expats, a survey found.

The acquisition would allow Canadian payments company Nuvei to issue crypto banking accounts and Visa cards.

Two alleged "exit scams" in just one week prompted the Turkish government to address the issues of crypto regulation.

Turkish police launched an investigation after one of the largest crypto exchanges in the country went dark.

3IQ's rapidly-growing Bitcoin Fund turns its sights to the Middle East.

The currency tumbled this morning, following a backlash from investors after President Erdogan fired the central bank governor.

The combined company’s estimated valuation is currently $10.4 billion.

FD7 Ventures, a Dubai-based crypto investment fund with $1 billion under management, has announced plans to sell off $750 million worth of their Bitcoin holdings in the next month. The proceeds from the sell-off will be used to purchase Cardano and Polkadot, as the fund’s managing director says he believes ADA, DOT, and ETH will […]

Cybersecurity firm SophosLabs has traced MrbMiner, a new cryptojacking virus that primarily targets powerful database servers, back to a small software company in Iran, according to a report published yesterday. “MrbMiner is a recently discovered cryptominer that targets internet-facing database servers (SQL servers) and downloads and installs a cryptominer. Database servers are an attractive target […]

Popular social trading app and website eToro became the latest FinTech firm to get a “unicorn” classification earlier this week, local publication Calcalist reported. The firm is now valued at over $2.5 billion. From crypto and stocks to a unicorn player eToro is an Israeli social trading and multi-asset brokerage company that focuses on providing […]

The Irani government will now allow imports to be paid for using Bitcoin, as per a recent report in local publication ISNA. The move is the first-of-its-kind and marks an important milestone in Bitcoin’s history. Iran has moderately friendly towards the Bitcoin market thus far. Earlier this year, the state allowed for the legal setup […]

Two Nigerian scammers were held last week after hatching an elaborate fraud to steal “$435 million around the world” using illicit emails, luxury brand showoffs, and Bitcoin. Identified as Ramon “Hushpuppi” Abbas and Olalekan “Woodberry” Ponle, the duo showed off a lavish lifestyle complete with luxury cars, expensive watches, private jets, and gold watches on […]

In a move helping to prove the intrinsic value of Bitcoin and other crypto assets, Iran’s government is finally marking an end to the national currency, the rial, after years upon years of hyperinflation in response to poor economic conditions. Iran is dropping the rial for the toman According to the New York Times, the […]

Uğur İbrahim Altay, the Mayor of Turkey’s pioneering blockchain city Konya, will speak at the upcoming IstanBlock 2020. Held on April 9-10 in Istanbul as the crowning event of Istanbul Blockchain Week, Mayor Altay will provide deeper insights into project ‘City Coin’ which aims to drive improvements in local government services and infrastructure. Turkey’s pioneering […]