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Ethereum Price Analysis – Immediate upside likely

Ethereum (ETH) now has a US$29billion market capitalization, second only to Bitcoin’s US$69 billion. ETH is also the second highest trading digital cryptocurrency or asset by volume, below Bitcoin and above Ripple.

ETH has had a wild ride this month, dropping from all-time highs around US$400 to US$200. The cryptocurrency has since rallied and currently trades around US$300.

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BTC/USD and BTC/JPY Technical Analysis September 28 2017

Hello and welcome to News BTC’s Market Outlook September 28. BTC/USD Bitcoin rallied again during the day on Wednesday, breaking cleanly above the $4000 level. I think that the market pulling back from here should be a buying opportunity though, and I think that a supportive candle is exactly what you’re looking for. I believe that … Continue reading BTC/USD and BTC/JPY Technical Analysis September 28 2017

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UK Public Schools Forcing Girls As Young As Four To Wear Muslim Veil

Research published in The Sunday Times this week revealed that eight state-funded British schools are forcing children to wear the Islamic hijab along with other Muslim female dress code requirements, which includes girls as young as four. The findings are based on open source investigations into published dress code directives of 176 Muslim schools across Britain, most of which are private.

However, the new discovery of public schools among them has sparked outrage across the UK, especially as three of the schools are elementary level schools (including kindergarten). According to The Sunday Times:

Girls as young as four are being “forced to wear the hijab” as part of approved school uniform in state-funded Islamic schools, campaigners have told ministers.


According to research by the National Secular Society, the hijab appears to be compulsory in eight state-funded Islamic schools in England, including three primary schools.


A further 51 private Islamic schools of the 176 surveyed by the society also require the headscarf to be worn by female pupils. Eighteen schools said wearing the head covering was optional.

Shockingly, one particular school called the Independent Olive Secondary requires that, “Hair should be covered by a black scarf; outside the School the face must be covered,” while another UK school is explicit in stipulating that, “It is very important that the uniform is loose fitting and modest and that the hijaab is fitted closely to the head. The College uniform is COMPULSORY” (sic). The Tayyibah Girls School in London warns: “The school is not willing to compromise on any issues regarding uniform.”

The Tayyibah Girls School in London.

Meanwhile, some schools go so far as to recommend the niqab. For example girls at Al-Ihsaan school in Leicester are told they must wear either a “jilbaab or niqab”. The jilbaab is a long and loose-fitting gown which covers the entire body expect for hands, face, and feet. But the niqab recommendation is much more significant in that it is practiced by only a small minority within the Muslim world – it covers the entire face except for the eyes, and is typically worn with black garments with cover head to toe. 

In addition to the eight publicly funded schools which require head coverings of veils, thirteen others cite an optional hijab as part of their uniform policy. Islamic academies in Britain came under scrutiny early this month when a previous Times story first reported that “Thousands of state primary schools are allowing girls as young as five to wear the Muslim religious headscarf as part of approved school uniform, a Sunday Times survey has revealed.”

The earlier investigation found that even Church of England associated schools were increasingly adopting various forms of Islamic dress as acceptable among students:

Last month a survey by The Sunday Times revealed that nearly a fifth (18%) of 800 state primary schools, including Church of England primaries, in 11 regions of England now list the hijab as part of their uniform policy, mostly as an optional item.

Feversham College is a high school level academy specializing in Science for Muslim girls aged 11-18 years. It’s website spells out that a “close-fitting” hijab is “COMPULSORY” (sic).

Activists associated with the investigation cited by The Sunday Times called the uniform requirements “illiberal and repressive” and stated, “no child should be obliged to wear the hijab or any other article of religious clothing while at school.” Included among those appealing to the UK education secretary to root out such practices, especially when they appear at state funded schools, are Muslim women activists.

Of course, it’s mostly a good thing when the state leaves private religious schools alone to do or require whatever they want in terms of dress code, but that state funded UK schools would enforce Muslim veils is the deepest hypocrisy in a country which has recently been known to target and punish families wanting to opt out of LGBT related curriculum. The British authorities have even threatened Orthodox Jewish schools with closure with the ultimatum: “teach your children about homosexuality and gender reassignment, or we will close you down.”

