Author: rb809rb

  • Could Quantum Threats Bring Bitcoin Down to Zero? Bullish Michael Saylor Finally Gives a Clear Answer

    Could Quantum Threats Bring Bitcoin Down to Zero? Bullish Michael Saylor Finally Gives a Clear Answer

    Michael Saylor, one of the most influential figures in the Bitcoin world, made striking statements about the potential impact of quantum computing on Bitcoin in his latest appearance on a television program.

    Responding to concerns that quantum computers could break current encryption systems and leave the Bitcoin network vulnerable, Saylor urged investors to remain calm.

    Saylor stated that there is a general consensus within the cybersecurity community that it will be at least 10 years before quantum computers pose a serious threat. Arguing that there is no concrete danger at the moment, the renowned businessman said, “Bitcoin has undergone nearly 30 software updates in its 17-year history. When a threat emerges, the network, nodes, wallets, and exchanges will all transition to ‘post-quantum resistant’ cryptography.”

    Saylor, noting that the quantum threat will affect not only Bitcoin but also the global banking system, the internet, the defense industry, and giant technology companies, stated the following:

    “If a quantum threat becomes real, Google, Microsoft, Apple, BlackRock, and even the US and Chinese governments will have to solve the same problem. The Bitcoin community is the most sophisticated cybersecurity-aware community in the world. While the legacy systems used by banks are far weaker, Bitcoin will be at the forefront of this process.”

    Saylor likened quantum fear to the “Y2K” crisis that occurred at the start of the year 2000. He recalled that during that time, there was widespread panic about all computer systems collapsing and the world ending, but ultimately nothing happened. Saylor argued that such narratives are often fueled by “ambitious opportunists” to attract attention, gain power, or sell new products.

    Saylor noted that Bitcoin has faced dozens of different fear scenarios (FUD) in the past, such as “bandwidth insufficiency,” “China banning mining,” or “environmental impacts,” but each proved unfounded. He characterized quantum fear as “the last refuge of those who want to stay relevant.” He gave Bitcoin followers this message: “If you spend your entire fortune on insurance policies (or bad investments) for a risk with a 1% probability, you’ll be bankrupt before that risk even happens. When quantum arrives, we’ll update our software like an iPhone update and move on.”

    *This is not investment advice.

  • ‘Trial of Hein’ Is an Enigmatic Debut Film About a Homecoming to a Tight-Knit Island Community (Exclusive Trailer)

    ‘Trial of Hein’ Is an Enigmatic Debut Film About a Homecoming to a Tight-Knit Island Community (Exclusive Trailer)

    German writer-director Kai Stänicke (short films Gay Goth SceneCircle, and Pace) attracted much attention and rave reviews after world premiering his feature film debut Trial of Hein (Der Heimatlose) in the Perspectives section of the 76th edition of the Berlin Film Festival.

    The movie, which won the Teddy Award jury honor and was widely seen as an example of how the Perspectives can succeed in its mission of showcasing up-and-coming voices, tells the story of a return that raises all sorts of questions.

    After 14 years on the mainland, Hein returns to the place he is from, the only village on a remote island in the North Sea. However, the close-knit community no longer recognizes him. Even his closest childhood friend, Friedemann, distances himself from the visitor. Eventually, the island community convenes a village court to determine whether Hein is who he claims to be or an impostor.

    The court hearings bring to light how different Hein’s recollections of his youth are from the memories of various witnesses. As such, Trial of Hein is a parable on memory, identity and the tension between the sense of belonging and the sense of restrictions that living in a community brings with it.

    Paul Boche stars as Hein, with the ensemble cast also including Philip Günsch, Philip Froissant, Emilia Schüle, Jeanette Hain, Sebastian Blomberg, and Stephanie Amarell. Written and directed by Stänicke, Trial of Hein was produced by Tamtam Film, and co-produced by Lupa Film. The cinematographer is Florian Mag, the editor Susanne Ocklitz. Heretic is handling world sales.

    THR can now exclusively reveal the official trailer for Trial of Hein. Get ready for the sights and sounds of the sea, the enigmatic atmosphere, as well as questions, accusations, and despair. Oh yeah, and things get really fishy.

