Last week Block.one confirmed the launch of an EOS-based social network. Having purchased over $20 million worth of RAM prior to the announcement, pundits had already guessed the company was up to something big.

Bitcoin mining currently consumes more electricity than the entire country of New Zealand, according to a new report. But the cloud has a green lining: researchers determined that much of that electricity comes from renewables, indirectly subsidizing environmentally-friendly sources.

• Zilliqa has an increasingly bullish short-term trading outlook, with the cryptocurrency probing towards the April high
• The four-hour time frame now shows a valid bullish inverted head and shoulders pattern
• The daily time frame is showing that the ZIL / USD pair is testing towards the top of its yearly price range

Zilliqa has an increasingly bullish short-term outlook, with the cryptocurrency testing towards the April 2019 trading high.

• Tezos has a bearish short-term bias, with the XTZ / USD pair trading below its 200-period moving average on the four-hour time frame
• The four-hour time frame continues to show a bearish head and shoulders pattern
• The daily time frame shows that price is testing the neckline of a large inverted head and shoulders pattern

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

• Ripple has a bullish short-term trading bias, with the cryptocurrency still trading above its 200-period moving average on the four-hour time frame
• The four-hour time frame shows a bearish triple-top pattern formation
• The daily time frame continues to highlight that a confirmed bullish breakout is still underway

Ripple has a bullish short-term outlook, with the XRP / USD pair still holding price above its 200-period moving average on the four-hour time frame.

Kik isn’t the only company facing regulatory blowback. LongFin, a fintech company which drew controversy for an abrupt blockchain pivot, is now fighting allegations of fraud from the Securities and Exchange Commission.

Few cryptocurrencies can provide a long-term store of value. Some tokens are pegged to fiat, but the consistent inflation of national currencies means these are only stable for the short term.

One project seeks a more permanent form of stability. ndau is a ‘buoyant’ coin – not a stablecoin –  which is designed as the first digital asset that can maintain a steady value for the long term.

The Grin community has announced the date of its first-ever scheduled hard fork, in order to prevent the network from being dominated by specialized mining hardware. This will be the first of four scheduled system-wide upgrades during the first two years of the coin’s life.

Few crypto companies can count themselves as effective Coinbase rivals, but one startup plans to give Brian Armstrong a run for his bitcoin. TrustToken is planning to challenge Coinbase’s position as a leading entry point for cryptocurrencies.

Rafael Cosman, TrustToken’s co-founder and Head of Engineering and Product, told Crypto Briefing that his company is planning new fiat on-ramps for rival exchanges, to create additional gateways into the space.

• VeChain has a bullish short-term trading bias, with the cryptocurrency trading above its 200-period moving average on the four-hour time frame
• The VET / USD pair continues to trade close to the best levels of 2019 so far
• The daily time frame is showing that the recent bullish breakout has reached its upside target

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