From Bitcoin’s emergence on the deep web in 2008, to the ICO funding craze of 2017, the blockchain/crypto industry has experienced its fair share of ups and downs over the past ten years. Despite a dramatic influx of money and big ideas, the industry has also fallen prey to scams, pump-and-dump schemes, and spectacular price crashes. 

China Merchants Bank International (CMBI) has announced its entry into the blockchain ecosystem by partnering with Nervos, a layered blockchain network.

• Chainlink has turned bullish over the short and the medium-term
• The four-hour time frame shows that a potential inverted head and shoulders could be forming
• The lower time frame shows bearish MACD price divergence

Chainlink is continuing its early-month rally, with the cryptocurrency fully eroding its September trading losses. The LINK / USD pair is also one of the few cryptocurrencies in the top twenty by market cap that is trading above its key 200-day moving average.

A new cryptocurrency exchange-traded product has launched today on the SIX Swiss Exchange, marking the first time investors will be able to purchase a single collateralized ETP made up of more than one cryptocurrency.

The U.S.

Bitcoin prices are continuing to fluctuate.  Despite a promising start, BTC lost the majority of its gains yesterday. Other leading coins are essentially following Bitcoin, with Chainlink’s +5% as the only voice outside the choir.

The creators of LocalMonero have announced a new privacy-oriented peer-to-peer OTC cryptocurrency trading service.

• Stellar Lumen remains technically bearish across the short and medium-term
• The four-hour time frame shows that a bearish breakout from an ascending triangle pattern is underway
• The daily frame continues to show a head and shoulders pattern in play

Stellar Lumen is attempting to build on recent trading gains, after the cryptocurrency recovered nearly thirty percent in value from the late-September market slump. However, both the four-hour and daily time frames currently warn that it may be too early to call a long-term bottom in the cryptocurrency.

Factom Protocol, an open-source blockchain platform for enterprises, has enlisted the help of Sphereon to integrate the Factom Asset Token (FAT) protocol with DAML, an open source programming language for smart contracts.

An experimental application could help decentralized exchanges comply with regulations without compromising user privacy. Announced jointly today by DeversiFI and the identity management platform, Iden3, the TrustCommunity experiment application allows anyone to create sovereign identities that could be used across multiple applications and protocols.