#Future trading in Islam
Muslim Views about future trading..
Future trading is prohibited in Islam for the following reasons ¹ ² ³:
- *Gharar*: Futures contracts allow individuals to buy goods that do not exist when signing a contract. It is against Islamic law, which specifies that goods must exist at the time of the actual agreement.
- *Short-selling*: Futures contracts allow traders to sell goods they do not own. Islamic law demands that a seller must have ownership of the object at the time of the contract.
- *No physical delivery*: Futures contracts allow buyers to resell goods or set contract obligations before actual delivery. Islamic law requires physical delivery of the object before resale or settlement.
- *Riba*: Some futures contracts involve dealing in bonds, which is considered riba (usury) and is prohibited in Islam.
- *Uncertainty*: Futures contracts often involve uncertainty, as the object of the contract may not exist or may not be delivered. Islamic law prohibits contracts with excessive uncertainty.
- *No hand-to-hand exchange*: Some futures contracts do not involve a hand-to-hand exchange, which is required in Islamic law for a transaction to be permissible.
- *Dealing in debt*: Futures contracts often involve dealing in debt, which is not allowed in Islam.
- *Cash settlement*: Many futures contracts are cash-settled, which means that the contract is settled in cash rather than by delivering the underlying asset. This is not permissible in Islam. Make your research too

Grayscale Bitcoin Trust ETF Shows Negative Premium Rate
According to Foresight News, data from Coinglass reveals that the Grayscale Bitcoin Trust ETF (GBTC) has a negative premium rate of 0.34%. The Grayscale Ethereum Trust has a negative premium rate of 24.42%, while the Ethereum Classic Trust has a negative premium rate of 37.47%. On the other hand, the Bitcoin Cash Trust has a positive premium rate of 297.25%, the Litecoin Trust has a premium rate of 407.58%, and the Solana Trust has a premium rate of 498.90%.

#HotTrends are you ready for this coin

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At what price are you expecting #HotTrends
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OFFICIAL: #Bitcoin  reached a new All-Time High at $69,000 for the first time before the halving, driven by massive Institutional buying pressure! However, just as it reached the major resistance level, $BTC immediately dropped to $67k What just happened?  Major Resistance: Many sellers wait at this key level.  Selling from Previous Highs: Buyers who bought at the peak of the 2021 bull run are likely selling now to secure profits.  Typical Reaction: This is a typical reaction at major resistance levels. What Does $BTC Need to Do Next?  Confirmation Above $69,000: We need a confirmation candle (a closing price above 69k) to trigger the next leg up. Once it breaks and confirms, there's no historical price data at that level, making it potentially bullish. What Should You Do?  Stay Calm and Wait: Let the buyers and sellers, fight for the next move. This is the most volatile price action #Bitcoin  has seen since breaking previous records, so stay calm and wait for a clear breakout or breakdown before taking any action.

#BTC Bitcoin ETFs Hit Record Trading Volumes as BTC Reaches All-Time High
According to CryptoPotato, March 5 marked a significant day for Bitcoin and spot ETFs, as the cryptocurrency reached an all-time high and the ETFs experienced record trading volumes. Ten Bitcoin ETFs, including BlackRock's IBIT, Fidelity's FBTC, Bitwise's BITB, and the Ark 21Shares ARKB fund, recorded a combined trading volume of $10 billion, surpassing the previous record set on February 28.
ProShares' Short Bitcoin Strategy ETF (BITI) and Bitcoin Strategy ETF (BITO), as well as the Volatility Shares 2x leveraged Bitcoin Strategy ETF (BITX) fund, also broke their trading records. The ten spot Bitcoin ETFs have accumulated over $50 billion in assets under management, starting with less than $30 billion just seven weeks ago. Approximately $8 billion of this growth is attributed to inflows, while the rest is due to the increase in Bitcoin's value.

Market movers:
ETH: $3406.85 (-0.12%)
BNB: $409.2 (+0.34%)
SOL: $130.44 (+1.58%)
XRP: $0.6196 (-2.21%)
ADA: $0.7252 (-1.65%)
DOGE: $0.13338 (-5.84%)
AVAX: $42.8 (+0.71%)
TRX: $0.14033 (-0.12%)
SHIB: $0.00002081 (-0.34%)
LINK: $20.411 (-2.27%)
Top gainers on Binance:
GLM/USDT (+83%)
SLP/USDT (+55%)
QUICK/USDT (+43%)

#BTC Published: 27/02/2024
Author: Leexim

Analyst Forecasts Bitcoin to Reach $100,000 by 2024

Cryptocurrency analyst Adam Back suggests the potential for Bitcoin (BTC) to reach $100,000 before the upcoming April halving event.

Cryptocurrency analyst Adam Back suggests that Bitcoin (BTC) has the potential to reach $100,000 before the upcoming halving event in April. This prediction comes as Bitcoin experiences a significant uptrend in February. Recent data from CoinMarketCap indicates that the price of BTC has surged over 10% in less than 2 days, reaching approximately $56,200.

