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Tag Archives: Dubai

Dubai Unveils Blockchain-Based Digital Silk Road Project – The Merkle

Dubai has quickly become a hub for blockchain innovation over the past few months. With the backing of the local government, there are a lot of opportunities waiting to be explored. One of the newest projects is known as Digital Silk Road, which is not connected to the dark web marketplace with which most cryptocurrency users are acquainted. The Digital Silk Road in a Nutshell It ...

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Dubai Bitcoin Exchange Halts Fiat Withdrawals Due to Bank ‘Issue’

Join our community of 10 000 traders on Hacked.com for just $39 per month. Dubai-based exchange BitOasis has suspended UAE Dirham/BTC trading, citing issues with the bank servicing the exchange itself. A communication was sent to BitOasis users yesterday that starting Tuesday, no more dirham can be withdrawn from the exchange, leaving users with today only to move their balance ...

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Opening Shop? Dubai Government Launches Blockchain Business Registry

Join our community of 10 000 traders on Hacked.com for just $39 per month. Dubai’s government is turning to blockchain technology to pave the way for foreign investments and businesses to come into the city-state Emirate. In an announcement on Tuesday, the city’s Department of Economic Development (DED) has unveiled a joint blockchain endeavor alongside the Dubai Silicon Oasis Authority, ...

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Dubai Bitcoin Robbery | Gang that Stole $1.9m Found and Arrested

Dubai Bitcoin Robbery: Thanks to Artificial Intelligence Technologies and smart patrolling, Dubai police have been able to capture ten members of a gang who robbed more than $1.9 million through a fake over-the-counter purchase offer. The victims were two brothers seeking to swap their FIAT money into crypto, through a multi-million dollar purchase of Bitcoins with cash. The amount was ...

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Dubai Launches Blockchain Business Registry To Ease Market Entry

Dubai has partnered with IBM to launch a Blockchain registry that will help businesses operate under its jurisdiction. The latest step in the city’s 2020 Blockchain Strategy was announced in an official press release May 1. The Dubai Blockchain Business Registry Project will also see involvement from Smart Dubai and Dubai Silicon Oasis Authority (DSOA), while the government input comes ...

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Dubai Police Arrest Suspects Behind $1.9 Million Bitcoin Heist

Join our community of 10 000 traders on Hacked.com for just $39 per month. Dubai police have apprehended a gang of ten individuals alleged to have stolen Dh7 million (approx. $1.9 million) from two victims in an armed theft involving the purchase of bitcoin. The victims, incidentally two brothers, sought to buy bitcoin worth AED 7 million in a peer-to-peer ...

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Alibaba Sues Dubai ICO Over ‘Intentionally Misleading’ Use Of Its Brand

Chinese e-commerce giant Alibaba has sued the Dubai-based Alibabacoin Foundation for copyright infringement after the latter’s ICO initially raised $3.5 mln, Reuters reported April 2. According to court filings from the US District Court in Manhattan seen by the publication, Alibabacoin engaged in “prominent, repeated, and intentionally misleading” behavior using the company’s name. There is no relationship between Alibaba and ...

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Aitheon Executives Collaborate with World Leaders on Benefits and Challenges of AI at the Annual World Government Summit in Dubai

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Bitcoin ...

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Dubai Employee Steals $200,000 in Cryptocurrency Embezzlement Fraud using Company’s Trading Platform

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. According to Dubai-based newspaper Khaleej Times, a cryptocurrency trading platform in the city caught its own employee stealing cryptocurrency for his personal use. Both the company as well as the convict were kept anonymous in the entire story. The man was an expert in managing trading systems, ...

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Dubai To Launch Blockchain Marketplace For Tourism Ind… | News

Dubai is launching a virtual business-to-business tourism-specific marketplace using Blockchain technology as part of its Dubai 10x initiative “to be 10 years ahead of other world cities”, local news outlet Arabian Business reports today, March 3. The Dubai Tourism Blockchain Marketplace plans to add an “additional distribution channel for hotels” in the next two years, connecting via Blockchain all tourist ...

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