Category Archives: Cryptocurrency
Stablecoin Tether’s reserves hit record $86.5 billion in second quarter – Reuters
LONDON, July 31 (Reuters) - The world's largest stablecoin, Tether, said on Monday its assets rose 5.7% to $86.5 billion in the second quarter of 2023, while it made more than $1 billion "operational profit", a 30% increase on the previous quarter.
Stablecoins are a type of cryptocurrency which aim to keep a constant value and are usually backed by traditional assets such as dollars. Tether says there is $83.8 billion of its coin in circulation, which makes it the third largest cryptocurrency overall, according to market tracker CoinGecko.
Tether's reserves report, signed off by accountants BDO Italia, says Tether's assets rose to $86.5 billion in the three months to June 30, 2023, up 5.7% from the previous quarter and a record high, according to previous reports on its website.
Tether is a key cog in global digital asset trading, with many crypto-to-crypto trades denominated in the stablecoin.
U.S. regulators have warned banks that stablecoin reserves could be subject to rapid outflows, for example if holders rushed to exchange such tokens back into traditional currency.
Tether's holdings of U.S. Treasury Bills hit $55.8 billion, up 5.2% from the end of March, while non-U.S. Treasury Bills rose to $62.9 million, up more than 30% from the previous quarter, the report said.
Tether also counts $115 million of corporate bonds, $3.3 billion of precious metals, $1.7 billion worth of bitcoin, $5.5 billion of secured loans and $2.4 billion of unspecified "other investments" in its holdings.
Separate to the auditor's report, Tether said in a statement on its website that its operational profits from April to June were over $1 billion, which it said was a 30% quarterly increase, without specifying how this was calculated.
As part of a 2021 settlement with the New York Attorney General's office, Tether agreed to provide quarterly reports on its reserves for two years. Tether said on its website that it completed this requirement earlier this year.
Reporting by Elizabeth Howcroft; editing by Christina Fincher
Our Standards: The Thomson Reuters Trust Principles.
Reports on the intersection of finance and technology, including cryptocurrencies, NFTs, virtual worlds and the money driving "Web3".
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Stablecoin Tether's reserves hit record $86.5 billion in second quarter - Reuters
Introducing $X Project: A Community-Driven Cryptocurrency Redefining Possibilities in the Crypto Space – Yahoo Finance
The $X Project is a community-driven cryptocurrency aiming to provide its users with opportunities in the crypto world.
Paris, France --News Direct-- KISS PR Brand Story
In the dynamic world of cryptocurrencies, the $X Project emerges as a promising opportunity for crypto investors looking to explore new possibilities. Symbolized by the enigmatic letter "X," this community-driven token has gained popularity among crypto enthusiasts worldwide. Developed independently, the $X Project aims to offer unique features and benefits to its users.
Unlike other tokens in the market, the $X Project ensures a smooth and fair distribution through its tokenomics. Every buy and sell transaction incurs a 1% tax, encouraging long-term holding and fostering price stability and liquidity within the community.
Security and transparency are paramount for the $X Project. Leading blockchain experts have thoroughly audited the smart contract, instilling confidence in the project's integrity. Additionally, the team has locked the initial liquidity for an extensive period of 100 years, protecting the liquidity pool from potential manipulation. Furthermore, the team has renounced control over the contract, providing further security for all participants.
Moreover, the contract has been renounced, relinquishing control and ensuring the safety of all participants.
The community-driven nature of the $X Project fosters active participation from token holders. As the community grows, the project evolves, driven by innovative ideas and constructive feedback from its dedicated members. The development team maintains open channels of communication through various social media platforms, including Twitter and Telegram, providing a space for enthusiasts to share insights and collaborate on the project's future.
Inspired by Elon Musk's tweet about the enigmatic letter "X," the $X Project is built on a visionary concept. However, it is essential to clarify that the project operates independently and has no affiliation with Elon Musk or any other individual. The tweet's inspiration led the community to create a digital asset symbolizing boundless possibilities.
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As the $X Project gains momentum, early investors have shown considerable interest, recognizing the potential for substantial returns. Beyond its unique features, the project's appeal lies in the shared vision of its growing community for financial independence and innovation.
"We believe the $X Project can make a significant impact in the crypto space," said a spokesperson for the project. "Our dedicated team, along with the vibrant community supporting us, is committed to creating a platform that empowers our users and redefines the way we perceive cryptocurrencies."
