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#IslamicCoin , the currency of #HAQQ , a platform for creating a Shariah-compliant financial ecosystem, has entered into an agreement with #CoinDesk Indices. The cooperation is aimed at creating cryptocurrency indices for the Middle East and North Africa.
It will also allow CoinDesk Indices to be used in financial products. HAQQ will have access to the CoinDesk Indices API for its own digital exchange.
This collaboration promises to transform Shariah digital financial services in the context of a growing Islamic finance market projected to be worth over $3.69 trillion by 2024.
Mohammed AlKaff AlHashmi, founder of Islamic Coin, expressed enthusiasm: "This collaboration is shaping the landscape of Shariah digital financial services."
This initiative will facilitate the growth of blockchain financial services in the world of Islamic finance and supports the goals of financial inclusion in the region.
This collaboration between Islamic Coin and CoinDesk Indices has the potential to be a catalyst for the development of the decentralized Web3 in the region. It paves the way for the implementation of Shariah principles in digital assets and financial services, which could go a long way in supporting the adoption of blockchain technologies and cryptocurrencies in the Islamic financial sector.
Also, the development of Shariah-compliant cryptocurrency indices initiates the creation of new markets for trading and investment. This can increase liquidity and activity in the markets in the region and promote the development of cryptocurrency infrastructures.
#cryptoshark #Crypto2023
It will also allow CoinDesk Indices to be used in financial products. HAQQ will have access to the CoinDesk Indices API for its own digital exchange.
This collaboration promises to transform Shariah digital financial services in the context of a growing Islamic finance market projected to be worth over $3.69 trillion by 2024.
Mohammed AlKaff AlHashmi, founder of Islamic Coin, expressed enthusiasm: "This collaboration is shaping the landscape of Shariah digital financial services."
This initiative will facilitate the growth of blockchain financial services in the world of Islamic finance and supports the goals of financial inclusion in the region.
This collaboration between Islamic Coin and CoinDesk Indices has the potential to be a catalyst for the development of the decentralized Web3 in the region. It paves the way for the implementation of Shariah principles in digital assets and financial services, which could go a long way in supporting the adoption of blockchain technologies and cryptocurrencies in the Islamic financial sector.
Also, the development of Shariah-compliant cryptocurrency indices initiates the creation of new markets for trading and investment. This can increase liquidity and activity in the markets in the region and promote the development of cryptocurrency infrastructures.
#cryptoshark #Crypto2023
How long will it take for the combination of ideology, technology, and community that the #IslamicCoin introduces to produce tangible results?
Cryptocurrencies are a fast-growing sector, with $BTC leading the way.
In 2021, important milestones in the development of cryptocurrencies were the transition to cryptocurrencies by companies such as Samsung and Reddit, the adoption of bitcoin by El Salvador, and the transition to bitcoin by Tesla.
The potential for mass adoption of cryptocurrencies is just around the corner, with global integration across sectors.
Blockchain technology has been compared to the Internet in terms of its transformative impact.
It enables secure, trustless interaction and eliminates intermediaries.
Modern blockchains, using the Proof of Stake principle, provide high transaction throughput with minimal energy consumption.
And it is the Islamic Coin that aims to have a profound impact on one of the world's largest communities by bringing together ideology, technology, and community.
After all, it is the first digital currency designed for Muslims that is built for sustainable growth, with Evergreen #DAO acting as the decision-making body.
Unlike traditional systems, Islamic Coin adheres to Shariah principles, which, when implemented in the financial sector, will have a tangible result, as I believe they are quite revolutionary.
The ISLM coin can only be minted by validators and stakeholders represented by the project team, which consists of very wealthy individuals, guaranteeing its value and fairness.
A portion of the newly minted coins goes to the Evergreen DAO for community projects and charitable purposes.
The platform's mission is to provide the global Muslim community with a promising financial instrument.
With widespread adoption, the Islamic coin can become a very valuable crypto asset that will benefit both holders and community initiatives.
This synthesis emphasizes the combination of Islamic principles, technology, and community empowerment through an Islamic coin.
#cryptoshark #Investideabinance #crypto2024
Cryptocurrencies are a fast-growing sector, with $BTC leading the way.
