Latest news with #hardwarewallet
Khaleej Times
4 days ago
- Business
- Khaleej Times
UAE: Crypto scam victims on average lost nearly Dh300,000 each
Approximately $80,000 (Dh293,600) was stolen from each crypto victim of the UAE, the highest globally, during the first half of 2025, according to an analysis by Chainalysis. This has prompted analysts to call for using best techniques to store cryptocurrencies efficiently. According to EC-Council University, investors in UAE and around the world should choose the right wallet as a first step to safeguard their crypto. In addition, they are advised that hardware wallets are the best option, while a paper wallet is an offline solution for securely storing cryptocurrency. It involves generating a document that contains the investor's public and private keys. They also advised strengthening passwords, implementing two-factor authentication, being aware of phishing scams, keeping software updated, safeguarding private keys, backing up the wallet, diversifying the storage and securing the network, among others. According to a global blockchain analytics company's data, victims in the USA came second, followed by victims in Chile, India, Lithuania, Japan, Iran, Israel, Norway and Germany. The UAE has one of the highest crypto adoptions in the world. Nearly 30 per cent of UAE residents own cryptocurrency, followed by Vietnam, the US, Iran, the Philippines, Brazil, Saudi Arabia, Singapore and Ukraine, according to data published by Voronoi, quoting Trip-A. With a score of 45.7 (regarding interest of residents in crypto), the UAE has been ranked third globally after Singapore (50.2) and Switzerland (46.9), said Henley and Partners. 'The UAE stands out as a leading jurisdiction for crypto investors, with its strong public adoption score evidencing a vibrant interest in the crypto ecosystem. The Middle Eastern powerhouse also offers favourable tax policies and a high level of economic stability,' it said. Andrew Amoils, head of research at New World Wealth, said Dubai is home to 6,500 technology millionaires as of June 2024, mainly in fintech, crypto and software development. This comes as Bitcoin hit an all-time high of over $120,000 earlier this week. On Sunday morning, it was trading at $117,860, while total market capitalisation stood at $3.87 trillion. Globally, Chainalysis said over $2.17 billion was stolen from cryptocurrency services so far in 2025, higher than the entirety of 2024. North Korea's $1.5 billion hack of ByBit, the largest single hack in crypto history, accounted for the majority of service losses. Regionally, Eastern Europe, the Middle East and North Africa (Mena), and Central & Southern Asia and Oceania (CSAO) regions saw the most rapid increase in growth in victim totals. North America dominated both bitcoin and altcoin theft, ranking first in both categories. This concentration likely reflects the region's high crypto adoption rates and the operation of threat actors capable of targeting large individual holdings. Europe leads the world in ether and stablecoin theft, potentially indicating some combination of either adoption rates for these assets or an attacker's preference for more liquid, easily transferable assets. Asia Pacific ranked second in terms of total Bitcoin stolen and third in terms of stolen Ethereum, whereas CSAO ranked second in terms of stolen altcoin and stolen stablecoin value. Fairly consistently, Sub-Saharan Africa ranked the lowest in terms of value stolen (second to last in terms of compromised BTC), which is most likely indicative of lower wealth levels in this region and not necessarily a signal of lower victimisation rates among crypto users.
Globe and Mail
7 days ago
- Business
- Globe and Mail
United Network Introduces NFC Card Wallet to Simplify Digital Asset Management
Ras Al Khaim, United Arab Emirates--(Newsfile Corp. - July 17, 2025) - United Network is proud to announce the official launch of its innovative NFC non-custodial card wallet, transforming a traditional bank card into a secure hardware crypto tool. This innovative solution ensures all transactions are secured directly on the chip, providing unparalleled security and ease of use for digital asset management. All private keys are stored only on the card and are never shared with any external devices or services, ensuring a high level of security. United Network To view an enhanced version of this graphic, please visit: The United Network card wallet offers a seamless user experience through its intuitive web interface or mobile application. Users can manage their digital crypto assets with the simplicity of NFC authentication via their smartphone and advancement of hardware wallet, making complex cryptocurrency operations as easy as a tap. The card form factor helps eliminate the complicated usage often associated with traditional hardware wallets, such as the need to connect to a desktop or laptop by cable. The solution was developed according to strict data protection standards. Every device undergoes security testing, so users can be confident their funds are safe, even in case of a card loss. Key Highlights of the United Network Card Wallet: Comprehensive Functionality: Effortlessly send, receive, store, and swap your tokens to any other crypto wallet with just a tap of a card. Card-Sized. Power-Packed: Slides into a wallet like any bank card, offering simple, secure access while keeping private keys fully in the user's control. Multichain Support: Supports Bitcoin, Solana, Ethereum, BNB Chain, TON, Venom, and Tron from day one, with more chains coming soon. Top-Tier Security: Implements multichain cryptography and standards for robust security. Seamless Web3 Integration: Facilitates effortless authentication into Web3 applications. Flexible White-Label Opportunities: United Network offers customizable solutions for corporate and white-label needs. United Network aims to make the digital economy accessible to everyone by lowering entry barriers and providing a secure way to manage digital assets. According to analytics agencies, there are over 400 million cryptocurrency users and more than 1 billion active crypto wallets globally. However, only about 2% of users store their assets on specialized high-security devices. Most continue using online wallets and centralized exchanges, putting their funds at risk. United Network is dedicated to building a user-friendly non-custodial wallet accessible on every NFC-enabled smartphone. This versatile solution caters to personal use, corporate solutions, and white-label partnerships, aiming to democratize access to secure digital finance. For more information, visit the official website at The card is now available for worldwide delivery
