
Ethereum [ETH] Bulls Gets Trapped After Reversal Hints
2022 did not start on a bullish note for the crypto market, including Ethereum [ETH] which lost significant ground throughout January.
Discover in our section the latest cryptocurrency news, bitcoin and the so-called altcoins (alternative crypto).
Since 2011, thanks to the standard Bitcoin open source, new cryptocurrencies known as Altcoins are beginning to emerge, that use blockchain technology as an alternative to Bitcoin, complementing their ecosystem with new algorithms and functionalities.
Some of the best known altcoins are Ethereum [ETH], Ripple [XRP], Tron [TRX] or Litecoin [LTC].
Today there are many exchange houses or crypto exchanges, where these cryptocurrencies have established themselves as a new investment market for financial assets that grows in volume and complexity every day.
Some of the best known cryptocurrency exchanges and where you can make your exchanges are: Binance, Poloniex, Kukoin, or Kraken, among others.
If you want to be informed about everything that is happening in the cryptocurrency ecosystem, be sure to visit our news.

2022 did not start on a bullish note for the crypto market, including Ethereum [ETH] which lost significant ground throughout January.

The Luna Foundation Guard (LFG) has announced its formation to support and sustain the growth of the Terra ecosystem and its flagship stablecoin, TerraUSD (UST).
![Shiba Inu [SHIB], CoinMarketCap Starts Working Out Wormhole Issue](https://crypto-economy.com//wp-content/uploads/2022/01/anastasiia-krutota-FLoDFXM-l_4-unsplash-e1642610203425.jpg)
After debunking accusations of malicious contract addresses, Shiba Inu [SHIB] developer team is reportedly working with CoinMarketCap regarding Wormhole contracts.

HENI is the first NFT project to utilize Chainlink oracles. They will use oracles to price Damien Hirst’s NFTs across The Currency collection. HENI is utilizing

Binance Holdings Ltd. has agreed to study a digital asset exchange in Thailand with Gulf Energy Development PCL. The company is owned by Thai billionaire Sarath

The Polygon blockchain implemented the Ethereum Improvement Proposal 1559. It will bring the burning of the native MATIC tokens. Besides, there will be improved fee visibility.

Integritee Network has won the 21st Kusama parachain auction and will now be onboarded as the 23rd Kusama parachain.
![Cardano [ADA] sees massive bullish influx; More profits ahead](https://crypto-economy.com//wp-content/uploads/2022/01/michael-fortsch-VUOldPdIkjk-unsplash-e1642441916240.jpg)
Diverging from the stagnant price action of the cryptocurrency market, Cardano [ADA] went on to post almost 30% in weekly gains.
![Elon Musk Announces Tesla Merchandise Can Be Bought by Dogecoin [DOGE]](https://crypto-economy.com//wp-content/uploads/2022/01/tesla-1738969_1280.jpg)
Elon Musk Announces on Friday that Tesla is accepting meme-based crypto-asset Dogecoin [DOGE} as a payment option for its merchandise.

Nayib Bukele, El Salvador’s President, is one of the big supporters of Bitcoin, but he may have lost money buying Bitcoin in the past months. He’s
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