Naufal Dwinanda Narra Putra, Robiyanto Robiyanto, Hans Hananto Andreas
This study was conducted to analyze the performance of the portfolio formed with different asset classes. The instrument used is the consumption sector index with 5 cryptocurrencies. Does the formed portfolio have a better performance than the portfolio that is only formed from the consumption sector index. The type of data in this study uses secondary data in the form of a daily frequency time series with a research period from January 2019 to January 2021. The data in this study used quantitative data. Portfolio performance measurement in this study was measured using the ratio of Sharpe, Treynor, Jensen, Sortino, and Omega. Based on the results of the study, it shows that the performance of the consumption sector index portfolio that is hedged with cryptocurrency produces a higher rate of return in the period during the pandemic than in the period before the pandemic. However, there is 1 crypto that produces negative values in each ratio and research period, namely Tether. Overall, the results of this study can be concluded that adding cryptocurrency to the formation of a portfolio will get a better portfolio performance<em>.</em>
Sugeng Hartanto, Berlina Yudha Pratiwi, Arisona Ahmad
Penelitian ini ditujukan untuk mengetahui permasalahan yang akibatkan oleh keberadaan cryptocurrency dan bagaimana cara mengatasinya. Penggunaan berbagai literatur dari jurnal sebelumnya ditambahkan sebagai kajian kritis terhadap permasalahan yang ada. Penggunaan regulasi merupakan salah satu bentuk pemecahan masalah yang muncul. Perkembangan cryptocurrency semakin cepat, dan kehadirannya diakui secara global. Hasil dari penelitian ini adalah terdapat beberapa peraturan yang mengatur tentang transaksi cryptocurrency namun masih perlu adanya pengaturan teknologi yang lebih menekankan pada keamanan penggunaannya. Keseimbangan antara regulasi dan norma dalam transaksi cryptocurrency juga sangat diperlukan untuk mendukung perkembangan cryptocurrency. Jika salah satu konteks ini hilang, pengguna cryptocurrency akan merasa tidak nyaman, pengguna akan cenderung menghindari transaksi cryptocurrency dan cryptocurrency secara bertahap akan dilupakan.
 
One of the most visible information technologies in today's digital age is transaction and investment technology, where users or the public are facilitated in transactions by no longer using cash. Users also feel safer because they do not need to carry cash. Moreover, the current digital era makes it easy for users or the public to invest anywhere and anytime without disrupting other businesses. Blockchain technology can be used as an alternative to non-payment transactions or commonly known as cashless transactions. Blockchain technology can also be used as an investment in electronic money. The methodology used to provide an overview and evaluate the benefits of blockchain as an alternative to digital payment and investment activities in the cryptocurrency industry uses a SWOT approach. Based on the SWOT approach that has been taken, it can be concluded that with internationally recognized safeguards of confidentiality and the ease of conducting investment transactions and activities without payment, the Weaknesses and threats can be controlled for more investors to enter the world of electronic money.
Non-Fungible Token (NFT) adalah salah satu aset digital dalam jaringan blockchain yang terdapat kode identifikasi dan mendata unik serta beda satu sama lain (one of kind). Menurut informasi yang didapatkan masih ada target audience yang dituju belum mengetahui tentang simbol âMinangkabauâ sebagai budaya Minangkabau ini, dan juga masih ada yang belum mengetahui tentang Non-Fungible Token (NFT) karena belum ada media visual informasi yang efektif dan efisien. Selain itu dilihat dari segi potensi atau peluang yang ada Desain Karakter 2 Dimensi âKerbauâ sebagai simbol Minangkabau dalam penerapan NFT ini mendukung mulai dari trend dan Fenomena NFT yang sudah terjadi belakangan ini, tinggal bagaimana memanfaatkan peluang dari NFT itu sendiri untuk dijadikan sebagai media yang informatif yang efektif dan efisien. Tujuan perancangan ini adalah berupa rancangan Desain Karakter 2 Dimensi âKerbauâ sebagai simbol budaya Minangkabau dalam penerapan NFT dan juga media pendukung lainnya untuk memberikan informasi secara langsung dengan tampilan yang komunikatif, efektif, efisien, juga disampaikan dengan menggunakan Bahasa yang verbal dan visual kepada publik. Metode pengumpulan data pada perancangan ini adalah Observasi, dokumentasi, dan studi dokumentasi. Sedangkan metode perancangan yang akan digunakan yaitu adalah metode ADDIE dengan metode analisis data yaitu 5W+1H (What, When, Who, dan How). Media Utama pada perancangan ini yaitu Desain Karakter 2 Dimensi âKerbauâ sebagai simbol budaya Minangkabau dalam penerapan NFT. Media pendukung yang digunakan adalah X-banner, Baju Kaos, Digital Printing, Mug, Totebag, dan Sticker.
