Some Coinbase users can't withdraw more than $10 in Bitcoin a day...
One week in review:
Feb. 3–9 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 hits $10,000 for the first time in 2020 | | | Bitcoin has reached five figures for the first time since last October. According to Coin360, BTC is up by more than 40% year to date — 8.3% over the past week. But as the world's biggest cryptocurrency returns to five figures, some believe there's increasing potential for Bitcoin to lose value in the short term. Alameda Research co-founder Sam Bankman-Fried believes BTC may only continue appreciating if the coronavirus crisis worsens — and predicts it will slip back to $6,800 without "continued unrest." Have global events been responsible for Bitcoin's remarkable start to 2020? | | #2. Some Coinbase users can't withdraw more than $10 in Bitcoin a day | | | Now, here's a mysterious tale. Some users of Coinbase are apparently not allowed to withdraw more than $10 a day. One Redditor said he had been subject to the limit, and that the company had denied his request to have it raised. Some of those who replied to the thread predicted that further restrictions could follow if crypto prices reach an all-time high. | | #3. Tron founder Justin Sun finally met with Warren Buffett for charity lunch | | | Tron founder and CEO Justin Sun has finally had his charity lunch with billionaire Warren Buffett. Back in June, Sun had won an auction for the honor on eBay with a bid of $4.5 million — a record. However, the buffet with Buffett was pushed back by Sun due to medical reasons. After the pair broke bread in Nebraska, Sun said he was grateful for Buffett's "wisdom and vision." He added: "I'll always remember his kindness and support and will take Mr. Buffett's advice and guidance to make Tron a better ecosystem, business with all the partners in the blockchain space and beyond." | | #4. Prediction of the Week Bitcoin price may hit $27,000 all-time high by summer, predicts Tom Lee | | | Fundstrat Global Advisors co-founder Tom Lee believes Bitcoin's best days are ahead. He told Yahoo Finance that he is "really optimistic" about the cryptocurrency's short-term potential — primarily because it has gone back above its 200-day moving average. Lee claimed that this usually signals the return of a bull market, adding: "Whenever Bitcoin breaks back into its 200-day, its average six-month gain is 197%." | | #5. FUD of the Week Unknown number of major league baseball players lured into crypto Ponzi scheme | | | Two men have been charged over an alleged crypto Ponzi scheme that duped an unknown number of investors — including professional basketball players. John Michael Caruso and Zachary Salter are accused of wooing their victims by posting about their supposed luxurious lifestyles on social media. Forensic accountants believe none of the money taken from investors was actually invested in cryptocurrency. Instead, $350,000 was spent on luxury car rentals, and the pair are said to have lost $830,000 during a 134-hour gambling spree at casinos in Las Vegas. | | #6. FUD of the Week Craig Wright accused of confusing trial proceedings | | | The counsel for the estate of Dave Kleiman has accused self-proclaimed Bitcoin inventor Craig Wright of abusing attorney-client privilege to withhold documents and confuse trial proceedings. The long-running case relates to allegations that Wright misappropriated more than 1 million BTC that the pair had mined together between 2009 and 2013. | | Feel free to explore the most important news with Hodler's Digest by Thomas Simms:
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