David “JoelKatz” Schwartz, the Chief Technology Officer of Ripple, has stepped forward to confront the lingering suspicions and doubts about Ripple’s relationship with Coinbase, one of the leading crypto exchanges.

Ripple’s Relationship With Coinbase

The accusations, suggesting that Ripple had incentivized Coinbase to list XRP, its native token, originally surfaced in a Bloomberg report from 2018. The story has found renewed life in the wake of Judge Analisa Torres’ latest ruling in the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC).

Amidst the resurfacing controversy, a Twitter account called ScamDetective, self-described as an on-chain scam detective, reignited the debate by asking: “How much does everyone think Ripple paid Coinbase to list XRP?''

Schwartz Responds to Allegations 

Schwartz replied to the tweet, conveying his thoughts, and expressing his regret over being unable to share the real story behind Coinbase’s listing of XRP. His cryptic remark has only added more fuel to the speculative fire.

#Ripple #XRP #Crypto2023 #Controversy

Islamic Coin, the native currency of HAQQ, a blockchain platform dedicated to creating a Shariah-compliant financial ecosystem, has recently entered into a memorandum of understanding (MoU) with CoinDesk Indices. This partnership aims to explore the development of Shariah-compliant cryptocurrency benchmarks tailored for the Middle East and North Africa markets.

Additionally, the collaboration seeks to enable the licensing of various CoinDesk Indices benchmarks for use in exchange-traded financial products. HAQQ, the blockchain platform housing Islamic Coin, will also gain access to CoinDesk Indices' API for selected digital assets, which will be utilized for its digital asset exchange.

The strategic alliance between Islamic Coin and CoinDesk Indices is expected to have a significant impact on the evolving landscape of Shariah-compliant digital financial services, given the forecasted growth of the global Islamic finance market. It is anticipated to exceed a staggering $3.69 trillion by 2024.

Mohammed AlKaff AlHashmi, the founder of Islamic Coin, expressed enthusiasm about the collaboration, stating, "With the global Islamic finance market forecasted to surpass $3.69 trillion by 2024, this collaboration is poised to reshape the landscape of Shariah-compliant digital financial services."

The collaboration signifies a pivotal step toward bridging the gap between the rapidly expanding cryptocurrency market and the principles of Islamic finance. By creating benchmarks that align with Shariah principles, Islamic Coin and CoinDesk Indices aim to provide a viable and compliant avenue for individuals and institutions in the Middle East and North Africa to participate in the burgeoning world of digital assets.

The synergy between HAQQ's commitment to Shariah compliance and CoinDesk Indices' expertise in crypto benchmarking is expected to contribute to the continued growth and acceptance of blockchain-based financial services within the Islamic finance ecosystem. This initiative not only supports the region's financial inclusion goals but also positions Islamic Coin and HAQQ as key players in shaping the future of Shariah-compliant digital finance.

#IslamicCoin #cryptousdua #BTC #ETH #Crypto2023

In the dynamic world of cryptocurrencies, a groundbreaking development is set to emerge, poised to revolutionize Islamic finance: Islamic Coin (ISLM). This Sharia-compliant digital currency, scheduled for release on September 1, 2023, has already garnered substantial attention and funding, making it a cryptocurrency worth watching closely.

A Unique Offering for a Global Market

Islamic Coin enters the cryptocurrency scene with a unique proposition - it's the first digital currency to fully adhere to the principles of Sharia law. Developed by the Haqq Blockchain, ISLM is designed to cater to the values of practicing Muslims, a market estimated to encompass over 1.2 to 2 billion individuals worldwide.

Sharia compliance in the financial realm translates into a commitment to ethical principles such as profit-sharing, clear contract terms, and avoiding activities resembling gambling or speculation. Moreover, ISLM ensures that the underlying businesses are socially responsible, promoting societal well-being and environmental sustainability. This alignment with Islamic values sets the stage for ISLM's role in reshaping how financial transactions occur within the Muslim community.

Challenges and Opportunities

While the potential market for Islamic Coin is substantial, it's important to acknowledge potential challenges. Recent studies suggest a shifting landscape in certain regions, where ties to Islam are loosening, especially among the younger generation. This raises questions about whether the Sharia-compliant nature of the coin will be sufficient to attract widespread adoption.

Expert opinions vary, with some believing that ISLM needs to demonstrate significant utility beyond its alignment with Islamic law to gain traction. Like Bitcoin, its appeal may extend beyond the religious aspect. Dr. Anas Iqtait, an expert on Islamic Finance, emphasizes the importance of harnessing the crypto sector's potential growth, highlighting the Middle East's role in this endeavor.

The Path Forward: Technology and Vision

Islamic Coin operates on the Haqq blockchain, an "ethical Web3" that emphasizes autonomy, immutability, and decentralization. Powered by a proof-of-stake (PoS) mining mechanism, ISLM ensures energy efficiency, contrasting with the high energy consumption associated with Bitcoin's proof-of-work approach.

The coin's total supply, according to the ISLM whitepaper, will reach 100 billion tokens, with gradual reductions over time to create scarcity, value, and prevent excessive inflation. The emission rate will decrease by 5% every two years, leading to a capped total 100 years from its inception.

A Pillar of Stability for a Changing World

In the words of ISLM Co-Founder Mohammed Alkaff, Islamic Coin is poised to deliver a "pillar of stability, intertwined with values that are future-proof in a changing world." By integrating with 20 payment firms in the Middle East and North Africa (MENA) region by Q4 2023, the project is making strides toward establishing its presence.

