Bitcoin 

‘Bitcoin of the Middle East’ Scam Lands Canadian Expat in Dubai Jail

A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent “Sharia-compliant” cryptocurrency and a host of other get-rich-quick schemes. As Gulf News reported on Oct. 30, Aziz “Com” Mirza had cultivated for himself a reputation as an entrepreneur, mentor and Instagram influencer.  He now sits in Al Awir jail after a complaint was filed with the Dubai Police by a UAE resident allegedly defrauded of $150,000 in one of Com’s schemes. The “Bitcoin of the Middle East” Com targeted a global audience, including retail investors from the United…

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Bitcoin 

Bittrex Launches Crypto Platform for Middle East Following New Partnership

Bittrex cryptocurrency exchange is partnering with Bahrain-based crypto exchange and custodian provider Rain Management WLL to launch a digital asset trading platform for customers in the Middle East and North Africa (MENA). The new platform will purportedly combine Rain’s staff and expertise in the MENA region with Bittrex’s technology and security infrastructure, according to an announcement on July 31.  The platform will offer all the tokens that are currently available on Bittrex and Bittrex International. It will also offer four Bitcoin (BTC) trading pairs with local fiat currencies: the Bahraini…

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Ethereum 

Middle East Blockchain Development Primed to Lead the Global Industry

While we often get to hear about how cryptocurrency adoption is rapidly gaining ground in the West, a number of countries across the Middle East — such as Bahrain, the United Arab Emirates and Saudi Arabia — often tend to get overlooked, despite them having made tremendous strides when it comes to establishing regulatory frameworks that are geared toward the optimal utilization of this burgeoning asset class. For example, a recent report by Asia Times has revealed that the UAE is one of the few nations in the world where…

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Blockchain 

UN Partnership to Roll Out Blockchain-Based Telemedicine, Telepsychology in East Africa

The United Nations Office on Drugs and Crime (UNODC) will reportedly partner with blockchain-based telemedicine and telepsychology firm doc.com to expand free basic healthcare services across Eastern Africa. News of the partnership was shared with Cointelegraph in an email on Dec. 26. In an officially sealed letter signed on Dec. 20 by Amado Philip de Andres, Regional Representative for UNODC’s Regional Office for Eastern Africa (ROEA), de Andres wrote that the organization is “willing to cooperate […] in a new partnership.” Doc.com is a tech firm that offers blockchain-based 24/7…

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