Latar Belakang : Perkembangan teknologi menyebabkan banyak inovasi yang tercipta seperti cryptocurrency pada awalnya dibuat untuk menggantikan uang konvensional pada akhirnya banyak negara yang sekarang lebih memilih menjadikannya sebagai aset digital termasuk Indonesia menjadikanya sebagai instrumen investasi.
 Tujuan : Penelitan ini bertujuan untuk menganalisis bagaimana pengaruh persepsi manfaat, persepsi kemudahan penggunaan, pengetahuan konsumen dan promosi terhadap penggunaan cryptocurrency sebagai instrumen investasi pada konsumen PT Indodax Nasional Indonesia. Pengaruh antara variabel independen dan dependen di penelitian ini diuji secara parsial dan secara simultan.
 Metode : Bentuk penelitian yang digunakan dalam penelitian ini yaitu penelitian kuantitatif dengan eksplanatory research.
 Hasil : Hasil penelitian menunjukkan variabel persepsi manfaat (X1), persepsi kemudahan penggunaan (X2), pengetahuan konsumen (X3) berpengaruh secara signifikan terhadap penggunaan cryptocurrency sebagai instrumen investasi.
 Kesimpulan : Melalui nilai adjusted R square juga diketahui bahwa variabel persepsi manfaat, persepsi kemudahan penggunaan, pengetahuan konsumen dan promosi berkontribusi sebesar 55,7%, terhadap variabel penggunaan cryptocurrency sebagai instrumen investasi sedangkan sisanya sebesar 44,3%, dipengaruhi oleh variabel lainnya yang tidak dibahas dalam penelitian ini.
Riau Archipelago is one of the provinces established in the regional autonomy era. The province is enforced to well manage its local own-resources in realizing regional autonomy. This study is aimed at analyzing the degrees of independence, dependence, and fiscal decentralization of the province. Through the ratio analysis, it is expected that this study can give some references to the Provincial Government taken as the subject of the study, i.e. related to decision making aimed at increasing its regional independence as well as decreasing the dependency towards the Central Government. This study uses the Report on Local Government Finances of the Province of Riau Archipelago for the financial year of 2014-2020 as the research data. This study uses quantitative descriptive analysis method based on the local government finance ratios including regional financial independence ratio, regional financial dependence ratio, and regional fiscal decentralization ratio. This study shows that from regional independence aspect, the financial performance of the province is in medium fiscal capacity (55.84%) with participative relational pattern. Based on the degree of regional dependence aspect, it is in very high category (64.17%) while due to regional fiscal decentralization degree, its regional financial performance is in good category with an average of 35.69%.
Cryptocurrency adalah sebagai aset yang dibuat untuk beroperasi sebagai cara pertukaran yang dilakukan secara digital. Nilainya akan mengalami kenaikan karena berlakunya hukum demand dan supply, di mana jumlah uang digital ini terbatas sedang peminatnya terus bertambah. Pada tahun 2021 di Indonesia mengalami perkembangan investor cryptocurrency yang signifikan, dimana pada akhir tahun tercatat jumlah investor telah mecapai 11,2 juta. Perkembangan tersebut dipicu akibat adanya anggapan perbedaan return yang dihasilkan lebih tinggi dibandingkan instrumen investasi lainnya. Penelitian ini bertujuan untuk mengukur perbedaan return, risk dan kinerja diantara cryptocurrency, IHSG dan Emas, dimana kinerja diukur menggunakan metode Index Sharpe, Index Treynor dan Index Jensen. Populasi yang digunakan pada penelitian adalah sebanyak 5 populasi yaitu; Bitcoin (BTC), Ethereum (ETH), Ripplecoin (XRP), IHSG dan Emas. Metode penelitian yang digunakan pada penelitian ini adalah analisis perbandingan menggunakan pengujian parametrik One-way ANOVA dan pengujian non-parametrik Kruskall-Wallis. Hasil penelitian menunjukan terdapat perbedaan yang signifikan pada variabel risk, Index Sharpe, dan Index Jensen. Sementara pada return dan Index Treynor tidak terdapat perbedaan yang signifikan. Bagi para investor hal yang perlu diperhatikan adalah tidak adanya perbedaan return yang signifikan pada ketiga instrumen penelitian, sementara pada risk cryptocurrency memiliki tingkatan yang paling tinggi. Penelitian yang akan datang diharapkan dapat menambahkan jenis cryptocurrency lainnya dengan periode penelitian yang lebih panjang.