    So check out the trailer to dive into the world of Trial of Hein.

  • Bill and Hillary Clinton set for Epstein deposition: What to know

    Bill and Hillary Clinton set for Epstein deposition: What to know

    Former President Bill Clinton and former Secretary of State Hillary Clinton are set to appear before the House Oversight Committee as part of its investigation into the network of influence and crime run by the late sex offender Jeffrey Epstein.

    Both depositions are planned to take place in Chappaqua, New York, where the Clintons reside.

    Here is what to know.

    What is a Congressional deposition, and how does it work?

    It’s a sworn, out-of-court testimony given as part of a congressional investigation.

    The witnesses – in this case, the Clintons – will testify under oath, behind closed doors, and respond to questions from committee lawyers and investigators.

    The session will be recorded and transcribed, and knowingly providing false statements can result in legal consequences.

    In the Clintons’ case, they initially resisted testifying, arguing that the inquiry was politically motivated.

    They ultimately agreed to appear after the House signalled it was prepared to move towards a bipartisan vote to hold them in contempt, a step that could have led to criminal charges.

    “No one is accusing the Clintons of any wrongdoing,” James Comer, chairman of the House Oversight Committee, said. “We just have a lot of questions.”

    When are the depositions taking place, and how did we end up here?

    The depositions will take place near the Clintons’ house in Chappaqua, rather than on Capitol Hill.

    Hillary is scheduled to testify on Thursday, February 26, followed by Bill Clinton on Friday, February 27.

    Both depositions will be held behind closed doors, transcribed and filmed.

    Congressional depositions are typically scheduled during normal business hours – often starting between 9-10am local time (14:00-15:00 GMT) – but the committee has not publicly confirmed times. Earlier, they had been ordered to appear at 10am (15:00 GMT) for previous iterations of the subpoena.

    The agreement to testify follows months of tense exchanges between the Clintons and Representative James Comer, the Republican chair of the House Oversight Committee.

    Former President Bill Clinton’s deposition was first requested for October 2025 and later rescheduled for December. He declined to appear, citing a funeral. A follow-up subpoena set a new date of January 13, 2026, but he did not attend.

    Former Secretary of State Hillary Clinton’s deposition was initially scheduled for October 9, 2025, and later moved to December 18. A subsequent subpoena set January 14, 2026, as the new date, and she also did not appear.

    The Clintons have argued that the subpoenas were legally invalid and accused Comer of targeting them as part of what they described as a broader campaign of political retribution aligned with former President Donald Trump.

    But earlier this month, the Clintons not only agreed to the depositions but argued that they should be held publicly. This, they argued, would both demonstrate to viewers across the United States that they had nothing to hide, and minimise the politicisation of their testimonies by House Republicans.

    The depositions come nearly three decades after then-President Bill Clinton sat for a six-hour videotaped deposition in the Paula Jones sexual harassment case, where she alleged Clinton made unwanted sexual advances towards her in 1991 when he was governor.

    During that sworn testimony in 1998, Clinton was questioned not only about Jones’s allegations but also about his relationship with White House intern Monica Lewinsky.

    He denied having a sexual relationship with Lewinsky, a statement that later led to accusations of perjury and ultimately to his impeachment by the House of Representatives.

    File photo of former White House intern Monica Lewinsky hugging U.S. President Bill Clinton
    File photo of former White House intern Monica Lewinsky hugging US President Bill Clinton [Reuters]

    What is the House Oversight Committee investigating?

    In this case, the House Oversight Committee is examining matters related to the late convicted sex offender Jeffrey Epstein and his network of associates.

    Epstein was an American financier and convicted sex offender who used his vast wealth and high-profile social connections to orchestrate a decade-long sex trafficking ring involving dozens of underage girls.

    In 2019, federal prosecutors charged Epstein with sex trafficking minors, alleging he had operated a scheme in which underage girls were recruited and abused at his properties. He died in a Manhattan jail cell in August 2019 while awaiting trial; authorities ruled his death a suicide.

    There is no evidence of wrongdoing by either Bill Clinton or Hillary Clinton in connection with Epstein. However, scrutiny intensified after Bill Clinton was mentioned in a major batch of unsealed Epstein-related court documents released in early 2024.