In 2021, important milestones in the development of cryptocurrencies were the transition to cryptocurrencies by companies such as Samsung and Reddit, the adoption of bitcoin by El Salvador, and the transition to bitcoin by Tesla.
The potential for mass adoption of cryptocurrencies is just around the corner, with global integration across sectors.
Blockchain technology has been compared to the Internet in terms of its transformative impact.
It enables secure, trustless interaction and eliminates intermediaries.
Modern blockchains, using the Proof of Stake principle, provide high transaction throughput with minimal energy consumption.
And it is the Islamic Coin that aims to have a profound impact on one of the world's largest communities by bringing together ideology, technology, and community.
After all, it is the first digital currency designed for Muslims that is built for sustainable growth, with Evergreen #DAO acting as the decision-making body.
Unlike traditional systems, Islamic Coin adheres to Shariah principles, which, when implemented in the financial sector, will have a tangible result, as I believe they are quite revolutionary.
The ISLM coin can only be minted by validators and stakeholders represented by the project team, which consists of very wealthy individuals, guaranteeing its value and fairness.
A portion of the newly minted coins goes to the Evergreen DAO for community projects and charitable purposes.
The platform's mission is to provide the global Muslim community with a promising financial instrument.
With widespread adoption, the Islamic coin can become a very valuable crypto asset that will benefit both holders and community initiatives.
This synthesis emphasizes the combination of Islamic principles, technology, and community empowerment through an Islamic coin.
#cryptoshark #Investideabinance #crypto2024
3 years
58%
5 years
42%
107 votes • Voting closed
Islamic Coin provides key updates and information
The Islamic Coin team is pleased to provide our community with crucial updates and information on the ongoing development and progress of the HAQQ network. In light of the great interest and investment in the ecosystem, we want to discuss important topics, clarify our commitments, and provide full transparency.
Securing $400 million in funding
The active development of the HAQQ network and the opportunities offered by the Islamic coin ecosystem have attracted significant attention from prominent private investors and venture capital funds. We are pleased to announce that HAQQ has successfully secured $400 million in funding, which is a testament to the project's vision and potential.
Of this amount, a significant portion - $200 million - came from ABO Digital, a key partner supporting the project. This commitment plays a key role in ensuring the long-term stability and sustainability of the project. It is a testament to the confidence and belief in our mission.
Reg D Public sale on Republic
We understand that transparency, compliance, and security are paramount in the crypto space. To this end, we have chosen Republic as our public sale platform for Reg D for US investors and Reg S for investors from other countries. This decision was made after careful consideration and is consistent with our commitment to regulatory compliance.
Republic is a highly regulated platform with a robust structure for conducting token sales. This ensures that our token offering meets all legal requirements, including strict due diligence and Know Your Customer (KYC) procedures. This choice is an important step in our commitment to providing safe and secure investment opportunities for our community.
Important caveatsWe would like to emphasize the importance of conducting thorough research before participating in our token sales. All token sales involve certain risks, and it is very important to fully understand the terms and conditions. For more information, please read the terms and conditions available on our public sale page which will be in the comments
HAQQ Association: Registered non-profit organization in SwitzerlandThe HAQQ Association is an actively registered non-profit organization based in Switzerland. This distinction reflects our commitment to ethical, community-oriented initiatives. Our mission is to foster a financial ecosystem that adheres to Islamic principles, ensuring a fair and equitable financial future.
Bored Gen: An important part of the HAQQ ecosystemBored Gen is an integral component of the HAQQ ecosystem. It plays an important role in the development of the essential infrastructure of the HAQQ network. Our commitment to transparency and accountability is documented in our Whitepaper v2. We are committed to building a trusted ecosystem that benefits all participants and is consistent with the principles of Islamic finance.
A global team for an ethical web3
Our project development team is based in the United Arab Emirates, specifically at the Dubai Financial Market Development Center (Dubai DMCC). We pride ourselves on maintaining our commitment to decentralization by assembling a world-class team from around the world. This approach allows us to work remotely as well as from our office, ensuring that we realize our vision of creating an ethically driven web3.
