Cryptocurrency is back on the congressional calendar. As Facebook prepares to enter the space, the American President is now tweeting about crypto with the same careful deliberation which he normally reserves for immigrants. Meanwhile, DLT companies are headed to Capitol Hill, in order to make the case for decentralization at the third Blockchain Education Day.

• ICON has a bearish short-term bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame
• The four-hour time frame shows that a bullish inverted head and shoulders pattern has been invalidated
• The ICX / USD pair’s medium-term outlook has turned bearish, with price trading below key technical support on the daily time frame

ICON has a bearish short-term bias, with the ICX / USD pair now trading below its 200-period moving average on the four-hour time frame.

• Stellar Lumen has a bearish short-term trading bias, with the cryptocurrency tumbling below key technical support
• The four-hour time frame shows that sellers are attempting to invalidate a bullish inverted head and shoulders pattern
• The daily time frame shows that a large head and shoulders pattern could be forming

Stellar Lumen has a bearish short-term outlook, with the cryptocurrency testing back towards trading levels not seen since early March 2019.

• Bitcoin has a bearish short-term outlook, with the BTC / USD pair trading below its 200-period moving average on the four-hour time frame
• The four-hour time frame shows that bears are close to invalidating an inverted head and shoulders pattern
• The daily time frame shows that the BTC / USD pair could see substantial selling if the $9,650 level is broken

Bitcoin has a bearish short-term trading outlook, with the BTC / USD pair slipping below its 200-period moving average on the four-hour time frame for the first t

Cryptocurrency is an industry without borders. The very nature of decentralization and anonymity should preclude your geographical location, the color of your skin, your gender, your sexuality, your age, your religion, from mattering at all.

In that sense, it is one of the most powerful democratizing forces ever created by humans.

So when Donald Trump explains that he is “not a fan” of Bitcoin, perhaps there’s more to it than his concern over the usurpation of the dollar’s status as the de facto world currency.

Plasma is a scaling solution that can be used with various blockchains. It is commonly associated with Ethereum, but Plasma is compatible with other platforms as well. Essentially, it can help a blockchain perform computations more efficiently.

Ethereum, for example, can currently only handle about 15 transactions per second. This is a barrier to mass adoption, and to compete with credit cards and payment processors, blockchains need off-chain scaling solutions. This is where Plasma comes in.

Brave is making big strides this year.

Smart contracts are still struggling to find reliable information. You might have the best decentralized network in the blockchain space, but its utility will be severely limited without the ability interact with real-world data.

Decentralized exchanges aren’t simple, but they become easier to use every day. In the latest improvement to user experience,  KyberSwap announced the launch of non-custodial limit orders, allowing users to approve trades in advance without depositing funds with the exchange. 

Through this initiative, KyberSwap seeks to break down the typical barriers of trading on centralized exchanges, overcoming obstacles such as KYC while providing a simpler user experience than other DEXes.

• Ripple has bearish short-term trading bias, after the XRP / USD pair fell below key support on the four-hour time frame
• The head and shoulders pattern on the four-hour time frame is highlighting the $0.2300 level as a possible bearish target
• The XRP / USD pair has now broken below its 200-day moving average

Ripple has a bearish short-term trading outlook, with the XRP / USD pair falling below its 200-period moving average on the four-hour time frame.