For those interested in exploring the $X Project further and joining the movement toward financial freedom, additional information can be found on the official website (https://xerc20.pro/).
About $X Project
The $X Project is a community-driven cryptocurrency aiming to provide its users with opportunities in the crypto world. Inspired by the enigmatic letter "X," the project operates independently and has no affiliation with any individual, including Elon Musk. With unique tokenomics, security measures, and an active community, the $X Project offers promise and potential in the world of cryptocurrencies.
Website | Twitter | Telegram
The X Project
The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.
Release ID: 687339
View source version on newsdirect.com: https://newsdirect.com/news/introducing-x-project-a-community-driven-cryptocurrency-redefining-possibilities-in-the-crypto-space-289337941
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Introducing $X Project: A Community-Driven Cryptocurrency Redefining Possibilities in the Crypto Space - Yahoo Finance
Soteria: Revolutionizing Cryptocurrency Security as Worlds First Blockchain-Enabled Law Enforcement Agency While Prioritizing Investors – Yahoo…
Soteria
CALIFORNIA CITY , CA, July 27, 2023 (GLOBE NEWSWIRE) -- In an era marked by digital expansion, the innovative blockchain venture, Soteria, embarks on a daring journey to cultivate a self-sustaining ecosystem dedicated to safeguarding the volatile world of cryptocurrencies. As the world's first-ever blockchain-driven law enforcement agency, Soteria spearheads a radical shift in cryptocurrency protection a transformative epoch integrating community-led action with entrepreneurial investment.
At the heart of Soteria's operations is Gotham, their exclusive platform that employs a multi-faceted strategy to reshape the ever-evolving cryptocurrency landscape. As a pioneer in this field, Soteria's mission revolves around empowering up-and-coming entrepreneurs with essential resources for successful business ventures while ensuring robust protection for investors against the prevalence of scams, fraud, and other cybercrimes lurking in the corners of the crypto domain.
In its unyielding drive to safeguard investors and inspire entrepreneurship, Soteria announces the strategic acquisition of Hyperion. This profit-driven firm has generated a staggering $9 million within three years. This noteworthy consolidation amplifies the organization's reach and credibility.
Embracing a progressive approach, Soteria proudly unveils the world's first-ever Hold2Earn (H2E) business model within the crypto sector. Holders of the company's indigenous token, CIA (Crypto Intelligence Agency), are promised stable monthly profits drawn from 25% of the total monthly profit distributions across every revenue channel under the Soteria-Hyperion alliance, both current and future. The H2E benefits kick in immediately following the outset of the ICO/Presale, once Phase 1 has been completed. Distributions are proportional to the amount of $CIA tokens an investor holds. An investor with 10% of $CIA would receive 10% of the payout. This groundbreaking model signifies a momentous shift in crypto investment norms, offering holders tangible value and real-world returns.
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Reflecting its unwavering commitment to supporting entrepreneurs, Soteria introduces an Elevation-Zone, a pioneering platform designed to secure funding and resources for nascent business owners. Dubbed the blockchain equivalent of the popular TV show "Shark Tank," this unique platform endorses crypto projects and conventional businesses, simplifying tokenizing real-world assets and services.
The CIA token is positioned at the nucleus of Soteria's efforts, meticulously designed to protect diligent, law-abiding ICO/Presale community investors from fraudulent schemes. To fortify its cyber defense, Soteria has assembled an elite team of in-house hackers, computer programmers, and law enforcement professionals to neutralize such malicious activities. This bold initiative paves the way toward a future of enhanced accountability and security in the volatile realm of cryptocurrencies.
Soteria's innovative profit distribution model is another unique facet, providing monthly FIAT profit payments to CIA token holders. The investors are entitled to share 25% of all revenue accrued under the Soteria brand, establishing an official legal partnership with the firm. These profit distributions can be meticulously tracked via the "Partners Portal," infusing a layer of transparency and fostering investor confidence.
Soteria represents a landmark achievement within the crypto industry, meticulously blending safety, profitability, and entrepreneurial spirit to form a more secure, inclusive foundation for the broader crypto ecosystem. Investors, entrepreneurs, and crypto enthusiasts can discover more about Soteria's revolutionary endeavors atSoteriapreico.net
In its essence, Soteria is a trailblazer the world's first blockchain-based law enforcement agency that is relentlessly working towards constructing a safe, profitable, entrepreneur-centric ecosystem. Soteria's proprietary platform, Gotham, is enhanced by its partnership with the established firm Hyperion and employs a unique Hold2Earn (H2E) business model that offers monthly profit payouts to CIA token holders. By fostering an environment of security and growth, Soteria is reshaping the crypto landscape with an unwavering mission to eradicate scams and promote the development of budding businesses.
