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Has The Crypto Market Bottomed After Bitcoin’s 50% Collapse?

Bitcoin and the rest of the crypto market didn’t have the best second half of 2019. Per data from TradingView, the aggregate value of all publicly-traded digital assets fell from $388 billion to a low of $166 billion — a drop of nearly 60%. While this metric has been a clear downtrend for the past seven months (save for the past week), analysts are saying that there is a confluence of signs suggesting the bottom is finally in for crypto assets across the board, especially Bitcoin. Related Reading: Watch Out, This…

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This Analysis Suggests Bitcoin’s Price May Plunge 50% to the $3,000s, Again

Over the past month, Bitcoin (BTC) has absolutely exploded higher. In fact, the cryptocurrency is up around 40% since the low of $6,400 put in during December of last year. While many analysts have said that this jaw-dropping rally constitutes a macro reversal that will thrust BTC back into a decisively bullish phase, an analysis recently showed that the recent price action in the crypto market is eerily reminiscent of that seen prior to the 50% decline at the end of 2018. Related Reading: Watch Out, This New Bitcoin Scam Is…

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Crypto Tidbits: Bitcoin Hits $9,000, Institutional Cryptocurrency Investment Spikes, NBA Team Uses Ethereum

Another week, another round of Crypto Tidbits. The past seven days have been quite, quite exciting for Bitcoin and its ilk. Per data from Coin360, BTC has gained 11% in the past week, rallying as high as $9,000 as buyers have stepped in en-masse. While already impressive in and of itself, what has been especially interesting is the performance of altcoins, which have largely outpaced Bitcoin for the first time in a while. Ethereum gained 22%, surging to multi-month highs on the back of positive news and an influx of buying…

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Analysts Are Optimistic After Bitcoin Just Plunged by 3%: Here’s Why

Just minutes ago as of the time of writing this article, Bitcoin (BTC) plunged 3% within a few minutes’ time, falling from $8,750 to as low as $8,460 in a short time period. On some exchanges, this marked a new low for the day’s price action, traditionally a bearish sign. Despite this 3% drop, analysts are saying that this move may actually be more bullish than bearish, for BTC managed to bounce back to $8,650 just minutes after the plunge as shown in the above chart took place. Related Reading: Research…

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Massive $100m Bitcoin Selling Pressure: Here Are Levels to Watch After the Violent Drop

Overnight Bitcoin (BTC) faced a violent rejection that caused its price to plummet to the lower boundary of an ascending channel it has established over the past several weeks. This rejection has shifted the overall market sentiment and has led many previously euphoric bulls to grow increasingly bearish. It is important to note that the strength of this latest selloff may spell trouble for Bitcoin, as it was driven by nine-figure volume in a single 10-minute candle, suggesting that bears have underlying strength in spite of their recent weakness. Bitcoin…

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An In-Depth Look at the Multi-Currency Cold Storage Card Ballet

Last September, Bobby Lee, the former CEO of China’s first cryptocurrency exchange BTCC revealed his new business venture Ballet, a non-electronic crypto wallet solution that offers multi-currency support. During the North American Bitcoin Conference Miami, all the attendees got a single Ballet crypto card and news.Bitcoin.com decided to test the product to show our readers how it works. Our newsdesk also spoke with Bobby Lee during the event and he explained that he leveraged his prior experience working as a coin maker for BTCC’s physical bitcoin mint and he’s extremely…

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Peter Schiff Forgets Bitcoin Wallet Password, Blames Bitcoin

Peter Schiff hates Bitcoin almost as much as bitcoiners hate Schiff. The gold bug makes a point of dissing the cryptocurrency whenever he can, despite the hypocrisy of accepting BTC on his own website. Today, the eccentric entrepreneur found a new reason to rip on bitcoin after forgetting his wallet password – and apparently Bitcoin is to blame. Also read: How to Create Custom SLP Tokens With the Bitcoin.com Mint Schiff Shifts Blame for Forgetting Password Bitcoin has been blamed for all manner of crimes over the years, from destroying…

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Oklahoma Lawmaker Launches Bill to Create Crypto Depository for Government Use

A bill has been introduced in the U.S. state of Oklahoma to establish a new type of state-chartered financial institution that will be “the central depository for virtual currency used by governmental agencies in this state.” The new establishment aims to provide financial and technical services to crypto innovators and developers. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia Proposed Crypto Depository for Government A lawmaker has introduced a bill in the U.S. state of Oklahoma seeking to create a governmental crypto depository. Senate Bill…

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Malaysia Announces Digital Asset Guidelines

The Securities Commission Malaysia has published the country’s guidelines on digital assets which set out the regulatory framework for token sales. All token offerings must now be carried out only through platforms approved by the commission. The guidelines also detail the obligations of approved platforms as well as the requirements token issuers must meet. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia New Digital Asset Guidelines The Securities Commission Malaysia (SC) announced on Wednesday that it has released the Guidelines on Digital Assets pursuant to…

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‘High Level’ Crypto Experts to Advise OECD

The Organisation for Economic Cooperation and Development, an intergovernmental body with 36 member countries, has formed “a high-level expert group” which includes executives from the crypto industry. They will provide advice in helping develop international blockchain policy principles. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia ‘High-Level Expert Group’ Formed The Organisation for Economic Cooperation and Development (OECD) announced this week that it has formed “a high-level expert group,” also known as the Blockchain Expert Policy Advisory Board (BEPAB). The organization described that the group’s…

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