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Egypt Will Issue a Digital Currency Next Year

M. Ali

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Egypt Will Issue a Digital Currency Next Year

Finally, after a long period of refusal, the Central Bank of Egypt revealed that it will complete the study to launch a digital currency next year, in cooperation with a number of international institutions.

According “Almal News“, Ehab Nasr, Central Bank’s VP assistant and head of payment systems and financial technology sector, the central bank will finalize the launch of a digital currency next year.

Nasr said that the Central Bank is cooperating in this regard with international institutions that he did not disclose, also did not disclose whether the new Egypt digital currency will be used only in internal banking transactions or will be available for public use and trade, where the study includes the need for the Egyptian market for digital currency and legislation necessary to launch .

A number of central banks around the world are seriously considering launching cryptocurrencies under their control, notably China’s central bank , Tunisia and Turkey.

The Central Bank of Egypt has repeatedly refused to deal with the use of digital currencies , including Bitcoin, pointing out that their prices are volatile due to speculation and lack of control by governments.

Recently, Arab central bankers recognized digital currencies during the meeting of the Board of Governors of Arab Banks and Monetary Institutions, and stressed the importance of addressing the risks arising from the use of digital currencies and the possible effects on monetary policies and the importance of appropriate preparation and capacity-building of central banks that wish to issue such Digital workers, development of digital identity standards, principles of customer identification, development of legislation and strengthening of international coordination in the face of risks.

Ayman Hussein, Deputy Governor of the Central Bank of the payment systems sector, said in October last year, that the Central bank began a study on the possibility of issuing an Egyptian digital currency, without disclosing further details, stressing that it comes in the context of reducing the circulation of banknotes And the transformation into a non-cash society.

Last year, The Central Bank issued a formal warning last year against dealing in all types of virtual cryptocurrencies, especially Bitcoin, because it is not issued by any central bank and is not supervised by any regulatory body in the world, and therefore lacks the official guarantee and government support enjoyed by the official currencies issued by central banks.

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at [email protected]

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NULS Project Got Hacked

M. Ali

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Nuls Hack

The open-source, enterprise-grade blockchain solution “NULS” has announced that one of the team’s accounts was compromised by a group of hackers and around 2 million NULS tokens, that worth around $474K were stolen.

According to the announcement, NULS will be hard forking to destroy the stolen coins.

What is NULS Project?

NULS is a global blockchain open-source project which is a highly customizable modular blockchain infrastructure; it consists of a microkernel and functional modules. NULS provides smart contract, multi-chain mechanism and cross-chain consensus. It aims to break the technical barriers of blockchain, to reduce the cost of development, and to promote the usage of blockchain technology in the commercial field.

NULS blockchain utilizes POC (Proof of Credit) consensus that is similar to POS (Proof of Stake) which requires locking a certain number of coins to run a masternode to earn a passive crypto income.

The required coins for masternode are 2000 NULS coins which are worth around $485.

NULS USD Price Chart

*Charts data were provided by CryptoCompare

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PIVX Releases v4.0 Core Wallet

June G. Bauer

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PIVX-New-V4-Wallet

After months of teasing, PIVX long-awaited v4.0 core wallet is now out in its complete glory. The new wallet introduces a completely redesigned and re-engineered core wallet with a new Graphical User Interface (GUI).

The new wallet comes with tons of new features such as a brand new PoS time protocol, cold staking feature, new masternodes signed messages, smaller v7 blocks and more.

A screenshot of PIVX New Wallet (Dark Theme)

Some screen shots of the PIVX New Core Wallet v4.0

New startup screens

PIVX V4 Language Selection
PIVX V4 Welcome Screen
PIVX V4 Loading Screen

New Dashboard Screen

PIVX V4 Dashboard

Send Tab


Options Window

PIVX’s Wallet Options

What is PIVX?

PIVX is an open-source, decentralized cryptocurrency that focuses on privacy, security, anonymity, and instant transactions. PIVX stands for Private Instant Verified Transaction.

PIVX is a DASH fork that was launched on January 2016, PIVX is a form of digital online money using blockchain technology that can be easily transferred all around the world in a blink of an eye with nearly non-existent transaction fees with market leading security & privacy.

PIVX USD Price Chart

*Charts data are provided by CryptoCompare


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UNICEF France is Now Accepting Donations Through BAT Cryptocurrency

June G. Bauer

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UNICEF France is Now Accepting Donations Through BAT Cryptocurrency

The French website and the official twitter account of The United Nations Children’s Fund (UNICEF) that helps children around the world, now accepts donations in BAT cryptocurrency.

Donations can be made through using Brave web browser by simply clicking on the BAT icon in the Brave URL bar. Users can choose to make one-time or recurring monthly donations.

Donations in BAT token can be made to UNICEF France

Last October, UNICEF announced that it will be accepting Ethereum or Bitcoin as a form of donations into its recently established Cryptocurrency fund. The received funds will help improve internet connectivity in schools around the world and be able to invest into Blockchain start-ups, provided the projects help children and young people.

What is Brave Web Browser?

Brave browser, which was created by Brendan Eich the creator of JavaScript and a co-founder of Mozilla foundation, is a free and open-source web browser and available on Windows, MacOS, Linux, Android and iOS.

Brave web browser uses its own cryptocurrency , called BAT (or Basic Attention Token), allowing users to earn or donate crypto by just installing and using the browser.

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Scan to Donate Ethereum to 0xc7c6bCfA04f964ee2b552F56410593106A6D0d62

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Scan to Donate Bitcoin cash to 17d992toutxss5yf6zMqGSv2nMXqgXLe71

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