1 BTC - USD Hits 1,120 and Continue Rising for the coming USA SEC ETF Decision March 11

Bitcoin hit 1,120 USD. Source: Blockchain

Friday, February 24, 2017 11:30 PM UTC +8GMT

BTC/USD hit an all-time high of 1220 level on Friday and is currently trading at 1209 levels at the time of writing (Bitstamp).

Philippine Peso - BTC Exchange rates : ₱60,277.64

Coins.ph exchange rate:  Buy: ₱60,737 PHP | Sell: ₱58,875 PHP

Buybitcoin  rate:  Buy: ₱61,581 PHP | Sell: ₱58,529 PHP

The recent upswing is possibly being driven by the upcoming decision on bitcoin ETF by the US Securities and Exchange Commission (SEC). Traders seem to be largely bullish on the bitcoin ETF getting the approval, CoinDesk reported. The SEC has until March 11,2017 to approve or disapprove the ETF.

According to Bloomberg, President Trump’s policy uncertainties might be the reason behind the recent rally. It explains that investors are looking to hedge against potential global uncertainty in the wake of President Trump’s policies and are speculating relaxation of digital currency regulations under his leadership.

On the upside, the pair will now run into resistance at 1245 (127.2% retracement of 1139.89 and 751.34) and a break above would see it testing 1280 (113% extension of 751.34 and 12.20)/1347.

Momentum studies remain bullish. Any dips could be taken as an opportunity to go long. However, caution is advised as RSI and stochs are in the overbought zone.

On the flipside, support is seen at 1200 (psychological) any violation would drag it to 1140 (trend line joining 941.81 and 1074.69)/ 1115 (5-DMA). A break below 5-DMA could see further weakness in the pair.

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Visit the BitMiner website https://bitminer.io/ as shown below then input your bitcoin address at the space provided (llabe 1) then clikc start mining then leave it. After a week, it is withdraw time and get your FREE $5USD without spending anything. Please note down your exact bitcoin address and save it in a safe place as you need it next time you visit your bitcoin miner to make withdrawal.

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Current exchange rate for 1 BTC to USD is $1,1888 or check Google echange rate for updates

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Senator Leila de Lima Arrested for Accusation of Orchestrating a Drug-trafficking ring for 5 years During her Term as Justice Minister

Senator Leila de Lima with her political party supporters inside her office before the arrest  

Senator Leila de Lima Arrested for Accusation of Orchestrating a drug-trafficking ring for 5 years

Senator Leila de Lima a staunch critic of President Rodrigo Duterte's war on drugs has been arrested by law enforcement agents after charges were filed in court alleging that she received money from drug dealers inside the Bilibid, the country's largest prisoner’s compound.

Senator Leila de Lima is accused of orchestrating a drug-trafficking ring when she was justice secretary during the 2010-2015 administration of Benigno Aquino.

"The truth will come out and I will achieve justice. I am innocent," she told reporters shortly before law enforcers escorted her away from her office on Friday.

De Lima, her former driver. lover and bodyguard and a former national prison official were ordered to be arrested by a local court on Thursday after a judge found merit in criminal charges filed by the Department of Justice last week.

De Lima has denied the charges, calling herself a victim of political persecution and saying that she has long prepared herself to be the first "political prisoner" under the Duterte administration.

Senator Leila de Lima Arrested and heading the Police office with police escort 

"While the issuance of the warrant of arrest is questionable, I do not have any plans to evade it," she said, calling the order premature as the court has yet to hear the response from her lawyers.

She slept in her Senate office overnight then gave herself up to armed officers in flak jackets who put her in a van and drove into morning rush-hour traffic apparently towards police headquarters.

Duterte, 71, won a presidential election last year after promising during the campaign to eradicate drugs in society by killing tens of thousands of people.

Since his inauguration on June 30, an anti-drug drive has seen more than 7,000 people killed over suspected drug links - with about 60 percent of the deaths carried out by unknown assassins.

De Lima has previously called for foreign intervention to put an end to the "state-inspired" extrajudicial murders, which she said have been instigated by Duterte since his election to power.

De Lima also led a series of Senate investigations over allegations that police officers were involved in the killings, and that hired killers were operating under orders from police.

Aries Arugay, associate professor of political science at the University of the Philippines-Diliman, told Al Jazeera that the senator will use her detention to highlight the president's controversial policies.  

"Senator de Lima has been taunting the Duterte administration to arrest her for months. She boldly says she is its fiercest critic … What is happening right now is she is really using this as her platform for her own politics," Aurgay said.

'Shame on you'

Senator Leila de Lima  taking her mugshot at the police office

Meanwhile, De Lima's detractors were jubilant over the news of her arrest.

Blogger and Movie and Television Review and Classification Board Member Mocha Uson, who is a "diehard" supporter of Duterte, said once the charges are proven, no one will stand with De Lima.

Meanwhile, political analyst and fervent Duterte supporter Sass Sasot, criticized De Lima for her rancorous reaction to the arrest warrant. I miss the time when Gloria was arrested.

"Naka upo lang si madame, enduring everything, dignity in silence. Itong si Leila kulang na lang bumuga ng apoy."

Finally, former Sen. Jinggoy Estrada — who is currently facing plunder charges filed by then-Justice Secretary De Lima in relation to alleged misuse of his "pork barrel" fund — slammed De Lima for not surrendering directly to authorities.

"We surrendered even before the warrant of arrest was served. We went to Crame immediately. Can't you do the same? Shame on you," Estrada said in a Facebook post. - With report from CNN and Aljazeera

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