• VeChain has a bearish short-term and bullish medium-term trading outlook
• The four-hour time frame shows that an inverted head and shoulders pattern has formed
• The daily time frame continues to show a bullish triangle breakout underway. 

VeChain is attempting to stage a recovery higher after reversing sharply from the 0.008 support level earlier this month. Technical analysis suggests the cryptocurrency could be preparing for its next major upside move.

Tezos, MakerDAO, and Decred show signs of plutocracy, thanks to concentrated token supplies and on-chain governance.

The cryptocurrency market remains mixed in early Friday trade, while the number of BTC/USD long positions continued to surge.

Bitfinex long futures surged to a fresh record high at 41,300 contracts, breaking past the previous all-time high set on March 2018. 

Eran Eyal, Shopin CEO, pleaded guilty today to charges of conducting an unregistered securities offering in an ICO that raised over $42 million.

Chinese Bitcoin miners now control a record proportion of the network’s hashrate, according to new research. An estimated 65% of BTC mining now happens in China.

CoinShares, a digital asset investment fund, noted this high since the firm started monitoring the network in late 2017.

Amidst a grinding price slide, Bitcoin boredom has set into crypto markets. Interest indicators fell to levels not seen since March, according to Google Trends.

Yearly Google searches for ‘Bitcoin’ peaked at the end of June, at a value of 100. They have been steadily falling since. Today, Bitcoin searches measured 23. They were last seen in the low 20s ranges in March, bottoming at 20. 

• Ethereum has a bearish short-term and medium-term trading outlook
• The four-hour time frame shows that an inverted head and shoulders pattern has been invalidated
• The daily time frame continues to show a bearish pattern playing out to the downside

Ethereum is coming under increasing technical selling pressure below the $150.00 level, as the second largest cryptocurrency continues to be dragged lower by the market downtrend.

Five men were charged in connection with BitClub, an alleged $722 million Ponzi scheme. The founders were caught saying they targeted the “typical dumb MLM [multi-level marketing] investor.” 

On Nov. 10, the U.S. District Court in Newark, New Jersey, accused Matthew Brent Goettsche, Jobadiah Sinclair Weeks, Joseph Frank Abel, and Silviu Balaci of conspiring to commit wire fraud and colluding to offer and sell unregistered securities. 

Little changed in the cryptocurrency market since Wednesday, though a number of top cryptocurrencies briefly tested below under critical technical support level.

Bitcoin moved toward the psychological $7,000 level as a bearish triangle breakout continues to weigh on the BTC/USD pair’s short-term technicals. It posted a short recovery since.

Little changed in the cryptocurrency market since Wednesday, though a number of top cryptocurrencies briefly tested below under critical technical support level.

Bitcoin moved toward the psychological $7,000 level as a bearish triangle breakout continues to weigh on the BTC/USD pair’s short-term technicals. It posted a short recovery since.