5 Things You Need to Know About Islamic Coin: The Future of Islamic Finance
Introduction
Islamic Coin, also known as ICOIN, is a new player in the world of cryptocurrency that aims to serve the Muslim community with a Shariah-compliant digital currency. With the growing interest in digital currencies among Muslims, ICOIN is quickly gaining attention. In this article, we'll explore five things you need to know about Islamic Coin and why it's becoming a popular choice for Muslim investors.
The Five things you should know
Islamic Coin is a blockchain-based platform that aims to bring the Islamic financial system to the digital world. It is designed to cater to the needs of the Muslim community worldwide who are looking for a Sharia-compliant cryptocurrency. Here are 5 things you should know about Islamic Coin:
Sharia-Compliant: Islamic Coin is based on the principles of Islamic finance and is designed to be Sharia-compliant. This means that all transactions on the platform are conducted in accordance with Islamic law, which prohibits interest-based transactions, excessive speculation, and investments in businesses that are considered haram or unethical.
Decentralized: Like most cryptocurrencies, Islamic Coin is based on blockchain technology, which makes it decentralized. This means that the platform is not controlled by any central authority, and transactions are verified and recorded by a network of users around the world.
Secure and Private: Islamic Coin offers high-level security and privacy features, which are essential for any financial platform. The platform uses advanced encryption technology to protect user data and ensure that transactions are secure and private.
User-Friendly: Islamic Coin is designed to be user-friendly, with a simple and intuitive interface that makes it easy for users to buy, sell, and trade cryptocurrencies. The platform also offers a range of educational resources and support tools to help users navigate the world of cryptocurrencies.
Community-Focused: Islamic Coin is committed to building a strong and supportive community of users who share a common interest in Islamic finance and blockchain technology. The platform hosts regular events, seminars, and workshops to bring users together and promote the growth and development of the platform.
Closing Thought
Islamic Coin is an innovative and exciting platform that aims to bring the principles of Islamic finance to the world of cryptocurrencies. It offers a range of unique features and benefits, including Sharia-compliance, decentralization, security and privacy, user-friendliness, and community-focus. If you are interested in exploring the world of Islamic finance and blockchain technology, Islamic Coin is definitely worth checking out.
On June 19, 2011, Bitcoin experienced one of the most dramatic events in its history: a flash crash that saw its price plummet from $17.50 to just $0.01 on the MtGox exchange. This incident highlighted significant vulnerabilities within the then-dominant trading platform and had lasting implications for the cryptocurrency market. Background and Context Leading up to the crash, Bitcoin's price had surged, reaching a peak of $32 from around $2 just a few months earlier. MtGox, a Tokyo-based exchange, was the primary platform for Bitcoin trading at the time. However, the exchange faced multiple security issues, which created a precarious environment for its users. The Incident In the early hours of June 19, a hacker reportedly gained access to an administrative account belonging to Jed McCaleb, the founder of MtGox, who had sold the exchange to Mark Karpeles three months earlier. The hacker exploited this access to manipulate the market drastically. They sold large quantities of Bitcoin, causing the price to crash to $0.01 within minutes. This rapid price drop allowed the hacker and possibly other opportunistic traders to withdraw Bitcoin at the significantly devalued price, albeit within MtGox's withdrawal limits. Security Lapses The hack was facilitated by several lapses in MtGox's security protocols: Database Breach: A database of MtGox user information, including hashed passwords, was leaked. This allowed the hacker to access user accounts.Lack of Suspended Trading: Despite reports of compromised accounts, MtGox did not suspend trading, which might have prevented the crash.Inadequate Monitoring: MtGox's lack of real-time monitoring and control meant the exchange was slow to react to the abnormal trading activity. The Aftermath Following the crash, MtGox decided to reverse the trades that occurred during the crash period. This decision was controversial and sparked significant debate within the Bitcoin community. Supporters of the rollback argued it was necessary to maintain market integrity, while opponents claimed it undermined the trust and immutability that Bitcoin purportedly represented. In the days following the crash, MtGox went offline for several weeks to address the security breach and restore user confidence. During this period, concerns about MtGox’s solvency grew, leading to a proof-of-reserves transaction where MtGox moved a significant quantity of Bitcoin on-chain to demonstrate its holdings. Long-term Impact The June 19 flash crash exposed severe flaws in MtGox's security and operational protocols. While the immediate financial loss from the incident was relatively small (around 2,000 BTC), the reputational damage was significant. Despite these issues, MtGox continued to operate and remain the leading Bitcoin exchange until its eventual collapse in 2014, which resulted in the loss of approximately 850,000 BTC. This event served as a critical lesson for the cryptocurrency industry, emphasizing the need for robust security measures, transparent operations, and responsive crisis management protocols. The legacy of the 2011 flash crash continues to influence how cryptocurrency exchanges are evaluated and regulated today. Closing Thoughts The Bitcoin flash crash of June 19, 2011, was a landmark event that underscored the vulnerabilities of early cryptocurrency infrastructure. It highlighted the critical importance of security, transparency, and proper exchange management, shaping the future development of cryptocurrency exchanges and contributing to the maturation of the crypto market. #cryptosolutions
13 years ago today, Peter Schiff dismisses Bitcoin at $17 in his 1st-ever radio interview. Ever since, $BTC has outperformed gold, stocks, bonds, all of Wall Street and it's up 350,000% #cryptosolutions
Binance Announces Listing of LayerZero (ZRO) with Seed Tag
Binance is set to list LayerZero (ZRO) and will open trading for several spot trading pairs starting on June 20, 2024, at 12:00 UTC. The new trading pairs include ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY. Users can now deposit ZRO in preparation for trading, with withdrawals available starting June 21, 2024, at 12:00 UTC. The listing fee for ZRO is 0 BNB.
