Bitcoin Declared Sharia Compliant, Opening Crypto Markets to Islamic Finance

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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Bitcoin Mining Consuming More Electricity Than 159 Countries

Bitcoin Mining Consuming Electricity

Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst. However, most the coverage has missed out one of the more interesting and unintended consequences of this price increase. That is the surge in global electricity consumption used to “mine” more Bitcoins. According to Digiconomist’s Bitcoin Energy Consumption Index, as of Monday November 20th, 2017 Bitcoin’s…

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What Is The Difference Between Bitcoin and Ethereum?

ethereum, bitcoin

What Is The Difference Between Bitcoin and Ethereum? Last year, thanks to stratospheric rises in value, lots of people became aware of the existence of Bitcoin, as well as another often-cited up-and-coming cryptocurrency, Ethereum. By market cap they are the two most valuable cryptocurrencies – as of writing (and please note that these numbers fluctuate quite a lot), the total value of all the Bitcoin in existence is $143 billion, while Ethereum sits at $88 billion. For perspective – that means Bitcoin is currently held at around the same value…

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50 Cent becomes accidental Bitcoin millionaire

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50 Cent becomes accidental Bitcoin millionaire 50 Cent took a chance on bitcoin years before anyone knew what cryptocurrency even was … and it’s paid off more than 7 million times over. Rewind to 2014 and 50’s album, “Animal Ambition,” when the rapper became the first to accept bitcoin — which was then valued at around $662/bitcoin — as payment for his work. We’re told customers could get a copy of the album for just a fraction of a whole bitcoin. Our sources say “Animal Ambition” pulled in about 700…

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Bitcoin could be come to Facebook

bitcoin, facebook, mark zuckerberg

Bitcoin could be come to Facebook The technology powering bitcoin could help improve Facebook in the future, Mark Zuckerberg has said. As part of a commitment to help fix the site over 2018, its founder said that he would look into the use of new technology to stop it being quite so centralised. One of those technologies is bitcoin, he said, in an ambitious post that suggested Mr Zuckerberg is taking to heart the claims that Facebook is broken In a long post on his own site, the Facebook founder…

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Ripple passes Ethereum

valuable crypto currencies

Ripple passes Ethereum to become the second-most valuable cryptocurrency The cryptocurrency Ripple surged on the final Friday of 2017, reaching a market cap of more than $86 billion, CNBC reports. Ripple, which is officially known as XRP, saw its value rise by 55.9 percent. At its peak, the currency was valued at $2.23 a coin. Since then, it has fallen to $2.17, but it is still the second most valuable cryptocurrency in terms of market cap, according to Coinmarketcap.com. Ethereum is currently the world’s third-largest cryptocurrency in terms of market…

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Why Bitcoin And Cryptocurrency Prices Dropped So Low

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6 Possible Explanations Why Bitcoin And Cryptocurrency Prices Dropped So Low 22nd December Bitcoin’s rapid descent gathered pace on Friday as the cryptocurrency crashed below $11,000. Bitcoin’s price has fallen more than 40 per cent from its record high of nearly $20,000 (£14,950) set at the start of the week. The price of the digital currency fell as low as $10,891 on Friday afternoon, according to CoinDesk’s Bitcoin Price Index. It has been a volatile month for the cryptocurrency which has surged in value from under $1,000 at the start…

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Bitcoin: A Peer-to-Peer Electronic Cash System

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Bitcoin: A Peer-to-Peer Electronic Cash System Abstract A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed…

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Differences between cryptocurrency coins and tokens

tokens, cryptocurrencies

This article explores the subtle differences between cryptocurrency coins and tokens, and why the term “cryptocurrency” is a misnomer. Cryptocurrencies can be extremely hard to wrap our heads around, especially since their underlying technology – the Blockchain – is shrouded in computing language and terminology that is technical in nature. This is a huge impediment to many who are interested in the crypto space. But do not worry! We’ll guide you in understanding key cryptocurrency concepts that is great for you to know. What are Cryptocurrencies? Let’s start with understanding…

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Bitcoin

bitcoin

Bitcoin – the initial virtual banking currency of the internet – has existed for several years now and many people have questions about them. Where do they come from? Are they legal? Where can you get them? Why did they split into Bitcoin and Bitcoin Cash? Here are the basics you need to know. Cryptocurrency Defined Cryptocurrencies are just lines of computer code that hold monetary value. Those lines of code are created by electricity and high-performance computers. Cryptocurrency is also known as digital currency. Either way, it is a…

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Bitcoin White BTW

bitcoin white

ICO may become essentially new way of your business. Learn how to invest successfully, and not to get scammed. Being active Internet users, we have heard much about cryptocurrencies and ICO’s, but few people know what it is actually about. Let’s open the veil, starting with brief overview of cryptocurrency concepts: Cryptocurrency is a virtual asset consisting of digital coins, which are based on a chain of blocks program code. In fact, the cryptocurrency is a set of structured in a specific way symbols, a data packet formed with the…

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