Cryptocurrency Analysis and News Portal
The National Ulema Council (MUI), Indonesia’s top Islamic scholarly body, has reportedly found cryptocurrencies like Bitcoin (BTC) to be haram, or forbidden, by the tenets of Islam. Asrorun Niam Sholeh, chairman of MUI’s Fatwa Commission, confirmed the religious authority’s rejection of cryptocurrencies due to alleged elements of “uncertainty, wagering and harm.”In
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China may hold the largest number of blockchain patent applications in the world — but according to at least one measure, the greatest number does not mean the greatest significance. As of the end of October, nearly 7,800 companies from about 50 countries and regions around the world have filed a
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Inspired by Miami’s launch of a city token — MiamiCoin — Mark Wheeler, the city of Philadelphia’s chief innovation officer, announced an initiative to bring blockchain and Web 3.0 technology to city governance. Fast facts Wheeler is currently conducting a discovery process to hold conversations with blockchain and Web 3.0 technology
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Muslims are forbidden from using crypto, Indonesia’s council of religious leaders has declared, Bloomberg reported on Thursday.Crypto is forbidden due to the elements of uncertainty and wagering, Indonesia’s authority on Shariah compliance, the National Ulema Council (MUI), announced following a hearing.Asrorun Niam Soleh, head of religious decrees, added that a
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E-commerce giant JD.com took payments in China’s central bank digital currency (CBDC) at a massive local shopping event.JD.com accepted digital yuan (e-CNY) for payment on its e-commerce application for the Singles Day promotion period which began on Oct. 31 and ended on Nov. 11, the firm confirmed on Thursday.Singles Day
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Yet, somehow in the midst of a black swan event that spurred a global pandemic, lockdowns and unfettered quantitative easing, the institutions are, indeed, finally here. Which means financial advisors (FAs) and registered investment advisors (RIAs) are not too far behind, right? Source
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In Nigeria, commercial banks have begun monitoring accounts that appear to be utilized for cryptocurrency trading. The action is in response to an order from the Central Bank of Nigeria (CBN) demanding all commercial banks freeze accounts belonging to at least two individuals engaged in cryptocurrency trading.According to a report
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The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks for financial stability. CBR’s Nabiullina Praises Digital Ruble
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Zam.io has recently announced the listing of its native utility token, $ZAM, on four platforms at once. Zam.io’s blockchain ecosystem is composed of several seamlessly integrated products, including: ZamWallet, a universal crypto wallet for DeFi and CeFi, Intelligent Investment Portfolios, ready-made solutions for investors, and zMorgan, a distinctive protocol capable
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“Some of these guilds are literally using spreadsheets to keep track of their players’ earnings,” Jay Chang, co-founder of Genopets, told CryptoX in an interview. “Our system saves everyone time, and lets the guilds focus more on other things, like the educational component.” Source
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