The purpose of this research is to analyze the exchange of virtual cryptocurrency money with real rupiah money from the perspective of sharia economic law. Currently there is a lot of money in virtual form, one of which is bitcoin. The emergence of this type of virtual money is proof of one of the latest technological advances. Bitcoin has been widely used by several countries and even makes it a transaction tool. Cryptocurrency is becoming a booming trend as a new investment opportunity. Not even a few believe that crypto becomes an attraction because it is considered to have different characteristics in solving expenses without using a third party. Some of the provisions in the exchange contract between the same and different currencies, namely exchanging money with similar types such as rupiah with Rupiah and must be done in cash, if different currencies such as Rupiah and Dollar must also be in cash, if the exchange occurs between money and commodities, the most important thing is agreement between the seller and the buyer. Cryptocurrency (Bitcoin) is legal to use for people who accept and acknowledge it, but MUI and OJK do not allow it as a commodity and similarly BI does not allow it as a legal transaction tool to be used in Indonesia because it is considered not to meet the requirements as a currency like Rupiah. and in the perspective of sharia economic law that cryptocurrency (Bitcoin) is an object or object that is not allowed (haram).
<em><span>Some countries consider cryptocurrencies as an avenue for money laundering and other illegal activities, especially Muslim countries, many of which prohibit the use of cryptocurrencies and even prohibit them. This study aims to identify the specific risks of cryptocurrency investment and to understand the sharia-compliant concept to open opportunities for the Islamic economy in the future. The data collection technique used is literature study by collecting data from previous studies in the form of documenting articles, journals or books as well as publication data from other parties. The data analysis techniques used were data reduction, data presentation, and drawing conclusions. The results show that although cryptocurrencies promise some strengths, in terms of investment there is a risk. Some cryptocurrencies have indeed been developed to address the issue of cryptocurrency non-compliance with Sharia law. Like OneGram, one of the cryptocurrencies that can be classified according to sharia. The alternative concept of sharia cryptocurrency has the potential to build Islamic economic products and have a positive effect on the global economy, especially in the context of welcoming a modern Islamic economic order that is conducive to all circles and the realization of a better future for the Islamic economic community</span></em>
Achmad Wicaksono, Cynthia Eka Violita, Edita Rachma Kamila
This study was conducted to find out: (1) whether bitcoin is a profitable investment instrument; (2) how to make bitcoin a profitable investment instrument. This article was compiled using the âLibrary Researchâ approach where the data obtained will be analyzed in depth descriptively. The results of the study show that: (1) Bitcoin is a profitable investment instrument due to the limited supply of Bitcoin, which makes this instrument behave like Gold; (2) In order to become a profitable investment instrument, individuals can carry out mining activities to get Bitcoin prizes from miner applications and individuals can also carry out spot trading activities by taking advantage of the Bitcoin price difference when buying and selling so as to earn a profit.
