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Is GameFi the Next ‘Silicon Valley’ for Investors?

The video game industry is currently priced at $178 billion, with the GameFi sector making up $21 billion GameFi isn’t just another opportunity for VC funds — it is changing how and who gets to invest in new projects What happens when you open the GameFi ownership economy to a gaming industry that can amass …

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Latest in Crypto Hiring: Binance, FTX Make Key Additions

Blockchain platform Infinite Arcade hires Visa’s former senior director of global marketing Bitstamp promotes its Europe chief executive to global CEO Binance hired Joshua Eaton, a former deputy US attorney in the Northern District of California, as its deputy general counsel. Before becoming an attorney at the Department of Justice, Eaton was a line prosecutor …

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Crypto Market Downturn Leads to Steep Drop in Blue-chip Ethereum NFTs

With lower ETH prices, floor prices of blue chip NFT collections are going down NFT trading volumes have also dropped to their lowest monthly levels The current cryptocurrency downtrend has prices plunging across the board — and with the value of crypto falling, so have NFTs in dollar terms been declining over the past few …

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FTX’s Sam Bankman-Fried Spots Opportunity in Troubled Markets

Bankman-Fried takes 7.6% stake through Emergent Fidelity Technologies, of which he is the sole director and majority owner The purchased shares were worth roughly $605 million Friday afternoon The head of crypto exchange FTX has bought a 7.6% stake in investing platform Robinhood.  Though Sam Bankman-Fried’s company was not involved in the deal, he has …

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The Next Crypto Depeg? Staked Ether, ETH Show Signs of Divergence

Users with leverage “might be at risk of liquidation,” Lido said Lido revealed yesterday it would offer incentives for users to provide liquidity to its new Curve pool Liquid staking protocol Lido warned that the swap rate between ether (ETH) and stETH — a token representing ether staked on Lido — has deviated from its …

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Emirates Airline to Accept Bitcoin Payments and Launch NFT Collection

Emirates is onboarding new staff to manage metaverse and NFT projects Emirates COO Adel Ahmed Al-Redha revealed the news at the Arabian Travel Market Emirates, the largest airline in the United Arab Emirates, announced its intention to add bitcoin as a payment option, and to make NFT collectibles tradable on the company’s website.  The Dubai-headquartered …

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Podcast: How To Survive A Bear Market | Olaf Carlson-Wee

On today’s episode of Empire, Olaf Carlson-Wee, Coinbase’s first employee & founder of Polychain, joins Jason and Santiago to discuss his views on the state of crypto. Olaf reflects on crypto’s cycles, the reoccurring themes and how this relates to the UST meltdown and today’s bear market. We then dive into Olaf’s investment philosophy, exploring …

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What Comes Next For Terra Ecosystem?

A group of dApp developers in the Terra ecosystem, calling themselves the “Terra Builders Alliance” have put forward a rough outline of a proposal to relaunch the project, “to honor existing UST holders, loyal Luna holders, and developers,” according to a forum post. Other groups are considering moving apps built on the Terra chain over …

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Terra Halted Again, Exchanges Delist Spot Trading

All economic activity on the Terra blockchain has ceased Exchanges are beginning to halt trading, as the future of the Terra assets remains uncertain Just hours after halting and then restarting the Terra blockchain, validators appear to have thrown in the towel, deciding for a second — and this time indefinite — halt, late Thursday. …

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