Author: Yeek.io

The Islamic conceptualisation of finance is built around a set of core principles which give primacy to honesty, fairness and accountability in trade and transactions. As such, Islamic finance seeks uphold justice, transparency, and shared prosperity in economic systems. Arguably, fiat currency achieves the exact opposite of these principles, since it introduces uncertainty, speculation and inequities that punish the poor, who earn and spend fiat, and favours the rich who invest in assets that benefit from inflation. In this backdrop, Bitcoin emerges as a solution that aligns remarkably well with Islamic finance principles. This article explores why Bitcoin, with its…

The Privacy & Scaling Explorations team is excited to announce the winners of the Layer 2 Community Grants 2022. The Layer 2 Community Grants round started on October 24th, 2022 and was open for 6 weeks. In total we received 130+ proposals and thank each project for taking the time to apply. The wishlist compiled sought applications from all areas including Layer 2 explorers, cryptography, and education. This chart shows percentage of initial applicants by category: Due to the high quality of proposals, we raised the budget from an initial 750k USD to a total of 948k USD. The awarded…

Is Ethereum becoming less competitive? Find out who will be the next big winner! Ethereum’s growth potential was recently questioned as it encountered an obstacle near the $4,000 mark. In the middle of this change, Aureal One stands out as a powerful competitor, ready to completely alter the cryptocurrency market. Aureal One is causing concern in the industry with its innovative blockchain technology, eco-friendly strategy, and connection with the growing gaming and metaverse sectors. During the presale stage, its native token, DLUME, provides a profitable entry point and a special chance for early investors to profit from its growth potential.…

HBAR was one of the best-performing cryptocurrencies on Monday, Dec. 2, amid significant whale accumulation and community hype surrounding the HBAR ecosystem. Hedera (HBAR) rose 47% over the past day, exchanging hands at a seven-month high of $0.253 before shedding some of its gains and settling at $0.250 at press time. The altcoin’s recent rally extended its monthly gains to over 450% while its market cap stood at $9.65 billion. Rumours are driving the HBAR rally HBAR’s rally has been driven by its growing involvement in blockchain-powered federal payment systems. Hedera’s integration with the Federal Reserve’s FedNow payment network, facilitated…

Dear Questseeker, Four weeks ago we launched Proof of Discovery, a month-long digital conference intended to bring you the best and brightest ideas from all corners of web3. The goal was for our community to meaningfully engage with some of the apps and protocols that they interact with on Layer3 every single day (and some of you, quite literally every single day!). Want to mint this NFT? Scroll down for instructions, or click here. Why this goal? Because the promise of web3 is the underlying idea that community members like you are more than just another user. What does this…

An on-chain analyst says deep-pocketed investors are loading up massive amounts of Cardano (ADA) and a top memecoin as the market went sideways for the past week. Analyst Ali Martinez tells his 98,800 followers on the social media platform X that crypto whales accumulated $85.6 million worth of ADA in a couple of days. “Cardano whales bought over 80 million ADA in 48 hours!” Source: Ali Martinez/X At time of writing, ADA is trading for $1.07. Martinez also says deep-pocketed investors snapped up $64 million worth of the large-cap memecoin Dogecoin (DOGE). “Whales bought another 160 million Dogecoin DOGE in…

Solana price has retreated by 16.8% from the year-to-date high as the recent crypto momentum faded.  Solana (SOL) was trading at $220 on Sunday, bringing its market cap to $105 billion, and making it the fifth-biggest cryptocurrency. SOL has numerous catalysts that could propel the price higher in the longer term. It has become the biggest competitor to Ethereum (ETH), the biggest blockchain in the world.  According to DeFi Llama, its total value locked has jumped by 18% in the last 30 days, bringing its total assets to over $9.12 billion. It has about $30 billion worth of stablecoins in…

Este artículo también está disponible en español. Aave (AAVE), the leading decentralized finance (DeFi) lending protocol, has captured the spotlight with an extraordinary surge of over 200% since November 5. Outperforming the broader market, AAVE has reached its highest levels since 2021, marking a remarkable recovery and reaffirming its dominance in the DeFi ecosystem. Related Reading Key metrics from IntoTheBlock underscore AAVE’s unmatched position in the lending sector. With an impressive 45% market share, it remains the top choice for users seeking decentralized borrowing and lending solutions. With AAVE trading at multi-year highs and on-chain data suggesting robust activity, the…

IntoTheBlock has explained how Ethereum could challenge its all-time high (ATH) based on the current on-chain cost basis distribution. Ethereum Has Little Resistance On The Path To New ATH In a new post on X, the market intelligence platform IntoTheBlock has talked about what the on-chain cost basis distribution is like for Ethereum right now. Below is the chart shared by the analytics firm that breaks down the amount of coins that the investors bought in each price range near the current one. Looks like the levels ahead are relatively thin in terms of investor cost basis | Source: IntoTheBlock…

A lot of attention is focused on OpenSea, one of the largest NFT marketplaces in the world, now that it has registered in the Cayman Islands. Many users and industry folks think the move to the Cayman Islands—a jurisdiction known for being crypto-friendly—means a token is coming. In fact, some are already whispering about a token airdrop and hoping early supporters will get rewarded. It’s no secret this will increase trading volume on the platform and bring interest back to the NFT space. OpenSea’s Strategic Move By choosing the Cayman Islands, OpenSea is entering a space that allows token issuance…