DappRadar: GameFi continues to grow despite crypto market turmoil

    According to the new DappRadar study, the latest turbulence in the crypto markets has not stopped investments and forward movement of the GameFi and metaverse sector. The report has also shown continued funds inflow into several major projects, such as Splinterlands, Illuvium, Galaverse, and STEPN. Published on June 21, the latest DappRadar x BGA Games…

    Crypto Trends Weekly June 18 – 24

    Breaking crypto news from the last week (June 18 – 24, 2022): June 18: On Saturday evening, Bitcoin plunged to about $17,749, and Ether fell to about $897 as the sell-off in the crypto market accelerated. The world’s two most popular cryptocurrencies are down more than 35% over the last week, as both breach symbolic…

    Axie Infinity’s Ronin Bridge to relaunch after $625 million hack

    Months after getting exploited in one of the largest crypto-related hacks, the team behind Ronin announced the restart date. Axie Infinity’s Ronin sidechain is expected to be relaunched next week after the $625 million exploit, ‘with all user funds returned.’ Ronin Network, an EVM blockchain powering popular play-to-earn game Axie Infinity, has announced the reopening…

    Crypto jobs in UAE: BitOasis cuts its staff, while Binance hires dozens

    BitOasis, a UAE-based Middle East crypto exchange, said it laid off nine of its staff in the face of a downturn and market turmoil. Contrary, Binance has listed over two dozen openings in the Emirates. Founded in Dubai in 2015, BitOasis serves English and Arabic-speaking customers in the Gulf. “Earlier this week, nine employees were…

    Goldman Sachs reportedly raising $2 billion to buy Celsius assets

    Goldman Sachs is reportedly seeking $2 billion in commitments from investors to buy distressed crypto assets of Celsius at steep discounts if the crypto lender goes bankrupt. The Wall Street firm is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, CoinDesk reported citing two sources familiar…

    The arbitrage funds making money from messy crypto markets

    While the crypto market is a hot mess, leaving many investors struggling to turn a buck, the arbitrageurs enter – Lisa Pauline Mattackal and Medha Singh write for Reuters. Bitcoin and other cryptocurrencies have either been shackled to ranges or in decline since January, leaving your regular buy-and-hold investor with little option but to sell…