Day: February 3, 2020

Top 3 Unknown Cryptos Outperforming Bitcoin in 2020: ICX, WAN, AION

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Bitcoin (BTC) and large-cap cryptocurrencies have shown significant strength over the past few weeks but traders are also starting to pay attention to smaller cap coins. One of these coins is Icon (ICX), which has surged more than 200% over the past three weeks.  Similarly, WanChain (WAN) and AION (AION) also gained 60% and 120%, therefore an analysis of these coins is warranted. Crypto market daily performance. Source: Coin360 Icon breaks 2-year old downtrend against USD Bitcoin recently broke out of a 7-month downtrend and as this happened many other…

Some Coinbase Users Can’t Withdraw More Than $10 in Bitcoin a Day

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Major United States-based cryptocurrency exchange and wallet service Coinbase is allegedly not letting some users withdraw more than $10 per day. On Feb. 2, a Redditor and self-described Coinbase user reported that Coinbase had put a $10 daily withdrawal limit for some users. The Reddit user, with handle Unholy_Crab1, claims that his subsequent application for higher withdrawal limits was denied by Coinbase. The Redditor has also shared a purported screenshot which shows that the maximum amount of daily withdrawal from Coinbase in Bitcoin (BTC) was $10 for his account. Source:…

French Payment Giants Worldline and Ingenico Merge in $8.6 Billion Deal

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French fintech companies Ingenico and Worldline are set to merge, according to a Feb. 3 press release. The €7.8 billion ($8.6 billion) buyout deal was accepted by shareholders of the companies, both of which had previous exposure to crypto. The merger and significance for shareholders As part of the agreement, Worldline will offer Ingenico shareholders a mixed cash and stock compensation, with a premium of 17 percent over its Monday trading levels. The combined entity will be held primarily by Wordline shareholders, with 65 percent, while the remaining 35 percent…

Aztec Launches Privacy Network on Ethereum

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Aztec has launched its privacy network on ethereum, providing users with what it said is a cost-efficient solution for keeping transactions private. Aztec CEO Thomas Walton-Pocock said in a blog post Friday those using the system will be able to transact with private ethereum-based assets. Using the same zero-knowledge proofs (ZKP) as zcash, the protocol has also launched a privacy software development kit (SDK) that allows users to mint their own private assets. Initially available with dai, Aztec plan to add support for other ethereum-based assets over the next six…

Why I’m Joining Cointelegraph Magazine as Managing Editor

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Over 4,400 people responded to a poll created by Nathaniel Whittemore on Twitter last week, explaining what they did before becoming involved in cryptocurrency. A guy who designed helicopter manufacturing processes. A plumber. A prison inmate. A nutritionist. Someone described a group of surgeons who brought a fund to life; someone else pointed out that the industry was flush with professional poker players. There was a yacht captain, a racehorse trainer, a student hustler, a taxidermist, someone who ran refugee centers in Greece. Many of these people dropped everything to…

Price Analysis Feb 3: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ADA, XTZ

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As the sentiment in the Bitcoin and cryptocurrency markets has turned positive, this dip should be viewed as a buying opportunity. The recovery in cryptocurrency prices has ignited interest among institutional investors. In 2019, dedicated crypto funds returned more than 16% according to Eurekahedge while traditional hedge fund strategies returned 10.4% according to Hedge Fund Research, Inc. Several hedge funds and large trading firms use speed to their advantage by benefitting from pricing inefficiencies.  Others profit from the spreads between bids and offers. While such entrants will improve the liquidity…

Bitcoin Gets Its Own Emoji on Twitter; Crypto Community Celebrates 

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Major microblogging platform, Twitter, recently added the bitcoin emoji on its platform, which appears after a hashtag and the word ‘bitcoin’. The inclusion of a bitcoin emoji saw the crypto community on Twitter burst with excitement, with many praising the platform’s CEO and co-founder, Jack Dorsey, as a true bitcoin supporter.   Bitcoin Emoji Now on Twitter Per a report on Coindesk on Sunday, February 2, 2020, Jack Dorsey, the CEO of Twitter and mobile payments company, Square, revealed via a tweet the appearance of the bright yellow bitcoin symbol just…

US Marshals Will Auction $40M in Bitcoin This Month

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The U.S. Marshals Service is auctioning nearly $40 million in bitcoin, the first such auction since the end of 2018. The Marshals will auction “approximately” 4,040 bitcoin, worth $37.7 million at press time, according to CoinDesk’s Bitcoin Price Index, to registered bidders on Feb. 18, the press release said. Potential bidders must register by Feb. 12. “The auction will take place during a six-hour period Feb. 18. Bids will be accepted by email from pre-registered bidders only,” the release said. Bidders will also be required to make a $200,000 deposit…

Liechtenstein-Based Startup to Issue Tokens Pegged to Value of Collectible Cars

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Investment platform CurioInvest and Seychelles-based digital asset exchange MERJ Exchange Ltd. will jointly begin offering a token backed by collector luxury cars. The so-called Car Token (CT1) token is set to be pegged to the value of collectible cars giving more people a chance to have a fraction of an asset, BNN Bloomberg reported on Jan. 30. Historically safe havens? The company stipulated that the attractiveness of the token also lies in the fact that the value of such goods continues to appreciate. “When you look at fine art, collectible…