I Cover News In The Following Order :
- BTC Price Update
- Crypto News
- Twitter Updates
Bitcoin Price Update:
There is a possible Head and shoulders formation, so a breakout is likely. The green box as I've mentioned earlier is just a good Buy zone if you're looking to add positions.
NEWS
1)CryptoCelebs: Famous people who’ve bought the cryptocurrency craze:
Cryptocurrencies are the latest craze sweeping the world, and it’s not just average Joes dropping their life savings for a piece of the action. Some of the most popular people in the world have used their money, celebrity, and immense social media followings to invest in or endorse cryptocurrency-based businesses and services.
A lot of the celebrity support for cryptocurrencies revolves around the Initial Coin Offerings (ICO) the cryptocurrency startups create. An ICO is a fundraising event where a cryptocurrency sells a percentage of that currency, in the form of tokens, to people in exchange for money to help get the cryptocurrency off the ground. A few words of praise from certain celebrities have helped numerous cryptocurrencies earn millions of dollars in funding.
The most notable names in the space being 50 Cent, Nas,Ashton Kutcher, Katy perry
Source: https://www.digitaltrends.com/computing/celebrity-cryptocurrency-endorsements-bitcoin-ethereum/
2)Binance Vs. McAfee: Hack Rumors Controversy:
John McAfee, a security expert and a well-known public figure in the cryptocurrency space, continued to fuel controversy around Binance and rumors of hacking attacks, showing screenshots that circulated on various social media platforms.
“I received dozens similar from a variety of sources. I'm not saying there was a hack. I'm merely asking for clarification. If a hack did happen and we are not immediately pursuing it, then the chances of recovery go to zero within 24 hours,” McAfee stated
Its been resolved
Source: https://cointelegraph.com/news/binance-vs-mcafee-hack-rumors-refuted-cryptocurrency-trading-resumed
3)Crypto ‘Unlikely To Disappear’, Says Internal Report Attributed To J.P. Morgan::
3)The Bear Cycle is coming to an end
Despite Bitcoin’s recent and sharp correction, Morehead thinks everything is ultimately right on track. Using history as an indicator, he claims Bitcoin’s severe drop in price is actually totally normal. Additionally, he predicts Bitcoin will start rising in the next couple of weeks
Aside from sharing his expectations that Bitcoin and the cryptocurrency market will start to climb by the end of February, Morehead additionally explained that institutional investors have barely even gotten involved in the market – leaving plenty of room for expansion. He explained:
There’s such an institutional appetite to get exposure to this. It’s a half a trillion dollar asset class that nobody owns. That’s a pretty wild circumstance. And it’s also only got a 0.1 percent correlation to the rest of the financial markets… And Bitcoin is still so under owned by institutional investors that it trades kind of at its own beat.
Source: http://bitcoinist.com/pantera-capital-ceo-bitcoin-bear-market-almost-over/
4)Is Darknet Done With Bitcoin?:
The backlogged queue on the Bitcoin network was making it difficult for some individuals in the underworld to conduct their business. This users transaction was logged so far back in the queue that it took several days for it to become verified. To combat double-spending attacks, most vendors on the Darknet adopted a rule requiring three confirmations before treating transactions as complete. Because a transaction cannot be complete until the payment has been confirmed, this user was effectively frozen out of conducting his “business.”
Although he was worried he would “miss out on this Christmas season,” his Christmas miracle was about to occur. To combat, the exuberant transaction fees that were increasing daily, vendors began accepting alternative payment options. The study found that Litecoin was the second most popular currency with 30 percent of all vendors accepting LTC, and Dash the third most popular currency, with 20 percent of all vendors accepting DASH.
Source: https://cointelegraph.com/news/is-darknet-done-with-bitcoin
IMO: Bitcoin only consists nearly 1% of all of the worlds money laundering in the world + its qite trackable so they should be using Monero or any other privacy coins.
5)A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai
Two entrepreneurs from the UK - the founder of the Ultimo lingerie brand baroness Michelle Mone and her billionaire partner Douglas Barrowman - have sold 50 luxury apartments in Dubai that they originally promised to put on offer for Bitcoin last September, according to a report published by Business Insider Feb. 10.
The $325 mln luxury development Aston Plaza and Residences was launched in Dubai in September 2017 and is set to be completed by 2020. Upon the announcement of the project, Mone and Barrowman promised to offer 150 out of the 1,300 apartments that comprise ‘Aston’ for Bitcoin.
By February, 50 of those apartments have already been sold, the two entrepreneurs told Business Insider. Michelle Mone added that some of the buyers purchased two apartments each, and one person bought as many as ten.
TWITTER UPDATES:
Not a lot in the news so heres a nice cartoon:
Don't fall for dubious ICO scams, very carefully a do intensive research before investing.
Thankyou
I post daily content, so here's yesterdays news update if you missed that : https://steemit.com/altcoinbuzz/@steemaze/crypto-news-market-recovery-berkley-into-crypto-forbes-crypto-list-novogratz-s-crypto-bank-power-ledger-internxt-binance-drama
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