In a post on X on February 10, Back shared his Bitcoin price forecast, anticipating that the digital asset would achieve a new all-time high (ATH) before the highly anticipated halving event in April 2024. Back relies on his analysis of Bitcoin’s historical price volatility, noting that similar to the recent surge, BTC surpassed the $56,000 mark in 2021, ultimately reaching an ATH of $69,000 within a 41-day journey.

The analyst predicts that Bitcoin (BTC) will maintain its current upward trajectory, potentially reaching a new all-time high (ATH) within the next 70 days before the Bitcoin halving event.

The unique forecast is attributed to the recent launch of Bitcoin spot ETFs. Despite a challenging start, the market for spot Bitcoin ETFs has begun to stabilize, with consistently positive net inflows recorded throughout the previous week.

Related: Bitcoin Surges to $55,000 as ETF Capital Inflows Set Record

Adam Back predicts that the ongoing development of the spot Bitcoin ETF market in the coming weeks could trigger a pre-halving price surge, potentially pushing the asset’s price to the $100,000 mark. Furthermore, the analyst suggests that Bitcoin might still undergo a price increase several months after the halving event, indicating a potential dual upward trend.

At the time of writing, Bitcoin is trading at $56,200, reflecting a more than 10% price increase over the past day. The daily trading volume of the token has surged by 183%, currently valued at $41.74 billion.

#Write2Earn The Naira's Turmoil: Exploring Causes and Solutions in Nigeria's Economic Landscape
TL;DR
The decline of the Nigerian Naira is not solely the fault of citizens but involves policy makers. Politicians' use of US dollars in elections contributes to a lack of confidence. Blaming crypto for the fall is baseless; the real issues are broader economic factors. Solutions include reducing dollar arbitrage, adopting blockchain for transparency, and creating awareness for Naira confidence. Transparent, accessible measures are crucial for stabilizing the Naira, emphasizing the accountability of policy makers in this process.
Introduction
The Naira is currently facing a challenging period marked by a significant decline in its value. Concerns surrounding its fall stem from various economic factors, contributing to a sense of instability within Nigeria's financial landscape. One common belief is to place blame on Nigerian citizens for the currency's decline. Critics argue that widespread distrust and a lack of confidence among citizens in the Naira have played a role. This article is divided into 5 headings; let's dive into them one after the other.
1. Policy Makers' Responsibility
In the intricate web of economic conditions, policy makers wield substantial influence over the fate of a nation's currency. These individuals, entrusted with the formulation and implementation of economic policies, play a pivotal role in steering the financial trajectory of their respective countries.
The loss of confidence in the Naira is not a mere happenstance but rather a reflection of decisions made at the highest levels of governance. Policy makers bear the responsibility of crafting and executing policies that foster economic stability, sustain currency value, and cultivate trust among the populace.
As architects of fiscal and monetary strategies, policy makers set the tone for investor confidence and public trust in the national currency. When policy decisions lack transparency, consistency, or fail to address fundamental economic challenges.

Binance Market Update (2024-02-24)
The global cryptocurrency market cap now stands at $1.94T, down by -1.85% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $50,521 and $51,333 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $51,061, up by 0.15%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include UNI, COTI, and SUSHI, up by 76%, 44%, and 43%, respectively.
Market movers:
ETH: $2958.46 (+0.90%)
BNB: $380.4 (+0.82%)
SOL: $102.56 (+0.78%)
XRP: $0.5442 (+2.04%)

#WLDUSDT is likely to hit $10 as the market continues to peak up

Dear Binancian,#NigeriaCrypto

We are aware that some users are experiencing issues accessing binance.com, along with other platforms in the industry. Only users attempting to access the website are impacted, although the App is currently available.  

Importantly, all user funds are secure and accounts can still be accessed. 

We remain committed to the adherence to local regulations and laws. We continue to actively engage with regulators, policymakers and other relevant stakeholders to foster an open transparent dialogue about managing the evolving landscape of cryptocurrency.

Any changes or updates will be communicated promptly via our official channels. 

If you require any further support, please reach out to us via in-app chat or at https://twitter.com/BinanceHelpDesk. 

Thank you, your understanding and patience are highly appreciated.

The Binance Team

#TrendingTopic BNB Surpasses 380 USDT with a 8.35% Increase in 24 Hours
According to Binance Market Data, BNB has crossed the 380 USDT benchmark and is now trading at 384 USDT, with a 8.35% increase in 24 hours.

#Elon Musk Emphasizes Importance of xAI's Grok Project, V1.5 to Release in Two Weeks
According to PANews, Elon Musk recently tweeted about the significance of xAI's Grok project, stating that although it is far from perfect, it is expected to improve rapidly. He announced that the V1.5 version will be released in two weeks. Musk emphasized the importance of pursuing truth despite criticism, highlighting the relevance of the Grok project in this pursuit.
XAI to the moon

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