Soteria extends a warm invitation to investors to contribute to this unparalleled initiative. Its mission to combat scams led them to partner withAssure DeFi. Assure DeFi's rigorous screening and fraud pursuit have made them the verification gold standard.
Soteria is hosting a grand giveaway for their "holders" and prospective investors to commemorate the pre-ICO and ICO-presale phases. Four fortunate "holders" will stand a chance to receive a generous $250,000 check or become the proud owner of a brand-new Lamborghini. The entire giveaway process will be live-streamed to maintain transparency, from selecting winners to distributing the prizes. Two of the prizes will be given away to the top two $CIA holders and the other two will be chosen at random.
Join Soteria to contribute to a safer digital landscape and stand a chance to win life-altering prizes. Help them wage war against scams and enjoy the journey. Ready to make a tangible difference and possibly enrich your life? Join Soteria, and let's pioneer a secure crypto future together.
Joshua Lowe FounderCEO@SoteriaAlliance.com
Sten Wie, sten@assuredefi.com
Disclaimer: The information provided in this press release is not a solicitation for investment, or intended as investment advice, financial advice, or trading advice. It is strongly recommended that you practice due diligence (including consultation with a professional financial advisor) before investing in or trading securities and cryptocurrency.
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Soteria: Revolutionizing Cryptocurrency Security as Worlds First Blockchain-Enabled Law Enforcement Agency While Prioritizing Investors - Yahoo...
Cybernetics Meeting the Growing Demand for Secure Cryptocurrency Recovery – Yahoo Finance
Stockport, United Kingdom - (NewMediaWire) - July 27, 2023 - (King NewsWire) - The need for robust security measures and reliable recovery solutions has become increasingly critical as the cryptocurrency market continues to flourish. Addressing this growing demand, Cybernetics, a leading innovator in the field of cybernetics, is proud to announce its groundbreaking advancements in secure cryptocurrency recovery.
With the surge in popularity and value of cryptocurrencies, the risk of losing or theft of digital assets has become a significant concern for individuals and organizations. Incidents of hacking, phishing, and human error leading to the loss of valuable cryptocurrency holdings have raised awareness about the need for effective recovery solutions. Recognizing this urgent need, Cybernetics has dedicated its resources to developing cutting-edge technologies that safeguard digital assets and provide swift recovery options on how to get their stolen crypto back.
Utilizing state-of-the-art artificial intelligence and machine learning algorithms, Cybernetics' revolutionary solutions offer unprecedented levels of security and recovery for cryptocurrency investors. These advanced systems employ a multi-layered approach, combining real-time threat monitoring, proactive detection mechanisms, and intelligent analysis to identify and respond to potential security breaches. In the event of a security incident or loss of assets, Cybernetics' innovative recovery algorithms work tirelessly to retrieve and restore digital funds with exceptional accuracy and efficiency.
"Our mission at Cybernetics is to empower individuals and organizations to protect their valuable cryptocurrency holdings and recover from unforeseen circumstances," said Jessica Walker, Chief Information Officer of Cybernetics. "We are thrilled to introduce our groundbreaking cybernetic solutions that address the growing demand for secure cryptocurrency recovery. By merging cutting-edge technologies with our expertise in cybersecurity, we aim to provide peace of mind to cryptocurrency investors worldwide and helping those impacted by crypto trading platform crimes."
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In addition to its groundbreaking recovery solutions, Cybernetics offers comprehensive consulting and advisory services to guide clients in implementing best practices for cybersecurity, risk assessment, and asset protection. A Cybernetics team of highly skilled professionals ensures that clients are equipped with the knowledge and tools needed to safeguard their digital assets effectively.
As the cryptocurrency landscape evolves, Cybernetics remains committed to staying at the forefront of innovation, continually refining and expanding its cybernetic solutions to meet the market's ever-changing demands. By leveraging the power of artificial intelligence and machine learning, the company strives to establish new industry standards for security and crypto recovery services to help get stolen bitcoin back.
For more information about Cybernetics and its cutting-edge solutions for secure cryptocurrency recovery, please visit the website.
