While normally I’d put a welcome message here, I’ve gotta ask everybody something first. Did you see that price jump last week? That’s the kind of action that really keeps us in the bitcoin trading game. Welcome everybody to Keep Ngaged, your weekly news roundup of some of the hottest crypto stories, analysis, and a dash of hearty opinion with a grain of salt for taste. We’ve seen a pretty wild week, more so than normal here in the crypto sphere, but let’s tap into the news and see just what may have triggered such an uphill landslide.
China has passed the first-ever law specifically aimed at regulating cryptography and password management taking effect on Jan. 1, 2020
China seems to have made their first official move, though not in the way some would suspect. Many are hailing the new password and cryptography law as China moving officially on blockchain technology. It’s important to note that the document does not mention cryptocurrency, though cryptography is the underlying principle of all crypto tech.
Fed’s balance sheet expands to $3.97 trillion in weeks as ex-Bank of England governor predicts a looming financial crisis.
In a troubling move, the feds have decided to print even more fiat to try and utilize Quantitative Easing and improve economic conditions. Proponents of non-inflationary assets, such as bitcoin and gold are echoing sentiments that we are sleepwalking into the next financial crises.
Looks like Veritaseum’s investigation has finally ended, with Veritaseum’s founder and the company being forced to pay back 8.4 million, with the founder himself in hot water with another one million dollar penalty fine.
Analysis from around the web:
Let’s take a look at what a few experts have to say around the current price action of Bitcoin and Crypto. Please remember that these are strictly the opinions of third parties and these authors are not affiliated with Ngaged.
Bitcoin price has closed October green, a first since June, and now has key moving averages on track to cross bullish in November.
Sentiment and politics:
China‘s now seemingly onboard with blockchain technology and one of the hottest cases in crypto coming to a close. Seems like the sphere is finally heading in an upward climb. It remains to be seen if we are going to lock in a bull market after the bears have taken over for so long. There’s no telling with the crypto markets in full swing. I’ll be keeping a level head with my strategies with fingers crossed. For now, this is Derek signing off on another issue of Keep Ngaged. I’ll see everyone next time!
What are your thoughts on the future of the crypto markets? Have you seen an article you would like featured? Leave a comment below and let us know what you’d like to see in upcoming issues. We’ll see you next week and remember to Keep Ngaged!
This issue of Keep Ngaged was brought to you by the community experts at Ngaged. If you’re looking to nurture a great community of your own for your crypto or blockchain company, be sure to check out Ngaged.io and get in touch. To learn more, take a look at one of our recent articles on why community management matters.
About the author: When not chasing down the latest news and strategies in crypto marketing, Derek spends his time helping build up successful blockchain companies through Ngaged.io and reading on the couch with his dogs.
Originally published 11/08