    Public attention was renewed again in late 2025 and early 2026, when additional records were made public under federal transparency measures, prompting new political pressure and helping set the stage for the current congressional inquiry.

    The House Oversight Committee says it’s conducting a multifaceted investigation primarily centred around the activities of Epstein and Ghislaine Maxwell.

    Specifically, the Committee is investigating the following areas:

    • The alleged mismanagement of the federal government’s investigation into Epstein and Ghislaine Maxwell, a British socialite and longtime associate of Epstein, who is currently in jail facing trial.
    • The circumstances and subsequent investigations of Epstein’s death while in federal custody.
    • The operation of sex-trafficking rings, with a focus on discovering ways for the federal government to effectively combat them.
    • The ways in which Epstein and Maxwell sought to curry favour and exercise influence to protect their illegal activities from scrutiny.
    • Potential violations of ethics rules related to current and former elected officials.

    Committee leaders say the information gathered could inform potential legislative reforms, including stricter anti–sex trafficking measures, tougher ethical standards for public officials and changes to how non-prosecution or plea agreements are used in sex-crime cases.

    What was Bill Clinton’s known connection to Jeffrey Epstein?

    Bill Clinton has acknowledged that he knew Epstein in the early 2000s.

    Flight logs and court documents show that Clinton flew on Epstein’s private plane multiple times.

    A CNN analysis found that he appeared on the flight logs at least 16 times between 2002 and 2003.

    The former president has said the trips were tied to work for the Clinton Foundation.

    He said he met Epstein through mutual acquaintances and maintained that their interactions were limited to those trips and related meetings.

    In a 2019 statement following Epstein’s arrest, Clinton said he was unaware of Epstein’s criminal conduct at the time and had not spoken to him for years before his arrest.

    Court documents unsealed in 2024 referenced Clinton but did not allege criminal wrongdoing. Additional records released later included photographs showing Clinton with Epstein and Maxwell, also showing a swimming pool in one of Epstein’s residences.

    Is Hillary Clinton alleged to have had any direct connection to Epstein?

    There is no public evidence that Hillary Clinton had a direct relationship with Epstein or was involved in his activities.

    According to a report by USA Today, her name appears more than 700 times in the Epstein files, with the majority being news articles about her 2016 presidential campaign that were shared with Epstein.

    She has insisted that she never met Epstein.

    She has also been questioned about her connection with Maxwell, primarily in the context of large events like the Clinton Global Initiative.

    Clinton said in an interview with the BBC on February 17 that she met Maxwell “on a few occasions”.

    Maxwell was reported to have also attended Chelsea Clinton’s wedding in 2010.

  • ‘Bridgerton’ Season 4 Part 2 Puts the Lusty Romance Between Benedict and Sophie Back Into Focus: TV Review 

    ‘Bridgerton’ Season 4 Part 2 Puts the Lusty Romance Between Benedict and Sophie Back Into Focus: TV Review 

    The second half of “Bridgerton” Season 4 begins just shortly after Part 1 ended. Still reeling from the heated kiss she shared with Benedict Bridgerton (Luke Thompson) on the back stairwell of the Bridgerton House, Sophie Baek (Yerin Ha) can’t even bask in the moment. Instead, the lady’s maid is feeling deflated about his request that she become his mistress. This is a less-than-enticing offer for 21st-century lovers, but for Regency-era women, it’s especially off-putting. Lady Whistledown (Julie Andrews) and the events of Episode 5, “Yes or No,” illustrate just how unsexy the position of “mistress” was in the time period.  While “Bridgerton” Season 4 Part 1 felt like a knock-off of “Cinderella,” the remaining episodes are much stronger, stepping beyond the fairy-tale trope to address passion, loss and what’s at risk for high-society women who fail to secure a good match in the marriage market.

