Blockchain systems are the best way to ensure compliance with Sharia Law — the legal code in the Islamic religion that includes strict provisions for finance — due to their high transparency, traceability, and community governance structures, Web3 executive Mohemed AlKaff AlHashmi told Cointelegraph in an interview. AlHashmi, the co-founder of Haqq Network — a…
Kenya is preparing legislation to regulate cryptocurrencies, marking a shift from the cautious warnings previously issued by the Central Bank of Kenya (CBK). On Jan. 10, Treasury Cabinet Secretary John Mbadi reportedly said the government is “committed to creating the necessary legal and regulatory framework” for cryptocurrencies. The announcement comes as Kenya drafts a new proposal titled “National Policy…
Arbitrum, Ethereum’s largest layer-2 scaling solution, is seeking to improve its ecosystem with a new dispute resolution system called the Bounded Optimistic Liveness Dispute (BoLD) protocol. The system aims to make the network resistant to delays in transaction processing. The proposal, which was published on Jan. 6, is now open for a final vote through the Arbitrum…
Establishing a strategic Bitcoin reserve in the United States would accelerate Bitcoin’s adoption even more than 2024’s exchange-traded fund (ETF) launches, cryptocurrency researcher CoinShares said in a Jan. 10 blog post. In 2024, US lawmakers proposed the Bitcoin Act, which would direct the US Treasury Department to create a “strategic Bitcoin reserve” by purchasing 1…
Swiping your phone to pay for a latte with Bitcoin might make you feel like a futuristic barista whisperer, but try closing on a luxury condo with that same wallet, and you’ll immediately see the cracks. While crypto’s buying you plenty of cappuccinos, snagging a six-bedroom villa or a brand-new sports car isn’t exactly a…
BNB Chain supports a diverse range of Web3 projects of all stages with its three-phased strategy for development. A thriving blockchain ecosystem is built on more than just a robust technological infrastructure; it requires a vision for sustainability and value. Blockchain space is filled with short-lived projects that survive only through the hype and go…
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