The United Arab Emirates (UAE) and Saudi Arabia have joined forces to create a cryptocurrency for cross-border transactions, according to Dubai-based GulfNews.
Emirates Investment Authority announced the news on December 12th at the Arab #FinTech Symposium in Abu Dhabi.
According to a recent report by Delphi Digital, the main value drivers for Bitcoin are its ability to serve as a censorship-resistant store of value
as well as offer the world a viable alternative to government-backed currencies
.
Blockchain technology needs a stronger academic approach. This is the key message of the organisers of the upcoming Blockchain Connect conference. The conference will take place in San Francisco on January 11, 2019. Until then, the organisers also opened a call for papers on the topic of blockchain technology.
Cryptocurrency owners do not have to carry a smartphone and a hardware wallet for their Bitcoin anymore. Instead, they can use FINNEY™, the first blockchain smartphone in the world. FINNEY™ is the brainchild of SIRIN LABS. It runs on a proprietary, Google-approved version of Android. Also, it features an embedded cold storage wallet with high level security.
Food safety is one of the greatest concerns at global level. From farm to store shelf, each entity that handles and processes food must ensure that the products are fit for consumption. However, every year we see instances of food tampering or food poisoning outbreaks. Before the authorities step in, and before the source of contamination is pinpointed, people get sick. One supermarket chain wants to do something about this situation. Auchan, the 13th largest food retailer in the world, chose blockchain technology solution by German TE-FOOD, to improve food safety.
Bitcoin fans now have a new way of showing their preference for all things crypto. And that is by wearing a special wristwatch. The Blockchain Series watches celebrate the cryptocurrency world with design inspired by the most popular crypto logos. This is a limited series, the result of the collaboration between Tech Bureau Europe and Chronoswiss.
National Australia Bank (NAB) CEO Andrew Thorburn gave testimony on November 26th as part of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
Bitcoin has been around for quite some time now. However, compared to humanity’s long history with money, cryptocurrency is in its infancy. While many people are already very familiar with Bitcoin, more people still have some learning to do. This has lead to some pretty interesting stories about people interacting with cryptocurrency. To feel better about your personal Bitcoin story, take a look at these stories from around the web.
The issue of counterfeit merchandise has reached the world of cryptocurrency. Last week, the manufacturer of Trezor One hardware wallet posted a warning for its clients. The blog post states that there are one-to-one replicas of their product on the market, which pose a threat to consumers.
Bitcoin and other cryptocurrencies have become the target of special attention from an increasing number of institutions and companies. One of the latest to focus on the state of the crypto world is KPMG. A member of the Big Four group of audit companies, KPMG released a report stating that “cryptoassets are worth paying attention to”, but that it is time to institutionalise them.