    Benedict and Sophie remain at the core of the season, but the women orbiting them make Season 4 one of the series’ standouts. In the Season 1 finale, fans learned that Penelope (Nicola Coughlan) was behind the Lady Whistledown gossip pamphlet, and used her writing as an escape from life as an unnoticed wallflower. However, when her true identity was revealed to the public in Season 3, her passion for the work was stripped away. Now that she’s a wife and mother, it’s clear how much she’s evolved and wants to focus on other things. As Hyacinth (Florence Hunt) inches closer to her own debut (though it’s slower coming than she would like), “Bridgerton” highlights how vital it is for women to marry well, and what’s more, for the Bridgerton daughters to find a love match. A recital given on Hyacinth’s behalf at Bridgerton House begins to open the youngest Bridgerton’s eyes to the importance of compatibility and happiness, and not simply finding a husband.

    Conversely, this season also opens the doors to the Stirling House. Francesca (Hannah Dodd) is intent on emulating her mother, Lady Violet Bridgerton (Ruth Gemmell), as the perfect wife to her husband John (Victor Alli). Yet the arrival of John’s cousin and best friend, Michaela Stirling (Masali Baduza), shows Fran that there may not be a single perfect way to live. Moreover, Alice Mondrich (Emma Naomi) tries to find her footing in Queen Charlotte’s (Golda Rosheuvel) orbit, while Lady Danbury (Adjoa Andoh) struggles to balance her close-knit friendship with the queen and her own personal desires.

    The bulk of my criticism of “Bridgerton” Season 4 Part 1 focused on the muted romance between Sophie and Benedict. Thankfully, Part 2 rectifies the issue by bringing forth the yearning, longing and desire between them that were sorely missing, and the couple’s relationship finally gets the lusty zeal fans have been waiting for. A large part of this shift is due to Benedict’s character development. During the first half of the season, he seemed unsure about himself, wearing his duties as the second son like a badge of shame. However, as the season evolves, he comes into his own, boldly stepping up for the woman he loves and even being vulnerable enough to share his fluid sexuality with Sophie. Additionally, fans of Julia Quinn’s novels will be delighted by the season finale, “Dance in the Country,” which includes a tantalizing scene ripped directly from the pages of her book “An Offer From a Gentleman.”

    “Bridgerton” Season 4 Part 2 also captivates by giving the most villainous character depth. Sophie’s stepmother and former employer, Araminta Gun (Katie Leung), aka Lady Penwood, comes back into focus, along with her two daughters, Rosamund Li (Michelle Mao) and Posy Li (Isabella Wei). Though she is still ferocious and cunning, showrunner Jess Brownell highlights this twice-widowed woman’s journey in a world where women are only seen as relevant as the men they are attached to.

    The final chapters of “Bridgerton” Season 4 are beautifully detailed, allowing the characters (from various seasons, hint, hint) we’ve grown to know and love to expand, grow and change drastically — all while setting the series up for the remaining four love stories. It’s baffling that Netflix continues to slice some of its biggest series into two parts, especially since it interrupts the pacing of the romances in “Bridgerton,” especially this season. Yet, when everything comes together in the end, it’s clear Part 2 is well worth the wait.

    All episodes of “Bridgerton” Season 4 are streaming on Netflix.

  • Fremantle Scales Music Game Show ‘Hitster’ With Series Orders From Germany, Netherlands and Canada (EXCLUSIVE) 

    Fremantle Scales Music Game Show ‘Hitster’ With Series Orders From Germany, Netherlands and Canada (EXCLUSIVE) 

    Fremantle’s is scaling “Hitster,” scoring its first format sales on new music TV game show of the same title, based on the party game which has burst onto the scene, proving a top seller in Northern Europe, Spain and Canada.

    The game also ranked in retailer charts over Christmas in the U.S. and U.K.  

    In the first global territory commissions, Amsterdam-based Blue Circle, a Fremantle company, and NewBe will produce eight episodes for RTL4 in the Netherlands. 

    NewBe and historic German production powerhouse UFA, also part of Fremantle, are set to produce six episodes for RTL Deutschland. Meanwhile, in Canada, Attraction and Productions Déferlantes will produce two seasons in collaboration with Quebecor Content.

    After Fremantle Australia and Amsterdam-based NewBe teamed to create the Netflix hit “Heartbreak High” reboot, Fremantle Netherlands and NewBe led the creative development of the “Hitster” TV format together with Jumbo Group.

