While Bitcoin may be facing backlashes from around the world, from governments and central banks to prominent CEOs, it is now announced it is “prohibited” by Islam. According to Middle East Eye and media, Egypt’s Grand Mufti Shawki Allam said in an official fatwa on Monday that trading with Bitcoin was "unlawful" according to Islamic rulings.…
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While many companies have invested huge amounts of money into blockchain and bitcoins, venture capital firms have gone in a slightly different direction. They invested primarily in tech companies that are involved in bitcoin and blockchain technologies, going around the “traditional” path of investing directly into digital currencies. However, the return on investment in companies…
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The price of bitcoin has shot up from $1,000 to $20,000 in 11 months while other popular cryptocurrencies like Ethereum, Ripple and Dash have increased in value even faster. Virtual currency is quite volatile these days, and here's LeapRate's recent conversation with Edwin Dearborn, CMO at e-Chat, who gives his expert commentary on virtual currency…
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After Segwit2x was planned to happen in mid November this year, the fork was unexpectedly cancelled, leaving many Bitcoin enthusiasts wondering what is going on within the Bitcoin community. Now, a month later, the new fork is set to launch again. The new announcement was made on the 16th of December, with plans for the…
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Following Bitcoin’s latest tumble, Mark Ward, head of trading at Sanlam UK, has examined why the virtual currency is so volatile and shared the three reasons that will shape the future of the cryptocurrency. Seldom a week goes by without mention of Bitcoin in the news – from commentators predicting it to be the swindle…
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Three weeks after the approval of bitcoin futures by the Commodity Futures Trading Commission in the United States, Solactive announced that it is launching the Solactive Bitcoin Front Month Rolling Futures 5D Index, an index tracking the performance of XBT futures listed on Cboe Global Markets. On Sunday, 10 December 2017, Cboe made history by…
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While this week has been hard for Bitcoin and other altcoins, the summer of 2018 seems promising. Probably the world’s most respected investment bank, Goldman Sachs, is now considering the launch of a cryptocurrency trading desk in 2018. With the respect and brand that Goldman has, this may be a pivotal moment for the firm…
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After hitting an all-time high of $20,000 just days ago, Bitcoin has now dropped with almost one third of its value, now trading at around $13,000. After reaching a peak last Sunday, investors are now taking a “cold shower” with the decreasing price of the digital currency. There are several reasons why that might be…
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Amid the hype around the cryptocurrency market, an iced tea company has managed to triple its value after adding the word "Blockchain" to its name. The Long Island Iced Tea Corp., which is a beverage company, changed its name to the Long Blockchain Corp. and expressed their hope to get around partner companies that invest…
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One of the largest cryptocurrency exchanges, Coinbase, launched Bitcoin Cash on their platform, and just hours after the announcement, they halted the trading of the newly added product on their exchange. Just before Coinbase launched Bitcoin Cash, the price of the digital currency was rising and this rise happened just hours before the launch on…
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