The Islamic Coin team is deeply grateful for the support and enthusiasm shown by our community. We remain committed to building an inclusive, ethical, and innovative financial ecosystem. Stay tuned for further updates and feel free to join our upcoming AMA to ask questions and interact with our team.
Disclaimer: The information provided here does not constitute financial advice and you should conduct your research and seek professional advice before making investment decisions.
#Crypto2023 #Investideabinance #cryptoshark #IslamicFinance #cryptousdua
Securing $400 million in funding
The active development of the HAQQ network and the opportunities offered by the Islamic coin ecosystem have attracted significant attention from prominent private investors and venture capital funds. We are pleased to announce that HAQQ has successfully secured $400 million in funding, which is a testament to the project's vision and potential.
Of this amount, a significant portion - $200 million - came from ABO Digital, a key partner supporting the project. This commitment plays a key role in ensuring the long-term stability and sustainability of the project. It is a testament to the confidence and belief in our mission.
Reg D Public sale on Republic
We understand that transparency, compliance, and security are paramount in the crypto space. To this end, we have chosen Republic as our public sale platform for Reg D for US investors and Reg S for investors from other countries. This decision was made after careful consideration and is consistent with our commitment to regulatory compliance.
Republic is a highly regulated platform with a robust structure for conducting token sales. This ensures that our token offering meets all legal requirements, including strict due diligence and Know Your Customer (KYC) procedures. This choice is an important step in our commitment to providing safe and secure investment opportunities for our community.
Important caveatsWe would like to emphasize the importance of conducting thorough research before participating in our token sales. All token sales involve certain risks, and it is very important to fully understand the terms and conditions. For more information, please read the terms and conditions available on our public sale page which will be in the comments
HAQQ Association: Registered non-profit organization in SwitzerlandThe HAQQ Association is an actively registered non-profit organization based in Switzerland. This distinction reflects our commitment to ethical, community-oriented initiatives. Our mission is to foster a financial ecosystem that adheres to Islamic principles, ensuring a fair and equitable financial future.
Bored Gen: An important part of the HAQQ ecosystemBored Gen is an integral component of the HAQQ ecosystem. It plays an important role in the development of the essential infrastructure of the HAQQ network. Our commitment to transparency and accountability is documented in our Whitepaper v2. We are committed to building a trusted ecosystem that benefits all participants and is consistent with the principles of Islamic finance.
A global team for an ethical web3
Our project development team is based in the United Arab Emirates, specifically at the Dubai Financial Market Development Center (Dubai DMCC). We pride ourselves on maintaining our commitment to decentralization by assembling a world-class team from around the world. This approach allows us to work remotely as well as from our office, ensuring that we realize our vision of creating an ethically driven web3.
The Islamic Coin team is deeply grateful for the support and enthusiasm shown by our community. We remain committed to building an inclusive, ethical, and innovative financial ecosystem. Stay tuned for further updates and feel free to join our upcoming AMA to ask questions and interact with our team.
Disclaimer: The information provided here does not constitute financial advice and you should conduct your research and seek professional advice before making investment decisions.
#Crypto2023 #Investideabinance #cryptoshark #IslamicFinance #cryptousdua
#Cryptocurrency #Scammers Steal £180,000 from Norfolk Resident
A resident of Norfolk, England, has lost £180,000 (approximately $227,412) falling victim to cryptocurrency scammers who gained access to her personal devices.
Local law enforcement reports that the Norfolk resident filled out an online form promoted in the context of cryptocurrency investments. Subsequently, unknown individuals contacted her, promising to open a trading account and manage it on her behalf in the cryptocurrency market. The criminals maintained contact with the victim for six months.
Gaining her trust, the scammers convinced the woman to grant them remote access to her phone and laptop to periodically transfer substantial sums of money. She believed that these funds were being invested in digital assets. The deception was uncovered when she reached out to her bank to inquire about the status of the transfer. It turned out that there were no investments, and the money had been stolen by the fraudsters.
"The first thing I felt when I learned about this fraud was fear for my future because I was left with almost nothing. My life will never be the same, and it's difficult for me to grasp just how ruthless some people can be," shared the deceived woman.