    Holding international production and distribution rights, beyond announcing its first three territory orders, Fremantle has shared in exclusivity with Variety a brand new image from the set of “Hitster.” 

    Invented by Stockholm-based Markus Carleson, “Hitster” was first played by Carleson at a dinner party in his kitchen on June 24, 2019.  “I had some colleagues over and I figured I needed some sort of dinner entertainment,” Carleson has recalled.

    “This was a very competitive crowd so I figured I needed some sort of competitive element and why not combine that with music. But I needed it to be lightweight and very inclusive so instead of having to guess some facts about the song I decided to go with timeline mechanics,” he added.

    This spirit plays out in the studio-based TV show where two teams, pairing people from different generations, compete hearing hit after hit to place the tracks in a chronological order. The first team with 10 tracks placed correctly on their timeline progresses to a prize money final.

    The format plays off the “addictive simplicity” and “instant playability” of the original game, “rewarding players’ instinct over expertise,” Fremantle said Thursday. “Transforming music trivia and pop culture nostalgia into a high-energy game show,” “viewers are invited to join an irresistibly feel-good, play-along party, packed with legendary tracks and lively performances,” “designed to create big, shared reactions and joyful moments that spark personal stories and anecdotes.” 

    The new “Hitster” set photo indeed shows a studio bathed by warm orange lights, three presenters behind consoles clapping or dancing to a song, accompanied by two packed levels of contestants or audience members, who look to be doing very much the same.

    “‘Hitster’ has already proven it can spark conversation and bring people together in their living rooms – and that’s exactly what great entertainment does. It’s a brilliantly social, instantly playable format that taps into nostalgia and music passion across generations,” said Fremantle Director of Global Entertainment, Andrew Llinares. 

    “Building on our partnership with NewBe and Jumbo Group, with these first broadcast partners on board, there’s real excitement around scaling the format internationally and bringing an instant party into homes around the world,” he added.

    “What started as a simple idea, bringing generations together through music, has grown into a global brand with real cultural impact. The TV adaptation captures the instinctive, feel-good energy that made the game a success, while amplifying the emotion and shared moments that music uniquely creates,” noted Isa Lana, CMO at the Jumbo Group. 

    “With Jumbo Group, ‘Hitster’ became a worldwide hit, and that gave us a strong foundation to build from together with Fremantle,” added Jeroen Koopman, NewBe founder & CEO. “From the start, our creative focus was clear: preserve the heart and DNA of the brand, while translating it into a television format that feels true to the original game experience.”

  • In South Korea, Groundbreaking New Regulations in the Cryptocurrency Sector Are on the Way

    In South Korea, Groundbreaking New Regulations in the Cryptocurrency Sector Are on the Way

    South Korea is preparing new regulations for financial influencers who give stock and cryptocurrency advice on social media. According to local media reports, Kim Seon-won, a member of the National Assembly from the Democratic Party of Korea, is working on a draft that would amend both the Capital Markets Law and the Virtual Asset User Protection Law.

    The proposed regulation aims to impose mandatory disclosure obligations on “financial influencers” who recommend stock or cryptocurrency transactions on social media and similar platforms. According to the draft, individuals who regularly provide investment advice to an unspecified number of people or who earn income from this activity will be required to publicly disclose the fees they receive, as well as the types and amounts of their holdings in relevant financial products and crypto assets. The scope and technical details of the implementation will be clarified by a Presidential decree.

    Under the new regulation, those who fail to comply with the obligations may face sanctions similar to those imposed for unfair trading practices in the capital market. These sanctions include penalties equivalent to those stipulated for violations such as market manipulation and front-running. The main aim of the bill is stated as increasing transparency in investment information, reducing conflicts of interest, and preventing investor losses resulting from information asymmetry.

    According to official data, the number of applications for “investment advisory services” in South Korea increased from 132 in 2018 to 1,724 in 2024. This more than twelvefold increase in six years indicates the rapidly growing role of social media influence in financial markets. Regulators are drawing attention to the fact that some individuals operating outside the formal economy are profiting through misleading statements, false advertising, and even market manipulation.

    Similar steps are being taken internationally. Regulatory bodies such as the Financial Conduct Authority in the UK and the SEC in the US have increased oversight and compliance requirements for social media accounts that produce financial content in recent years.

