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Global Digital Industry Group Launches Mining Business Bitworld
17.9.2020
The UAE cryptocurrency giant, Global Digital Industry Group (GDIG), has established its mining subsidiary Bitworld and will invest $50 million in the company by 2021 as it works to build the company’s presence in the Middle East bitcoin and Ethereum mining industry. GDIG has appointed...
Reshaping the Financial Sector of the Middle East With Finnovex Middle East 2020
15.9.2020
09/08/2020, Dubai: Advanced technology and innovation have forever disrupted business operations of the past. With changing trends and customer expectation, product offerings, service, and business operations has been the center of the continuous cycle of adopting and adapting to the latest...
$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July
4.9.2020
Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged...
$50 Billion in Cryptocurrency Left China Amid Escalating Trade Wars
24.8.2020
Over $50 billion in cryptocurrency flowed out of China over the past 12 months amid trade wars, a new study finds. East Asia is the world’s largest cryptocurrency market; its crypto trading volume is driven by “a robust professional market” as well as an “extremely...
East vs. West — How Does Cryptocurrency Adoption Compare?
18.8.2020
For the East and West, the paths to blockchain and cryptocurrency adoption are not the same and both have their own challenges
Huobi Launches Global DeFi Alliance To Merge East and West
17.8.2020
Can teamwork bring together the fragmented crypto space?
Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in Iran
14.8.2020
During the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July. According to the Chinese mining operation Lubian, it claims to operate...
Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America
8.8.2020
On August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S....
Hyperinflation Hits Lebanon: Food Prices Soar 200%, Biggest Crisis Since Civil War
27.7.2020
Lebanon has entered hyperinflation, the first country in the Middle East and North Africa to do so. With a 462% annual inflation rate and food prices rising by almost 200% this month, Lebanon has joined Venezuela in hyperinflating. Meanwhile, the Lebanese pound has lost 82% of its value this year....
2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners
24.7.2020
Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining...
What It’s Really Like to Live on Bitcoin in the Middle East
14.7.2020
The story of a Syrian migrant in Iraq shows how bitcoin can work as intended – as a global currency that transcends borders
Comparing Blockchain Ecosystem Building in the East and the West
8.7.2020
A Unitize panel looked at two approaches to building blockchain ecosystems from the government of The Netherlands and a Singaporean accelerator program
Bitcoin.com Exchange Announces Listing of New Digital Asset BUY by Burency
19.6.2020
Bitcoin.com Exchange is thrilled to announce the upcoming listing of a new digital asset on the 20th of August 2020 at 10:00 UTC. BUY by Burency is a new cryptocurrency that aims to increase cryptocurrency and blockchain adoption in the Middle East. BUY will be listed with BTC and BCH trading...
The Truth About Bitcoin and Hezbollah in Lebanon
17.6.2020
Will Hezbollah in Lebanon use bitcoin? The data suggests terror activity is uncommon despite surging crypto popularity across the Middle East
China Considering East Asia Regional Cryptocurrency to Rival Dollar and Libra
17.6.2020
China comes up with yet another crypto-related plan to take on the hegemony of the U.S. dollar in international payments
Leading Middle East Telecoms Firm Zain Joins Hedera Governing Council
15.6.2020
Major telecoms provider Zain has joined the governing council for distributed ledger platform Hedera Hashgraph
East Asia Digital Token Initiative Inspired by Facebook’s Libra Plan
11.6.2020
Policymakers in China have suggested creating a joint Japan-China-South Korea-Hong Kong digital currency that would function in a manner not unlike Facebook’s original plan for the Libra project.
Per Seoul Daily, 10 members of the National People's Congress – the biggest and most powerful...
Wild, Wild East: Why the ICO Boom in China Refuses to Die
8.6.2020
“Chandler Guo was a beef salesman who now lives in a 100,000 square-foot California estate he calls the “Mansion of Chives” after a slang term associated with retail investors losing money.”
How Bitcoin Fits Into Lebanon’s Banking Crisis
5.6.2020
Lebanon's crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent
Four Rules For Trading Cryptocurrency In South-East Asia
3.6.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Since bitcoin’s creation in 2009, cryptocurrencies have fascinated, intrigued and tempted investors ever since.
With volatile price changes, and the ability to trade centralised currencies with the digital...