Norfolk Police urge the public to exercise caution when it comes to cryptocurrency investments. Scammers frequently lure individuals through social media or fake websites. To make their advertisements seem credible, fraudsters may use photos or fake endorsements from celebrities. Police emphasize that no legitimate company will pressure people into investments and recommend conducting thorough research before parting with money.
A similar incident occurred in Chelyabinsk, Russia, where police arrested an immigrant who had been deceived out of 3 million rubles under the pretense of selling cryptocurrency.
#Scam #cryptoshark
A resident of Norfolk, England, has lost £180,000 (approximately $227,412) falling victim to cryptocurrency scammers who gained access to her personal devices.
Local law enforcement reports that the Norfolk resident filled out an online form promoted in the context of cryptocurrency investments. Subsequently, unknown individuals contacted her, promising to open a trading account and manage it on her behalf in the cryptocurrency market. The criminals maintained contact with the victim for six months.
Gaining her trust, the scammers convinced the woman to grant them remote access to her phone and laptop to periodically transfer substantial sums of money. She believed that these funds were being invested in digital assets. The deception was uncovered when she reached out to her bank to inquire about the status of the transfer. It turned out that there were no investments, and the money had been stolen by the fraudsters.
"The first thing I felt when I learned about this fraud was fear for my future because I was left with almost nothing. My life will never be the same, and it's difficult for me to grasp just how ruthless some people can be," shared the deceived woman.
Norfolk Police urge the public to exercise caution when it comes to cryptocurrency investments. Scammers frequently lure individuals through social media or fake websites. To make their advertisements seem credible, fraudsters may use photos or fake endorsements from celebrities. Police emphasize that no legitimate company will pressure people into investments and recommend conducting thorough research before parting with money.
A similar incident occurred in Chelyabinsk, Russia, where police arrested an immigrant who had been deceived out of 3 million rubles under the pretense of selling cryptocurrency.
#Scam #cryptoshark
On August 12, 2023, around 391,305 #BTC worth $11.4 billion emerged from long dormancy, signifying previously inactive assets. Dormant bitcoins, left untouched for an extended period, can create market volatility when moved. They stem from various factors like lost access, strategic holding, or legal hurdles. Detection involves specialized blockchain analysis tools, such as btcparser.com. The initial awakening took place on block 802,827, transferring 195.795 BTC. On the same day, blocks 802,872 and 802,879 saw the movement of 100 and 66.589 BTC, dormant since April 2014. The decision to move dormant bitcoins is likely driven by unique circumstances and potential profit realization, especially during surges in Bitcoin's value.
#cryptoshark #Crypto2023 #Bitcoin
#cryptoshark #Crypto2023 #Bitcoin
Unknown #Hacker Breaches #Stake Wallet, Making Off with Nearly $16 Million
The wallet of the betting platform Stake has fallen victim to a hacker attack. Suspicious transactions were reported by the Cyvers Alerts team.
Analysts have indicated that the attacker "obtained approximately $16 million in ETH, USDC, USDT, and DAI." As of the time of writing, the Stake team has not responded to reports from #CyversAlerts and PeckShield.
The analysts at Cyvers Alerts mentioned that the hacker transferred from the address 6001 ETH, 900,000 DAI, $1.1 million USDC, and $3.9 million USDT. They have not yet specified how the unknown individual managed to breach the wallet.
#crypto2024 #cryptoshark
The wallet of the betting platform Stake has fallen victim to a hacker attack. Suspicious transactions were reported by the Cyvers Alerts team.
Analysts have indicated that the attacker "obtained approximately $16 million in ETH, USDC, USDT, and DAI." As of the time of writing, the Stake team has not responded to reports from #CyversAlerts and PeckShield.
The analysts at Cyvers Alerts mentioned that the hacker transferred from the address 6001 ETH, 900,000 DAI, $1.1 million USDC, and $3.9 million USDT. They have not yet specified how the unknown individual managed to breach the wallet.
#crypto2024 #cryptoshark
I recently came across a fascinating story about a #Bitcoin investor from Wales that I just had to share with you. It's a tale of accidental loss, perseverance, and the incredible value of #cryptocurrencies .
