Archive | middle east

Israeli Arrested for Attempted $50M Crypto Sale of ‘Pegasus’ Spy Software

An Israeli man was indicted by the Tel-Aviv District Court on 5 July 2018 for trying to sell top-secret spy software called Pegasus built for Israel’s government. The extremely sophisticated software gained notoriety for being able to hack into Apple iPhones. The man worked as a senior programmer for NSO Group, which gave him access to […]

Major Israeli Exchange to Pass on Client Crypto Details to Tax Office

A local Israeli cryptocurrency exchange has agreed to pass on client information to tax authorities as part of a government drive to tighten cryptocurrency regulations, according to local Israeli news source Calcalist. Major Israeli crypto exchange Bits of Gold will pass on details relating to large cryptocurrency deposits over $50,000 total in the last 12 […]

Young Afghan Female Coders Earn ETH Promoting New Crypto Projects

A non-profit company in Afghanistan which teaches women to write code has partnered with a network which allows students to accept Ether (ETH) for fixing vulnerabilities for businesses or projects posting bounties, writes Coindesk. The company, Code to Inspire (CTI), has partnered with The Bounties Network for this endeavor. According to Fereshteh Forough, the founder […]

Africa and the Middle East: Crypto and Blockchain News Roundup, 1st to 7th June 2018

Africa and the Middle East Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Africa African Union Africa has potential to become next frontier in crypto: According to a report by Economist Nigeria, Africa is […]

Brock Pierce Plugs “Puertopia” at Futurama Crypto Summit

The 2018 Futura Blockchain Summit held last month in Dubai has been hailed by many guests as the best crypto convention ever, according to Bitcoinist. The summit brought together more than 300 leaders of the crypto world, including Bitcoin entrepreneur Brock Pierce.  Reportedly it was the largest convention of the cream of crypto society assembled […]

Iran Sits on Fence over Crypto Adoption as Rial Nosedives

Ever since Iranian Parliamentary Commission for Economic Affairs chairman Mohammad Reza Pourebrahimi declared recently that Iranians had moved USD 2.5 billion out of the country in cryptocurrency, the debate on digital currency has intensified, according to Cointelegraph. In 2017, Iran began developing a local cryptocurrency which was launched earlier in May, although many are skeptical […]

Israel’s New AML Laws Add Clarity for Crypto Investors

Israel’s finance minister Moshe Kahlon has signed draft legislation which has been introduced to combat cryptocurrency money laundering in the Middle Eastern state, writes Israeli business source Globes. The new draft notice is an addition to an existing law, due to be introduced into legislation in June of this year. The money laundering legislation will […]

Africa and the Middle East: Crypto and Blockchain News Roundup, 18th to 24th May 2018

Africa and the Middle East Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. South Africa Public to face probes if they buy crypto from offshore exchanges: The South African Reserve Bank has issued […]

WFP Crypto Food Vouchers Reach over 100k Syrian Refugees

Since last year, the United Nation’s World Food Programme (WFP) has distributed cryptocurrency-based food vouchers to more than 100,000 Syrian refugees living in Jordan, bypassing bureaucracy and getting aid to where it’s needed, reports Rightsinfo. The WFP is just one of an increasing number of global institutions and non-profit organizations and charities adopting DLT in order improve the […]

Africa and the Middle East: Crypto and Blockchain News Roundup, 4th to 10th May 2018

Africa and the Middle East Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. African Union Solar power could push blockchain forward in Africa: Africa receives the most sunlight in all of the large […]

Israeli Court Overturns Bank’s Refusal of Crypto-Related Transaction

Israel’s largest bank, Bank Hapoalim, has been found to have unlawfully blocked a money transfer of USD 195,00 coming from a European cryptocurrency exchange platform, citing unsubstantiated claims of suspected money laundering and terrorist financing. The case was presided over by Judge Limor Bibi, who concluded that Bank Hapoalim did not have any substantial evidence to back […]

Africa and the Middle East: Crypto and Blockchain News Roundup, 27th April to 3rd May 2018

Africa and the Middle East Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. South Africa Tax imposed on Bitcoin and other crypto: In a recent move, the South African Revenue Service (SARS) has announced […]