Month: February 2020

Sharia Compliance in Bitcoin – What It’s All About, and Why Exchanges Like Beldex Seek Muslim Traders

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Money is a critical part of everyone’s life, and for the religious it is even viewed as a matter of eternal consequence. While those on the outside may be unaware of the importance finance takes on in circles of faith, these beliefs nonetheless affect and impact the businesses and economies of market actors everywhere, regardless of worldview. This post seeks to examine the background of what is known as Sharia compliance in crypto, looking at the relationship between bitcoin use and Islamic religious law. Also read: Record Breaking Interest –…

See Parents? Video Games are Good for Kids

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New data may suggest a link between increased gaming and reduced underage drinking, drug use and sex. The data comes from the CDC via Twitter and Reddit. While the link is tenuous at best, it presents a positive outlook on the effects of gaming. It seems like every generation of video games has some sort of moral panic surrounding it. From Mortal Kombat to Hot Coffee, gaming is never safe from the moral guardians. Well, it might be time for those guardians to relax a bit. Data seem to suggest…

Why Crash to $6,400 May Be Nearing

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Bitcoin is known for its parabolic movements to the upside; BTC’s infamous rally from $1,000 to $20,000 in 2017 was a clear parabola higher, marked by rapidly-increasing highs and an eventual blow-off top, which saw BTC correct 60% within weeks after the peak. Though, the cryptocurrency also trades parabolically to the downside. A prominent analyst recently touched on this, warning that the “downside parabolic structure” Bitcoin is currently forming suggests a stronger crash is nearing. Bitcoin Could Crash Further, Predicts Bearish Parabolic Structure Jacob Canfield, a CNBC-featured trader, shared the…

This One Headline Just Made Crypto Investors Astronomically Bullish on BTC

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Bitcoin and the crypto market haven’t been the only assets falling over the past week or two. This week marked one of the stock markets and commodity market’s worst performances in history, with the S&P 500 and Dow Jones falling by around 12% from their all-time highs established just earlier this month. It was so bad that Thursday marked the Dow Jones’ worst performance in history, when it shed over 1,000 points in a single trading session. JUST IN: Over $6 trillion has been wiped off global stock-markets in the…

Top Analyst Explains Why He’s Buying Bitcoin At $8,500 After 18% Retracement

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After Bitcoin’s crash early this week, the cryptocurrency has found itself trying to establish a base for the next move. While there are many analysts professing that BTC is “showing weakness” at current, a prominent trader recently gave an in-depth explanation as to why he is buying the asset around the $8,500 to $8,600 level, where it was trading just hours ago per data from TradingView. Related Reading: Why Bitcoin Holding This Crucial Level Will Set Stage for “Parabolic Advance” The Case for a Bullish Bitcoin Reversal From $8,500 LightCrypto,…

Private Brave Browser Integrates Auto Wayback Machine Lookup

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Brave, a major privacy-oriented rival of popular browsers like Google Chrome and Firefox, now automatically redirects users to check out archived versions of pages that were removed from the web. Starting from Feb. 25, Brave browser users can instantly access archived content of “missing” pages on the Internet via Wayback Machine integration on the Brave desktop browser. In order to unlock the new feature, Brave has partnered with popular nonprofit digital library The Internet Archive, or Archive.org. The new feature debuted on Brave browser version 1.4 and is only available…

Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices

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Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday. Two days later, CME Group reported that open interest in CME Bitcoin Futures touched a record high of over 6,600 contracts and there’s nearly 300 new trading accounts that have been added this year. Also read: Bitcoin’s…

Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices

boss

Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday. Two days later, CME Group reported that open interest in CME Bitcoin Futures touched a record high of over 6,600 contracts and there’s nearly 300 new trading accounts that have been added this year. Also read: Bitcoin’s…

Australian Judge Says Crypto Is a Legitimate Investment Vehicle

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As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral. “This is a recognized form of investment,” Gibson said of cryptocurrency, also acknowledging its volatility, according to a brief from the Australian Associated Press. The plaintiff vies for crypto usage As part of the defamation case, the NSW court stated the accusing party must place $20,000 AUD, or approximately $13,000 USD, in a bank account guarded by the courts. Should the accusing party lose or…

Dow Claws Back Huge Losses at Close as Trump & Fed Rumors Spook Bears

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A massive recovery in the Dow Jones late on Friday helped lift the index to just a 350-point loss. A huge spike in trading volumes suggests a short covering lifted the U.S. stock market of an uncertain weekend. Trump is believed to be weighing tax cuts as part of his coronavirus stimulus package, and Wall Street can’t rule out an emergency intervention from the Federal Reserve. The Dow Jones pared losses by 600 points at the close Friday, as U.S. equity markets rebounded from intraday lows. News broke late in…