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Dysfunctional States And State Crypto

Dysfunctional States And State Crypto (1)

French Finance Minister Bruno Le Maire has said that cryptocurrency will never replace a government’s sovereign currency. Le Maire’s comments were made in the light of growing concerns by regulators over Facebook’s intended launch of its own cryptocurrency in 2020. Mark Carney, Governor, Bank of England also said that the new digital currency will be under scrutiny to ensure it …


Tehran’s Water Themed JCPOA Tower Would Double as Crypto Mining Center

iran, jcpoa, cryptocurrency, mining

In Iran, a visionary skyscraper which includes a cryptocurrency mining facility is on the drawing board as part of the 2019 Evolo Skyscraper Competition. Named the JCPOA Tower, the structure is essentially a complex water theme park rising to 1837 ft (560 meters) with an open tiered system which allows spectators to view the swimming pools and internal structures that …


Dubai to Develop Blockchain-Backed Mortgage Platform

Dubai to Develop Blockchain-Backed Mortgage Platform

A blockchain-backed mortgage platform will be developed by the Dubai Land Department (DLD) in partnership with Mashreq Bank (based in UAE), noted The National in a report published on 28 May 2019. The DLD is the real estate arm of the Executive Council of the Arab emirate. As per the report, the blockchain platform will make sure that the mortgages comply with registration …


Africa and the Middle East: Crypto and Blockchain News Roundup 13 May to 19th May, 2019

Africa

Africa and the Middle East Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country. Kenya Kenya’s biometric ID scheme, blockchain for refugees, universal health and moonlighting officials: The government of Kenya has hired the Minneapolis-based company BanQu to help create blockchain-based digital …


Dubai Bitcoin Towers Aston Plaza Project Delayed

Bitcoin is being used increasingly in the real estate market but it looks as though the Aston Plaza project in Dubai is one project which may be facing a delay. The luxury residential project targeting the crypto rich launched in 2017 by high-profile U.K. entrepreneurs Baroness Michelle Mone and Doug Barrowman costing USD 323 million to build, is still only …


Hamas Adopts New Detection Avoidance Tactics In Bitcoin Fundraiser

In a story being followed by Bitcoin News, further developments in Hamas attempts to raise fund via Bitcoin have resulted in the mechanism for receiving payments being changed. Hamas have now switched to a system which requires a new digital wallet generated for each donation rather than donors sending Bitcoin to a single digital address, or wallet, in an attempt …


Israel Tech Institute Accuses Professor of IP Rights Violation

Israel

A civil suit has been filed by the Technion Israel Institute of Technology against one of its faculty members, accusing him of establishing a zero knowledge proof technology company for which he used institute’s resources, reported Calcalist (local media outlet) on 22 April 2019. Prof Eli Ben-Sasson was accused of violating the institute’s intellectual property rules. The suit has been filed with the …


Afghans Look to Sovereign Crypto Bond to Raise $5.8 Billion for Economy

Afghanistan is planning to jumpstart its ailing economy with a blockchain-based sovereign crypto bond. The announcement to attempt a cryptocurrency solution to three decades of economic turmoil came at a meeting of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) in Washington recently. According to the Central Bank of Afghanistan’s governor Khalil Sediq, …


Chinese Miners Struggle for Easy Ride in Iran

Things aren’t turning out to be smooth for Chinese Bitcoin miners heading into Iran to profit from cheaper electricity rates. Long before China hinted it may consider halting Bitcoin mining projects, the exodus began and Iran recently became a hotspot for miners along with parts of South East Asia such as Vietnam and Cambodia. China’s National Development and Reform Commission …


Hamas Bid for Bitcoin Donations Struggles to Get Off Ground

Hamas Bid for Bitcoin Donations Struggles to Get Off Ground

The fundamentalist Palestinian organization Hamas is to continue its call for cryptocurrency donations which has only resulted in a meager few thousand dollars since its call for funding two months ago. Hamas, the de-facto ruling authority of the Gaza Strip in Palestine, is regarded by several countries, including the US and the EU, as a terrorist organization. Russia, Turkey, and …


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