As the Bitcoin bull market surges on, other projects are ever more aware of the fundamental appeal that BTC has: scarcity. There will only ever be 21 million coins in circulation, and Bitcoin’s inflation is set to become lower than the US Federal Reserve after the halving. 

With TrustToken releasing its Hong Kong dollar-backed stablecoin, TrueHKD, the cryptocurrency industry bears witness to yet another fiat-pegged digital asset.

TrustToken’s own stable now includes blockchain versions of the USD, CAD, AUD, and GBP. The HKD is now added to that list, as announced in April. Does yet another stablecoin bring anything new to the ecosystem?

EOS has been wracked by issues of governance and centralization during its first year of existence. However, the most pressing issue is a simple one: vote buying. The community is searching for solutions, and now, Dan Larimer, the CTO of Block.One, has proposed a radical fix―which ironically involves encouraging people not to vote.

• Ethereum has a bullish short-term trading bias, with the ETH / USD pair still holding above major support on the four-hour time frame
• The four-hour time frame shows that the bullish invalidation target has been fully achieved
• The daily time frame shows that the recent rally has created an even larger bullish pattern, suggesting upside potential increasing to $600.00

Ethereum has a bullish short-term outlook, with the cryptocurrency testing still holding above critical support on the four-hour time frame.

• Zcash has a bullish short-term trading bias, with the cryptocurrency bouncing sharply from key technical support
• The four-hour time frame highlights that momentum has shifted to the upside
• The daily time frame shows that the ZEC / USD pair is consolidating above the neckline of a large bullish pattern

Zcash has shown a positive price trend during the last few days.

• NEM has a neutral short-term-term bias, with the cryptocurrency yet to find a direction
• The four-hour time frame shows that the XEM / USD pair is trapped within a neutral wedge pattern
• The daily time frame continues to show price trading inside a sideways price channel

NEM is gaining momentum ahead of its Catapult upgrade.

The Financial Action Task Force (FATF) has issued a shot across the bow of the cryptocurrency industry, with interpretative notes and clarifications for virtual asset service providers (VASPs).

NEO was one of the stars of the 2017 gold rush, but it suffered more than most in the crypto winter that followed. After a breakneck bull run that reached triple digits over the course of eight months, the price of NEO tokens fell back to single digits eight months later. In the meantime, several NEO-based dApp projects defected to other platforms.

Last year Hacker Noon reported, “In 2017, sales of virtual goods raked in more than $80 billion of total gaming industry revenue of $103 billion.” And some of these virtual goods have sold for a pretty penny.

In 2011, SEE Virtual Worlds purchased a virtual planet on Entropia, Planet Calypso, for $6 million. The second most expensive virtual planet sold for $635,000.

• 0x has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame
• The four-hour time frame continues to show a valid inverted head and shoulders pattern
• The daily time frame highlights growing downside pressure over the medium-term

0x has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame.