Day: January 20, 2022

World’s Largest Islamic Country, Indonesia Forbids Crypto Trading

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It doesn’t come as a surprise to many as Islamic societies are known to label cryptocurrency trading as a form of “Haram”. Many Islamic organisations in the past have condemned the trading of digital assets such as cryptocurrency and even non-fungible tokens. Recently, the Tarjih and Tardid Council of Muhammadiyah also issued a similar memorandum stating that “Tarjih’s fatwa stipulates that cryptocurrencies are illegal both as an investment tool and as a medium of exchange,”. A fatwa implies that the currency is tagged as unlawful for the community. The particular…

UFC Joins NBA, NFL in Dapper Labs’ Sports NFT Suite

“Video is our sweet spot in general, but we’re looking at [UFC’s] partnership a bit differently,” Caty Tedman, head of partnerships at Dapper Labs, told CoinDesk in an interview. “The UFC calendar is so different from the NBA calendar. So we’re going to structure much more around their pay-per-view events, which are like the premier events of their season.” Source

Decentralized Cloud Service Aleph.im Raises $10M

Aleph.im, a cross-blockchain decentralized storage and computing network, has closed a $10 million funding round led by Stratos Technologies, according to a press release shared with CoinDesk. The funds will go toward hiring more staff, particularly engineers, and the continued rollout of the network’s infrastructure. Aleph.im is a distributed cloud platform that provides serverless computing services, file storage and databases. It is meant to be a decentralized alternative to the likes of Amazon’s Lambda. Aleph.im allows Web 3 builders, dapps (decentralized applications) and protocols of any blockchain to “decentralize” an…

Aleph.im raises $10M to develop censorship-resistant data storage

The competition among the computing networks is warming up, with decentralized players coming into the stage with backing from the crypto ecosystem. Decentralized storage and computing network Aleph.im completed a $10 million funding round led by Stratos Technologies. Zeeprime, NOIA Capital, Theia, Bitfwd Capital have contributed to the funding, among others. The cross-blockchain network aims to provide fully decentralized computing power and censorship-resistant data storage, according to the announcement. Aleph.im scheduled its first computing resource node rollout for January following the funding round. The nodes would eventually become the decentralized…

Understanding DeFi and Its Importance in the Crypto Economy

The goal of DeFi is to create an open financial market that is trustless and permissionless. Significant development and investment has been placed into the advancement of DeFi, and as financial advisors, it’s important to understand this space. Much of the technology in the DeFi space builds upon, and improves, the TradFi system, possibly resulting in a better outcome for users – you and your clients. As the space continues to evolve and strengthen, it’s vitally important to have an understanding of decentralized finance and to be prepared to interact…

What Advisors Should Watch For in Crypto in 2022

Thanks to tokenization, investment opportunities that were once difficult to offer to a broad audience and that required long periods of illiquidity, such as private equity, venture capital and private real estate, can now be opened up to more investors. While the transition to tokenization will probably take time, it is already underway, and Eyre feels certain that advisors will recognize and seize the opportunity. Source

Ad restrictions won’t impact crypto demand, Binance CEO says

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Binance CEO Changpeng Zhao, also known as “CZ,” claimed that the growing restrictions on crypto advertisement won’t impact the demand. During his interview with CNBC, CZ stressed that physical crypto advertisements and crypto ads, in general, have not had much impact on user growth, and it has only become common over the past few years. He said that the majority of crypto adoption comes from “word of mouth” marketing.  Clampdown on crypto advertising is unlikely to have much of an effect on demand, says @binance CEO Changpeng Zhao pic.twitter.com/K5EtuWyxGz —…

What Is Blockchain Technology? – CoinDesk

Unlike a database of financial records stored by traditional institutions, the blockchain is completely transparent and aims to be distributed, shared across networks, and in many cases, fully public. By prioritizing transparency around transactions and how the information is stored, the blockchain can act as a single source of truth. Source link

What is Crypto Mining ? ( Crypto mining ဆိုတာဘာလဲ? )

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io လူတိုင်းသိချင်နေကြတဲ့ Crypto mining ဆိုတာဘာလဲ? Mining နဲ့ပတ်သတ်ပြီးသိချင်နေကြမယ်ထင်ပါတယ်။ ဒီ Video ထဲမှာတော့ Mining နဲ့ပတ်သက်ပြီး ဆရာအိမောင် ကမိတ်ဆက်ထားပါတယ်။ #AkhayarTech #Akhayar ============================== Connect with Akhayar Tech: ►Subscribe to channel: youtube.com/c/AkhayarTech ►Facebook: ►Instagram: ►Website : ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Wiki continues to accept crypto donations despite pressure to stop

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Following a proposal from users to stop accepting crypto donations to Wikimedia Foundation, the nonprofit confirmed that it would proceed with crypto donations. Contributors banded together to urge the foundation to disable the option to donate in crypto because of environmental concerns. However, while the organization will continuously monitor the conversations around crypto within its communities, it will not budge on accepting crypto donations. Elise Flick from the Wikimedia team told Cointelegraph that Wikimedia’s fundraising approach is meeting donors where they are. Flick mentioned that the foundation aims to “provide the…