Tether Tether is a controversial cryptocurrency with tokens issued by Tether Limited. It formerly claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies. The Bitfinex exchange was accused by the New York Attorney General of using Tether’s funds to cover up $850 million in funds missing since mid-2018. Tether is called a stablecoin because it was originally designed to always be worth $1.00, maintaining $1.00 in reserves for each tether issued. Nevertheless, Tether Limited…
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Bitcoin Declared Sharia Compliant, Opening Crypto Markets to Islamic Finance
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…
Read MoreSikke, Türkiye’s electronic currency
Sikke, Türkiye’s electronic currency Welcome to Sikke Platform… First of all thank you as a team for your trust in Sikke. We believe that Sikke is a digital asset that will earn a lot of investors in the middle and long term, and we continue our software development with this belief. We want you to believe in Sikke and trust us in this difficult process. The coin is separated from other electronic funds by many features. When the coin (SKK) is designed; Unlike other crypto coins, it is not just…
Read MoreBitcoin could be come to Facebook
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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