Home Market Headlines Weekly roundup Feb. 18 – Feb. 22

Weekly roundup Feb. 18 – Feb. 22

Bitcoin perked up this week showing slightly more life than previous weeks. News headlines also included an array of legal and commercial topics, including crypto Twitter tipping and another unregistered ICO’s SEC dealings.

In the bitcoin category

According to CoinMarketCap data, bitcoin saw a nice rally from about $3,700 up to over $3,990 at some points. At the time of this writing, bitcoin sits around $3,990 looking to possibly make a run at $4,000.

Is there substance behind bitcoin’s rally?

On Monday, bitcoin consolidated after a fairly convincing move upward in price. Price appeared as though it was in the middle of a standard Elliot Wave pattern. The Bollinger Bands also hinted toward possible volatility.

An interesting article from NewsBTC made a reasonable correlation between a rise in Asian stock market prices, and the crypto markets, possibly due to a positive tweet from President Trump regarding dealings with China.

Read on Crypto Insider

A few parameters from the FBI for avoiding ICO scams

The public has seen many initial coin offering (ICO) scams, difficulties and legal proceedings over the past year or so. In light of the possible risks associated, the Federal Bureau of Investigation’s (FBI) Steven M. D’Antuono gave a few guidelines on navigating the ICO space in an interview with the Paypers media outlet.

Distinguishing a suspicious ICO from a legitimate one can be tough. D’Antuono mentioned a few commonalities among fraudulent ICOs include misrepresented team experience and likely rate of return on investment, as well as other aspects. He also said it is important for potential investors to conduct their own research regarding ICO teams, locations, promoters, etc.

Read on Crypto Insider

Crypto tipping now available on Twitter

This week saw coverage of Twitter’s new crypto tipping ability. Twitter users can now send tips via cryptocurrency using a new Chrome extension called Tippin.me. The extension makes use of the Lightning Network.

Tippin.me gives users a “simple web custodial wallet to receive and manage Bitcoins through Lightning Network […] Right now, it only allows you to receive and cashout Lightning Payments; however, there are a lot of features in the roadmap if this gets traction: integration with merchants, better wallet functionality, etc.,” the project stated on its website.

The above is to be considered opinion and not investment advice in any way, as an unbiased media, no one interferes with the Editorial content of CryptoInsider.com, writers have freedom to choose their own direction, members of Crypto Insider do not participate in trades based on content.

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BTC: 1HozPdTTJahPigLXwMShErhubZLobBhFPL
ETH: 0xDf4d2529D777a80717E85Ed2269830ad6265951B
LTC: LMT3LCbCSvActkVo4dgzbHjn1HPrCgKch2
BCH: 17sFsLgZq9jibtqi5Bo5SiUcCD4TG8RQwE

Benjamin Pirus
Benjamin Pirus
BJ is a full time writer, editor, and trader in the cryptocurrency space. He has written many professional articles for numerous ICOs, news sites, and other interested parties in the crypto space. He is also a trader, staying up to date with the crypto markets constantly, and dabbling in traditional financial market trading occasionally.

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