UAE’s Al Hilal Becomes First Islamic Bank to Issue Bond on Blockchain

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. A state-owned financial institution in the United Arab Emirates, Al Hilal Bank, has made history by becoming the world’s first Islamic bank to execute a Sukuk (Sharia-compliant bond) transaction on a blockchain. In a secondary market deal, Al Hilal Bank used blockchain technology to resell and settle a portion of a US$0.5 billion Sukuk issued two months ago and scheduled to mature in September 2023. According…

Bitcoin Cash Hash War | Who Came Out Victorious?

Nearly ten days ago, Bitcoin Cash underwent its second scheduled protocol upgrade of the year. Most in the crypto community know that a ‘hard fork’ in the chain is the only way to upgrade proof-of-work consensus protocols. Just before this upgrade occurred, competing proposals emerged and split the BCH community in three. From the scheduled hard fork, three fractions of the Bitcoin Cash blockchain emerged, and the Bitcoin Cash hash war began. Bitcoin Cash Hash War On November 15th, BCH was split into Bitcoin SV, Bitcoin ABC, and Bitcoin Unlimited. Bitcoin…

Bitcoin Price Continues to Bleed as Market Fails to Find a Bottom

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin price on Monday continued its crash course despite showing gains during the early Asian trading session. The digital currency attempted a go at its yearly low at ~$3,455 after reversing from its intraday peak at $4,115. That overall marked a circa 14 percent crash, setting standards for a further bearish action. The BTC/USD index at press time is trading at 3581-fiat, eyeing potential support…

Ohio Accepts Bitcoin for Tax Payments

As Bitcoin heads down the slope, the State of Ohio has just made a move that actually champions the ailing coin. And it’s a vital time for such a move. Ohio has decided to accept Bitcoin for tax payments, becoming the first state to do so. Not only is this move momentous in terms of institutional approval, but its timing is also impeccable—casting a silver lining to what has been a very dark cloud for Bitcoin. Ohio Accepts Bitcoin in the Nick of Time The initiative begins now. Ohio businesses…

Could Ohio’s Acceptance of Bitcoin as Tax Increase Legitimacy of Crypto?

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Businesses in the state of Ohio are now permitted to settle tax payments using Bitcoin (BTC). State Treasurer Josh Mandel, who initially proposed the integration of Bitcoin to the state to facilitate the growth of the local cryptocurrency industry, stated that he views the dominant cryptocurrency as a legitimate form of currency. “I do see [bitcoin] as a legitimate form of currency,” he said. Increasing the Legitimacy…

A Blockchain Ranking Machine to Select Promising Science-Focused Venture Projects

For every Da Vinci funded by the Borgias and Edison patronized by Ford, there are tens, if not hundreds of inventors and genius scientists, whose innovations have never been noticed. In many cases, it was the inability to attract investors that buried promising technologies. A startup called ScientificCoin, based in California, aims to have a solution for this centuries-old problem. Nerds to the rescue The company has developed an algorithm for a bias-free, decentralized evaluation of projects so that investors can fund venture projects in science and other areas including…

Bitcoin Price Will Bottom at 85% Discount to All-Time High: Morgan Creek

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Anthony Pompliano, who works in Morgan Creek’s Digital Assets division, told CNBC’s Squawk Box on Monday that he believes the Bitcoin price is essentially going to bottom out with an 85% reduction in value from its previous all-time high. Prefacing that his forecast is based on previous experience in the crypto markets, he said: “85% from the all-time high is about where we’ll end up. Puts…

Bitcoin Cash Price Rallies Toward $200 as CoinGeek Ends ‘Hash War’

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin cash price on Monday made a charge back toward the $200 level, bolstered by the announcement that CoinGeek had formally called for an end to the “hash war” that had threatened to destabilize the BCH network following this month’s contentious hard fork. Bitcoin Cash Price Crosses $200 But Pares Gains After entering the day trading near $180, BCH traded down to about $175 before…

Crypto Winter is Here But the Next Wave Will be Massive

Since the introduction of blockchain in 2008, there have been more than 80,000 digital ledger technology projects launched around the world. In 2016, a total of 29 crypto projects raised over $6 billion via tokenized crowdfunding (ICO). The next year, 871 ICOs raised a whopping $6 billion, causing a wave of investment into the blockchain space. And in 2018 – this year – over 800 ICOs have announced their blockchain products. But a “crypto winter” may end up freezing a majority of them to death, believes Muneeb Ali. Decline in…

Bitcoin Briefly Breaks Over $4,000, Bitcoin Cash Sees Gains Near 20 Percent on the Day

Monday, Nov. 26: crypto markets have seen a strong flush of green amidst the recent news that the U.S. state of Ohio is poised to become the first state to accept Bitcoin (BTC) for tax payments. Virtually all of the top 100 cryptocurrencies by market share are seeing a sufficient rebound over the past 24 hours, with Bitcoin Cash (BCH) growing the most by almost 20 percent on the day. Market visualization from Coin360 Yesterday, Nov. 25, Bitcoin dipped below the $4,000 threshold for the first time since September 2017,…