In today’s Bitcoin in Brief, we’ve got details of a new interoperability alliance to create proxy tokens such as bitcoin that can be represented on a single blockchain. There’s also news of UAE’s first Shariah-compliant exchange, more simjacking shenanigans, and Zencash has a makeover. We’ve got a lot to chew over, so let’s tuck in.
Also read: Hiding Bitcoin Cash in Pictures With the New Pixel Wallet App
Simjacking for Sports Cars
Zencash is Now Horizen
After enlisting the services of a branding company and performing extensive community consultation, Zencash has pulled a Raiblocks/Nano and claimed a new name. As of August 22, the cryptocurrency is known as Horizen. The project’s co-founder Robert Viglione said: “The Zencash project has greatly evolved since its inception more than a year ago, and it’s now time to expand our brand to more accurately reflect our mission to promote the fundamental human right of privacy worldwide.”
“What initially launched as a privacy-focused cryptocurrency has transformed into a much broader and deeply capable platform that will host a variety of privacy-focused applications, including secure messaging and publishing.” One bonus of the rebrand is that the cryptocurrency will get to retain its ZEN ticker.
UAE Launches First Sharia Compliant Exchange
Earlier this year, a research paper claimed bitcoin to be compliant with Shariah law. That theory has now been put into practice with the establishment of the UAE’s first Shariah-compliant exchange. The platform, which is being created by Adab Solutions, will service Muslims in the Emirate states who wish to purchase cryptocurrency whilst adhering to Islamic teachings on finance. Just to ensure it’s compliant with all things Shariah, the exchange plans to set up an in-house Shariah Advisory Board.
Crypto Matchup Enables Social Trading
Proxy Bitcoin, Anyone?
Uphold, Cred, Blockchain at Berkeley, and Brave have teamed up to create a coalition that will oversee the Universal Protocol Platform. It will enable proxy tokens of all kinds to be created and managed, overcoming the interoperability problem that obliges coins such as ethereum and bitcoin to exist on separate chains. Proxy tokens will serve as a representation of the underlying asset.
What stories from today’s roundup caught your attention? Let us know in the comments section below.
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Source: Bitcoin.com