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Israeli Civil Rights NGO Wants Coinbase to Close Hamas Account

An Israeli civil rights NGO has threated to take Coinbase to court over a Hamas cryptocurrency account. The official Telegram channel of Abu Obeida, a spokesman for Hamas’ Izz ad-Din al-Qassam Brigades, made the appeal for Bitcoin asking all the “supporters of our righteous cause to support the resistance financially using Bitcoin”. Shurat Hadin-Israel Law Center is suggesting that Hamas …

Africa and the Middle East: Crypto and Blockchain News Roundup 2-8 February 2019


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. South Africa Blockchain Companies Respond to New Legislation: In the aftermath of the new proposed crypto legislation by the government of South Africa, companies are now starting …

Digital Assets and Blockchain to Be Discussed at 7th World Government Summit by UAE

Digital Assets and Blockchain to Be Discussed at 7th World Government Summit by UAE

The development of blockchain technology and digital assets will be discussed by the Ministry of Finance (MoF) of the United Arab Emirates (UAE) at the 7th World Government Summit, reported Gulf Today on 7 February 2019. The report claims that two closed sessions will be held by the MoF. These sessions will include the development of digital currencies and blockchain and …

Iran Banks Launch Gold-backed Crypto “PayMon”

Iran Banks Launch Gold-backed Crypto “PayMon”

Iran banks have launched a gold-backed cryptocurrency dubbed PayMon, reports the Financial Tribune. The report claimed that four Iranian banks including Bank Melli, Parsian Bank, Bank Mellat and Bank Pasargad have joined hands with blockchain startup Kuknos for the above-mentioned project. Moreover, it has been reported that a billion PayMon will be issued at the first stage. These will be …

Saudi, UAE Banks Join Cross-Border Crypto Project

Saudi, UAE Banks Join Cross-Border Crypto Project

A joint digital currency project has been joined by six commercial banks from Saudi Arabia and the United Arab Emirates (UAE), as reported by Saudi Arabian financial news portal Argaam. The UAE central bank (UAECB) stated that the project would utilize cryptocurrency for facilitating transactions between the two nations. This development followed reports in December 2018 that the two countries were looking …

Hamas Calls for Bitcoin to Combat Israeli Freeze of Millions of Dollars in Qatari Aid

gaza, hamas

The militant arm of Hamas in Gaza has made an appeal for Bitcoin funds after a decision by Israel to temporarily freeze millions of dollars in Qatari aid to Palestine. 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 China are …

Saudi Arabia, UAE to Test New Central Bank Crypto

Both Saudi Arabia and the neighboring United Arab Emirates (UAE) have announced that their central banks are to cooperate on the trial of a new cryptocurrency. The digital currency named Aber was announced in a joint statement released by The Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the UAE. The proof-of-concept trial will be an attempt to …

Iran Central Bank Puts Pressure on Bitcoin Payments

Iran Central Bank Puts Pressure on Bitcoin Payments

A new plan released today indicates that the Central Bank of Iran is to block the use of unapproved cryptocurrencies as a means of payment. The new report entitled “Obligations and Rules Regarding Cryptocurrencies” was released by the central bank claiming that “any cryptocurrency wallets will be used only for holding and transferring cryptocurrencies and integrating any kind of services …

Iran State-Backed Crypto Official Announcement Tomorrow

Iran State-Backed Crypto Official Announcement Tomorrow

A national cryptocurrency in Iran has been in speculation for months, but the official announcement for the launch is anticipated to finally come at the annual two-day Electronic Banking and Payment Systems conference. The conference begins on 29 January in the nation’s capital, Tehran, with the theme this year being ”blockchain revolution”. The primary reason Iran is speculated to be launching the cryptocurrency …

Turkish Crypto Exchange Under Fire for Security, Withdrawal Issues

Turkish Crypto Exchange Under Fire for Security, Withdrawal Issues

Turkish crypto exchange Sistemkoin may have been doing wonders in terms of accumulating new business, recording USD 68 million in volume in 24 hours and over USD 10 million in Bitcoin trades alone. But according to an author at CCN, it suffers from some appalling security problems in its platform. The author claims that there is a significant vulnerability with Sistemkoin’s …

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