crypto

Cryptocurrencies have perplexed Muslim scholars for several years now. Debates generally concerns its status as currency: Shari’ah principles forbid usury—lending money to make profits through interest—and prefer exchanges of goods to be backed by physical assets, like gold. But cryptocurrencies typically aren’t backed by physical assets, and people can make massive profitsRead More →

crypto

The United States Securities and Exchanges Commission (SEC) is planning to run through contractors a bitcoin and an ethereum node, in addition to “as many as possible of the following blockchains: Bitcoin Cash, Stellar, Zcash, EOS, NEO, and XRP Ledger.” They provide no concrete reason as to why they needRead More →

crypto

The Trump administration has filed a $100 million lawsuit against infamous bitcoin exchange BTC-e and its alleged operator, Russian national Alexander Vinnik. Vinnik, who remains in custody in Greece as governments worldwide jockey to extradite him, stands accused of laundering billions of dollars worth of cryptocurrency stolen from other exchanges, most notably Mt. Gox. Trump DOJ Sues BTC-e,Read More →

crypto

While reports suggest that Iran’s economy is far from a crash, they still cannot be called an economically stable nation. However officials did not clarify the intent, they announced that Iran will soon be launching its own gold-backed cryptocurrency. Countries with weak and crumbling economies seem to be able toRead More →