About Cybernetics:
Cybernetics is a cutting-edge technology firm that provides a variety of services to aid cybercrime victims in reclaiming their stolen funds. The company's team of professionals has extensive expertise in identifying and recovering funds from online transactions by employing sophisticated technologies and tactics. Cybernetics is devoted to delivering a trustworthy and transparent service to its customers, and they collaborate closely with financial institutions and law enforcement agencies to ensure that those responsible are held accountable.
Media Contact
Organization: Cybernetics(TM)
Contact Person: Jessica Walker
Website: https://cybernetics-services.com/
Email: admin@cybernetics-services.com
Address: Carpenter Court, 1 Maple Road, Bramhall, Stockport, Cheshire, SK7 2DH.
City: Stockport
Country: United Kingdom
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Cybernetics Meeting the Growing Demand for Secure Cryptocurrency Recovery - Yahoo Finance
Arkansas lawmaker calls for special session to repeal … – KUAR
Republican Sen. Bryan King from Green Forest wants to repeal a law he voted for.
Act 851 passed by wide margins in both the Arkansas House and Senate, after virtually no debate or pushback. The law greatly loosens regulations on crypto mines, large groups of computers tasked with harvesting cryptocurrency. Some residents who live near crypto mines say the fans needed to keep the computers cool are unbearably loud.
King says he is not against crypto mines, but says they don't need to be kept safe from regulations.
We dont need to give these extra protections to one sliver of an industry, he said explaining that under the new law crypto mines will be less regulated than many farms.
On top of that, King says crypto mines use a lot of energy.
The amount of energy it uses is tremendous compared to the amount of jobs it employs, he says.
King says this is part of a larger pattern with the legislature passing too many bills too quickly with little discussion or debate.
At the end of the session this year, the Arkansas Legislature batched or voted on a handful of bills at once. King said this can be used to ram through controversial bills. He says he didn't catch Act 851, because it was passed during an over ten-hour day in the Senate. King wanted the legislature to consider creating a more informed process of bill creation.
Crypto mines have been built in Greenbrier and Harrison. Plans to build a mine in Vilonia were halted by city planning officials last month.
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Arkansas lawmaker calls for special session to repeal ... - KUAR
Can BTC20 Overtake Bitcoin And Pepe Coin As the Most Searched … – Inside Bitcoins
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Google Trends reveal BTC20 searches outnumber those for Pepe Coin and are close to those for Bitcoin. Can it become the most searched cryptocurrency project? The swift achievement of its soft cap suggests substantial investor interest in the idea of the next Bitcoin.
The BTC20 crypto project aims to replicate the Bitcoin bull run, commencing at a token price of $1 on the Ethereum chain. Its name is derived from a fusion of Bitcoin and ERC20. BTC20s potential is garnering significant attention and enthusiasm on social media, notably Twitter.
Its association with Bitcoin and distinctive staking system sets it apart, making BTC20 a popular choice in the crypto space, confirmed by the growing social media buzz and expert attention during its presale launch. Even crypto experts predict substantial gains.
The BTC20 has achieved its $3 million soft cap in fundraising and is now aiming to reach the $6 million hard cap with the remaining presale allocation. BTC20, an ERC-20 token running on the Ethereum blockchain, has successfully raised over $5.2 million in just ten days.
Investors are interested in acquiring Bitcoin on Ethereum at the original bitcoins 2011 price of $1. The fundraising aims to establish the foundation for future research, marketing, and partnerships, expanding the ecosystem.
The rapid sell-out of BTC20s presale is anticipated, and investors need to act swiftly to secure a $1 position, as less than half of the presale supply remains. Additionally, other appealing factors, such as the high potential yield, make BTC20 a strong option for those seeking substantial returns and the chance to benefit from the Bitcoin halving bull cycle.
Watch the comprehensive BTC20 crypto presale overview in the video above, and make sure to subscribe to his YouTube channel for more crypto-related content. Additionally, Jacob Crypto Bury hosts a Discord channel with nearly 15,000 members, offering trading tips and insights into upcoming crypto presales.
Over the past week, the search popularity of BTC20 and Pepe Coin has been fiercely contested on a global scale. Notably, during the morning crypto trading session in Germany, BTC20 has consistently outperformed Pepe Coin, as indicated in the chart below based on recent research.
