Coin Market Cap
 

Mufti says Bitcoin is forbidden

The Grand Mufti of Egypt this week called for Bitcoin, and other forms of cryptocurrency, to be banned in the country, stating that this type of digital currency is not permitted under Islam. Shawki Allam, Egypt’s highest-ranking Muslim cleric and an authority on Islamic law and tradition, said that trading in cryptocurrency was comparable to gambling, which is strictly forbidden. He said that, like gambling, Bitcoin is directly responsible for bringing about the financial ruin of families, businesses, and individuals. Sources in Egypt, including the daily newspaper, Al-Ahram, report that Shawki Allam has issued a fatwa that Bitcoin should be...

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Users annoyed at Coinbase delay

With cryptocurrencies like Bitcoin supposedly on the cutting edge of the financial revolution, it can be frustrating to suffer worse service and performance than you did under existing financial systems. And yet, this is exactly what’s happening right now with major cryptocurrency exchanges across the globe. San Francisco-based Coinbase, perhaps the most famous cryptocurrency exchange in the world, has experienced a number of disruptions that have affected its everyday business operations. The company’s own status page has admitted that it currently faces delays with ID verification, as well as wire processing and transaction. Coinbase has also reported that its users...

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It's time for Dogecoindark

In the world of cryptocurrency, entrepreneurs and conmen alike adopt a variety of ways in which to create value for their projects. Not least among these is the ever-popular practice of rebranding. While veterans of the cryptocurrency scene will likely recall the name of DogecoinDark (DOGED) from a couple of years ago, almost everyone will know it under its current name of Verge (XVG). Yes, Verge is nothing more than DogecoinDark under a new lick of paint. It is the same coin, and utilises exactly the same generation and distribution protocols, just under a new name, and with a freshly...

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Why Pension Funds Could Soon Invest In Bitcoin

Bitcoin has had a huge year, and just days after bankers began pressuring African central banks to allocate their reserves to Bitcoin, a consulting firm and a pension fund have put the case forward for institutional investments in cryptocurrencies. According to a research paper written by a hedge fund consultant and a pension fund investor have written that Bitcoin is largely unregulated which makes it very volatile and difficult to hold, but should be included in institutional investors portfolios. Jim Kyung-Soo Liew, who is a finance professor at Johns Hopkins’Carey Business School, and chief executive officer of SoKat Consulting, and...

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Cryptocurrencies Break Through $800Billion!

The year has only just begun, and already the cryptocurrency markets have surged to a new all-time high, going above $800Billion USD, meaning the market has gained over $200billion in just four days. It might come as no surprise that top of that list is Bitcoin, which is trading above $17,300. Bitcoin Cash did well as well, and rose nearly 10% in the last 24 hours, taking it to $2,750. Despite this though, Bitcoin is no longer nearly as dominant as it was once before. In fact it has fallen to just 36% of the entire market. The reason for...

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