A recent report by Euronews stated the Casablanca Court of Appeal had upheld the conviction of Thomas Clausi, a 21-year-old French citizen, on charges of fraud and illegal use of cryptocurrency. Continue Reading on Coin Telegraph More
Islamic coin ($ISLM), the native coin of the Haqq ecosystem, plans its public launch in 2023. Haqq is reported to be the world’s first ecosystem that abides by the principles and traditions of Islam. This particular coin focuses on providing the global Muslim population with a financial platform and is a 100% halal cryptocurrency.According to the team, Islamic coin is poised to help alleviate the reservation Muslims hold about digital assets as it abides by the customs of Islam. Focused on driving crypto adoption in the region and boosting Islamic finance across 185 countries, Islamic Coin has received accreditation and authorization through the Fatwa of several Muslim authorities.The organization states that its mission is to provide the global Muslim population with a financial platform enabling real-time, transparent, and cross-border transactions while supporting Web3 innovations and philanthropy. To this end, the network will dedicate 10% of each Islamic Coin issuance to philanthropic pursuits across the Muslim world.Haqq Association, the ecosystem’s non-profit, has partnered with the International Islamic University of Malaysia (IIUM) to increase blockchain and crypto awareness with a positive learning environment. Haqq and Islamic Coin recently partnered with DDCap Group, and will be working on a Web3 Shariah-compliant alternative to SWIFT as well as other products.Haqq is also forming several commercial partnerships with retail and e-commerce platforms to introduce Sharia-compliant Web3 technologies into traditional Web2 environments. Most recently, it has partnered with Holiday Swap, the world’s largest home exchange platform, to transition the company’s tokenized operations to Web3.Claiming that the coin has the potential to become a tier-1 asset, Haqq’s co-founder Mohammed Alkaff Alhashmi states:Given last year’s bear market, the Islamic coin placed a record-shattering feat securing over $200 million in August 2022. It’s also interesting to note that, in 2022 alone, cryptocurrency transactions in the MENA region accounted for $566 billion: a 48% increase from the previous year.The post Shariah-Compliant Coin’s Release Set To Spur Crypto Adoption in Muslim Nations appeared first on Coin Edition.See original on CoinEdition More
During the Financial Times’ Crypto and Digital Assets Summit, Patrick Hillmann, Binance’s chief strategy officer, said that the past six months have been quite confusing in the United States. He added that the recent actions taken by the U.S. Securities and Exchange Commission (SEC) against rival exchange Coinbase (NASDAQ:COIN) for allegedly violating securities laws are an indication of how “the U.S. right now is in this strange place.“Continue Reading on Coin Telegraph More
Artificial intelligence can also help workers become more effective and productive by giving them access to real-time data and insights, enabling them to enhance their performance and make better decisions. In addition, AI can generate new employment opportunities in the creative and artistic industries by nurturing new modes of expression and creativity. For instance, artificial intelligence can produce original works of literature, music and art, allowing creators to work with AI systems to explore new kinds of creativity.Continue Reading on Coin Telegraph More
Released May 10, Robinhood’s Q1 2023 earnings revealed $38 million in crypto trading revenues over the period, dropping from $54 million in Q1 2022.Continue Reading on Coin Telegraph More
MiCA may ultimately stifle innovation, impose a one-size-fits-all approach to regulation for decentralized finance (DeFi), increase compliance costs for decentralized exchanges (DEXs) and DeFi platforms, raise privacy concerns, and necessitate collaboration between the crypto industry and regulators to strike a balance between regulation and innovation.Continue Reading on Coin Telegraph More
At the Metaverse Entertainment Worlds conference in Monaco, legal expert and mathematics Ph.D. holder Stephen Castell discussed with Cointelegraph how technologies like blockchain and artificial technologies are transforming ethics and the banking sector. Continue Reading on Coin Telegraph More
In a May 9 announcement, DCG said it was in the middle of a 30-day mediation period with Genesis in response to creditor demands. The firm proposed a settlement plan in February in which Genesis creditors had been expected to receive 80% recovery of funds after the firm filed for Chapter 11 bankruptcy. Continue Reading on Coin Telegraph More
