💵 Today's Crypto Updates: February 12th 📈

Today's Crypto Updates

1. Bitcoin Closes in on $9,000 as Regulatory Fears Peter Out
2. Trevon James, Notorious Promoter Of BitConnect Scam, "Quits" Steemit
3. EU Regulators Caution Consumers Against ‘Highly Risky’ Crypto Investing, Again
4. Black Block Research Issues A BUY Rating For NANO After In-Depth Analysis

Summary Of Today's News:

We may finally be seeing some upward movement on Bitcoin again. Infamous Trevon James "quits" Steemit. EU regulators warn everyone about Cryptos again. NANO gets some good news for once.

1. Bitcoin Closes in on $9,000 as Regulatory Fears Peter Out

Source: https://www.bloomberg.com/news/articles/2018-02-12/bitcoin-closes-in-on-9-000-as-regulatory-fears-peter-out

Key Highlights:

• Bitcoin extended a rebound on Monday as the regulatory concerns that have plagued digital currencies this year showed signs of subsiding.

• Bitcoin climbed 2 percent to $8,720 as of 2:28 p.m. in New York, bouncing back by almost 50 percent since dipping below $6,000 in intraday trading Feb. 6

Crypto Phil's Take:

Very good news and seems like we're moving back in the right direction for good this time. I believe we may see a return to a very bullish market if BTC breaks $10,000.

2. Trevon James, Notorious Promoter Of BitConnect Scam, "Quits" Steemit

Source: https://steemit.com/faceless/@trevonjb/not-posting-anymore

Key Highlights:

• "I’m done posting on steemit. May even power it all down. Faceless losers like @berniesanders flag all my posts with an army of downvoters behind him."

• "You guys will be the death of this blockchain."

Crypto Phil's Take:

A ton of people are mad at this guy after he promoted the BitConnect scam. It seems like he upset some Steemit whales as well, considering every single one of his recent posts has been flagged into oblivion, removing all of the earnings on his posts.

3. EU Regulators Caution Consumers Against ‘Highly Risky’ Crypto Investing, Again

Source: https://cointelegraph.com/news/eu-regulators-caution-consumers-against-highly-risky-crypto-investing-again

Key Highlights:

• The European Supervisory Authorities (ESAs) has warned customers that cryptocurrencies are “highly risky” assets that show “clear signs of a pricing bubble”

• The high risk associated with investing in cryptocurrency, according to the ESAs, means that investors can "lose a large amount, or even all, of the money invested:”

Crypto Phil's Take:

The warning here is to not invest any money that you can't afford to lose. Which is definitely good advice. Comments like this are a prelude to regulation that will eventually come.

4. Black Block Research Issues A BUY Rating For NANO After In-Depth Analysis

Source: https://blackblockresearch.com/

Key Highlights:

• NANO provides near instant, free and scalable transactions. This means it is one of the most likely winners for real world adoption.

• Business developments and partnerships in 2018 which have not been a primary goal of the development team until now, will only help NANO grow.

Crypto Phil's Take:

Despite all the FUD surrounding NANO recently ( Mostly thanks to the original garbage tier exchanges it was originally available on ), NANO may have the most promising fundamentals of any cryptocurrency. Very bullish on this long term.

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