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One Giant ‘LEAP’: Saudi Arabia’s New Global Tech Event

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A landmark technology event of national importance is poised to galvanise public and private organisations in the region and beyond, drive social reform and female empowerment, as well as unlock the Kingdom’s boundless investment potential for seismic economic diversification.

Supported by Saudi Arabia’s Ministry of Communications and Information Technology (MCIT), LEAP will be a key factor in growing the IT sector. The event also aims to reform business opportunities and empower the funding of ideas and nurturing of tech startups–from Saudi Arabia to San Francisco, and everywhere in between.

This unique collaboration between the private sector and the government ensures that LEAP will without a doubt surpass your expectations of a tech event.

LEAP will have 14 focused exhibition areas oozing innovation in artificial intelligence, blockchain and crypto, robotics, 3D printing, IoT, biotech and health-tech, smart mobility and unmanned systems, opensource, quantum, 5G, materials science, space and satellites, data, and fintech.

Promising hundreds of hours of thought-leading conference content, keynote presentations, talks, and lively debates with the major global tech disruptors and change-makers. Audiences will also gain penetrating insights into tech advancements across several dedicated stages.

Hot topics impacting artificial intelligence, startups, future energy, FinTech, the creative economy, BioTech, EduTech, and smart cities will be tackled at the event’s ‘LEAP Keynote Stage,’ ‘LEAP AI Summit,’ ‘Orbital Talks,’ and ‘Startup Pitch Stage.

International innovators and business hopefuls will gain unprecedented access to potential investors and end-users via bespoke ‘LEAP Investor Club’ meetings designed to foster accelerated development programmes. Venture capitalists, private equity providers, sovereign wealth funds, corporate and government accelerators, family offices, university R&D labs, incubators, and angel investors will form the backbone of the Investors Club, with attendees eager to hear, see, and purchase the latest tech solutions.

“Saudi Arabia and the wider Gulf is brimming with many of the most powerful investment funds in the world. LEAP will unlock access to these funds to ignite innovation,” explained Dawson. “LEAP is what the tech community has been waiting for, a global tech event powered by the might of Saudi Arabia; it will have far-reaching implications and could change the entire concept of vertical events for the future. The Saudi Government’s support for the event is nothing short of phenomenal, enabling us to deliver more exhibitor incentives, visitor experiences, and speakers than any other event of its kind.”

For more information, visit this link.

Source: https://www.cryptonewsz.com/one-giant-leap-saudi-arabias-new-global-tech-event/

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Man saves Canadians from Bitcoin ATM scams

TL:DR Breakdown: A store owner in North Delta saved Canadians from sending thousands of dollars to Bitcoin ATM scammers. This scam has been on the rise in the country, as many people aren’t aware of the Canadian law. Scammers are increasingly pestering residents in Canada with lots of Bitcoin ATM scams, where they impersonate certain […]

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TL:DR Breakdown:

  • A store owner in North Delta saved Canadians from sending thousands of dollars to Bitcoin ATM scammers.
  • This scam has been on the rise in the country, as many people aren’t aware of the Canadian law.

Scammers are increasingly pestering residents in Canada with lots of Bitcoin ATM scams, where they impersonate certain government agencies to steal money from unsuspecting people. As the law enforcement authorities go out to inform/warn citizens about the frauds, a British Columbia (B.C) convenience store owner, Ravi Patel, and his wife learned and was able to convince many people from sending thousands of dollars to the scammers via the Bitcoin ATM.

Canadians are losing thousands in Bitcoin ATM scams 

Patel was informed about the rising Bitcoin ATM scams by the local police, who moved around the community to alert the residents who may be unfamiliar with Canadian laws. The B.C. convenience store owner took things a bit further by posting warning signs about the scam on the Bitcoin ATM in his store. The warning was written in both English and Hindi, according to the report.

The store owner mentioned that they had stopped more than eight persons from making crypto transfers to the scammers. Per the report, they recently halted a man from transferring about $5,500 to the scammers via the Bitcoin machine. Also, they were able to intercept a girl’s transaction with the scammers. According to them, she had $7,000 and already sent $3,700 to them. “My wife and I both rushed to her, grabbed her hand, and then we stopped her.”

Scammers impersonate gov’t agencies to defraud people

As reported, the scammers pose as Canadian government agencies when reaching out to the potential victims. The fraudster would claim that these people defaulted on a thing or the other and also ask them to send a certain amount of money via the Bitcoin ATM in order to correct the issue. However, the police made it known that the government would demand any payment or tax from the residents via Bitcoin.

“The government does not demand any payment in Bitcoin. If any Canadian government agency demands you pay your bills, your taxes in Bitcoin, it’s a sure sign it’s a scam,” said Cris Leykauf, who is the public affairs manager for North Delta police. 

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Hackers Demand 200 Bitcoin Ransomware After Compromising Leading Israeli Insurance Company’s Sensitive Data

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A notorious hackers’ group called The Black Shadow has compromised one of the largest insurance companies in Israel – Shirbit. The attackers have already released sensitive client documents and have demanded a ransom in bitcoin, which could rise to $4 million by the end of the week.

