Category Archives: UAE

Bitcoin in the Middle East: A Highly Probable Enigma

Bitcoin Middle East

A source addressing the Middle East News Agency showed a proposed bill to boycott the creation, exchanging, or advancement of digital forms of money without a permit. Already Egypt restricted all digital money under Islamic law.  Shawki Allam, the present Grand Mufti of Egypt, gave that boycott in mid 2018, expressing the innovation could undermine the legitimate framework by means […]

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Southeast Asia’s Bitcoin Cash Acceptance Has Grown with Alchemy’s PoS System

Bitcoin Cash Alchemy POS

Payment and technology service provider Alchemy has just announced the launch of Hybrid Startup’s payment process, a platform that aims to connect cryptocurrencies. (Cryptocurrency) with retailers worldwide Alchemy’s cryptocurrency processes are integrated with Qfpay, a well-known third-party payment company which provides payment services for more than 1.2 million affiliated stores. Alchemy’s Point of Sale (PoS) has been used throughout Japan, […]

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Head of Bitcoin Pyramid Scheme Bitconnect Arrested at Delhi Airport

Divyesh Darji

Police captured Divyesh Darji, a claimed pioneer of BitConnect—a crude, now-old Bitcoin exchanging operation impacted by commentators as a Ponzi scheme—at Delhi air terminal. He had landed on a departure from Dubai in the United Arab Emirates, where he was based. The capture comes seven months after BitConnect suddenly closed down its online digital currency trade following its receipt of […]

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