Abstract 
 Often the rapid development of the world economy and also Islam is the majority of Indonesian people, as Muslims must understand technology Cryptocurrencies and activities related to these technologies, as well as understanding the law in Islamic Sharia are sourced from Hadith and verses of the Koran. Cryptocurrency is virtual money, digital money, or electronic money that exists in cyberspace and does not have a concrete form of object. This cryptocurrency has many kinds, including Litecoin, Monero, Ether, Ripple, Ethereum, Qtum, Dash, Zcash, and Bitcoin. Bitcoin security is protected by Blockchain technology. However, Bitcoin does not have an underlying asset (underlaying asset) and there is no responsible authority agency, its ownership is anonymous, its value fluctuations are very extreme, and is dominated by the opinion publication factor of the marketing system. That is why the use of Bitcoin in investment and business transactions raises pros and cons among economists and scholars. This study aims to get an overview of Bitcoin technology, especially about Blockchain and the legitimacy of its use in investment and business transactions according to Islamic law. The applied theory used is the business taxonomy of haram lidzatihi and haram lighairihi from the number of scholars reconstructed by Adiwarman Abdul Karim. This research is a literature study. The data sources for this research were taken from the Koran, the hadith of the Prophet, classical and contemporary books, as well as from online media sources. From this study, it was found that Bitcoin technology with Blockchain can indeed be recognized as an excellent revolutionary technology, but its use as an investment instrument contains elements of maysir (betting) and as an instrument of business transactions contains elements of gharar. Its legal position is haram lighairihi.
 Keywords: Cryptocurrency, Bitcoin, Blockchain technology, Islamic Sharia
 
 Abstrak
 Seriring pesatnya perkembangan ekonomi dunia dan juga agama Islam merupakan mayoritas masyarakat Indonesia, selaku umat Islam harus memahami teknologi Cryptocurrency dan kegiatan-kegiatan yang berhubungan dengan teknologi tersebut, serta memahami hukumnya dalam Syariat Islam bersumber dari Hadist dan ayat - ayat Al-Quran. Cryptocurrency adalah uang virtual, uang digital, atau uang elektronik yang berada di dunia maya dan tidak memiliki bentuk benda yang konkret. Cryptocurrency ini memiliki banyak macam, antara lain Litecoin, Monero, Ether, Ripple, Ethereun, Qtum, Dash, Zcash, dan Bitcoin. Keamanan Bitcoin dilindungi oleh teknologi Blockchain. Namun, Bitcoin tidak memiliki asset yang mendasari (underlaying asset) dan tidak ada lembaga otoritas yang bertanggung jawab, kepemilikannya anonim, fluktuasi nilai yang sangat ekstrem, dan lebih didominasi oleh faktor publikasi opini sistem pemasaran. Itulah sebabnya penggunaan Bitcoin dalam investasi dan transaksi bisnis menimbulkan pro dan kontra di kalangan pakar ekonomi dan ulama. Penelitian ini bertujuan untuk mendapat gambaran seputar teknologi Bitcoin, terutama tentang Blockchain serta keabsahan penggunaannya dalam investasi dan transaksi bisnis menurut syariat Islam. Teori terapan yang digunakan adalah taksonomi bisnis haram lidzatihi dan haram lighairihi dari jumhur ulama yang direkonstruksi oleh Adiwarman Abdul Karim. Penelitian ini bersifat studi pustaka. Sumber data penelitian ini diambil dari Alquran, hadis Rasullah, kitab-kitab klasik dan kontemporer, serta dari sumber media online. Dari penelitian ini didapatkan hasil bahwa teknologi Bitcoin dengan Blockchain memang bisa diakui sebagai teknologi revolusioner yang sangat baik, tetapi penggunaannya sebagai instrumen investasi mengandung unsur maysir (pertaruhan) dan sebagai instrumen transaksi bisnis mengandung unsur gharar. Kedudukan hukumnya adalah haram lighairihi.
 Kata kunci: Cryptocurrency, Bitcoin, teknologi Blockchain, syariat Islam
Abstract: Charity is an act of kindness, wherein a person who has financially more than enough of what he needs contributes part of his surplus earnings for the fulfillment of the needs of folks who are much less capable. The charity organizations lack transparency and the supervision of them is difficult to achieve, which has a negative impact on the willingness of the people to donate. Blockchain as an underlying technology provides a new solution for the charity system in terms of technology. This project proposed a charity system (D-Donation) based on blockchain technology and expounds the design pattern, architecture and operational process of the platform. Some core functions of the D-Donation app have been realized and verified on Polygon Blockchain. Through this we hope to increase the transparency of charities to enhance the public's trust in charities and promote the development of philanthropy by blockchain-based charity system. Keyword: Blockchain, Ethereum, Polygon, Solidity, Smart contracts, Metamask, Javascript, Node js, React JS, Ethers js, Hardhat.