While ISLM's potential to rival Bitcoin remains uncertain, its unique combination of Sharia compliance, ethical financial practices, and cutting-edge blockchain technology holds promise. The journey ahead involves not only competing with established Islamic financial institutions but also navigating diverse opinions within the Muslim community.

As Islamic Coin seeks to reshape the landscape of Islamic finance, the cryptocurrency world is watching closely to see if it can transcend the realm of a hopeful contender and emerge as a pioneering force in the global crypto market.

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#IslamicCoin #IslamicFinance #Crypto2023 #DeFi #Web3

Find more: https://islamiccoin.net/

In a significant leap towards advancing ethical decentralized finance (DeFi), HAQQ Shell has seamlessly integrated the Keplr Wallet into its blockchain platform. This collaboration not only bridges user-friendly features with a Shariah-compliant framework but also empowers users to engage with blockchain technology while upholding their values. The integration not only streamlines cryptocurrency management and participation in the Cosmos interchain ecosystem but also reflects a joint commitment to a secure and all-encompassing blockchain future.

Empowering Ethical Users in the Cosmos Ecosystem

The integration of Keplr Wallet with HAQQ Shell's blockchain platform underscores a shared dedication to empowering users within the Cosmos network. Keplr Wallet's user-centric features, meticulously designed for smooth user interaction, align seamlessly with HAQQ Network's ethos of enabling accessible and ethical participation in the blockchain domain.

By supporting Keplr Wallet, HAQQ Shell bridges two essential aspects of the blockchain ecosystem: its mission to uphold Islamic ethical finance principles and Keplr's dedication to providing an exceptional user interface for Cosmos-SDK based blockchains. This synergy promises significant advantages for users of both platforms.

Strengthening the Ethical Finance Landscape

The integration offers users a seamless gateway to engage in decentralized finance while staying true to their ethical principles. Keplr Wallet's capabilities in multichain support, staking, and hardware wallet security synergize harmoniously with HAQQ Shell's scalable and Shariah-compliant framework. This amalgamation results in an all-inclusive environment that empowers users to navigate the blockchain landscape with confidence.

Enhanced Security and Accessibility

Furthermore, Keplr Wallet's multifaceted features, including multichain management, staking, voting, and dApp connectivity, contribute an additional layer of accessibility and security to the HAQQ ecosystem. This translates to an augmented experience for HAQQ Network users, enabling them to engage with assurance while maintaining their ethical values.

Expanding the Horizons of Cosmos Ecosystem

For Keplr Wallet, this integration serves as a gateway to expand its reach within the Cosmos interchain ecosystem. By tapping into the HAQQ ecosystem, Keplr gains the opportunity to cater to a wider community of users seeking Shariah-compliant options. This endeavor aligns seamlessly with Keplr's commitment to enriching the Cosmos experience.

Beyond its technological implications, this partnership embodies the essence of decentralized ethical finance. It embraces core values such as transparency, trust, and community, which are foundational to both HAQQ Shell and Keplr Wallet.

In conclusion, the integration of Keplr Wallet into HAQQ Shell's blockchain platform marks a significant stride towards ethical DeFi, where users can engage with blockchain technology without compromising their values. This collaboration not only enhances the cryptocurrency landscape within the Cosmos interchain ecosystem but also reinforces the shared commitment to a secure and inclusive blockchain future.

#IslamicCoin #DeFi #Crypto2023 #Web3 #HAQQ

Zug, Switzerland, is where Islamic Coin, a Sharia-compliant cryptocurrency and blockchain platform, Haqq, was founded. They recently signed four important memorandums of understanding. These agreements are aimed at establishing partnerships with leading private and public services in the United Arab Emirates ( #UAE ), creating ties in the areas of immigration, medical and healthcare services, and travel.
Four organizations have joined the Islamic Coin - Haqq partner network

MBM Specialty Medical Center: This medical center offers specialized services for clients from all over the world.

24 Seven Government Transactions Center: A government service center that deals with various government transactions.

IV Wellness Lounge Clinic: A wellness clinic known for its innovative treatments and services.

Middle East Holiday: A well-known player in the travel industry, serving millions of customers around the world.

The main goal of this collaboration is to improve customer experience and integrate advanced technologies by leveraging the innovative capabilities of the #HAQQ blockchain and #IslamicCoin . The signing ceremony took place at the office of Sheikh Mohammed bin Maktoum bin Juma Al Maktoum and marks the beginning of some international initiatives.

Founder Mohammed Al Kaff Al Hashmi expressed his great satisfaction with these new partnerships. He emphasized the importance of expanding Islamic Coin's presence in sectors that play a vital role in people's lives, from healthcare to travel.

Islamic Coin and Haqq Network have previously partnered with London-based DDCAP Group. This partnership aims to facilitate the seamless integration of Haqq Network with more than 300 global Islamic banks. The collaboration is aimed at developing various solutions for Islamic finance, including a Shariah-compliant alternative to SWIFT - Web3, a digital asset platform, central bank digital currencies (CBDCs), tokenization, and other innovative initiatives.

This initiative opens the door for crypto products in one of the world's most powerful economies. I would like to remind you that the Advisory Board of the project includes members of the ruling families of Abu Dhabi and Dubai, who provide valuable experience and oversee the project. The Executive Board consists of prominent representatives of both conventional and Islamic finance, including figures with extensive experience in Islamic banking and global finance, so it is worth paying close attention to this project and following it, this is my advice to you.

This partnership and expansion of the network is indicative of a broader trend where blockchain and cryptocurrencies are increasingly being integrated into various sectors and industries around the world, including those that adhere to ethical and Shariah principles.

#crypto2024 #Crypto2023
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