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A rising number of central banks (CBs) are likely to issue their own digital currencies in the next few years, research by the Bank for International Settlements (BIS) showed, as interest in the technology heats up.
Zhong deceitfully procured the cryptocurrency from The Silk Road, a site on the dark web once known as the Amazon of drugs, ten years ago.
The Dubai Criminal Court has sentenced a gang of 4 Africans, including a fugitive to one year in prison and ordered them to pay jointly a fine of Dhs342,000 over the charges of robbery under knife-point.
Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin, the world’s biggest and best-known cryptocurrency,
Global stock markets mainly dropped on Friday, with investors focused firmly on the outlook for interest rate hikes as central banks battle to bring down sky-high inflation.
The leading cryptocurrency has been consistently positively correlated with the Nasdaq since late November, unlike in previous years where it would routinely turn negative, meaning they moved in opposite directions.
Bitcoin slumped more than 10 per cent over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s planned Libra digital coin.
An Asian gang of 7 people lured victims who planned to invest in trading the digital currency "Bitcoin," and seized Dhs320,000 from 5 people, in addition to seizing other amounts estimated at $1 billion.
That follows what was already the worst start of the year for bitcoin in history. After hitting a record high of almost $68,000 in November, it is now worth under $36,000.
The UAE has taken a leadership role in the Middle East region with the government sector leading the charge in technology adoption.