Blockchain
Reltime & MRHB Network bring Sharia compliant Web3 Services to faith sensitive customers
MRHB, hailed as the ‘Best New Islamic Crypto Platform’, has forged a strategic alliance with Reltime to integrate its shariah compliant products into the Reltime Ecosystem. This partnership aims to deliver sharia compliant digital assets and services for faith sensitive customers globally.
Sharia finance refers to how businesses and individuals raise capital in accordance with Sharia – the Islamic law. It refers to the types of investments that are permissible, ensuring socially responsible investments. Islamic finance is banking, lending, and saving practices that comply with Islamic law. Shariah/ Halal compliance focuses on an ethical framework of financial instruments and restricts potential harm from the conventional systems currently established. For example, it views lending as a relationship where interests cannot be earned. Sharia law also forbids investors to invest in companies that engage in unethical activities. The Islamic finance industry reached almost USD 4 trillion in 2021, with a growth rate of 17%, up from 14% in 2020.
CEO of Reltime, Marlene Julo, expressed her enthusiasm, “This collaboration marks a pivotal moment in our journey where we can target many key markets (MENA, South- East Asia) more deeply, taking into account religious and social sensitivities of the end users. Together with MRHB Network, we are not just envisioning but actively sculpting the future of the Shariah compliant Web3 services. It’s an exhilarating time for both teams, and the possibilities are boundless.”
Echoing these sentiments, CEO of MRHB Naquib Mohammed added, “Reltime has built right suite of digital and financial services in its Layer-1 blockchain platform. We see immense value in integrating and offering our Sharia compliant service modules and business logic through Reltime to our institutional partners”.
Blockchain
The World Market for RegTech 2025-2030: Growth Trends, Industry Chain Analysis, Regional Insights, SWOT Analysis and Market Shares of Leading Players – Thomson Reuters, Deloitte, PwC, Accenture, IBM & More
The blockchain world continues to captivate with its blend of innovation, controversy, and global collaboration. In today’s briefing, we spotlight the latest developments, from token launches to regulatory crackdowns and academic partnerships.
KuCoin Introduces Trump Token on Spot Trading Platform
KuCoin has launched the official Trump Token on its spot trading platform, adding a new layer of political intrigue to the cryptocurrency market. Designed to capitalize on the former U.S. President’s enduring influence, the token represents the intersection of digital assets and cultural zeitgeist. While the move has garnered attention, it also raises questions about the broader implications of politically themed tokens in the blockchain space.
Source: PRNewswire
Trump Immortalized on Bitcoin Blockchain
Donald Trump’s image has been etched into Bitcoin’s blockchain, ensuring his face remains a permanent part of the decentralized ledger. This act highlights the creative and often polarizing ways blockchain technology can be utilized for artistic and symbolic purposes. The incident has sparked debate about the ethical and practical considerations of embedding non-financial data in immutable systems.
Source: Decrypt
Ripple Partners with Ireland’s Trinity College
Ripple has joined forces with Trinity College in Ireland to address pressing blockchain challenges. This partnership aims to advance research and develop innovative solutions to improve blockchain technology’s scalability, efficiency, and security. Such collaborations between academia and industry are vital for fostering the next generation of blockchain breakthroughs.
Source: Crypto.News
SEC Takes Action Against Engineer in GME Rug Pull Case
The U.S. Securities and Exchange Commission (SEC) has charged a New York engineer for orchestrating a rug pull involving a cryptocurrency named GME. The incident underscores the ongoing regulatory scrutiny facing the blockchain industry and highlights the need for robust consumer protection mechanisms to prevent fraudulent activities.
Source: Cryptopolitan
The Gambia’s Blockchain-Powered Digital Infrastructure Plan
The Gambia is embarking on an ambitious project to develop blockchain-powered digital infrastructure. This initiative aims to enhance governance, improve transparency, and boost economic growth. By leveraging blockchain technology, The Gambia seeks to position itself as a trailblazer in utilizing decentralized solutions for national development.
Source: Coingeek
Reflections and Projections
The blockchain ecosystem’s diversity is evident in today’s stories. KuCoin’s launch of the Trump Token and the embedding of Donald Trump’s image on the Bitcoin blockchain illustrate the interplay of culture and technology. Meanwhile, Ripple’s academic partnership with Trinity College highlights the sector’s commitment to solving foundational challenges.
The SEC’s enforcement actions remind us of the importance of regulatory oversight in ensuring the industry’s integrity. Lastly, The Gambia’s forward-thinking adoption of blockchain for national infrastructure development serves as an inspiring example of blockchain’s potential to drive meaningful change.
As the industry evolves, the balance between innovation, regulation, and ethical considerations will remain critical.
The post Blocks & Headlines: Today in Blockchain (KuCoin, Ripple, Trinity College) appeared first on News, Events, Advertising Options.
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