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Mosque accepts Bitcoin for Ramadan Donations

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This Ramadan will be a special one for Muslims who own Bitcoins as a Mosque in the UK is now the first to accept cryptocurrency donations. Cryptocurrencies are acceptable in the sight of Allah Religious advisers at the Masjid Ramadan in Dalston, east London declared. They also said that  the currency is halal (permissible) if it is “transacted in a lawful manner”. Zayd al Khair, a religious adviser at the mosque, explains why cryptocurrencies are acceptable saying,

“Guidance is about the value which it represents.  If money is transacted in a lawful manner then it is halal.
“We do not always know the source of cash donations, but we take these in good faith too.”

The Muslim world have been having debates about cryptocurrencies with top personalities such as the Mufti of Egypt saying it was forbidden or even haram,  because it could easily be used by some for illegal activity since it has an anonymous in nature.

However, Muslims can use cryptocurrencies for their zakat, their Ramadan donation, the mosque has declared. During Ramadan, Muslims are to give away 2.5 percent of their wealth to charity, the zakat is an annual donation which all Muslims but the poorest should perform. The donations are used to help out struggling families,  pay for funeral cost, provide shelter, feed the poor and carry out repairs in the mosque

Two cryptocurrencies will be accepted as donations, Bitcoin and Ethereum by the Shacklewell Lane Mosque, will accept donations in two different cryptocurrencies, Bitcoin and Ethereum.




 

 

 

What do you think about Mosques accepting cryptocurrencies? Share your opinion with us in the comment section below.
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The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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Bitmama Does its First Live Trade

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Bitmama is bringing New Year presents to your doorsteps. Ruth Iselema, the Founder of Bitmama announced that the exchange conducted its first live sale on the 22nd of December and is currently open to customers. The exchange will be offering its customers and traders the ability to buy and sell Bitcoins first, and then Ethereum and other digital currencies in Africa.

Bitmama is an exchange that will enable users to create their own wallets and purchase cryptocurrencies simply by connecting their wallets with their Bank Accounts, Credit or Debit cards, and mobile money accounts. All they have to do is input their bank verification number (BVN) to synchronize their account with the platform and the rest is history.

Verification and Security

To ensure users security, customers can enable their two-factor authentication using third-party apps like Authy or Google Authenticator to ensure data is safe. When you sign up, you provide an email address, your name and country of residence. Before you can buy cryptocurrency, the exchange has to verify your account. The verification form requires a full name, password and a phone number. Also, Bitmama assures customers that their credit and debit card information is not stored on the exchange server.

After verification, you can buy and sell cryptocurrencies worth up to 100,000 Naira using Paystack. For customers with a higher limit, Bitmama will be accepting direct deposits that will allow its users to purchase cryptos worth up to a max of 5 million Naira at once. This means that the exchange will carter for both small investors and big-time investors.

Bitmama Customer Support

The primary channel to reach Bitmama support is through email and its chatbot found on every page of the website (https://www.bitmama.io). A team of customer representatives is available to deliver a fast response to queries consistently by the minute, we believe 30 mins is a long time to attend to your needs. Also, Bitmama has its head office in Lagos, Nigeria and its team are working to ensure that Africa finds a lasting solution to its remittance, inflation, poverty, and lack of financial inclusion problems through Blockchain and Bitcoin.

You can follow Bitmama via Twitter, Facebook, Instagram and LinkedIn

 

 

 

 

 

 

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“What is Bitcoin?” Claims one of the top Spot in Google’s 2018 Search Trends

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The last quarter of 2018 has left investors wondering about the state of Bitcoin. While the question of the cause behind the rise and fall of Bitcoin seemed to mesmerize some, others were asking a fundamental question. According to Google trends, one of the most searched definition in the U.S. and U.K. in 2018 is the question: ‘What is Bitcoin?’

In 2017, Bitcoin was one of the most popular search terms in the world. In 2018, however, according to Google’s annual in Search query statistics for this year, people are still curious about bitcoin. While this year marked Bitcoin’s 10th year anniversary, the digital currency has lost almost 80 per cent of the gains it made last year. Although the price remained high in January 2018, it suffered a gradual decline as the year went on. Right now, One bitcoin is worth around $3,400. However despite the losses Bitcoin still tops the Google search charts.

Asides Google, Apple also released its 2018 top app store applications and Cash App, a Bitcoin-based App was ranked as the 17th most popular free iPhone application. Many cryptocurrency applications are holding the top and trending position on the Google Play store.   

