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The Ministry of Finance of the United Arab Emirates will discuss the development of blockchain and digital assets in the country’s economy
The news was reported by business news outlet the Gulf Today on Feb. 7.
The MoF will hold two closed sessions devoted to global financial trends, including the development of blockchain and digital currencies and building a feasible economic environment around the two technologies. The conference participants will also discuss the developme
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Shoppers of Amazon would like to be able to purchase a wider variety of products, including cryptocurrency
In the course of the survey, Investing.com reportedly surveyed over 1,000 Amazon shoppers in order to discover ordering frequency and the trust level customers have in the company. Notably, the survey polled customers on what products they are comfortable buying under an Amazon brand.
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Liechtenstein-Based Crypto Fund Manager Receives Backing from Dubai Royal
Despite a slump in cryptocurrencies the previous year, Invao has already invested over $1 million and managed to turn a profit, according to business publication Arabian Business. “Even in our worst month we still made 8 percent profit on our investments,” said Frank Wagner, co-founder of Invao.
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Facebook has acquired Chainspace in its first apparent blockchain-related acquisition
Sources told that Facebook acquired Chainspace, a small blockchain startup, in an ‘acquihire,’ or an acquisition of a company made primarily for the skills or expertise of its staff, rather than the service or products the company provides.
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Binance CEO says Amazon “will have to” сreate its own crypto in future
The retail giant has made efforts to adopt forms of blockchain technology in the past, but its relationship with cryptocurrency remains tied to rumours.
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IBM has completed a trial of blockchain technology to track a shipment of mandarin oranges from China to Singapore
Announced today, 28 tons of mandarin oranges, or 3,000 cartons containing approximately 108,000 fruits, were delivered ahead of Chinese New Year celebration on Feb. 5 (mandarin oranges are a symbol of prosperity, IBM explained). The main shipping document, the bill of lading, was recorded on a blockchain.
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Binance Users Can Now Pay for Crypto With Credit Cards
The world’s largest cryptocurrency exchange by adjusted trading volume, has just made it easier for users to buy cryptocurrencies.
The exchange announced Thursday that it has partnered with Israel-based payments processing firm Simplex to enable purchases with Visa and MasterCard credit cards.
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Japanese IT giant Fujitsu has developed a blockchain-based system for electricity exchange between enterprise consumers that aims to facilitate a more stable energy supply at peak periods.
Fujitsu said it had tested the “patent-pending” blockchain system and achieved a roughly 40 percent improvement compared to an existing system called demand response (DR), which lets electricity consumers help balance the demand and supply of power by reducing or shifting their electricity usage during p
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French cryptocurrency hardware wallet manufacturer has released a dedicated mobile app
The app previously available for desktop is now available for Android and iOS mobile devices.
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Iran could unveil its state-backed cryptocurrency at the Electronic Banking and Payment Systems conference this week
Iran, which has faced fresh sanctions from the United States since November, had previously planned to use blockchain-based financial tools as a way of sidestepping restrictions on its economic growth.
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