LayerZero is a permission-less omnichain interoperability protocol. Notably, the "Seed" tag will be applied to ZRO, indicating it is an innovative project with potentially higher volatility and risks compared to other listed tokens. Users are advised to conduct thorough research and exercise proper risk management before trading.
Key details:
🔥Trading starts: June 20, 2024, at 12:00 UTC 🔥Withdrawal starts: June 21, 2024, at 12:00 UTC 🔥Listing fee: 0 BNB 🔥Supported blockchains: Ethereum, BNB Chain, Optimism, Arbitrum, Base, Matic, Avalanche
For more information, users should refer to the official Binance announcement and ensure they understand the associated risks before engaging in trading.
A Bitcoin Champion from the Start Max Keiser is a name synonymous with Bitcoin advocacy. He has been championing Bitcoin since its price was less than $1, demonstrating unwavering belief and insight into the cryptocurrency's potential. Early Advocacy and Bold Predictions 1. First Mainstream Journalist: On December 24, 2010, Max Keiser became the first mainstream journalist to profile Bitcoin, with its price at just $0.30.
2. Threat to Governments: By 2011, Max was openly discussing how Bitcoin posed a threat to global governments, recognizing its disruptive potential early on.
3. Biggest Story of the Decade: In 2011, Max declared Bitcoin "the biggest story of the decade." At the time, Bitcoin had just crossed $1, a bold prediction that seemed outlandish to many.
Relentless Support During Volatility 4. Support Amidst Volatility: As Bitcoin’s price fluctuated between $30 and $2, Max remained a steadfast supporter, continuously advocating for its potential despite widespread skepticism. 5. Viral Tweets: Even when Bitcoin’s price was just over $3, Max's tweets were powerful endorsements, encouraging belief in Bitcoin’s future.
Promoting Bitcoin to Influencers 6. Influencing Big Names: By 2012, Max was advising prominent figures like Alex Jones and Tim Pool to invest in Bitcoin. Their decision to ignore his advice cost them billions in potential gains.
Financial Commitment and Early Success 7. Putting Money Where His Mouth Is: Max not only preached but also practiced what he preached by continually buying and even giving away Bitcoin. By 2013, he became one of the first Bitcoin millionaires, owning over 30,000 coins.
Recognizing Bitcoin’s Larger Impact 8. Vision for the Future: Max understood that Bitcoin’s journey was only beginning and vowed never to sell his holdings, seeing Bitcoin as part of a larger financial revolution.
9. Connecting the Dots: As Bitcoin reached $600, Max linked its rise to the actions of whistleblowers like Julian Assange and Edward Snowden, predicting that Bitcoin would "euthanize the bankers."
Continued Advocacy and Memes 10. Creating Memes: During the 2013 bull market, Max invented popular Bitcoin memes, such as calling Bitcoin “f*%k you money,” emphasizing its liberating potential.
11. Highlighting Value Beyond Price: Despite Bitcoin’s soaring price, Max encouraged his audience to see its value in a broader context, as a catalyst for financial revolution.
Generosity and Long-Term Belief 12. Gifting Bitcoin: In 2014, Max gifted podcaster Russell Brand 1,000 Bitcoins, which would be worth nearly $70 million today, showing his generosity and belief in Bitcoin’s future.
13. Defiant Through Crashes: Even as Bitcoin’s price dropped to $100 in 2015, Max remained a vocal supporter, criticizing Wall Street and central banks as frauds.
