Cryptocurrencies

$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, …

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Shiba Inu team issues scam alert to SHIB investors

The team warned SHIB investors about scammers that 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 …

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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.” CEO and founder of hedge fund Three Arrows Capital (3AC) Zhu Su tweeted that he has “abandoned Ethereum despite supporting it in the past,” before making a U-turn on the statement.  In …

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Bitcoin (BTC) Price Prediction: Bitcoin Hovers above $55.6k as Bitcoin Looks Oversold

BTC/USD Makes Gradual Decline as Bitcoin Looks Oversold -November 22, 2021 BTC/USD is still in a downward correction as Bitcoin looks oversold. Bitcoin bulls were repelled after two attempts to break above the $60,000 price level. Bitcoin is falling again as price resumes fluctuation between $55,560 and $60,000. Sellers may …

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Ethereum layer two TVL reaches all-time high

Layer 2 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 (L2) networks has surged to a new peak as gas fees continue to steadily rise.  Layer 2 analytics platform L2beat …

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RPG adventure game Illuvium boosted by $2M gaming guild fundraise

Polemos plans to expand into the burgeoning P2E gaming landscape with a strategic funding round dedicated to the launch of its Illuvium RPG game. Polemos, a play-to-earn (P2E) gaming guild specialized in NFT games, has raised $2 million in a strategic funding round to focus on its open-world role-playing game. …

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Animoca Brands raises $5M for NFT marketplace, Quidd

The big funding came via private sale, pre-sale, and the token’s IDO, which sold out in under an hour. Quidd, a marketplace for digital collectibles and a subsidiary of Animoca Brands, has raised a total of $5 million in private pre-sales and an initial DEX offering (IDO). The token sale …

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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 …

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Bitcoin Price Prediction: BTC/USD Trades below $60,000 Resistance

Bitcoin Price Prediction – November 21 After touching the daily high of $60,070, the Bitcoin price is down to touch a low of $58,509 as there may not be a quick recovery for the coin at the moment. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $65,000, $67,000, …

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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 …

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