This trend of BTC20 surpassing Pepe Coin in Germanys early trading session has become increasingly prominent, mirroring the growing interest in BTC20. Even when analyzing the data for the previous seven days, BTC20 consistently prevails over Pepe Coin in the German searches.
Given this pattern in Germany, it is highly likely that similar findings would emerge when examining trading sessions in other regions around the world. As BTC20 continues to garner attention and gain momentum, its position as the most searched cryptocurrency is reinforced, further fueling investor interest in the project.
BTC20, an eco-friendly ERC-20 version of Bitcoin on Ethereum, is developing a stake-to-earn mechanism that could create a supply shock and boost its value. With BTC20s utilization of the proof-of-stake (PoS) approach, token holders have the opportunity to stake their BTC20 tokens and receive rewards proportional to their staked amount.
Crucially, BTC20 incorporates a unique mechanism that compensates stakers in alignment with the block release schedule of the original Bitcoin network. Stakers will receive a specific quantity of BTC20 tokens following each block confirmation, ensuring a continuous flow of tokenized incentives.
$BTC20's staking mechanism:
Contribute to network security and earn rewards! Stake more #Tokens, get a greater share of rewards. Released with block confirmations, following #Bitcoin schedule.
Join the #Presale now https://t.co/N56IcYsKHq pic.twitter.com/slBGK0zvQ0
BTC20 (@BTC20Token) July 29, 2023
The team will lock in a significant amount of BTC20 tokens for the community in the staking contract after the presale. The stake-to-earn system promotes community-driven projects, and investors can benefit from both BTC20 incentives and its rising value by staking their tokens.
Undoubtedly, offering generous rewards would incentivize more investors to stake their BTC20 tokens, leading to a larger staking pool and potentially lowering the staking yield. However, the allure of a strong BTC20 return should serve as a compelling incentive for investors to hold onto the coin, thereby reducing the chances of a significant price collapse.
BTC20 offers stakers significantly higher yields compared to traditional bitcoin mining, and its much simpler to earn a yield from BTC20 than from bitcoin. Unlike Bitcoin, which is a non-yielding asset unless utilized in yield farming or lent out by a virtual asset service provider, staking BTC20 only requires depositing tokens into the projects staking smart contract.
Aside from itspassive income potential, BTC20 has other advantages over bitcoin. Firstly, it is an environmentally friendly variation of bitcoin. In contrast, being built on the Ethereum blockchain, which switched to a proof-of-stake consensus method, BTC20 consumes significantly less energy, making it an eco-friendly choice that may appeal to investors.
Secondly, BTC20 has easy access to Ethereums well-established decentralized finance (DeFi) ecosystem since it operates on the Ethereum blockchain, which supports smart contracts. Unlike bitcoin, which lacks a significant DeFi ecosystem, BTC20 investors can benefit from various DeFi services, such as using their tokens as collateral for loans on platforms.
Additionally, a liquid staking market for staked BTC20 tokens that provide yield may emerge, granting BTC20 owners greater flexibility. In summary, BTC20 stands out with its higher yields and ease of staking, as well as its eco-friendly crypto and access to Ethereums thriving DeFi ecosystem, making it an attractive choice for investors seeking more opportunities and versatility.
Invest in BTC20 here.
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Can BTC20 Overtake Bitcoin And Pepe Coin As the Most Searched ... - Inside Bitcoins
Cryptocurrency Price Today: Bitcoin, Dogecoin Show Gains As Bone ShibaSwap Becomes Top Gainer – ABP Live
Bitcoin (BTC) and Ethereum (ETH) two of the most valued crypto coins managed to rise above the $29,000 and $18,000 marks, respectively, on early Saturday morning. Other popular altcoins including the likes of Litecoin (LTC), Dogecoin (DOGE) landed in the positive as overall prices saw minor losses across the board. Bone ShibaSwap (BONE) emerged to be the biggest gainer, seeing a 24-hour jump of over 9.47 percent. Immutable (IMX), on the other hand, turned out to be the biggest loser.
At the time of writing, the global crypto market cap stood at $1.19 trillion, registering a 24-hour gain of 0.61 percent.
Bitcoin price stood at $29,390.87 seeing a 24-hour gain of 0.51 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25 lakhs.
ETH price stood at $1,876.89, marking a 24-hour gain of 0.78 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.60 lakhs.
DOGE registered a 24-hour gain of 0.80 percent as per CoinMarketCap data, currently priced at $0.07792. As per WazirX, Dogecoin price in India stood at Rs 6.6020.
