Egypt's Top Cleric Declares Bitcoin Trading 'Unlawful'
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Grand Mufti Shawki Allam cited Bitcoin’s potential use in money laundering and supposed use in financing terrorism when issuing his ruling. Egypt’s highest official of religious law, Grand Mufti Shawki Allam, called Bitcoin trading “unlawful” under Sharia law, online publication Ahram reported today. In the fatwa issued Monday, Allam wrote that …
Bitcoin is Akin to Gambling, Causing Egypt to Ban It
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Despite the many successes they have experienced this past year, cryptocurrencies, Bitcoin especially, have seen their fair share of controversy. We’ve seen hacks that have lost people a lot of money, stock prices becoming inflated thanks to blockchain investments, fake digital currencies, and who could forget the huge plunge the …
Move Over Bitcoin, It’s Ripple’s Time to Shine
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Ripple does it again, making waves in the headlines of crypto-enthusiasts everywhere. Not only has it now reached a market cap of over $120 billion, but for the first time ever it has surpassed the $3 mark. Currently, Ripple has a market cap of $122.7 billion and is going for …
How many Bitcoin Billionaires Are There?
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Just how many Bitcoin billionaires are there in the world? Nobody knows for sure, but recent speculations have the number pinpointed to somewhere between 35 and 200 – a far cry from the two everyone thought back in December. The Winklevoss twins were the first publicly verified Bitcoin billionaires, holding …