CBE renews warning of dealing with cryptocurrencies

Tue, 13 Sep 2022 - 03:58 GMT

In a statement on Tuesday, the CBE said that virtual currencies are not issued by the Central Bank, or any official authority, so they are not considered legal tender.

3 arrested in Egypt over virtual currency scam. Know more about crypto fraud

Wed, 13 Apr 2022 - 12:37 GMT

Trading using virtual currencies is a new method that has been introduced across the world more than two years ago.

Egypt's central bank prohibits issuing cryptocurrencies or carrying out activities related to them

Sun, 28 Mar 2021 - 12:38 GMT

CBE indicated in a statement, Sunday, the high risk involved in dealing in these currencies where it is dominated by instability and extreme volatility in the value of its prices.

Heard of bitcoin's 'halving'? It's set to shake crypto markets in 2020

Thu, 19 Dec 2019 - 11:15 GMT

That's a big change in a market worth about $120 billion where bitcoin worth several billions dollars are created every year.

Facebook’s Cryptocurrency: A Game Changer

Wed, 14 Aug 2019 - 08:14 GMT

Will Facebook be able to turn Libra into a global currency?

Facebook called before Senate panel over digital currency project

Thu, 20 Jun 2019 - 09:46 GMT

David Marcus, who oversees Facebook’s blockchain efforts, is expected to testify, according to a source in Washington familiar with the matter.

Is bitcoin growing up? Regulated futures boom as investors seek a safer ride

Thu, 13 Jun 2019 - 10:07 GMT

The crypto market, associated by many with the dark web, money laundering and the Wild West, is beginning to be discussed by financiers in the same breath as derivatives, hedging instruments and compliance.

USA working on law to prevent Iran from creating "Cryptocurrencies"

Sun, 23 Dec 2018 - 10:51 GMT

The U.S. government seems determined to avoid at all costs that countries with which it does not have the best diplomatic relations, can develop a cryptocurrency.

Bitcoin sinks to new 13-month low

Mon, 19 Nov 2018 - 09:47 GMT

Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform BTC=BTSP.

The bigger Cryptocurrencies get, the worse they perform: BIS

Mon, 18 Jun 2018 - 08:17 GMT

For any form of money to work across large networks it requires trust in the stability of its value and in its ability to scale efficiently, the BIS said.

German online bank uses Bitcoins to transfer loans

Sat, 12 May 2018 - 01:37 GMT

German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin.

Cryptocurrency traders use old gold in drive to draw Islamic investors

Sun, 08 Apr 2018 - 03:04 GMT

A start-up company is issuing a gold-backed cryptocurrency, part of efforts to convince Muslims that investing in cryptocurrencies complies with their faith.

Companies clamp down on crypto ads as regulators play catch-up

Wed, 28 Mar 2018 - 10:08 GMT

growing number of internet companies are banning cryptocurrency advertising, fearing reputational damage if their users are duped or left penniless.

South Korea regulator flags deal for cryptocurrency industry

Wed, 21 Feb 2018 - 07:44 GMT

The regulator said on Tuesday that it hopes to see South Korea normalize the virtual coin business in a self-regulatory environment.

Coincheck heist sheds light on Japan's rush to create cryptocurrency rules

Mon, 12 Feb 2018 - 07:14 GMT

After the Mt. Gox cryptocurrency exchange was stung by a half-billion dollar theft in 2014, Japanese regulators swung into action.

Bitcoin bounces back from three-month low in volatile trade

Wed, 07 Feb 2018 - 07:31 GMT

Bitcoin rallied from three-month lows below $6,000 in choppy trading on Tuesday.

Introducing Financial Technology (FinTech)

Tue, 06 Feb 2018 - 11:55 GMT

Due the importance of FinTech in the 21st century, Egypt Today explains what Financial Technology is and how it can be used.

Bitcoin slides below $6,000; half its value lost in 2018

Tue, 06 Feb 2018 - 09:11 GMT

Bitcoin slid another 13 percent to below $6,000 on Tuesday, bringing the world’s best-known cryptocurrency’s losses to more than half since the start of 2018.

Bitcoin extends losses, down 10 percent on day

Mon, 05 Feb 2018 - 03:11 GMT

Bitcoin extended losses on Monday to slumped 10 percent on the day on back of concerns about a widening regulatory crackdown.

Insurers gingerly test bitcoin business with heist policies

Thu, 01 Feb 2018 - 02:17 GMT

The risks are clear: digital currency investors have already lost billions from dozens of cryptocurrency hacks, technical errors and fraud.