So, even though cryptocurrency markets have suffered some considerable loss of value, Bitcoin still retains the spot for one of the most popular searches on Google in 2018. However, Bitcoin is not the only cryptocurrency gaining the attention of Google users as ‘How to buy Ripple’ was the fourth most-asked how to question the  Google Trend data showed. Ripple (XRP) is another form of cryptocurrency that seems to be gaining popularity. From the look of things cryptocurrency still holds the attention of the people.

 






What do you think about the question “What is Bitcoin?” being one of the most searched terms on Google’s 2018 Search trends? Share your opinion with us in the comment section below.
Image credit: Pixabay
Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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Report: EOS Loses 400,000 EOS Due to Security Glitches

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The crypto market has been bearish for some time now and a lot of tokens have had their fair share of dips. Likewise, EOS has also experienced quite a dip. However, it may seem that EOS is not suffering losses from the bearish market alone but has also experienced significant losses due to some security glitches. These issues have led to the loss of 400,000 EOS which is about $200,000, at the time of writing.

However, a report from Peckshield revealed that EOS ecosystem has been suffering from some security glitches. There were many loopholes at the early stages of the dApp ecosystem right from its launch in June as it took awhile for the system to go live. EOS, however, made a fast growth in the blockchain market attracting billions of dollars worth of investment as well as building over 200 dApps and carrying out as much as 600 million transactions.

Despite the numbers that EOS was cashing in, it had underlying problems. For one, its security issues can be traced back as far as July when a dApp, Werewolf game fell victim to an overflow attack.  EOS also had a very large number of gaming apps launched on its platform. The platform is popularly known ‘ETHEREUM KILLER’ recorded $1 million in august ABOUT $360,00 more than the drops of Ethereum. However, more attacks s

One of the gaming dApps on  EOS, EOSBet was faced with a RAM devour problem in August. The report, however, reveals that as time goes on, more attacks are likely to occur “due to the negligence of dApp developers.” The report also reveals that most of the glitches the EOS ecosystem suffered from after November were loopholes that weren’t addressed earlier in the ecosystem.

Also, the report unveiled that while the EOS blockchain ecosystem boasts of 200 dApps and more than 500,000 users, only 180,000 are active out of 500,000 accounts. The report states that while 120,000 are group control accounts active users on the platform are less than implied as there are more than 200,000 silent accounts.

However some researchers such as Guo Yonggang believe the attacks may be from external forces not related to the blockchain itself, he suggests cyberattack groups. However, the report noted that “The better way is for developers to build their own early warning platform. The benefit is that it can be implemented. Monitoring, as soon as the alarm sounds, immediately turn the game off.”



 

What do you think about the security glitches in the EOS ecosystem? Share your opinion with us in the comment section below.
Image credit: Pixabay

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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Survey: 40% Freelancers Receive Payments via Cryptocurrency.

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Freelancing has become so popular now as people can easily ditch the routine 9-5 hour schedule of the traditional workplace. However, a recent survey conducted by Humans.net has revealed that cryptocurrency is becoming appealing to freelancers. The survey was carried out on 1100 freelancers and revealed that cryptocurrency eliminates the need for a middleman for payments especially for those with international clients.

According to the survey, about 38% of the population surveyed admitted to having used cryptocurrency at a time. On the other hand, 41% had never made use of cryptocurrency while 24% had no idea what cryptocurrency was as they had never heard of it. For most freelancers, the appeal of cryptocurrency is the fact that it aids in faster payment with low cost for international transactions.

The Humans.net survey also found that 29% of freelancers preferred to get crypto payments to being paid through the traditional banking system. 18% of those surveyed revealed that they would prefer to receive their entire income through crypto payments, while 11% said that they would prefer to receive a part of their income in cryptocurrency.

Freelancers find cryptocurrency to be of an advantage to them, it enables them to transact with clients who they may not know or trust. The survey revealed that 13% found it to be an advantage for international payment, 12% considered it a bonus for eliminating middlemen, 8% liked its low commission status. Also, 9% of those surveyed found it advantageous in its transparency, while 11% chose all the qualities mentioned and 4% did not choose any of the qualities.

However, Founder and CEO of Humans.net, Vlad Dobrynin has revealed that they will be integrating the blockchain technology to their freelancing platform. He explained that the technology will help people get faster search result regardless of their geographical location as well as protect users data.


 

 

 

What do you think about freelancers receiving cryptocurrency as payment for their services? Share your opinion with us in the comment section below.

 

Image credit: Pixabay

 

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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