    *This is not investment advice.

  • How higher gold prices are affecting zakat calculations this Ramadan

    How higher gold prices are affecting zakat calculations this Ramadan

    With the fasting month of Ramadan under way, many Muslims around the world are preparing to fulfil another essential pillar of their faith: Giving zakat.

    Zakat is a compulsory form of charity in Islam, aimed at supporting the needy and promoting economic equality.

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    While many choose to pay zakat during Ramadan for its spiritual rewards, it can be given at any time within a year.

    Since last Ramadan, the price of gold has nearly doubled, from about $2,900 per ounce to more than $5,100 today.

    A higher gold price directly affects zakat in two ways: First, it changes the eligibility threshold (nisab), meaning more individuals may now be exempt from paying zakat. Second, it increases the monetary amount owed based on one’s gold holdings, resulting in a greater overall contribution to charity.

    In this visual explainer, we answer common questions about zakat to help you understand its purpose, calculations and types.

    What are zakat and sadaqah?

    Zakat is one of the five pillars of Islam, making it a core act of worship. The word zakat means purification or growth and is commanded in the Quran as a means to purify wealth, promote social justice and help those in need.

    INTERACTIVE-PILLARS-ZAKAT-MARCH 23, 2025-1742716653

    Zakat is mandatory for Muslims who meet the financial threshold, known as nisab, and is given annually at a fixed percentage of 2.5 (one-40th) of one’s wealth. More on how this is calculated, later.

    Sadaqah, on the other hand, is a voluntary charity of any amount that can be given at any time.

    Who is required to give zakat?

    Zakat is obligatory for adult Muslims whose wealth is above the nisab threshold, the minimum amount needed to be eligible to pay zakat.

    This year, the nisab is equivalent to 85g (3 troy ounces) of gold, or roughly $15,000 based on current market prices. Last year, the nisab was about $8,000.

    Although 85g is a widely accepted modern standard used by many organisations, the classical weight is 20 mithqals or 7.5 tolas, both traditional units of weight used for measuring precious metals, equivalent to roughly 87.48g.

    INTERACTIVE-GOLD STANDARD-ZAKAT-MARCH 23, 2025-1742716635

    In addition to the gold standard for determining the nisab amount, there is also a silver standard. The nisab based on silver is equivalent to 595g (19 troy ounces) of the metal. This accommodates different economic conditions and ensures that zakat is accessible and relevant to a wide range of people.

    If a Muslim’s wealth remains above this threshold for a full lunar year, they must pay zakat.

    INTERACTIVE-WHO IS REQUIRED TO GIVE ZAKAT-ZAKAT-MARCH 23, 2025-1742718040

    How is zakat calculated?

    The standard zakat rate is 2.5 percent (one-40th) of one’s eligible wealth.

    For example, if one’s wealth liable to zakat is $20,000, the due amount is $500 ($20,000 × 2.5% = $500).

    INTERACTIVE-ZAKAT-2.5-ZAKAT-MARCH 23, 2025-1742716693

    Calculation of zakat if you own gold

    If you own physical gold like bars, coins, or jewellery, you should calculate your zakat based on its current market value, not the price you originally paid.

    Understanding the value of a gold item requires knowing its weight in troy ounces alongside its purity in karats. One troy ounce is equal to 31.1035g.

    At $5,100 per troy ounce, 1g of pure gold is worth about $164.

    INTERACTIVE - How is gold value measured-1770547787
    (Al Jazeera)

    Karat or carat (abbreviated as “K” or “ct”) measures the purity of a gold item. Pure gold is 24 karats, while lower karats such as 22, 18, and 9 indicate that the gold is mixed with less expensive metals like silver, copper, or zinc.

    To determine the purity of gold, jewellers are required to stamp a number onto the item, such as 24K or a numeric value like 999, which indicates it is 99.9 percent pure. For example, 18K gold will typically have a stamp of 750, signifying that it is 75 percent pure.

    It’s worth noting that different Islamic schools of thought differentiate between gold used as wearable jewellery and gold stored as an investment when determining whether it is subject to zakat.

