Autor Cointelegraph By Arnold Kirimi

Swiss BSV to establish blockchain academy in the Middle East

Swiss BSV to establish blockchain academy in the Middle East

Uverejnil používateľ | feb 7, 2022 |

The first blockchain school in the Middle East will open in Riyadh, Saudi Arabia, according to an announcement by the BSV Blockchain Association. The new institution will reportedly provide training and development tools for government organizations and enterprises interested in adopting or experimenting with blockchain technology.Per the announcement, the Saudi Blockchain Academy (SDA) will work with the Swiss-based Bitcoin SV (BSV) Blockchain industry association to educate experts about new technologies, assisting in implementing Saudi Vision 2030.The Ministry of Communications and Information Technology (MCIT) of the Kingdom of Saudi Arabia established the SDA as a major national project to develop both human capital and digital skills for the future and prepare its youth for employment in communications and information technology sector.The BSV association and SDA will collaborate through Riyadh’s new blockchain academy to provide learning and development resources for various audiences, including developers, students, startup entrepreneurs, business executives, and government agency officials.Blockchain technology has seen a wide range of potential applications in many areas such as financial services, healthcare, and telecommunications, among others. Many big tech companies, including Google and IBM, are actively participating in developing blockchain-based applications.Per the announcement, the school will focus on the BSV blockchain and is part of a growing number of sector-specific educational programs launched by the SDA. Eng. Faris AlSaqabi, Deputy Minister for Future Jobs & Capabilities at MCIT said:”Since the initial academies announced at our launch event in October 2021, we continually look to add new fields of learning. Given the high interest in blockchain technology, we are proud to work with BSV’s team to bring world-class blockchain training to Saudi Arabia in this landmark initiative for the Middle East.”Related: Crypto firms ignore Africa at their peril as continent set for major adoptionSeveral nations have embraced blockchain technology and digital assets in the Middle East with a more progressive perspective. Several regulators have pushed for a slew of crypto-friendly laws in various countries in the region.In Sept. 2021, the UAE’s local authorities unveiled a new regulatory framework that encourages cryptocurrency trading and related activities in Dubai’s economic free zone, potentially laying the groundwork for wider adoption and innovation throughout the country. As reported by Cointelegraph, the Emirates Postal Group, or EPG for short, announced that it was the first postal organization in the Middle East and North Africa to issue digital-collectible stamps.

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Scam alert! Binance CEO warns users of massive SMS phishing scam

Scam alert! Binance CEO warns users of massive SMS phishing scam

Uverejnil používateľ | feb 4, 2022 |

Binance CEO Changpeng Zhao has alerted the crypto community against a ‘massive’ SMS phishing scam targeting Binance customers.On Friday, CZ tweeted alerting users of a phishing scam campaign directed at Binance users through SMS.There is a massive Phishing scam via SMS with a link to cancel withdrawals. It leads to a phishing website to harvest your credential as in the screenshot below.NEVER click on links from SMS! Always go to https://t.co/9rMMAmtCxH via a bookmark or type it in.Stay #SAFU pic.twitter.com/erNwe90FN1— CZ Binance (@cz_binance) February 4, 2022As per the screenshot shared by CZ, the scam involves sending users a text message with a link to cancel withdrawals, leading users to a fake website designed to harvest their login credentials. The CEO has warned its users not to click on any links from SMS messages and advised them to always type the URL for the exchange into their browsers manually.Several cases of hacking and phishing have emerged so far in 2022, with some platforms suffering significant losses as a result of these attacks. Related: Hodlers beware! New malware targets MetaMask and 40 other crypto walletsAs reported by Cointelegraph, the Wormhole token bridge was subject to a security vulnerability on Wednesday, resulting in the loss of 120,000 Wrapped Ether (wETH) tokens ($321 million) from the platform. On Jan. 17th, $33.8 million in crypto assets were stolen from Crypto.com following a security breach.Users of digital currencies have also been advised against a new malware that targets browser plugin wallets such as MetaMask and Coinbase Wallet.

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North America to lead growth in blockchain market, new report says