In a trend that began years ago, the British education secretary began warning even Christian private schools that their teaching curriculum must reflect the “UK values” and laws concerning transgender recognition. The government now routinely cites “combating extremist” as a motive for getting private schools to conform.

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Japan’s Abe calls for a snap election after parliament dissolved

Thu, 2017-09-28 07:13

TOKYO: Japanese Prime Minister Shinzo Abe on Thursday called a snap election, as fresh opinion polls showed a fledgling conservative party led by popular Tokyo Governor Yuriko Koike was gaining momentum ahead of the expected October 22 vote.
Abe, a conservative who returned to power in 2012, is hoping a boost in his voter support in recent months will help his Liberal Democratic Party-led (LDP) coalition maintain a simple majority. It currently holds a two-thirds “super” majority. Koike’s new Party of Hope — only formally launched on Wednesday — has upended the election outlook after the former LDP member announced she would lead the group herself.
“This will be a tough battle, but it’s all about how we will protect Japan, and the lives and peaceful existence of the Japanese people,” Abe told a group of lawmakers. The cabinet will formally decide the date of the poll later on Thursday.
A number of opposition lawmakers boycotted a session at which the lower house was dissolved to protest Abe’s calling the election and creating a potential political vacuum at a time when tensions are high with North Korea.
Koike, a media-savvy former defense minister often floated as a candidate to become Japan’s first female prime minister, said on Wednesday she would not run for a seat herself, but speculation that she will persists.
A survey by the Mainichi newspaper showed 18 percent of voters plan to vote for Koike’s Party of Hope compared to 29 percent for Abe’s ruling Liberal Democratic Party (LDP).
An Asahi newspaper poll showed 13 percent planned to vote for Koike’s party versus 32 percent for the LDP. Both surveys asked voters their preference for proportional representation districts where ballots are cast for parties rather than specific candidates.
“It is unavoidable that Abe is going to lose some seats to the Party of Hope, and while the most likely scenario is that he will retain a majority, if he loses too many his ability to implement policy will be diminished,” said Yuji Saito, director of the foreign exchange division at Credit Agricole Bank in Tokyo.
Abe’s personal ratings have risen to around 50 percent from around 30 percent in July, partly on the back of his leadership during the current North Korea crisis.
But opposition parties charge he called the election to escape questioning in parliament about suspected cronyism scandals that sliced his support to below 30 percent in July.
The emergence of Koike’s party — which she describes as pro-reform and conservative — has thrown the main opposition Democratic Party into turmoil. The Democrats are struggling with defections and single-digit ratings and now appear in danger of being absorbed by the Party of Hope.
Democratic Party leader Seiji Maehara will propose that the party allow its members to run under the Party of Hope flag, domestic media reports said.
The proposal could end up splitting the party, an often-fractious mix of conservatives and liberals whose rocky 2009-2012 reign tainted its image with many voters.
Koike, 65, defied the LDP to run successfully for Tokyo governor last year and her novice local party then crushed the LDP in a metropolitan assembly election in July.
Her Party of Hope shares policy space with the business-friendly LDP, but Koike has staked out different stances on two issues likely to appeal to voters.
She wants to freeze a planned rise in the national sales tax to 10 percent from 8 percent in 2019. Abe says he will raise the tax but spend more revenue on childcare and education instead of paying back public debt.
Koike is also calling for Japan to abandon nuclear power, while Abe’s government plans to keep atomic power as a key part of the energy mix despite public worries about safety after the 2011 Fukushima nuclear crisis.
Koike has also criticized Abe for risking a political vacuum by calling the snap poll at a time of rising regional tensions over North Korea’s nuclear and missile programs.
Recent reforms will reduce the number of lower house seats to 465 from 475 in the coming election.

