It seems to be becoming a more and more popular theory that cryptocurrency could be the answer to all of the difficulties in the online casino world. This would mean that the slow deposit methods, waiting three to five working days to receive any of your winnings, and having limits placed on how much you are allowed to deposit to play your favourite game online could all […]
Arabian Post Staff DMCC announced its strategic partnership with CV VC and CV Labs, to launch Crypto Valley – the world’s largest ecosystem for cryptographic, blockchain and distributed ledger technologies – in Dubai. Designed to foster growth, collaboration and integrity across the global blockchain economy, the ‘DMCC Crypto Valley’ will offer a variety of services including incubation for early-stage start-ups, co-working facilities, innovation services for corporate clients, blockchain and […]
By Matein Khalid Goldman Sachs shares traded at 190 when I wrote this article, way below its 52 week high at 245 making it a Cinderella in global investment banking at only 8.5 times forward earnings. It is obvious that Goldman’s involvement in the $7 billion 1MDB sovereign wealth heist in Malaysia has led to global outrage, demands for a $6 billion in punitive fine by Prime […]
|By Arabian Post Staff| After a landmark ruling in Germany last week that social media accounts can be inherited by a person’s beneficiaries, DIFC has announced that those who register inheritance Wills with the authority can include such assets in their Wills. Lawyers and lawmakers around the globe have been grappling with the legal status of online assets, not just personal data on sites such as Facebook […]
On Monday, we brought you the story of TokenCard, the Ethereum-based venture set to revolutionise the world of payments by bringing crypto folk the, errr, power of the Visa network. Yes, you’re wondering, what’s so special about that? Doesn’t every above-board payment facilitator offer Visa access? You’re right. They do. And a card processed by Visa is hardly a breakthrough innovation worth shouting about here in the […]
Credit: fdecomite More than 3 million people (three times previous estimates) are estimated to be actively using cryptocurrencies like bitcoin, finds the first global cryptocurrency benchmarking study by the Cambridge Centre for Alternative Finance. While many members of the general public may have heard of “bitcoin”, the first decentralised cryptocurrency launched in 2009, a new report from the Cambridge Centre for Alternative Finance (CCAF) paints a broader […]
Google has announced that it has cracked the Secured Hash Algorithm 1 (SHA-1) cryptographic function, marking a milestone that spells both danger and opportunity for the computing world. The unprecedented feat was achieved through the real-world collision attack on the cryptographic algorithm, which led to the production of two PDF files that contain similar SHA-1 signature. What Is SHA-1? As a mathematical algorithm, the SHA-1 is capable […]
Dubai, 15 December 2016 At the end of October the new cryptocurrency Zcash was launched. It is positioned by its creators as a more secure alternative to Bitcoin. Soon after the launch, the price of Zcash coins skyrocketed, followed by a spike in the installation of the application used to generate Zcash on personal computers. In many of these cases, the app was disguised as something else […]
Quantum computers promise to enable faster, far more complex calculations than today’s silicon chip-based computers. But they also raise the possibility that future computers could retroactively break the security of any digital communications that exist today, which is why Google is experimenting with something called “post-quantum cryptography.” While quantum computer development remains in its early stages, some such computers are already in operation. In theory, future generations […]
SINGAPORE – Media OutReach Newswire – 29 April 2024 – XT, the world’s first socially infused trading platform, is excited to declare the listing of BCCoin (BlackCardCoin) on its Main Zone featuring DeFi, AI, and Web 3.0. The BCCoin/USDT trading pair will commence trading on April 24th, 2024, at 11:30 (UTC). About BCCoin BCCoin, a BEP-20 token deployed on the Build N’ Build layer-1 blockchain, introduces a […]
The Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a key driver of economic growth in the emirate, has unveiled a critical support package for businesses impacted by the recent severe weather. This initiative aims to bolster recovery efforts and empower SMEs to navigate the challenges brought on by the exceptional weather conditions. Dubai SME, a subsidiary of the Dubai Department of Economy […]
Franklin Templeton’s Ethereum ambitions took a step forward with the listing of their “Franklin Ethereum Trust Ethereum ETF” on the Depository Trust and Clearing Corporation (DTCC) website. This development, however, signifies a procedural milestone rather than a final green light. The DTCC listing represents a standard pre-launch step for ETFs, allowing for creation and redemption functions – crucial mechanisms for ensuring the fund’s market price aligns with […]
Grayscale, the world’s biggest digital currency asset manager, once again moved a significant amount of Bitcoin (BTC) to a Coinbase Prime address. The transfer, which occurred overnight, involved over 1,000 BTC, adding to a series of similar transactions in recent months. The reasons behind Grayscale’s repeated transfers of large Bitcoin sums to Coinbase Prime remain unclear. Some analysts speculate it could be linked to internal housekeeping, with […]
SINGAPORE – Media OutReach Newswire – 26 April 2024 – CapBridge, a leading investment syndication and financial products platform based in Singapore, has shared their comments on Hong Kong’s recent approval for the launch of spot Bitcoin and Ether ETFs. The following insights were shared by Johnson Chen, CEO & Founder of CapBridge. On April 15, Hong Kong’s Securities and Futures Commission (SFC) gave the nod for […]
NEW YORK, USA – Media OutReach Newswire – 24 April 2024 – Recently, ZUHYX Exchange announced a series of new social responsibility initiatives aimed at transforming the business success of the company into positive contributions to society. These initiatives involve various charitable activities and social development projects, reflecting the strong sense of social responsibility of ZUHYX as an industry leader and commitment to sustainable development. The latest […]
