Month: May 2018

The History of the Dollar

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dollar history

The History of the Dollar From Thalers to Dollars The history of the dollar is a story involving many countries in different continents. The word dollar is much older than the American unit of currency. It is an Anglicised form of “thaler”, (pronounced taler, with a long “a”), the name given to coins first minted in 1519 from locally mined silver in Joachimsthal in Bohemia. (Today the town of Joachimsthal lies within the borders of the Czech republic and its Czech name is Jáchymov). Thaler is a shortened form of…

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Bitcoin Declared Sharia Compliant, Opening Crypto Markets to Islamic Finance

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halal coin

Bitcoin Declared Sharia Compliant, Opening Crypto Markets to Islamic Finance “The use of any lawful thing for an unlawful purpose can not make the thing itself unlawful.” So concludes Indonesia’s Blossom finance, ending a debate in the Islamic world and perhaps even more widely. A couple of Sheiks had previously argued that bitcoin is not sharia compliant because it can be used by criminals, or, echoing general criticisms, because it is volatile, but Matthew J. Martin, CEO of Blossom Finance, says: “Rulings by Islamic scholars that claim Bitcoin is not…

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$150,000 USD in Ethereum Stolen in MyEtherWallet Hack

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myetherwallet com

$150,000 USD in Ethereum Stolen in MyEtherWallet Hack For two hours yesterday, April 24th, 2018, hackers diverted visitors of MyEtherWallet.com, accessing user accounts and stealing approximately 215 ether. MyEtherWallet warned users on Reddit and Twitter as soon as the hack was identified. But, this left a couple of hours where users of the wallet attempting to visit the MyEtherWallet.com website were redirected to a “spoof” or phishing site controlled by the hackers. The hack employed the “decade-old” technique of redirecting Domain Name Servers (DNS) rather than a hack to, or…

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