Will the Crypto Market Make a Comeback? A Look Into the Recent Downturn and W...
The past few months have been quite brutal for the crypto market, both retail and institutional investors have lost a lot of money with the ecosystem wiping out close to 70% of the gains made during the 2020-2021 bull run. If you are a keen follower of the crypto market, you have probably heard of […]
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According to a recent report produced by Dappradar, the Web3 gaming industry has managed to raise $750 million since August 1st in spite of the crypto downturn, with several important projects registering positive numbers regarding sales and activity.
Web3 Gaming Industry Thriving Amidst Economic Downturn
The current economic downturn that is affecting the traditional and cryptocurrency markets has had a less significant effect on the Web3 gaming sector. According to a recent report issued by Dappradar, the numbers coming from this industry have been positive, resisting the....
“We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island’s ability to become a crypto hub,” said Bermuda’s minister of economy and labor, Jason Hayward. The Bermuda government is pushing on with its ambitious plans to become a cryptocurrency hub despite the massive market downturn in 2022. The small island territory known for its pristine pink sand beaches and attractive taxation policies has been actively expanding its crypto sector since 2017, according to Bermuda’s minister of economy and labor, Jason Hayward. He....
There’s a lot of ways to make – and lose – money during a bear market. While the crypto market has rallied strongly this month, it’s too early to venture that the era of “up only” has returned. For traders trying to preserve their precious capital during an extended market downturn, there are numerous money-making […]
According to a recent report by Bloomberg, Ledger, a prominent hardware wallet manufacturer catering to crypto investors, has announced a 12% reduction in its workforce as part of a strategic effort to navigate an extended industry downturn. The decision comes in response to macroeconomic challenges that have hindered revenue generation, prompting the company to prioritize […]
The DeFi sector has been struck hard by the recent downturn seen across the aggregated crypto market, but it has not been able to match the momentum seen by Bitcoin and Ethereum as a result of their recent rallies. DeFi tokens – due to their immense volatility – are considered to be “high beta,” which […]