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

A hearing in the Kleiman v. Wright case reportedly concluded today with the U.S. District Court for the Southern District of Florida rejecting Craig S. Wright’s testimony and rewarding the Kleiman estate with 50% of the alleged 1.1 million bitcoins David Kleiman mined with Wright between 2009 and 2011, according to a courtRead More →

Non-custodial exchange Binance DEX is soon going to list five new fiat-pegged stablecoins from issuer TrustToken, which is backed by notable venture capital firm Andreessen Horowitz. Revealing the news exclusively to CBNN, TrustToken said Wednesday that the stablecoins – TrueUSD, TrueGBP, TrueAUD, TrueCAD, and TrueHKD – are launching on BinanceRead 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 →