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 most prestigious banking relationship in crypto has ended. Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CBNN. And while Coinbase found a replacement in U.K. upstart ClearBank, according to people familiar with the situation, the change has inconvenienced the crypto exchange’sRead 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 →