🗞 Daily Crypto News, February, 6th💰

• F1 Team Gets Crypto Sponsor, Dubai Royal Invests in Digital Assets Fund ;
• Winklevoss Exchange Gemini Shuts Down Accounts Over Stablecoin Redemptions ;
• East to West: Huobi Launches US Dollar Gateway for Global Crypto Traders ;
• Philippines Announces New Cryptocurrency Regulations ;
• Bitcoin Community Celebrates as Twitter CEO Joins Lightning Network Relay ;
• 📑 Daily Crypto Calendar, February, 6th 💰
• STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Invests in Digital Assets Fund

Cryptocurrency venture Futurocoin has announced it’s signed a two-year deal to partner the Aston Martin Red Bull Racing Formula One (F1) team. According to the deal, the company’s branding will be featured on the RB15 F1 cars driven by Max Verstappen and Pierre Gasly, and its logo will also be seen on the drivers’ overalls and the team transporters.

“In recent years, the rise of blockchain technology and cryptocurrencies has been truly remarkable, and we’re delighted to be the first Formula One team to embrace this, through our partnership with Futurocoin,” said Aston Martin Red Bull Racing Team Principal, Christian Horner. “Secure digital currencies are on the leading edge of technological development and we are very excited to be part of this revolution.”

🗞 Winklevoss Exchange Gemini Shuts Down Accounts Over Stablecoin Redemptions

Two over-the-counter trading desks say their accounts at Gemini, the crypto exchange founded by U.S. investors Cameron and Tyler Winklevoss, were abruptly closed without explanation over attempts to redeem GUSD, the company’s stablecoin first introduced in September.

The claims leveled against Gemini by the OTC desks, relayed under anonymity due to fears of reputational damage, hint at the business practices developing within the stablecoin market itself, now estimated to be worth nearly $3 billion.

In one instance, email correspondence obtained by CoinDesk shows an OTC trader based in Latin America had his account closed after he informed Gemini that he planned to redeem several million dollars of GUSD. (A major cryptocurrency exchange, speaking on condition of anonymity, attested to the desk’s professionalism and reported that it was in good standing.)

🗞 East to West: Huobi Launches US Dollar Gateway for Global Crypto Traders

In 2019, the Singapore-based exchange conglomerate Huobi Group is prioritizing Wall Street partnerships for the first time.

Since it was founded six years ago, Huobi Group has come to dominate several global crypto exchange markets, thanks in part to its popularity among deep-pocketed Chinese traders. According to company officials, Huobi Group has managed $1 trillion in accumulative turnover, or annual net sales.

Now the U.S.-based sister exchange HBUS – a separate entity primarily funded by Huobi Global CEO Leon Li – is leveraging its global network for an unprecedented push into North America that’s beginning with a partnership with Prime Trust, a Nevada trust company, that will provide fiat deposit and withdrawal services for its exchange users.

🗞 Philippines Announces New Cryptocurrency Regulations

The Philippines has announced new regulations to govern crypto assets. According to the Cagayan Economic Zone Authority (Ceza), a government regulator, the new regulations cover areas around the acquisition of cryptocurrencies, including utility and security tokens. The aim is to effectively regulate the crypto industry while safeguarding investor interests and promoting innovation, Ceza explained.

🗞 Bitcoin Community Celebrates as Twitter CEO Joins Lightning Network Relay

Twitter co-founder and CEO Jack Dorsey has joined a community project demonstrating the functionality of Bitcoin’s (BTC) second-layer scaling protocol, the Lightning Network (LN), on Feb. 5.

Dorsey, who has repeatedly pledged his faith in Bitcoin becoming the de facto currency of the internet, is now participating in an experiment dubbed LN Trust Chain, a chain of transactions on the LN that began circulating Jan. 19.

Based on the concept of the Olympic flame, the “Lightning Torch” is a series of transactions between users of the Lightning Network, with participants communicating on Twitter with the hashtag #LNtrustchain. Each user receives the transaction, adds a nominal amount of 10,000 satoshis (about $0.34) and passes it to someone else they trust.

📑 Daily Crypto Calendar, February, 6th 💰

• Litecoin Cash (LCC)

HIVE Activation

• XTRD (XTRD)

XTRD CTO, Serg Gulko, speaks at Futures of Crypto in NYC.

• Upfiring (UFR)

Application and file sharing platform released.

• BitTube (TUBE)

"The next fork will happen at block height 268000 on 7th of February.. There will be a second fork 720 blocks 1 day later."

• IoTeX (IOTX)

IoTeX News Digest YouTube Campaign EP28 from Sunday, February 3, 3AM PST — Wednesday, February 6, 3AM PST.

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

The STEEM is consolidating after the fail of the resistance break. You can see clearly on the chart that we tried to break the resistance line in orange but we failed and that fail created the correction that we are having now. The last candles are becoming very small and so we don't have anymore any volatility. A Break Out is imminent also on the BTC. Expect a big move on the STEEM when the BTC will start. I bet that one of the 2 lines will be broken during that move. Let's hope it will be the orange one and not the red one. Let's see, we will know it very quickly now.

Last Updates

• 🗞 Daily Crypto News, February, 5th💰
• 🗞 Daily Crypto News, February, 4th💰
• 🗞 Daily Crypto News, February, 2nd💰
• 🗞 Daily Crypto News, February, 1st💰
• 🗞 Daily Crypto News, January, 31st💰
• 🗞 Daily Crypto News, January, 30th💰
• 🗞 Daily Crypto News, January, 29th💰
• 🗞 Daily Crypto News, January, 28th💰

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