Muhammad Al Ikhwan Bintarto, Yudi Setiawan, Muhammad Uwais Alqarni, Faishal Hilmi
Cryptocurrency is a virtual currency based on blockchain. Yet, some countries forbid it as a means of payment in transactions. It can only be used as diversification in investment. In fact, cryptocurrency is a liquid asset even though it fluctuates. In Islam, there are different views whether cryptocurrency can be assets or can be zakah, infaq, sadaqah, and waqf. The object of this study is to answer whether the crypto can be al-amwal azzakawiyah or something that can be zakah and waqf which can be maslahah for the society. Another purpose of this research is to enlighten about zakah and waqf managers on what cryptocurrency for. The theory used is the theory of zakah and waqf in Islam. This is qualitative study with a conceptual approach and an Islamic law approach. The result of this research is that cryptocurrency can be said as wealth or al-maal that can be zakah, infaq, and waqf because it has fulfilled several requirements to be classified as wealth or al-maal in Islam. Zakah calculation of crypto currency must exceed the nisab 2,5% equivalent to 85 grams of gold, the owned can already be an object of zakah.
This research analyzes cryptocurrency fundamentals during the pandemic COVID-19 significantly affected cryptocurrencies during a brief period of financial panic. Technological advances resulted in the shift of traditional currencies towards digitalization. Volume and market cap variables are used as independent variables. The cryptocurrencies in this study are Bitcoin, Ethereum, Binance Coin, Ripple, and Dogecoin, which have the top 10 largest market capitalization. The research data was taken on the CoinMarketcap.com website from the beginning of the pandemic in Indonesia in March 2020 â to February 2021. The results showed that the Market Cap of Bitcoin, Ethereum, Binance Coin, Ripple, and Dogecoin had a significant effect on the price. Furthermore, the volume of Bitcoin, Ethereum, Binance, and Dogecoin has an effect and is significant on the price. In comparison, Ripple Volume has no effect and is not significant to the price. This implies that highly speculatively priced cryptocurrencies have the same fundamental value as stock prices.
The existence of cryptocurrencies that have emerged and developed since the last decade is still a debate, both in terms of function, regulation and compliance with Islamic economic principles. Different countries give different attitudes towards cryptocurrencies. Some countries accept its existence, while some other countries reject it. This is inseparable from the question that arises whether cryptocurrencies function as money or commodities. In addition, the absence of an official institution that is responsible for and regulates the circulation of cryptocurrencies and no underlying assets is also another problem. This article aims to see how cryptocurrencies are positioned based on their nature, characteristics and functions using an Islamic finance point of view. The results of the study indicate that cryptocurrencies currently carry out more functions as a store of value that are not in accordance with the Islamic financial system. In addition, the use of cryptocurrencies as money and means of payment carries a fairly large risk. This violates the principle of property protection in the maqasid al-shari'ah view.
In this modern era, sellers will do their best to have people purchase their things. Globalisation era has a strong connection to advanced technologies. It is not only science that gets more advanced, almost every aspect in modern society will grow and develop better and better. Nowadays, peopla do not only use physical currency such as coins and money. People now are being exposed to Bitcoin. It is a new means of transaction that has been widely known for the last 4 years. Digital money such as bitcoin kind of has complicated calculation, thus its nominal gets bigger and bigger each year. This bitcoin phenomenon is not only popular in indonesia. Some other countries even try to ban it. However, there are more countries that make bitcoin legal. In indonesia, bitcoin users are not proected by any laws if some unexpected circumtances happen. The reason why cryptocurrency is not legal yet in Indonesia is because bitcoin cannot be easily taxed. It happens because bitcoin is used without any third party; only between bitcoin beholders. The country and its financial departments cannot intervene. Thus, they cannot tax bitcoin beholders, which commonly hold huge nominals that can reach million hundreds of rupiah.
Cryptocurrency is a digital or virtual currency that created due to technological advances. Its purchase transactions take advantage of technological developments that can be done online without going through a bank intermediary, enhanced with the advantages of Blockchain technology. However, cryptocurrency investments have a high risk on their profit and loss value. It isnât enough to get there, cryptocurrencies also still donât get the legality in Indonesia. This discussion aims to get clarity on cryptocurrency investments and transactions, also get answers to cryptocurrency law according to Islamic sharia. Based on qualitative descriptions and review of literature studies. The result of this study is that the Islamic financial system provides a view on cryptocurrency investments and transactions with a clear and sourced law from the Qur'an, As-Sunnah, and the results of the cleric' ijtihad. Based on Islamic sharia, investments and transactions used by cryptocurrencies contain elements of maysir (betting) and gharar (uncertainty) because they risk investment goods with unclear value of assets and their real form. The conclusion of this study is that users of cryptocurrencies are justified haram lighairihi as well as syubhat for those who still have doubts. Keywords : Cryptocurrency, Islamic sharia.