Israeli Insurance Company Hacked

According to a local media outlet, the first confirmation of the hack came on Monday evening. Representatives of The Black Shadow group posted an initial batch of compromised documents on a Telegram channel.

Shirbit had contacted the National Cyber Directorate and Capital Market Authority to open an investigation. Shortly after, the organizations confirmed the breach and indicated that the hackers have also leaked numerous insurance details, alongside the initial documents.

According to the report, Shirbit has many high-profile customers, including government employees. Company CEO Zvi Leibushor said that the safety of its clients is Shirbit’s top priority.

“Shirbit has invested millions of shekels in securing databases and protecting against cyber-attacks and meets all the stringent regulatory requirements in this area.” He added that the firm has invested “all resources and efforts needed for an effective safe and rapid solution to this cyber-attack, whose real goal is to try to harm the Israeli economy.”

Demand Requested In Bitcoin

After releasing a small part of the compromised documents, The Black Shadow reps have contacted the victims to request 50 bitcoins (about $960,000 with today’s prices).

However, in case Shirbit failed to pay the attackers within the first 24 hours, the demand would double to 100 bitcoins. The procedure will repeat and double to 200 bitcoins if another 24 hours pass without payment.

Furthermore, the hackers threatened the insurance company that if it fails to transfer the funds by the end of this week, they will sell all compromised data to other bidders.

It’s worth noting that numerous other Israeli companies and high-profile individuals have recently become victims of similar hacks and demands.

CryptoPotato recently reported that 20 Israeli crypto executives, all clients of the local telecommunications giant Partner, were hacked by stealing their SMS messages.

Another coverage informed that a new type of ransomware attacked called Pay2Key has been executed against several Israeli companies in the second part of 2020. The perpetrators had requested the demand in bitcoins, similarly to the Shirbit hack.

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Source: https://cryptopotato.com/hackers-demand-200-bitcoin-ransomware-after-compromising-leading-israeli-insurance-companys-sensitive-data/

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Bitcoin Price to Hit $36,000 in 2021: Kraken Crypto Sentiment Survey

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From what happened in the last couple of weeks, it appears that the crypto bull market is upon us. Bitcoin has been consistent with its volatility-induced rallies, and this is infusing confidence in investors.

So much, so that VIP clients in Kraken’s latest Crypto Sentiment Survey say that BTC will skyrocket to about $36,000 in 2021. They also feel that ETH could revisit its previous highs of $1500.

Bitcoin And ETH To Trade At Average Prices Of $15K and $549 By 2020 End

The latest Kraken Crypto Sentiment Survey covers investor sentiment for the second half of 2020. The exchange had already conducted a similar survey back in March this year. But then investors were way more optimistic about BTC and ETH price growth by December.

Now, the same respondents have retracted their bullish calls for bitcoin and ether (ETH) this year. According to the latest numbers,

The average bitcoin price target among 309 responses fell -35% surveyover-survey to $14,866, well below February’s average of $22,866. The median price target also retraced -28% from $19,424 to $14,000, and the most commonly cited price target was $15,000, down -25% from $20,000.

With respect to ether (ETH), the average price target among 289 responses was $549, off -32% from the previous survey’s average of $810. The median price target was unchanged at $500 and the most frequently cited price target was $500, up +66% from $300.

At 72 percent, traders and investors (down from 81 percent when the survey was conducted in March) comprised a majority of the survey responses. 18 percent of responses came from Institutions (broker, custodian, family office, hedge fund, lender, market maker, private equity firm, proprietary trading firm, or venture capitalist).

And the rest 4 percent – from crypto service providers (ATM, exchange, lender, payment processor) and miners. As compared to March, the researchers at Kraken anticipated a lower price growth optimism from the said respondents since the year is so close to its end.

The Outlook For 2021 Remains Super Bullish

When asked about how they see bitcoin and ether prices in the next year, respondents didn’t shy away from expressing their mega bullish calls. Survey participants called for an average bitcoin price target of $36,602 in 2021. Some put the median bitcoin price target at $25,000, but a lot of folks (approximately 61 percent) felt if not anything else, BTC will at least hit $20,000.

A small section of respondents reported hopium-induced ultra bullish calls.

Approximately, 8% of respondents provided a price target greater-than-or-equal-to $100,000, roughly 20% of respondents reported a price target greater-than-or-equal-to $50,000…

Survey participants were very optimistic about ETH’s outlook as well in the next year. This sentiment came from the discussions around Ethereum’s network upgrade and the growing popularity of the DeFi ecosystem. Respondents think ETH will trade at an average price of $1454 in 2021. Also, at the same time:

Close to 59% believe that ether will, at least, hit $800. Additionally, 22% of respondents see ether surpassing its previous all-time high of $1,595 set in early-January 2018 and just under 92% see ether, at the very least, trading higher than current price in 2021.

What becomes evident from the aforementioned numbers is that participants in a price prediction survey tend to project bullish figures for a longer-term.

Will Bitcoin(BTC) and ether (ETH) hit the above price targets in 2021? That still remains to be seen.

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Source: https://cryptopotato.com/bitcoin-price-to-hit-36000-in-2021-kraken-crypto-sentiment-survey/

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