Litecoin saw a 24-hour gain of 0.37 percent. At the time of writing, it was trading at $91.29. LTC price in India stood at Rs 8,027.89.
XRP price stood at $0.7121, seeing a 24-hour loss of 0.24 percent. As per WazirX, Ripple price stood at Rs 61.3503.
Solana price stood at $24.69, marking a 24-hour loss of 4.28 percent. As per WazirX, SOL price in India stood at Rs 2,150.02.
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bone ShibaSwap (BONE)
Price: $1.4224-hour gain: 9.47 percent
Quant (QNT)
Price: $110.2324-hour gain: 7.95 percent
Shiba Inu (SHIB)
Price: $0.00000823624-hour gain: 5.33 percent
Maker (MKR)
Price: $1,226.9424-hour gain: 5.15 percent
Frax Share (FXS)
Price: $6.4924-hour gain: 4.80 percent
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Immutable (IMX)
Price: $0.744224-hour loss: 13.55 percent
Toncoin (TON)
Price: $1.2924-hour loss: 4.38 percent
XDC Network (XDC)
Price: $0.0576424-hour loss: 3.38 percent
Chainlink (LINK)
Price: $7.7924-hour loss: 1.44 percent
Rocket Pool (RPL)
Price: $29.3424-hour loss: 1.10 percent
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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Cryptocurrency Price Today: Bitcoin, Dogecoin Show Gains As Bone ShibaSwap Becomes Top Gainer - ABP Live
Does Islam smile on cryptocurrency? – The Economist
You know why they call it Bitcoin? asks Ismail ibn Musa Menk, a Muslim scholar in Zimbabwe whose online videos have a big international viewership. It bit us all, he laments. I got bitten too, you know. Social-media users began to speculate if he had dabbled in the cryptocurrency.
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If he did, some of his peers would tut-tut. Shawki Allam, Egypts grand mufti, is a naysayer. In 2018 he endorsed an Egyptian government ban on Bitcoin trading, issuing a fatwa that cryptocurrency is haram (forbidden).
But others are less sure. As well as scouring the relevant passages in Islamic law, scholars say they need to understand the ins and outs of crypto before deciding whether it should be embraced or damned. So far views are mixed.
Some have endorsed mainstream cryptocurrencies, arguing that they are permissible partly because they do not generate riba, or interest, which is haram. But anti-crypto muftis reckon that Muslims should avoid anything that involves too much gharar, or speculation.
This lack of consensus has not deterred people in Muslim countries from trading in crypto. Last year the Middle East and north Africa (with Morocco to the fore) had the fastest-growing cryptocurrency market in the world, according to Chainalysis, a data firm in New York. Despite the hostile ruling by their grand mufti, Egyptians, spurred by inflationary pressures and the devaluation of their countrys currency, led the surge.
Some Middle East governments want to regulate trading and control crypto-exchanges. Bahrain was an early pioneer in the region: in 2019 its central bank was the first to issue a regulatory licence to a cryptocurrency exchange, Rain, and declared it sharia-compliant.
The United Arab Emirates has become a regional crypto-hub. Islamic Coin, a new local cryptocurrency backed by several ruling-family members, is set to be publicly traded. Its founders say it is the worlds first 100% halal cryptocurrency, with 10% of any issued amount going to a Muslim charity. They even boast of a fatwa that validates their claim. But since plenty of conventional currencies are endorsed by religious leaders, pious tech-savvy Muslims may wonder whether a new coin backed by a fatwa is really any better in Allahs eyes.
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Does Islam smile on cryptocurrency? - The Economist
Teen, 5 others arrested for scheme involving cryptocurrency, the dark web, and guns – WFTV Orlando
ORLANDO, Fla. Six people have been arrested, all facing charges linked to what Floridas Attorney General called a complex criminal enterprise.
Attorney General Ashley Moody said a 17-year-old Orlando teen was the mastermind behind an elaborate scheme involving cryptocurrency, the dark web, and guns.
Moody and the Florida Department of Law Enforcement said Justin Vassell used cryptocurrency to get money off the dark web and launder it around Orlando.
>>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<<
Investigators said Vassell used cryptocurrency to buy bundles of stolen ids off the dark web, then opened credit cards under those names, and bought $350,000 worth of merchandise, including guns and dozens of packs of ammunition.
Investigators said those items were then sold to pawn shops around Orlando.
