Islamic scholars have long had major issues with whether cryptocurrency is permissible, and is it equal or more appropriate to Islamic finance than Fiat? All Monotheism religions have strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, metals, tradable products, etc. Some may argue that government-issued fiat currencies do not have any intrinsic value and may be incompatible with a careful interpretation …
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In economics jargon, a fungible token is an asset that can be exchanged on a one-for-one basis. Think of dollars or bitcoins — each one has the exact same value and can be traded freely. By contrast, a non-fungible object like an old house or a classic car, has its own distinct value. Cross this notion with cryptocurrency technology known as the blockchain and you get NFTs. These are effectively …
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Despite bars and restaurants closing during the pandemic, alcohol consumption grew by 14% from 2019 to 2020. In 2020, almost half of Americans got their alcohol online, up by 243%. Both in good times and bad, people turn to alcohol to calm anxiety, boost their sense of wellbeing, and celebrate. From graduations to engagements to anniversaries, people have been drinking cocktails. There’s a new trend in the marketplace, just in …
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