So, about ten years ago, a guy named James Howell from Wales lost access to his Bitcoin stash. How did this happen? Well, he accidentally threw away a hard drive containing 8,000 #BTC . Yes, you read that right! At the time, those Bitcoins were not worth much, but fast forward to today, and they're worth a staggering $557 million!
James Howell didn't give up easily. For a whole decade, he tried to get permission from the local authorities to dig up the landfill where he believed his lost Bitcoins were buried. But there was a catch—the city council repeatedly denied his requests, citing environmental concerns. They argued that the excavation would harm the environment in the area.
Despite James's efforts to persuade them, the council stood firm. It's a real-life reminder of the challenges and complexities that can come with dealing with lost or inaccessible cryptocurrencies.
But here's the twist: James even offered to use a portion of the recovered Bitcoins to benefit the city of Newport. He had ambitious plans, like giving every resident £50 and installing cryptocurrency terminals in every store. He also proposed creating renewable energy infrastructure for a Bitcoin mining operation that would generate revenue for Newport. But the council still said no.
This story not only highlights the incredible value that cryptocurrencies like Bitcoin have attained but also raises important questions about how we handle lost digital assets. It's a cautionary tale and a reminder of the potential financial windfalls associated with early cryptocurrency investments.
What do you think about James Howell's journey and the city council's decision? Let me know your thoughts in the comments.
#cryptoshark #Crypto2023
So, about ten years ago, a guy named James Howell from Wales lost access to his Bitcoin stash. How did this happen? Well, he accidentally threw away a hard drive containing 8,000 #BTC . Yes, you read that right! At the time, those Bitcoins were not worth much, but fast forward to today, and they're worth a staggering $557 million!
James Howell didn't give up easily. For a whole decade, he tried to get permission from the local authorities to dig up the landfill where he believed his lost Bitcoins were buried. But there was a catch—the city council repeatedly denied his requests, citing environmental concerns. They argued that the excavation would harm the environment in the area.
Despite James's efforts to persuade them, the council stood firm. It's a real-life reminder of the challenges and complexities that can come with dealing with lost or inaccessible cryptocurrencies.
But here's the twist: James even offered to use a portion of the recovered Bitcoins to benefit the city of Newport. He had ambitious plans, like giving every resident £50 and installing cryptocurrency terminals in every store. He also proposed creating renewable energy infrastructure for a Bitcoin mining operation that would generate revenue for Newport. But the council still said no.
This story not only highlights the incredible value that cryptocurrencies like Bitcoin have attained but also raises important questions about how we handle lost digital assets. It's a cautionary tale and a reminder of the potential financial windfalls associated with early cryptocurrency investments.
What do you think about James Howell's journey and the city council's decision? Let me know your thoughts in the comments.
#cryptoshark #Crypto2023
Here's what the ISLAMIC COIN project team has to say about the VARA situation in a nutshell.
Update on Islamic Coin's regulatory compliance
Dear Islamic Coin and HAQQ community,
We understand your need for clarity on the VARA situation. Our delay in responding was to ensure a thorough understanding and accurate communication. We urge caution and avoidance of unfounded accusations in the dynamic landscape of Web3 and cryptocurrencies.
The rules are evolving and it is natural for new bodies to refine standards. As leading Tier 1 protocols, Islamic Coin and HAQQ prioritize innovation and regulatory compliance. We respect regulatory research during transitional periods, recognizing that it may lead to disagreement.
Our commitment to community and regulatory transparency is unwavering. We assure you that we are here to stay and more updates are on the way. Thank you for your support.
#cryptoshark #Crypto2023 #cryptousdua #HAQQ #IslamicCoin
$BTC $MINA $ETH
Update on Islamic Coin's regulatory compliance
Dear Islamic Coin and HAQQ community,
We understand your need for clarity on the VARA situation. Our delay in responding was to ensure a thorough understanding and accurate communication. We urge caution and avoidance of unfounded accusations in the dynamic landscape of Web3 and cryptocurrencies.