Abstract: Non-Fungible Token is a digital asset in the form of a certificate of ownership of an artwork, such as photos, videos, songs, or games in virtual form. These digital assets are stored in the Blockchain. NFT is a derivative of cryptocurrency, and the difference is that crypto-assets such as Bitcoin are the same as physical money because they have an exchange rate and can be traded. Meanwhile, NFT does not have the exact exchange rate because of its unique nature. NFT opens new investment opportunities for investors in the country to market their work in the global market. Since the Ghozali everyday phenomenon, many people have started following Ghozali's steps by selling various kinds of NFTs in the form of selfie ID cards, pornographic content, and self-identity that contain elements of á¸arar. The study method in this research is case study qualitative phenomenology. This study aims to identify and analyze the business of buying and selling NFT on the opensea.io marketplace from an Islamic perspective. This study shows that the more people who can see the opportunities and gaps in the NFT business, the more people will be engaged in the NFT buying and selling business. Buy and sell NFT using cryptocurrency as an illegal commodity to trade because crypto-assets contain elements of gharar, á¸arar, and qimÄr. Even though the form of this NFT exists, when this NFT is transacted using Cryptocurrencies whose form does not exist, it can be said that this buying and selling transaction is invalid. Keywords: Buy and Sell; NFT; Opensea.io; Artwork. Abstrak: NFT atau Non Fungible Token merupakan aset digital berupa sertifikat kepemilikan sebuah karya seni, seperti foto,vidio, lagu, atau game dalam bentuk virtual. Aset digital ini disimpan dalam blockchain. NFT merupakan turunan dari cryptocurrency, bedanya aset kripto seperti bitcoin sama halnya dengan uang fisik karena memiliki nilai tukar dan dapat diperdagangkan. Sedangkan, NFT tidak memiliki kesamaan nilai tukar karena sifatnya yang unik. NFT membuka peluang investasi baru bagi para investor di tanah air untuk memasarkan karyanya di pasar global. Semenjak fenomena Ghozali Everyday yang menjadikan foto selfinya sebagai NFT ramai diperbincangkan dimedia sosial banyak sekali yang mulai mengikuti jejak Ghozali menjual berbagai macam NFT dalam bentuk selfi KTP, konten pornografi, dan identitas diri yang mengandung unsur á¸arar (bahaya). Metode penelitian dalam penelitian ini ialah kualitatif studi kasus fenomenologi. Tujuan penelitian ini untuk mengetahui dan menganalisa bisnis jual beli NFT pada market place opensea.io dalam perspektif Islam. Hasil penelitian ini menunjukkan Semakin banyak masyarakat yang bisa melihat kesempatan dan celah dari bisnis NFT maka akan semakin banyak masyarakat yang bergerak dalam bisnis jual beli NFT Namun sangat disayangkan untuk saat ini NFT ditransaksikan menggunakan mata uang Cryptocurrency. Jual beli NFT menggunakan mata uang crypto sebagai komoditi haram untuk diperdagangkan. Sebab aset cyripto mengandung unsur gharar, á¸arar, dan qimÄr. Sekalipun wujud dari NFT ini ada namun ketika NFT ini ditransaksikan menggunakan Cryptocurency yang wujudnya tidak ada maka bisa dikatakan transaksi jual beli ini tidak sah. Kata Kunci: Jual Beli; NFT; Opensea.io; Karya Seni.
