Beyond bitcoin and cryptocurrencies, the future of blockchain in Qatar may lie not only in the banking and finance sectors but also in supply chain-intensive industries such as oil and gas or in facilities management, an expert said.
Police busted a crime ring based in Spain that used credit cards and cryptocurrencies to launder €8mn ($9.8mn) from drug traffickers, Europol said on Monday.
Cryptocurrencies are failing as a form of money and have shown classic signs of being a financial bubble, requiring regulators to protect consumers and stop their use for illegal activities, Bank of England Governor Mark Carney said on Friday.
The attack is the first major incident made public in which a new breed of hackers took over a large numbers of websites to effectively create currencies like bitcoin which are generated by using computing power.
With a tech-savvy population quick to adopt the latest gadgets and a young generation facing dim prospects in the conventional workplace, South Korea has been a fertile ground for virtual currencies.
The surging price of cryptocurrencies in global markets is catching the eye not just of ordinary retail investors but a cybercrime gang with links to the North Korean government, according to cyber researchers tracing the group's activities.