Earlier this week, Vassell and his mom, Jacqueline Vassell, were arrested in Osceola County.
Read: Man, woman die in apparent murder-suicide in east Orange County subdivision
Lawrence Dority was arrested in Orange County and was out on bond on a second-degree murder charge from last May.
Dority is accused of killing former Magic player Adreian Payne.
FDLE had to track three other suspects from across the country.
Read: Record-breaking 111-egg invasive Burmese python nest removed from Florida Everglades
Justins sister, Shannon Vassell, and Marc Williams were arrested in Suwannee County, Georgia.
Deonte Benejan was arrested in Lorain County, Ohio.
FDLE said the group took advantage of more than 70 people and ten online businesses.
Read: Felony cases in limbo as permitless carry becomes state law
While all six face charges for racketeering, money laundering and extortion, Vassell also faces charges for grand theft.
If convicted the 17-year-old could face up to 135 years in prison.
Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.
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Teen, 5 others arrested for scheme involving cryptocurrency, the dark web, and guns - WFTV Orlando
How Hedera Coin is standing out in the landscape of cryptocurrency – Daily Mail
Ever since its debut, Hedera Coin has continued to make impressive strides in the rapidly evolving realm of cryptocurrencies.
Emerging as a formidable player in the distributed ledger technology space, Hedera Hashgraph consistently outpaces competitors with its revolutionary advancements in speed, security, and scalability.
We delve into the compelling potential of Hedera Coin by analyzing historical data and market trends.
A Review of Historical Data
To chart the trajectory of Hedera Coin's future, a thorough examination of its historical performance is vital.
Since its inception, Hedera Coin has displayed remarkable resilience in the face of market turbulence, often outperforming other digital currencies during periods of market volatility.
This resilience stems from the unique underlying technology: the Hashgraph consensus algorithm, which diverges from traditional blockchain systems, providing faster, more secure, and fair transactions.
Data spanning the last four years shows steady growth in the coin's value, underpinned by a progressively expanding user base and increasing market adoption.
The persistent growth is a testament to Hedera's robust and innovative technological infrastructure, which promises a solid foundation for further development.
A Review of Historical Data
In the face of an increasingly digital world, the blockchain market has gained tremendous traction, creating an ideal backdrop for the expansion of Hedera.
In its essence, Hedera's model seeks to capitalize on this trend by offering an unparalleled solution to issues like scalability and energy consumption that plague existing blockchain technologies.
As businesses across sectors are progressively leaning toward blockchain integration, Hedera's potential to offer cost-effective, efficient, and green solutions positions it favorably within this trend.
Moreover, the current demand for decentralized applications (dApps) is an additional market trend that aligns seamlessly with Hedera's offerings.
Hedera Coin's Future: A Projection
Drawing upon the aforementioned analysis, the future of Hedera Coin seems promising. With its cutting-edge technology, robust growth, and favorable market conditions, Hedera Coin is poised for an upward trajectory.
Historical trends indicate that Hedera Coin could witness substantial appreciation over the next few years, potentially surpassing many of its rivals.
This potential appreciation is significantly underpinned by Hedera's revolutionary technology, growing user base, and increasing market adoption.
Furthermore, Hedera's alignment with the increasing demand for blockchain solutions and decentralized applications is expected to fuel its growth.
Its capability to provide energy-efficient and scalable solutions that meet current business needs could significantly bolster its standing in the market.
As Hedera Coin collaborates with the blockchain market's demand, investors can leverage crypto trading bots. These automated tools execute trades swiftly, leveraging real-time data analysis.
If the coin maintains its current growth trajectory and the blockchain market continues to thrive, Hedera Coin is likely to experience a surge in its value.
While forecasting the future of any cryptocurrency, including Hedera Coin, is complex due to the volatile nature of digital currencies, this analysis provides a comprehensive view of Hedera's potential.
Grounded in historical data and mindful of current market trends, the prospects for Hedera Coin appear notably promising.
In an ever-evolving digital landscape, Hedera Coin stands out with its innovative technology and compelling market proposition.
Although a definitive forecast is challenging, the indicators suggest that Hedera Coin's potential remains largely untapped, beckoning for further exploration and investment.
The landscape ahead looks favorable for Hedera as it continues to revolutionize the world of digital currencies with its unique approach
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How Hedera Coin is standing out in the landscape of cryptocurrency - Daily Mail