Main category: 
Japan’s Abe calls snap election
Japan’s Abe to pledge something for all generations in snap election-source

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South Korea expects more provocations from Pyongyang mid-October

Thu, 2017-09-28 07:37

SEOUL: South Korea expects North Korea to engage in more provocative action next month to coincide with the anniversary of the founding of its communist party and China’s all-important Communist Party Congress.
In a meeting with President Moon Jae-in on Thursday, national security adviser Chung Eui-yong said he expected Pyongyang to act around October 10 and 18, but gave no details.
“(Chung’s report) also said there are worries over military conflict being sparked by accidental incidents,” said Park Wan-ju, lawmaker and head spokesman of the ruling Democratic Party.
“The president said the US speaks of military and diplomatic options, but South Korea can’t go through war again.”
Tensions on the Korean peninsula have escalated in recent weeks as North Korea’s leader Kim Jong Un and US President Donald Trump exchange bellicose threats and insults over the North’s nuclear and missile development program.
The North has accused Trump of declaring war after he warned Kim’s regime would not last if he persisted in threatening the US and its allies, having earlier warned North Korea would be totally destroyed in such an event.
Pyongyang conducted its sixth and largest nuclear test on September 3 and has launched dozens of missiles this year as it accelerates a program aimed at enabling it to target the US with a nuclear-tipped missile.
The US and South Korea are technically still at war with North Korea because the 1950-53 Korean conflict ended with a truce and not a peace treaty.
China, North Korea’s main ally, would likely be extremely unhappy if Pyongyang tested a missile or carried out some other act during its Communist Party Congress, held once every five years.
Park said President Moon told the meeting that Washington and Seoul agreed that pressure needed to be applied to North Korea, with the door to talks still open.
In a separate speech on Thursday, Moon said cooperation with the international community to curb the North’s nuclear ambitions was at its highest level ever and called for the strengthening of South Korea-US defenses to rein in the North.
Since the North’s latest nuclear test, countries have taken measures against the reclusive state like expelling North Korean diplomats.
Malaysia said on Thursday all its citizens are banned from traveling to North Korea until further notice due to escalating tensions on the Korean Peninsula.
Chung said the US and South Korea had agreed on the rotational deployment of US strategic assets to South Korea, possibly as soon as year-end, said lawmakers at the meeting.
What kind of assets would be rotated was not specified.
Moon added it was inappropriate to discuss the deployment of nuclear weapons in South Korea, the lawmakers said.
The president said he had personally been against the deployment of US Terminal High Altitude Area Defense (THAAD) system in South Korea, but the decision was made as North Korea’s missile capabilities were quickly improving.
Regarding China’s vehement opposition to the deployment of THAAD, Moon said “visible achievements” were to be expected soon as “the issue was reaching the end”, quoted by the lawmakers.
Beijing opposes THAAD because it believes its powerful radar could be used to look inside its territory. South Korea and the US have said it is only to curb North Korea’s missile threats.

Main category: 
South Korea adds extra layer of 2018 Winter Olympics security amid tensions
US President Trump, South Korea’s Moon to meet amid tensions over North Korea
North Korea moving airplanes, boosting defense after US bomber flight -Yonhap

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Ethereum Price Technical Analysis – ETH/USD Back in Bullish Zone

Key Highlights ETH price gained pace and moved above the $300 barrier against the US Dollar. There is a new connecting bullish trend line forming with support at $294 on the hourly chart of ETH/USD (data feed via SimpleFX). The price is currently correcting lower, but remains supported on the downside. Ethereum price is back … Continue reading Ethereum Price Technical Analysis – ETH/USD Back in Bullish Zone

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Ethereum Price Technical Analysis – ETH/USD Back in Bullish Zone

Key Highlights ETH price gained pace and moved above the $300 barrier against the US Dollar. There is a new connecting bullish trend line forming with support at $294 on the hourly chart of ETH/USD (data feed via SimpleFX). The price is currently correcting lower, but remains supported on the downside. Ethereum price is back […]<br />The post Ethereum Price Technical Analysis – ETH/USD Back in Bullish Zone appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.

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SEC ‘Pushing’ for Fiduciary Rule, Clayton Says

Securities and Exchange Commission Chairman Jay Clayton told Senate lawmakers Tuesday that harmonizing a fiduciary rule with the Labor Department is a top priority for him and laid out four steps the agency plans to take on such a harmonized rule. “Are you working with the DOL to harmonize that fiduciary rule so that people […]

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