Bitcoin is an online payment system of peer-to-peer electronic money that is sent directly from one party to another without going through a financial institution. Bitcoin has characteristics as a currency or medium of exchange because it is accepted as a means of payment by its community. However, there will be a lot of hope that can happen to bitcoin users, namely because bitcoin is al-jahalah (unclear) will cause an element of fraud in buying and selling with bitcoin. So the purpose in this study is to find out how fiqh review is muamalah on buying and selling transactions with bitcoin. This research is qualitative literature (library research). Data collection methods use documentation and data analysis using deductive analysis techniques. The results of this study show that the practice of buying and selling with bitcoin is either aimed at the needs of exchange tools or investment businesses, especially in online financial transactions including from syubhat, and something that syubhat should be abandoned, because it does not bring benefits at once that is the purpose of Islamic sharia, namely its own benefits will not be realized.
Safiani A. Faaroek, Aropria Saulina Panjaitan, Zaleha Fauziah, Nanda Septiani
A certificate is a form of award that is obtained by someone after completing a competency test or certain learning. Certificates must be generated and stored in a safe and secure manner to prevent alteration of content or even falsification. Blockchain technology is a technology that allows secure storage processes at low costs. Security is guaranteed because everyone can take part in storing data with a distributed ledger. Based on the results of research and system design, it can be concluded that the process of making blockchain technology as a medium for issuing certificates and their validation can be made using Ethereum's program, namely Geth, and storing data using smart contracts issued on the blockchain network. The results of the reliability testing of the system show that the system has successfully processed 200 transactions in approximately 8 seconds. For scalability testing, it is estimated that 10 million blocks require a storage capacity of 22.6 GB to become a node or miner on this blockchain network.
The aim of this study is to investigate the effect of regret-aversion bias and overconfidence on millennial investors' cryptocurrency investment decisions. The population in this study are people from Sumatra, Java, and Nusa Tenggara (Bali) who have invested in or only know about cryptocurrencies. For the sampling technique of this study using the Objective Sampling method for a population of 35 people. The method used in this study is a quantitative method using primers which were analyzed by Path Analysis using the Smart Pls 3.0 program. The results obtained in this study indicate that regret-avoidance bias has no significant effect on investment decision making, while overconfidence has a significant effect on investment decision making.
R. Aditya Rayhan Zanesty, Tio Arya Dewa Prakarsa, Intania Chantika Alina, Nur Aini Rakhmawati
Cryptocurrency is increasingly showing its popularity as an investment medium that is increasingly taking the attention of the Indonesian people, both common people and experts. This phenomenon is prone to market manipulation by pumping and dumping certain cryptocurrency entities, trapping novice investors. The respondents of this study were taken from Indonesian people who have cryptocurrencies and social media users. The method used in this study is a descriptive quantitative research method with a total of 151 respondents. The data instrument used in this study was a questionnaire distributed online. The results obtained through surveys that have been conducted prove that social media influencers have a positive and significant influence on Indonesian people's cryptocurrency purchasing decisions.
This study aims to find out what are the factors that drive consumerperceptions of young Indonesian Muslims towards cryptocurrencyinvestment intentions. The sample in this respondent was selectedusing a purposive sampling technique with the criteria of consumersbeing Muslim. The number of valid respondents was 120. All datawere analyzed using the PLS-SEM method. The variables used inthis study are product knowledge, perceived quality, perceived risk,and behavioral intention. The results of this study indicate that theeffect of product knowledge has a positive effect on the perceptionof the quality of young Muslims towards cryptocurrency investment,product knowledge has a positive effect on the risk perception ofyoung Muslims towards cryptocurrency investment, and theperception of quality has a positive effect on the intentions of youngMuslims. Muslims towards cryptocurrency investment, Riskperception has a negative effect on the intentions of young Muslimstowards the use of cryptocurrency investments, Product knowledgehas a positive effect on the investment intentions of young Muslimstowards cryptocurrency investment. pay more attention to halalsensitivity and have an MUI halal certificate, so that Muslimconsumers can have an interest in cryptocurrency investment.
In this modern era, everything has started to enter the digital realm. This can make things easier in everyday life considering the digital concept is easy access anywhere and anytime without limits. However, this can be a double-edged sword, instead of making work easier, digital concepts can be detrimental too. Therefore a policy in using and utilizing technological advances is very necessary, in order to maintain security for all users. Lately we often hear the term Non-Fungible Token or NFT for short, NFT is often associated with finance and digital economic systems that can represent a valuable item or asset. In Islam, of course, we have our own views, laws and norms in life, one of which is in economic terms. What is the Islamic view on NFT? Is NFT allowed in Islam? This research will discuss and examine these questions.