Browsing Category
Bitcoin
‘Islamic Coin’s Legitimacy as a Sharia-Compliant Cryptocurrency Is Proven by Its Fatwa’ — Co-Founder
According to Mohammed AlKaff AlHashmi, the co-founder of “Islamic Coin,” Muslim scholars will increasingly view cryptocurrencies as being “Shariah-compliant” if they function as a store of value or are used as a…
What Are Smart Contracts? Unpacking Today’s Digital Agreements
In the digital currency realm, smart contracts have enhanced the financial industry through tokenization, decentralized finance (defi) and other agreements in the form of self-executing code. But how exactly do they work? What benefits do…
JPMorgan Mulls Blockchain-Based Deposit Token, Report
America’s biggest bank by assets, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border payments and interbank transfers. If approved by regulators, the banking giant may create the digital asset, which would be…
Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US
America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States…
‘I’m Bullish on Bitcoin’ — Ted Cruz Champions Bitcoin’s Boon for Texas and Power Grid Boosts
Ted Cruz, the U.S. Republican senator from Texas, expressed his optimism on Friday, stating he’s “bullish on bitcoin,” after a recent interview with Forbes released on September 8. During the conversation, Cruz…
SEC Greenlights Nasdaq’s First AI-Powered Order Type
The U.S. Securities and Exchange Commission (SEC) has approved a new artificial intelligence (AI)-powered order type for Nasdaq’s stock exchange. This marks the first AI order type approved for an exchange. Nasdaq says the latest…
Fourth Consecutive Week of Decline: NFT Sales Dip 6.75%
Non-fungible token (NFT) sales took yet another dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a decrease of 6.75%. From September 2, 2023, to September 9, the total sales for this week amounted to…
Biggest Movers: DOGE Moves Away From Support Level, XLM Nears 1-Month High
Dogecoin moved away from a key price floor on Saturday, as the meme coin ended a three-day winless run. Price has traded in the red since Wednesday, leading to a collision with a support point of $0.0620. Stellar also rallied, nearing a…
Bitcoin, Ethereum Technical Analysis: Price Movement in BTC, ETH Stalls to Start the Weekend
Bitcoin consolidated for yet another week, as price entered Saturday around the same point at which it stood on Monday. Despite a brief rally on Thursday, which saw the price move above $28,000, the cryptocurrency has largely been…
CFTC Cracks Down on 3 Defi Platforms for Offering Illegal Derivatives
The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal…