• Zcash is trapped within a large falling price channel on the four-hour time frame
• The daily time frame highlights substantial amounts of positive MACD divergence
• A large inverted head and shoulders pattern is also present on the daily time frame

Zcash is starting to appear increasingly interesting from a technical perspective as the popular cryptocurrency trades at its weakest level since March 2019.

Huobi has announced the 6th IEO on Huobi Prime, featuring Whole Network’s NODE token and the Acute Angle phone.

Whole Network is a Chinese company which developed an Android-based blockchain phone, with a wide range of features developed for cryptocurrency traders. The device incorporates programmable price alerts that work even when the phone is locked, while also making it easier to hold crypto through a built-in wallet app and a plug-in cold wallet.

Elliptic, a British company providing crypto-asset risk management solutions, announced today a successful raise of $23M in a Series B funding round, led by Tokyo-based SBI Holdings. AlbionVC and existing investors such as SignalFire, Octopus Ventures and Santander Innoventures have also contributed to the round. Tomoyuki Nii from SBI Holdings will be joining the Board of Directors, along with Ed Lascelles of AlbionVC.

Argentina’s besieged Macri government has imposed new restrictions on foreign currency in a bid to shore up the Peso and stabilize the economy.

The maneuver will do little to douse concerns of legacy government and institutional capacity to ably manage economies. At the same time, distrust in government, central banks, and the fractional reserve system continues to spread from basketcase economies like Zimbabwe, Venezuela, and Argentina.

This week, Litecoin creator Charlie Lee tweeted another round of criticism against Dash, claiming that the coin has become a highly centralized project. This is just the latest potshot in Lee’s long-running feud against Dash, which seems to have become his favorite target.

Oil-rich economies of the Middle East and North Africa are looking for ways to diversify, and the Jibrel Network (JNT) is leveraging blockchain technology to make it happen. Private financing has a new avenue for building wealth, according to the development company, with “young and tech-savvy entrepreneurs” in the region moving into new industries and investors seeking new ventures to back.

Crypto markets are back with a vengeance. Following a lukewarm Monday start, BTC jumped 6% in a single four-hour period. The rest of the market followed Bitcoin into the green, though altcoins are showing smaller gains – resulting in fresh highs for Bitcoin dominance.

Bitcoin has had a fantastic start to the new trading week and is now trading above its monthly pivot point, around the $10,650 level. More impressive still is that the Bitcoin price has completely eroded all of the losses from the bearish drop on August 28th, and is now holding above the technically important $10,280 level.

• The four-hour and daily time frame show that a bullish triangle breakout is underway
• The daily time frame highlights a huge bullish reversal building across the daily time frame

Chainlink appears to be stabilizing around major long-term support, as green shoots spread through almost the entire cryptocurrency market. Like many other popular cryptocurrencies, the LINK / USD pair has been suffering lately, having lost over thirty-five percent of its value from its August price peak.

A new trademark dispute between the Electric Coin Company (ECC) and the Zcash Foundation (ZF) could spill over into other negotiations, potentially threatening the future of a prospective development fund.