North America to lead growth in blockchain market, new report says

Uverejnil používateľ | feb 3, 2022 |

A new report indicates that the blockchain industry is set for astronomical growth in the next decade, with the North American market leading the way. The report by Fortune Business Insights, titled “Blockchain Market Analysis Research Report, 2021-2028,” mentions that the global blockchain market size is expected to reach a whopping $104.19 billion by 2028, exhibiting at a CAGR of 55.8% across the forecast period.The presence of major industry players such as IBM, Microsoft, Oracle, AWS, Digital Asset Holdings and others in the North American market is expected to have a significant impact during the forecast period. For comparison, the regional market was valued at $1.44 billion in 2020.According to the research, the pandemic has expedited demand for cloud-based services and software, resulting in a market ripe for blockchain innovation. The demand for secure and transparent data management is greater than ever, with more and more organizations seeking to establish virtual work platforms.The report highlights that blockchain’s increasing popularity is due to enterprises’ need for software as a service in order to maintain business continuity. According to the study, small business enterprises (SMEs) utilize Blockchain-as-a-Service solutions to protect their digital assets and validate human identities, implying that demand for BaaS services will continue to rise.The growing concern over data security is expected to drive demand for blockchain technology in the future. The technological demands, including cross-border transactions, clearing and settlements, trade finance platforms, digital identity verification, and credit reporting, are expected to fuel future growth in the blockchain sector.Related: Alphabet exploring blockchain technology for flagship servicesBlockchain technology has seen initial implementation across several major industries such as banking and financial services, media and entertainment, logistics and transportation, healthcare, retail, public sector, food and beverages, energy, and utilities.Big tech companies are increasingly shifting focus to the blockchain space to capitalize on the increasing demand for distributed ledger technology. As Cointelegraph reported, Google’s parent company, Alphabet, is looking into using the innovative technology in its core products and services, such as YouTube and Google Maps.

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Alphabet exploring blockchain technology for flagship services

Alphabet exploring blockchain technology for flagship services

Uverejnil používateľ | feb 2, 2022 |

Google has started researching blockchain and how it may benefit Web 3.0 technology.According to a Tuesday statement from Sundar Pichai, the CEO of Alphabet — Google’s parent company — the company is exploring integrating blockchain technologies into its flagship products and services.When asked how the firm views Web3, Pichai said there are several “areas of interest” for Alphabet, hinting at augmented reality and exploring how blockchain technology may be utilized to power computing and service layers like YouTube and Google Maps. He said:”Any time there is innovation, I find it exciting, and I think it is something we want to support the best we can […] The web has always evolved, and it’s going to continue to evolve, and as Google, we have benefited tremendously from open-source technologies, so we do plan to contribute there.”Pichai also noted that Google’s cloud team, a new company area that competes with the likes of Amazon Web Services and Microsoft, is exploring how to fulfill customer demands through blockchain-based platforms.Related: Google Cloud ramps up blockchain efforts by launching digital assets teamNotably, these are just the initial ideas Alphabet has made regarding the new decentralized web. Other organizations, including prominent Silicon Valley IT titans, have been far more proactive in adopting Web3 than Google.Block, Twitter, Microsoft and Meta  have unveiled their plans for Web3 and services that utilize cryptocurrencies. As reported by Cointelegraph, Polygon teamed up with a Reddit co-founder to launch a $200 million Web3 gaming project. Google, however, has remained on the sidelines until now.Pichai would not address Google’s cryptocurrencies efforts during the call.  Twitter has plans to integrate digital currencies into the platform’s creator tipping service. Meta had similar expectations for the Diem stablecoin project, though it was ultimately suppressed to the point of canceling the whole project.

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Central Bank of Jordan reveals CBDC plans

Central Bank of Jordan reveals CBDC plans

Uverejnil používateľ | feb 1, 2022 |

Central Bank of Jordan (CBJ) has revealed that it is researching issuing a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and have legal standing.Adel Al Sharkas, the governor of CBJ, has reportedly stated that his institution is researching the option of creating a legal digital currency. He also predicted that cryptocurrency trading might eventually be permitted in Jordan once the appropriate legislation is in place. He said:“With regards to the plans to issue a Jordanian digital currency, a study is underway to develop a legal digital currency linked to Jordanian dinar. It is possible in the future to allow cryptocurrency trading, after enacting [the] legislation and regulations.”Per the report, Sharkas’ comments were made during a meeting dedicated to discussing digital currencies. The comments followed Jordan’s Lower House Economic and Investment Committee Chairman Khair Abu Salik’s warnings about the dangers of cryptocurrency trading.At the meeting, officials are reported to have discussed the form of regulation that would be required to protect investors from such dangers. They also talked about launching a licensed cryptocurrency trading platform.The CBJ governor reportedly argued that Jordan banned cryptocurrency trading to protect investors from fraudulent crypto investment schemes. He mentioned China and four other Arab countries have imposed similar bans.Jordan has now joined the select club of countries that have either begun or are exploring CBDC development. According to data from the Atlantic Council, as of June 2019, 91 nations are currently working on their sovereign digital currency, with just 14 having reached the pilot phase. Per the data, nine nations have already implemented a CBDC.Related: Iran to reportedly pilot central bank digital currency soonSwitzerland and France have completed several digital currency cross-border tests. China is currently at the forefront of the CBDC development, but many European and Asian nations are speeding up their development plans to keep up with its speed.

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