A bear market casts a long shadow. Crypto’s total value may have doubled since December, but it turns out that some companies in the space are still reeling from the downturn.

One such company is blockchain-agnostic solutions provider, Dispatch Labs, which Crypto Briefing has learned has been running very low on operational capital for months. The company has now been forced to attempt an additional raise so it can bring a working product to market.

Is fiat doomed? There are plenty in the crypto community who think so. One of the reasons crypto came to be was dissatisfaction with the current monetary system, in which the state is the sole creator of money and the fractional reserve system imposes systemic risks on most economies.

• Chainlink has a bullish short-term bias, with the LINK / USD breaking out to new all-time price high
• The four-hour time frame is now showing that a bullish inverted head and shoulders pattern has been ignited
• The daily time frame is showing a large bullish pattern with scope for further upside

LINK has surged after the integration announcement with Google.

• OmiseGo has a bullish short-term bias, with the cryptocurrency recovering above its 200-period moving average on the four-hour time frame
• The OMG / USD pair has a bullish medium-term outlook and is trading back above its 200-day moving average
• The daily time frame time shows a large ascending triangle pattern

OmiseGo has a bullish short-term bias, with the cryptocurrency recovering back above its 200-period moving average on the four-hour time frame.

• Bitcoin has a short-term bullish bias, with the cryptocurrency once again hold price above its 200-period moving average on the four-hour time frame
• The BTC / USD pair needs to break above neckline resistance at $8,500
• The daily time frame continues to show that the $10,000 level remains a valid bullish target

Bitcoin has a bullish short-term trading outlook, with the BTC / USD pair continuing to hold price above its 200-period moving average on the four-hour time frame.

Smart contracts are getting a bit…smarter. Yesterday oracle provider ChainLink (LINK) struck a partnership with Matic Network (MATIC), a layer two protocol to speed up payments on Ethereum (ETH).

Watch out, Tether—you’ve got competition, including in some unlikely places. CoinEx yesterday announced trading for Honestcoin (USDH), a new fiat-backed cryptocurrency.

In the past twelve months, several crypto marketplaces have launched their own tokens to raise money. Exchange tokens like those from Binance, Huobi, and OKEX offer trading discounts and buy-back programs to encourage hodling.

If you’re looking to buy bitcoin, you don’t have a lot of choices. Fiat gateways are few and far between, and established businesses like Coinbase charge high fees to buy crypto.

But that bottleneck is now getting a bit wider. Mobile wallet provider BRD – formerly ‘Bread’ – announced today that it will be introducing a new exchange service, in partnership with payments network Wyre, to allow users to purchase cryptocurrencies with a bank transfer.

• Cardano has a bullish short-term trading outlook, with the cryptocurrency trading close to major resistance on the four-hour time frame
• The four-hour time frame is showing that a bearish head and shoulders pattern has been invalidated
• The daily time frame is showing the ADA / USD pair has cleared all forms of Ichimoku resistance

Fundamental Analysis