14.Skepticism of Private Blockchains: Max saw through the hype around big bank private blockchains, remaining confident that Bitcoin would ultimately prevail. Battling Critics and Moving to El Salvador 15. Debunking Skeptics: When Bitcoin surged to $20,000 in 2017, Max actively debunked critics like Peter Schiff, highlighting Bitcoin’s strengths over traditional assets like gold.
16. Continued Advocacy: Max continues to spread the word about Bitcoin on various platforms, maintaining that Bitcoin will outperform traditional financial institutions.
17. Advisor to El Salvador: In 2021, Max became an official advisor to El Salvador as the country adopted a Bitcoin Standard. He moved to El Salvador and even received a birthday cake from the President.
Future Predictions 18. Unwavering Conviction: Today, Max Keiser’s conviction in Bitcoin is stronger than ever. He predicts that one Bitcoin will eventually be worth over $3,000,000, illustrating his enduring belief in the cryptocurrency’s potential.
Max Keiser's journey from early adopter to Bitcoin millionaire and advisor to El Salvador showcases his profound impact and unwavering support for Bitcoin. His insights, predictions, and relentless advocacy have solidified his status as a Bitcoin legend. #cryptosolutions
Binance Blockchain Week: Insights from 2023 and Expectations for 2024
Last year, Binance Blockchain Week took place in Istanbul, highlighting Turkey's growing prominence in the Web3 space. Turkey has one of the highest crypto adoption rates globally, making it a significant player in the blockchain industry. The 2023 event, held from November 8-9, attracted over 2,000 physical attendees and more than 500,000 virtual participants. Key discussions focused on the future of blockchain, institutional adoption, and strategies to onboard the next billion users.
Highlights from 2023 included sessions on Turkey's role in Web3, the evolution of DeFi, and the latest advancements in blockchain technology. Prominent speakers, such as Tron’s Justin Sun, emphasized innovation and practical applications within the crypto ecosystem. The event also featured interactive workshops and panels, providing in-depth insights into blockchain’s potential for driving financial empowerment globally.
Looking ahead, Binance Blockchain Week 2024 is set to take place in the UAE 🇦🇪 on 30th -31st October 2024. This year's event is expected to build on last year’s momentum, featuring groundbreaking discussions and innovations. Attendees can look forward to presentations on the latest trends in blockchain, new DeFi solutions, and explorations of how digital assets can be integrated into traditional financial systems. The focus will continue to be on enhancing user experiences and accessibility to drive wider adoption across diverse user bases.
Stay tuned for more details as the event approaches, promising another round of transformative insights and networking opportunities in the blockchain world.
Immutable Achieves Record-Breaking Game Signings in Early 2024
According to Odaily, Robbie Ferguson, co-founder of Immutable, revealed on platform X that the company has signed more games in the first five months of 2024 than in the entire record-breaking year of 2023. The total number of games signed reached an impressive 147, nearly one game per day.
This surge follows the launch of the beta version of Immutable's zkEVM about three months ago. Looking ahead, over 60 more games are expected to be launched in the next five months. This rapid growth in game signings and launches highlights Immutable's strong momentum and expanding influence in the gaming industry.
Immutable's strategic advancements and increasing game signings reflect its commitment to innovation and excellence in the gaming sector. The company's ability to attract and secure a growing number of game developers and titles signifies a robust and promising future.
As Immutable continues to pioneer in the blockchain gaming space, the industry watches closely to see how this momentum will shape the landscape. With nearly one game signed each day in early 2024, Immutable is setting new benchmarks and showcasing the potential of blockchain technology in gaming.
Top 4 Undervalued RWA Projects and Coins nobody is talking About yet
RWA coins are one of the sectors to keep an eye on this bull-run.
Major institutions are getting ready to take a position. Position yourself in RWA before them.
See the 4 projects 👇
📍 $RWA
Marketcap: $10m
RWA framework. Backed by Binance and Google Launchpad, Xend Finance is a global crypto bank offering up to 15% interest, with an open Web3 infrastructure for developers.
📍 $CREDI
Marketcap: $16m
Its mission is to bridge the gap in debt financing in the European Union and facilitate real-world impact by providing fair and accessible lending solutions to small and medium-sized enterprises (SMEs) in the region. With Credefi, you can access reliable loans backed by a range of real-world assets, including real estate, future receivables, and more.
📍 $LINGO
Token yet to be launched
Lingo is the largest RWA rewards token ecosystem, designed to onboard the next billion Web3 users, built on base and solana. Right now all users can join $LINGO Airdrop Islands to earn token rewards.
📍 Althea Network Altheathon is LIVE! 📣The future of the internet is Althea - build content to support the movement of construction and infrastructure transformation.
Dive deep into case studies, tokenomics, RWAs, DePIN and more.