After the crypto crash, the industry wants governments to confer legitimacy on digital currencies whose enthusiasts originally boasted of being outside the system. For some operators, the alternative could be bleak.
There were no good spots for investors to hide in Thursday’s global market rout, as bitcoin and other cryptocurrencies joined the selloff.
The words bitcoin and boring have rarely been uttered in the same breath. But the cryptocurrency did something strange in recent weeks: it stayed relatively still.
Bitcoin could finally be hitting a bottom before heading higher. The digital currency is lingering above both the price and trend lines and a buying divergence is forming, flashing a positive signal.
Hackers have stolen $60-million of digital coins from a Japanese exchange, the latest in a string of thefts that have kept many institutional investors wary of putting their money in cryptocurrencies.