Prominent Muslim scholars and financial advisors released a white paper declaring Ethereum halal, or permissible, according to Islamic Sharia law. The clarity for Muslim purchasers may stimulate additional demand for Ether.
source :
https://cryptoslate.com/ethereum-halal-muslim-scholars-eth-demandi hope this news will be good for eth price, and make the price grow more than $200 again
This is is great new for Ethereum and can be potentially of huge proportions, considering that "there are 1.8 billion Muslim adherents around the globe this decision could have material ramifications on the demand for ETH."
Hopefully this is true and more people be aware of this news, starting with this post.
Well, it is meant to serve as great news, but we have to look at the proportion of people that where available then when it was declared permissible, if the decision was just between 10 or 50 people, I dont see in any way this can affect Ethereum value without us still making lots of awareness, it is fine that it has been declared permissible, but there is still lots of works to be done by Ethereum in this area.
Ethereum needs to make their platform very safe and stop scaring people away from the cryptocurrency market. Imagine that after declaring it permissible, a Muslim fellow comes to check it out, and only to find out on news that most of the projects are scam, there is need for reduction in the level of bad news that is being circulated round the internet.