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Top 5 cryptocurrencies to watch this week: BTC, AVAX, MATIC, EGLD, MANA

If Bitcoin rises above $60,000, select altcoins such as AVAX, MATIC, EGLD and MATIC may remain strong. Bitcoin (BTC) is witnessing a tough tussle near the $58,000 mark but that has not stopped select altcoins from hitting a new all-time high. This shows that traders are watching the fundamental developments on individual coins. One of…
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Australian Senator says DeFi is ‘not going away any time soon’

The Liberal Party Senator commented that DeFi “presents huge opportunities” for Australia to cement its place as a “front-runner for innovation.” Senator Jane Hume has stated that decentralized finance (DeFi) “presents huge opportunities” for Australia to cement its place as a “front-runner for innovation and economic progress.” Senator Hume spoke at the Australian Financial Review Super &…
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Ethereum layer-two TVL reaches all-time high

Layer-two TVL has more than doubled over the past couple of months, hitting a new all-time high of $5.64 billion. The total value locked (TVL) on Ethereum layer-two networks has surged to a new peak as gas fees continue to steadily rise driving further adoption.  Layer-two analytics platform L2beat currently reports that the TVL across various layer-two…
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Three Arrows Capital CEO backtracks on Ethereum abandonment comments

Zhu Su backtracked after the initial scathing comments, saying that he “loves Ethereum and what it stands for.” Zhu Su, CEO and founder of hedge fund Three Arrows Capital (3AC), tweeted that he has “abandoned Ethereum despite supporting it in the past” before making a U-turn on the statement.  In the Sunday thread, Su claimed that…
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Shiba Inu team issues scam alert to SHIB investors

The team warned SHIB investors about scammers who are impersonating official accounts and creating fake users. The team behind meme cryptocurrency Shiba Inu (SHIB) has issued a public warning against ongoing online scams that primarily target altcoin investors interested in SHIB tokens.  The proactive scam alert came in the form of a tweet detailing the various methods…
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$60K becomes resistance — 5 things to watch in Bitcoin this week

A headache for Bitcoin bulls is compounded by a raging U.S. dollar as investors sit on the fence over which way the market will go. Bitcoin (BTC) begins a new week with a rare disappointment for its Q4 bull run — failing to crack previous support. After a promising weekend, BTC/USD ultimately saw rejection at…
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Bitcoin (BTC) Dips Below $60,000 in October 2021, Is 2017 Repeating?

It’s almost like the dip buying opportunities in Q4 2021 matched Q4 2017. BTC price action has dipped below $60,000 – yet bitcoin is still reflecting the eye-popping 2017 bull run. Compared to Bitcoin’s previous halving cycle, the latest data from 2017 and 2021 show how similar they really are. A new bitcoin print shows eerie similarities to…
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Crypto can erode tax base, Russia’s tax boss says

The Russian State Duma approved a bill on crypto taxation in early 2021, but the bill has yet to move any further. The Russian Federal Taxation Service (FTS) is actively monitoring the cryptocurrency market to prevent tax evasion, FTS head Daniil Egorov said. Cryptocurrencies can potentially cause “significant erosion” to Russia’s tax base, Egorov argued in a…
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Crypto Multicurrency

  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
  • ethereumEthereum(ETH)
  • tetherTether(USDT)
  • binancecoinBNB(BNB)
  • solanaSolana(SOL)
  • usd-coinUSDC(USDC)
  • staked-etherLido Staked Ether(STETH)
  • rippleXRP(XRP)
  • dogecoinDogecoin(DOGE)
  • the-open-networkToncoin(TON)