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Cryptocurrenices and Sharia Law: Halal or Haram?
According to this article there are three main cryptos that comply with Sharia law; Stellar’s Lumen (XLM), OneGramCoin (OCG) and X8Currency (X8C).
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Millions across South America hit by massive power cut
Millions of people across Argentina, Uruguay, Paraguay and southern Brazil were left without power early on Sunday after a massive power failure hit all four countries.
tags: Fintech
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Is Bitcoin Money? (And What that Means)
This paper maintains that the standard approach classifies an item as money if and only if it functions as a commonly-accepted medium of exchange. Then, it shows that the demand for bitcoin is comparable to the demand for many government-issued monies. Finally, it argues that bitcoin is money — though perhaps only over a relatively small domain at present.
tags: Fintech CryptoAssets Bitcoin Economics
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The Basis stablecoin had huge ambitions – to be the global algorithmic central bank. Despite plenty of cash & brains, Basis failed. This article pieces together the story of what happened and what it means for the Blockchain Economy.
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Facebook to launch Libra Blockchain testnet next week, backed by Libra Reserve
Facebook and dozens of partners are set to unveil the Libra Association and Libra Blockchain next week. The Libra Blockchain will be backed by Libra Reserve, a reserve of real assets that will provide the cryptocurrency with “stability, low inflation, global acceptance, and fungibility. The Libra Blockchain will be open-sourced under an Apache 2.0 License as of the day of the announcement, and a testnet will be launched at the same time.
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Is Facebook’s Libra the Dollar’s Killer App?
“Facebook’s Libra will pay interest to those who hold it at an equivalent rate at which banks earn interest on their deposits at the Fed. Which in turn will make people begin to wonder why the legacy banking system is not so generous with its depositors. This will put populist pressure on banks and new scrutiny on their relationship with the Fed.”
Kiffmeister’s Fintech Daily Digest 06/16/2019