The rules are evolving and it is natural for new bodies to refine standards. As leading Tier 1 protocols, Islamic Coin and HAQQ prioritize innovation and regulatory compliance. We respect regulatory research during transitional periods, recognizing that it may lead to disagreement.
Our commitment to community and regulatory transparency is unwavering. We assure you that we are here to stay and more updates are on the way. Thank you for your support.
#cryptoshark #Crypto2023 #cryptousdua #HAQQ #IslamicCoin
$BTC $MINA $ETH
LIVE
Binance News
--
Binance Market Update (2023-08-06)
The global cryptocurrency market cap now stands at $1.16T, down by -0.52% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $28,979 and $29,142 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $29,076, down by -0.01%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include YGG, OXT, and GTC, up by 71%, 29%, and 22%, respectively.
Top stories of the day:
101 ETH from Scam Token XPro Deposited into TornadoCash, Possible Future Scam Token Purchases
Bitcoin Whales Keep Accumulating Amid Market Turbulence, Indicating Positive Outlook
Tether CTO Announces Completion of JavaScript Library Work for Mining Hardware
English Law Commission Proposes New Legal Approach for Digital Assets; Aiming to Make UK Preferred DeFi Jurisdiction
Significant Liquidity Removed from Satori Token; Suspected Honeypot
Azuki Bidding Robot Deceived, Loses 800 ETH; Owner Offers 10% Bug Bounty for 90% Return
DeFi Trader Hanwe Chang Tricks Bot, Makes $1.4 Million in ETH on NFTs
Multichain Exploiter Sells Stolen Assets Worth $36.7M, Spot On Chain Reports
SEC Awards $104 Million to Seven Whistleblowers for Aiding Enforcement Actions Success
FBI Warns of Phishing Scams and Social Media Hijackers Targeting NFT and Crypto Space
Market movers:
ETH: $1830.8 (-0.09%)
BNB: $244.6 (+1.24%)
XRP: $0.6322 (+0.52%)
DOGE: $0.07543 (-1.35%)
ADA: $0.2943 (+0.86%)
SOL: $23.14 (+1.40%)
TRX: $0.07707 (+0.72%)
DOT: $5.003 (+0.75%)
MATIC: $0.6701 (+0.63%)
LTC: $83.21 (+0.85%)
Top gainers on Binance:
YGG/BUSD (+71%)
OXT/BUSD (+29%)
GTC/BUSD (+22%)
Bitcoin (BTC) has been trading between $28,979 and $29,142 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $29,076, down by -0.01%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include YGG, OXT, and GTC, up by 71%, 29%, and 22%, respectively.
Top stories of the day:
101 ETH from Scam Token XPro Deposited into TornadoCash, Possible Future Scam Token Purchases
Bitcoin Whales Keep Accumulating Amid Market Turbulence, Indicating Positive Outlook
Tether CTO Announces Completion of JavaScript Library Work for Mining Hardware
English Law Commission Proposes New Legal Approach for Digital Assets; Aiming to Make UK Preferred DeFi Jurisdiction
Significant Liquidity Removed from Satori Token; Suspected Honeypot
Azuki Bidding Robot Deceived, Loses 800 ETH; Owner Offers 10% Bug Bounty for 90% Return
DeFi Trader Hanwe Chang Tricks Bot, Makes $1.4 Million in ETH on NFTs
Multichain Exploiter Sells Stolen Assets Worth $36.7M, Spot On Chain Reports
SEC Awards $104 Million to Seven Whistleblowers for Aiding Enforcement Actions Success
FBI Warns of Phishing Scams and Social Media Hijackers Targeting NFT and Crypto Space
Market movers:
ETH: $1830.8 (-0.09%)
BNB: $244.6 (+1.24%)
XRP: $0.6322 (+0.52%)
DOGE: $0.07543 (-1.35%)
ADA: $0.2943 (+0.86%)
SOL: $23.14 (+1.40%)
TRX: $0.07707 (+0.72%)
DOT: $5.003 (+0.75%)
MATIC: $0.6701 (+0.63%)
LTC: $83.21 (+0.85%)
Top gainers on Binance:
YGG/BUSD (+71%)
OXT/BUSD (+29%)
GTC/BUSD (+22%)