    To calculate zakat on gold jewellery, you can follow this formula:

    1. Pure weight (24k)  = (Total weight of your gold item in grammes x karats)/24
    2. Gold price (g) = Current price of gold(in troy ounces)/31.1035
    3. Zakat amount = (Pure weight (24k) in grammes x gold price in grammes) x 0.025

    For example, if you own an 18-karat necklace that weighs 40g:

    1. Pure weight (24k) = (18 x 40)/24 = 30g
    2. Gold price (g) = $5,100/31.1035 = $164
    3. Zakat amount = (30 x 164)x0.025 = $123

    If the necklace is your only savings, you would be below the nisab threshold. If not, you would be required to pay $123 zakat for that item of gold.

    INTERACTIVE-How do you calculate zakat on jewellery-ZAKAT-FEB 25, 2026 copy-1772010356

    You can use the calculator below to calculate zakat owed on gold items:

    What are the different types of zakat?

    There are two main types of zakat: Zakat al-mal and zakat al-fitr.

    Zakat al-mal, meaning “zakat on wealth”, is the most commonly known form of zakat. It is an obligation requiring Muslims whose wealth exceeds the nisab threshold to donate 2.5 percent of their assets annually.

    Zakat al-fitr is a mandatory charitable donation of food before the Eid prayer, marking the end of Ramadan. It is given to help those in need to celebrate Eid. The amount is generally equivalent to the cost of one meal for a person.

    What assets are zakatable?

    Zakat must be paid on assets and savings, kept to resell or profit from, including:

    • Saving and cash
    • Gold and silver
    • Business assets and profits
    • Investments
    • Agricultural produce and livestock

    INTERACTIVE-ZAKATABLE ASSETS-ZAKAT-MARCH 23, 2025-1742716732

    Zakat is not required on assets in use for daily life, such as:

    • The house you live in
    • Your car
    • Essential property like clothing, furniture and appliances

    INTERACTIVE-NON ZAKAT ASSETS-ZAKAT-MARCH 23, 2025-1742716644

    Who can receive zakat?

    Zakat is designed to help alleviate poverty and support the less fortunate. So it must be given to Muslims who meet the criteria of need and lack of wealth. The Quran specifies eight categories of people eligible to receive zakat:

    1. The poor – those with little or no income
    2. The needy – those who have some resources but not enough for a stable life
    3. Zakat administrators – individuals or organisations responsible for collecting and distributing zakat
    4. New Muslims – converts or those inclined towards Islam who need financial support
    5. People in debt – those burdened by debts they cannot repay
    6. Stranded travellers – those who lack financial support while away from home
    7. People working in welfare – individuals engaged in religious, educational, or humanitarian efforts
    8. Captives and slaves – historically used to free enslaved people; now applied to modern equivalents like bonded labour.

    Zakat cannot be given to immediate family members who are considered one’s financial responsibility (like parents, children or spouses). It cannot be given to those who have wealth above the nisab threshold, either.

    When should zakat be paid?

    Once a Muslim’s wealth surpasses the nisab threshold, they are required to pay zakat, provided they have had possession of this wealth for a full lunar year (known as hawl).

    So, if someone’s wealth remains above the nisab threshold for an entire year, they are obligated to pay zakat.

    INTERACTIVE-WHEN CAN YOU GIVE ZAKAT-ZAKAT-MARCH 23, 2025-1742716670

    However, if wealth drops below the nisab during the year, there is no need to pay zakat.

    For example, if someone’s wealth exceeds the nisab for several months but then drops below it before completing a full year, they are not required to pay zakat. Only when their wealth remains above the nisab for a continuous lunar year does the obligation to pay zakat arise.

    INTERACTIVE-WHEN CAN YOU GIVE ZAKAT-2-ZAKAT-MARCH 23, 2025-1742718026

    If someone misses paying zakat in previous years, they must calculate and pay it retroactively.

    Zakat can be given directly to those in need or through trusted charities and organisations that distribute it accordingly. While it is encouraged to help those nearby, it can also be given internationally where there is a greater need.

    By requiring wealthy individuals to give a portion of their assets, zakat prevents wealth from accumulating in the hands of a few and encourages a more equitable distribution of resources, promoting economic balance and reducing income inequality.

