Bitcoin’s Bullish Battle, Ethereum 2.0, BCH Faces ‘Slow Death’, & Other News

Bitcoin will surge to $400,000 — Max Keiser quadruples BTC forecast... 

View this email in your browser One week in review:  Feb. 17–23 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: #1. Bitcoin Cash faces "slow death" after alleged $30 million hack — commentator A major Bitcoin Cash investor claimed that he lost a total of $45 million in a wallet hack this week — two-thirds of which was in BCH. In a now-deleted Reddit post, DreamHost Founder Josh Jones appeared to suggest that his SIM card had been compromised — and he promised big rewards if miners prevented the transactions from being validated. Dovey Wan, founding partner at Primitive Ventures, described the attack as "really brutal" and criticized Jones for keeping millions of dollars in crypto on his smartphone. Read more #2. Vitalik Buterin reveals Ethereum 2.0 roadmap to Cointelegraph At the Stanford Blockchain Conference, Ethereum's co-founder revealed that this year's major development will be the launch of Phase 0, with a proof-of-stake network set to come online later in 2020. From here, Ethereum 2.0 will begin life as an independent PoS network so it can prove its capabilities over time. "Ethereum 2.0 will start with no applications and will have a small number of validators," Buterin said. It is hoped that subsequent phases would help tackle scalability issues. Read more #3. Binance CEO Changpeng Zhao says Bitcoin halving is not priced in yet The founder and CEO of Binance has predicted that BTC will see more upwards movement in the future. Although he admitted that historic events aren't always an accurate indicator, Zhao pointed out that miners will soon have to spend almost two times as much to mine a single coin. Despite his optimistic outlook, CZ expects resistance to remain in the short term. He added: "There are psychological barriers around nice round numbers. The price will fluctuate back and forth around that a bit." Read more #4. Prediction of the Week Bitcoin will surge to $400,000 — Max Keiser quadruples BTC forecast Despite being made eight years ago, Max Keiser's prediction that BTC will hit $100,000 has never been achieved. Nonetheless, the TV host believes this estimate is too conservative — prompting him to quadruple it to $400,000. Unfazed by short-term levels of volatility, Keiser told Infowars's Alex Jones: "The good news… is that Bitcoin at $10,000 or $9,300 is equally as attractive as it was when it was $100." He hasn't named a specific timeframe for this target to be met, but forecasting returns of up to 40 times makes Keiser more bullish than even the best-known crypto advocates. Read more #5. FUD of the Week Irish drug dealer tells police that keys to $56 million in confiscated BTC are lost A court in Ireland has suffered a setback in its attempts to confiscate Bitcoin worth $56 million from a man recently imprisoned for drug trafficking. Clifton Collins, from Dublin, says the private keys to the crypto fortune are gone. Reports suggest Collins had distributed his 6,000 BTC across 12 wallets — printing out the keys on a piece of paper stored in his fishing rod case. Following his arrest in 2017, the landlord of his rented home in County Galway ordered a clearout — and it seems the fishing rod was thrown away. Collins appears to be taking the news of the loss in his stride, describing it as a punishment for his own stupidity. Read more #6. FUD of the Week Ripple CEO Brad Garlinghouse tells banks that "crypto is not a bad word" Brad Garlinghouse has revealed that he is on a mission to tell bankers how crypto can solve real-world problems while remaining compliant. Ripple's CEO says someone at the World Economic Forum in Davos recently told him that "crypto is still a bad word" — but the entrepreneur says regulators "very quickly become disarmed" when they realize the assets aren't being used to circumvent existing frameworks. Read more Feel free to explore the most important news with Hodler's Digest by Thomas Simms:   Read more 1.5 mln people follow us on social media Download our official app:

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Tom Lee: Bitcoin will beat Dow Jones to 40,000, & Other News

Bitcoin price drop nets Bitfinex "whale" $10 million in five minutes... 

View this email in your browser One week in review:  Feb. 10–16 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: #1. Bitcoin price drop nets Bitfinex "whale" $10 million in five minutes Bitcoin's struggle to maintain $10,000 has been an ongoing theme this week. The world's biggest cryptocurrency was surging toward $10,500 on Thursday but faced rejection at this level and dropped suddenly by over $300. It was the second time in a week that BTC had failed to crack this resistance level. Many analysts believed BTC was due to have a correction following its recent (and impressive) multi-week rally. Only two months ago, BTC/USD stood at $6,560. Read more #2. U.S. Treasury Secretary promises "significant new requirements" on cryptocurrency Steven Mnuchin has told the U.S. Senate that the Financial Crimes Enforcement Network will soon roll out "significant new requirements" that will target cryptocurrencies. Although the Treasury Secretary said he's keen to see the technology move forward, he warned that action must be taken "to make sure cryptocurrencies aren't used for the equivalent of old Swiss secret number bank accounts." Read more #3. A mailbomber in the Netherlands wants a BTC payment to stop blowing things up Two letter bombs have exploded in the Netherlands, with an anonymous criminal demanding a payment in Bitcoin to prevent future attacks. Dutch police say no one was injured in the bombings, but each package was accompanied with a demand for crypto. The first letter bomb went off moments after a mailroom worker tossed away the package because they heard a hissing sound. Police are now investigating both incidents but have not disclosed how much BTC the attacker wanted. Read more #4. Prediction of the Week Tom Lee: Bitcoin will beat Dow Jones to 40,000 Fundstrat Global Advisors co-founder Tom Lee has predicted that Bitcoin will hit $40,000 before the Dow Jones index reaches 40,000 points. It came days after the infamous BTC bull said the crypto's price would balloon to $27,000 in six months after breaking its 200-day moving average. At the time of writing, the Dow stood at 29,398 — not far off the all-time highs recorded earlier in the week. Read more #5. FUD of the Week Authorities arrest Ohio man for laundering $300 million in crypto on the dark web A man in Ohio has been accused of laundering hundreds of millions of dollars in proceeds from illicit narcotics sales for darknet users around the world. Larry Harmon, 36, reportedly started Helix — the illegal business said to be behind the financial crimes — in 2014. The Department of Justice said: "Helix functioned as a Bitcoin 'mixer' or 'tumbler,' allowing customers, for a fee, to send Bitcoin to designated recipients in a manner that was designed to conceal the source or owner of the Bitcoin." Harmon's company is accused of transferring more than 350,000 BTC — worth $300 million at the time — and has been taken into custody. Read more #6. FUD of the Week Anthony "Pomp" Pompliano suspended from Twitter… for an hour There was a flurry of confusion concerning crypto on Twitter earlier this week when the account of Morgan Creek Digital co-founder Anthony "Pomp" Pompliano was randomly suspended, only to be reinstated within a matter of hours. Speculation as to how he had fallen afoul of Twitter rules quickly began to spread. Earlier in the day, Pompliano had used a viral tweet attacking Donald Trump as a vehicle to advertise his podcast — with some Twitter users suggesting that the social network might have taken a dim view toward this self-promotion. Read more Feel free to explore the most important news with Hodler's Digest by Thomas Simms:   Read more 1.5 mln people follow us on social media Download our official app:

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