lt will take “weeks, if not months” to repair the “technical damage” caused by the recent collapse of Bitcoin (BTC), according to a Fundstrat Global Advisors analyst, Bloomberg reports today, Nov. 15. In a note to clients yesterday, cited by Bloomberg, Fundstrat’s Rob Sluymer predicted that Bitcoin’s collapse yesterday has pushed crypto markets into a “deeply oversold” area, while “longer-term technical indicators aren’t so favorable.” Sluymer concluded that Bitcoin will be able to support a “multi-month rally,” but only after the “significant” damage done this week has been overcome: “This week’s breakdown produced significant technical damage that will likely take …

Scrypt miners can finally rejoice as Mining Asics Technologies B.V. (MAT) have started taking pre-orders for the Scrypt ASIC rigs from 12th of March 2014. “Lite” mining Litecoin and a legion of its lesser siblings from Dogecoin, Novacoin to, basically, most of the cryptocurrencies that make it to the mass users these days. Certainly, GPU mining is much available comparing it to ASIC. Even the top graphic cards are cheaper than rigs used by Bitcoin miners (although they don’t have much choice). The best thing however is that after difficulty made a leap and miner sees that profit is not …