2 minutes reading time (441 words)

Daily Dose: Going Once, Going Twice...

Bitcoin wasn't able to recover and is still within range in the daily. Price is in the red as of this time and is looking to break around $9,100 as selling pressure continues. A closer look in the 4H chart shows that price is about to break below the 50 MA. With this price action, there's a possibility BTC could go $9,100 - $9,000 for support. Signs of invalidation of the selloff is around $9,500. Lastly, it is worth noting that $9,600 - $9,800 level is also an interesting level as it is a key resistance in the weekly chart.

Global market cap is at $258B, while BTC's market cap is at $168B.

The US Marshals Service (USMS) will auction off approximately 4,040 bitcoin to registered bidders on Feb. 18. The bitcoin will be sold in four lots, with 2,500, 1,000, 500, and 40.54069820 bitcoin each, with the first three lots being split up into blocks, each with a set number of BTC. Potential bidders must register the week before and must deposit at least $200,000 before being able to bid - participants who do not win their bids will receive their funds back.

The bitcoin to be auctioned off comes from more than 50 administrative forfeitures and legal cases, according to the Marshal's website. If they had not sold the Bitcoins they have confiscated since 2013 instead of selling them immediately, they would actually be sitting on over $500,000,000 today.

The Monetary Authority of Singapore (MAS) has cleared iSTOX for full operations. According the ICHX Rech, iSTOX is going to be the first securities token platform licensed as a capital markets provider. The platform will provide institutional investors with issuance, custody, and trading services for digitized securities.

BitPay will be adding support for more cryptocurrencies soon, along with a possible Lightning Network Integration, as revealed by their CEO Stephen Pair. While Pair did not disclose which cryptos are going to be added next, he mentioned that "you can look at CoinMarketCap to see all the top blockchains and come up with good guesses in what we are interested in." He further added "We are looking at cryptocurrencies that have adoption, and work well for payments."

BitPay accepts Bitcoin (BTC), Bitcoin cash (BCH), Ethereum (ETH), and most recently Ripple (XRP), and also supports 3 stablecoins - USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX).

This Daily Dose was brought to you by SCI News Channel.

Related Posts


Comments (0)

Rated 0 out of 5 based on 0 voters
There are no comments posted here yet

Leave your comments

  1. Posting comment as a guest. Sign up or login to your account.
Rate this post:
Attachments (0 / 3)
Share Your Location