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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