Should you trust a robot to manage your money? This question persists in everyone’s mind, and you have come to the right place for answers. In financial technology, the emergence of robo-advisors has sparked a new debate on whether people should trust a robot to manage their hard-earned money. Nowadays, there’s no lack of automated […]
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In the swiftly evolving landscape of the financial world, crowdfunding stands tall as a transformative force. As the name suggests, crowdfunding is a method of raising funds for a project or venture by appealing to a large number of people, typically via the Internet. Emerging as an innovative solution for entrepreneurs, artists, non-profits, and businesses
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Cryptocurrencies are digital assets secured by cryptographic proof stored on a blockchain. They can potentially provide a more decentralized, flexible alternative to traditional currency. More than 19,000 different cryptocurrencies are available on the market as of June 2022. Interest in cryptocurrency has snowballed in recent years, mainly since it is more accessible to retail investors
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The crypto crash has been a popular topic to discuss recently. 2021 was an all-time high for crypto, which now seems like a distant memory. The popularity of cryptocurrency and blockchain technology has grown in recent years, and as a result, the market for these products has expanded. However, this expansion has been associated with
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What is Terra Luna? Today we will find an answer to the question “What is Terra Luna?” Luna is the native coin of Terra. The Korean company Terraform Labs created the LUNA blockchain. Through the private sale of LUNA coins, they raised $32 million to support this development. Investments were made from centralized sources like
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If you are familiar with cryptocurrency, you have already heard of cryptocurrency burning. It is a method of cutting coin supply, which became popular in 2017. In the following article, you can learn more about cryptocurrency burning. Get Musaffa Premium Now What is Cryptocurrency Burning The action of cryptocurrency burning happens when the coin is
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The popularity of cryptocurrency has captured the attention of people who want instant money; scammers have seen this as an opportunity. According to the 2021 Better Business Bureau Scam Tracker Risk Report, the crypto scam was the second riskiest in 2021. More than 66% of the victims of crypto scams also reported losing money. Furthermore,
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Have you ever thought about the environmental impacts of Bitcoin? Cryptocurrency has become one of the most famous phenomena of the 21st century. In April 2011, the price of Bitcoin was $1. As of the April of last year (2021), it reached an all-time high of almost $65,000, and as of March 2022, each one
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You may have heard of cryptocurrency, but did you know the types of cryptocurrency that are available around you? Cryptocurrency has been an interesting topic, and if we dig it deeper, we could get confused about its technicalities. We have discussed the Shariah standpoint of cryptocurrency in the previous post. In this post, we will
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“What is Shariah ruling on NFT ownership?” – a question that we get more than often. In order to provide the most comprehensive and accurate answer, we have asked our Shariah advisor to provide an answer for us. In the following, Shariah advisor Dr. Amjad Bangash provides the Shariah ruling on NFT ownership. Get Musaffa
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