The First Crypto Exchange in the History of Muslim Countries Launches Soon

arabic crypto exchange

As we mentioned in our article about the first Arabic cryptocurrency, Dubaicoin, the muslim world states perceive cryptocurrency very cautiously, since all of the activities that they engage in must comply with the Sharia law. That is why all crypto novelties appear in such countries with a slight delay. For example, the company Adab Solutions is planning to launch the first ever Arabic crypto exchange.

The First Islamic Crypto Exchange (FICE) will conduct its token sale this September, after that it will start listing other digital coins and provide exchange services. The Sharia Advisory Board fully approved the project which means that the Islamic countries will soon enter the cryptocurrency market.

We would like to remind you that Stellar’s blockchain became the first one to comply with the Sharia law.

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Crypto Master Minds That Made It Into Forbes’s 30 Under 30

One of the most famous editions in the world, Forbes, came out with its annual rating of the most influential people under the age of 30 in different spheres of activity, including healthcare, music, art, retails and many others. This time the section of “finance” was replenished with a couple of blockchain and crypto personalities, namely:

1. JB Rubinovitz (26) is a crypto entrepreneur whose goal is to incorporate crypto mining as a way to provide bails for arrested people.

2. Olaoluwa Osuntokun (25) is one of the founders and a Chief Technical Officer of the company Lightning Labs. He raised $2.5 million to develop Bitcoin as a fully usable means of payment.

3. Hunter Horsley (28) is a CEO of the company Bitwise Asset Management. His firm specializes in creating crypto indexes.

4. Nader Al-Naji (26) and his company Intangible Labs are currently working on a concept of a cryptocurrency that could easily replace the usual banks.

We remind you:

Forbes Launches Its Own Version of the CoinMarketCap

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A Major Twitter Scam Made Target Promote a Bitcoin Giveaway

Twitter scammers are getting more and more intricate to make their fraud look like it’s not fraud. This time another scam involves a couple of popular brands (and, surprisingly, not Elon Musk).

A couple of unknown crypto criminals started spreading a tweet, encouraging the community to participate in a BTC giveaway. The scammers promised to give out $30 million worth of crypto. The tweet were quickly deleted, but some members of the crypto community managed to capture it.

The most interesting part of this whole scam is that its organizers allegedly hacked account of such popular companies as Target, The Body Shop, AHDB etc. and used them to endorse their endeavour.

There seem to be no other details on the victims of the scam or whether the hackers were caught or not.

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Trading Bytecoin On Poloniex Requires 2000 Confirmations and 3 Days of Waiting

One of the biggest news outlet media CCN decided to conduct an investigation how much time a person needs to trade Bytecoin on Poloniex, and was abashed by the received results.

The reporter entered the exchange and was willing to use his Bytecoin holdings, thus, he made the deposit complying with all requirements of Poloniex exchange, like using payment ID and paying the transaction fees. After some hours, his assets were converted into pre-fork BCHABC and BCHSV tokens, yet there were still no Bytecoins.

Usually, Bytecoin requires 10 confirmations. The number is high due to unreliable mining network. After 6-10 hours, the reporter began worrying and decided to contact Poloniex support.

He received the following response:


Source:
https://www.ccn.com/

When CCN published this investigation Bytecoin had about 24 blocks in one hour. If 24/hour is a standard rate, then it means a deposit time requires nearly 84 hours – 3 ½ days – to complete all 2000 confirmations.


Source:
https://www.ccn.com/

We remind you

Bytecoin Cryptocurrency: What Rate Should We Expect in 2018?

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Stellar Has Outrun EOS and Became the 5th Top Cryptocurrency

The top-5 cryptocurrencies, according to the rating of the CoinMarketCap, has remained relatively unchanged for quite a while. Although, Ripple tried to compete with Ethereum for the second place, ETH managed to keep its ground.

Now the time has come for a major change. The token EOS has left top-5, giving its place to Stellar.

Some experts believe that such a drastic increase of Stellar could be due to its $125 million worth cooperation with the crypto wallet provider Blockchain.

We remind you:

Stellar: How It Was Created And What Are Its Predictions

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Authorities of the Crimea Are Planning to Launch a Blockchain Cluster

According to the Russian news outlet, there might be a blockchain cluster created in the special economic zone in the Crimea. Such a proposal was put out during the Yalta International Economic Forum that took place in Moscow.

As stated by the representative of Crimea, Georgi Muradov:

Last year we started discussing the blockchain technology and planned the creation of a cluster, a blockchain cluster in the form of a cryptocurrency investment fund.

Such a move towards innovative technologies might be an attempt to avoid sanctions from the West and lure in overseas investments.

We remind you:

Rosfinmonitoring Took Control of Cryptocurrency Turnover in the Russian Federation

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Bitmain Is Suing a Person Who Allegedly Stole 617 BTC from Them

A major Chinese company Bitmain, specializing in producing mining equipment, has filed a lawsuit to the court, claiming that an unknown hacker has broken into their account on the crypto exchange Binance and got hold of over 600 Bitcoins. Thus, Bitmain suffered the loss of over 5 million dollars.

Although the criminal has not yet been identified, it is known that he or she did not transfer the digital assets to a separate account or wallet. Instead, the hacker used the money to boost the rate of a little-known cryptocurrency MANA, which can be seen on the CoinMarketCap price chart.

Currently, the representative of Bitmain are negotiating with Binance on the issue of revealing the identity of a possible hacker.

We remind you:

AT&T and T-Mobile Are Sued by the People Affected by the Sim Swapping Hacking Attacks

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