NEW YORK, USA – Media OutReach Newswire – 24 April 2024 – Recently, the globally leading cryptocurrency exchange ZUHYX announced that it has successfully obtained the MSB (Money Services Business) license from Canada, marking a significant achievement in its globally compliant operations. ZUHYX, through rigorous review processes, has obtained this highly reputable license in the financial industry, proving full compliance with the strictest financial regulatory standards of […]
The Central Bank of Nigeria (CBN) is escalating its fight against cryptocurrency, issuing a directive to banks to freeze accounts associated with major crypto trading platforms Bybit, KuCoin, OKX, and Binance. This move signals a wider crackdown on crypto activity in Nigeria, particularly targeting peer-to-peer (P2P) transactions that have grown in popularity since the CBN banned crypto transactions through banks in 2021. The CBN’s directive casts a […]
DAO Maker, a cryptocurrency fundraising platform, is facing renewed scrutiny over its handling of a 2021 hack that left investors millions out of pocket. Despite initial assurances of compensation, victims say they’ve been left empty-handed, raising questions about the platform’s accountability and transparency. The hack, which occurred in August 2021, targeted DAO Maker Ventures, the platform’s venture capital arm. Hackers exploited a vulnerability to steal around $7 […]
The Securities and Exchange Commission (SEC) is taking a hard line against Terraform Labs and its co-founder Do Kwon, alleging fraud in a lawsuit filed on Monday. The SEC is seeking a hefty $5.3 billion judgment against the defendants, which includes $520 million in penalties and a court-ordered injunction designed to prevent future violations. The lawsuit centers on the collapse of TerraUSD (UST), a stablecoin pegged to […]
Two Securities and Exchange Commission (SEC) lawyers have resigned following a federal judge’s scathing rebuke of the agency’s handling of a lawsuit against a cryptocurrency platform. The resignations come amid allegations of misconduct by the SEC and raise concerns about the agency’s approach to regulating the burgeoning crypto industry. The case in question involved Debt Box, a Utah-based company offering a digital asset trading platform. In July […]
Password manager LastPass finds itself entangled in a deceptive scheme by cybercriminals. Perpetrators are impersonating LastPass staff to infiltrate user accounts, a tactic raising concerns about multi-factor authentication’s (MFA) effectiveness. The attack hinges on social engineering, a strategy that exploits human trust. Victims receive a phone call, often with a spoofed number appearing as a legitimate LastPass line. The caller, posing as a LastPass representative, claims to […]
Ethereum, the world’s second-largest cryptocurrency by market capitalization, has exhibited signs of potential recovery after a slump in the past two years. The token’s price has displayed a recent uptick, buoyed by a surge in network activity and a potential shift in investor sentiment. This tentative rally comes after a period of decline for Ethereum, mirroring a broader trend in the cryptocurrency market. However, several factors suggest […]
Pierre Person As the CEO of Usual Labs, a groundbreaking project set to issue a Real-World Asset (RWA)-backed stablecoin, I am acutely aware of the transformative power of tokenization in the financial landscape, particularly in the burgeoning market of the United Arab Emirates (UAE). As we stand on the cusp of TOKEN 2049 in Dubai, a major event in the Web3 sphere, it’s imperative to discuss the […]
The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai. Representatives of the crypto industry have always stood apart, largely due to their unique character and the nature of their activities. After all, they are pioneers. And the most massive flood in Dubai in […]
Bitcoin transaction fees have dived significantly following the recent block reward halving, according to on-chain data. This comes as a relief to users after a brief surge in fees immediately following the halving event. Earlier this week, the cost of processing a medium-priority Bitcoin transaction reached a high of $146, while high-priority transactions were even more expensive at $170. This spike was attributed to the increased network […]
In a move designed to lure investors seeking lower costs, cryptocurrency giant Grayscale Investments unveiled plans for a new exchange-traded fund (ETF) – the Bitcoin Mini Trust – boasting the lowest expense ratio of any Bitcoin ETF currently available. Grayscale, the world’s largest digital currency manager, currently offers the Grayscale Bitcoin Trust (GBTC), the leading Bitcoin investment vehicle in the market. However, GBTC comes with a 1.5% […]
China’s electric vehicle (EV) industry is no stranger to innovation, and now it’s setting its sights on the skies. The emergence of electric vertical takeoff and landing (eVTOL) vehicles, often dubbed “flying cars,” is not just science fiction anymore. Companies like XPeng AeroHT, a subsidiary of the prominent EV maker Xpeng Motors, are leading the charge in developing these futuristic modes of transportation. XPeng’s recently unveiled eVTOL […]
The burgeoning realm of interconnected devices, the Internet of Things (IoT), and the rise of artificial intelligence (AI) are revolutionizing how we live and work. However, this newfound connectivity presents a double-edged sword for data security. While these technologies unlock a treasure trove of opportunities, they also introduce novel security challenges that organizations must navigate to safeguard sensitive information from data breaches. One of the primary concerns […]
Bitcoin, the world’s leading cryptocurrency, underwent a preordained reduction in its issuance rate on April 19th, according to CoinGecko, a cryptocurrency data platform. This event, known as the halving, cuts the reward miners receive for verifying transactions and adding new blocks to the blockchain by 50%. The halving is a programmed feature embedded in Bitcoin’s code by its pseudonymous creator, Satoshi Nakamoto. It is designed to control […]
For those weary of the constant glow emanating from phone and tablet screens, a new contender has emerged in the realm of mobile companions. The Onyx Boox Palma, a device boasting an E Ink display, is captivating users with its commitment to comfortable reading and surprisingly robust features. E Ink technology, renowned for replicating the look and feel of traditional paper, forms the heart of the Palma. […]
