Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Business
Current Trends In Blockchain Implementations On The Paradigm Of Public Key Infrastructure: A Survey, Daniel Maldonado-Ruiz, Jenny Torres, Nour El Madhoun, Mohamad Badra
Current Trends In Blockchain Implementations On The Paradigm Of Public Key Infrastructure: A Survey, Daniel Maldonado-Ruiz, Jenny Torres, Nour El Madhoun, Mohamad Badra
All Works
Since the emergence of the Bitcoin cryptocurrency, the blockchain technology has become the new Internet tool with which researchers claim to be able to solve any existing online problem. From immutable log ledger applications to authorisation systems applications, the current technological consensus implies that most of Internet problems could be effectively solved by deploying some form of blockchain environment. Regardless this ‘consensus’, there are decentralised Internet-based applications on which blockchain technology can actually solve several problems and improve the functionality of these applications. The development of these new blockchain-based solutions is grouped into a new paradigm called Blockchain 3.0 and …
Dynamic Spillovers Between The Term Structure Of Interest Rates, Bitcoin, And Safe-Haven Currencies, David Y. Aharon, Zaghum Umar, Xuan Vinh Vo
Dynamic Spillovers Between The Term Structure Of Interest Rates, Bitcoin, And Safe-Haven Currencies, David Y. Aharon, Zaghum Umar, Xuan Vinh Vo
All Works
This study examines the connectedness between the US yield curve components (i.e., level, slope, and curvature), exchange rates, and the historical volatility of the exchange rates of the main safe-haven fiat currencies (Canada, Switzerland, EURO, Japan, and the UK) and the leading cryptocurrency, the Bitcoin. Results of the static analysis show that the level and slope of the yield curve are net transmitters of shocks to both the exchange rate and its volatility. The exchange rate of the Euro and the volatility of the Euro and the Canadian dollar exchange rate are net transmitters of shocks. Meanwhile, the curvature of …
The Legal Cause Of “Holding Value” And Its Impact On Islamic Provisions Regarding Virtual Currencies, Man Baker, Muhammed Semai
The Legal Cause Of “Holding Value” And Its Impact On Islamic Provisions Regarding Virtual Currencies, Man Baker, Muhammed Semai
All Works
© 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article discusses the Islamic juristic position of virtual currencies. In the classical period, jurists differed on the reason behind Islam’s prohibition of usury when dealing with precious metals and their derivatives, with the majority arguing that this is because they are considered to hold value (thamaniyya). The cause (illa) of “holding value” can therefore be applied through analogy (qiyās) to all things understood by the laity to hold value in any era. In the contemporary period, this cause can also be applied to virtual currencies such as Bitcoin if they …