  • Cryptocurrency Upbit Announces Listing of This Altcoin on Spot Trading Platform

    South Korea-based cryptocurrency exchange Upbit has announced it will launch new digital asset trading support for Centrifuge ($CFG). According to the announcement, $CFG will be listed in KRW, BTC, and USDT pairs.

    Deposit and withdrawal operations will open within 1 hour and 30 minutes of the announcement’s publication. Transaction support is scheduled to begin on February 26th at 2 PM.

    Only the Ethereum network will be supported for $CFG. Users should note that transfers over different networks will not be supported. The exchange also stated that the transaction start time may be delayed if sufficient liquidity is not available.

    Temporary restrictions will be applied at the start of trading. Accordingly, buy orders will be limited for the first 5 minutes. During the same period, sell orders below 10% of the previous day’s closing price will not be accepted. Furthermore, only limit orders will be allowed for the first 2 hours.

    The previous closing price for $CFG/KRW was 126.02 KRW, while as of 11:15 AM on February 26th, the price is at 126.35 KRW.

    Centrifuge is known as a project that aims to tokenize real-world assets (RWA) on the blockchain. The $CFG token is used for participation in network governance.

    *This is not investment advice.

  • UK far-right activist Tommy Robinson talks up US State Department visit

    UK far-right activist Tommy Robinson talks up US State Department visit

    Robinson is notorious in the UK where he has been accused of promoting hatred against Muslims and organising mass anti-migrant protests.

    British far-right activist Tommy Robinson says he visited the United States Department of State as part of a recent trip to Washington, DC, where he was welcomed by government officials and supporters of the Make America Great Again (MAGA) movement.

    “In America making alliances & friendships, today I had the privilege of an invite to the @StateDept,” Robinson posted on X on Wednesday, alongside a photo of himself next to a US flag.

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    Robinson is a household name in the UK, notorious for his anti-Muslim rhetoric and multiple prison terms. He was also a cofounder of the now-defunct far-right English Defence League – a street protest movement.

    US State Department official Joe Rittenhouse, who is a senior adviser for the department’s Consular Affairs bureau, said he met with Robinson, calling him a “free speech warrior”.

    “Honored to have free speech warrior @TRobinsonNewEra at Department of State today. The World and the West is a better place when we fight for freedom of speech and no one has been on the front lines more than Tommy. Good to see you my friend!” Rittenhouse said in an X post.

    Rittenhouse posted photos of what appeared to be Robinson touring the State Department.

    The State Department did not answer questions from the Reuters news agency on who else Robinson met, what was discussed and what the objective of his visit was.

    A representative for the United Kingdom’s embassy in Washington did not immediately respond to a request for comment from Reuters.

    Robinson, whose real name is Stephen Yaxley-Lennon, has become an icon for British nationalists and one of the UK’s most high-profile anti-migration campaigners, organising a large rally last September in London attended by about 150,000 people.

    Social media posts show that during his trip to Washington, Robinson also met far-right US influencer Jack Posobiec and filmed a video with Congressman Randy Fine, a Republican from Florida, who has a history of anti-Muslim rhetoric. Robinson said on X that he will next travel to Florida.

    Robinson’s visit to the US State Department follows a surge in support from the administration of President Donald Trump for far-right activists in the UK and Europe under the pretext of protecting “free speech”.

    In December, the Trump administration accused Europe of engaging in “civilisational erasure” due to demographic and cultural changes from what Washington has described as weak immigration policies.

    US Vice President JD Vance took aim at European countries during his first international trip last year, accusing the region’s leaders of stifling free speech – particularly voices from the far right – and being lax on migration to the detriment of their societies.

    “No voter on this continent went to the ballot box to open the floodgates to millions of unvetted immigrants,” Vance said in remarks that shocked European leaders.

    The UK and European countries have stronger rules on hate speech than the US, and the European Union has taken a proactive stance on regulating social media and internet content – positions that have angered the White House.

    Robinson was banned from Twitter in 2018, but his account was restored in 2022 following its acquisition by Elon Musk, CEO of Tesla and SpaceX.