This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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Axie Infinity, the NFT game that was gaining speed during the middle of the Pandemic in 2020 is starting to lose major steam. Hitting an active monthly user count of ~700k, which represents a 74% drop to what the count was in January 2021, Axie is feeling the bear market effects, amongst other things. Apparently, game mechanics have also been a factor in users dropping off. What was a game that was bringing income for some that was higher than the minimum wage in some countries, seems to be cooling off due to NFT’s sinking during this strong bear market.
~700k monthly users and its still ~75% lower than ATH’s?? I think this should prove how popular blockchain gaming still is in the world. To be able to earn money just for playing games is amazing and hoping other traditional gaming companies get into the business!
Written by: nikethereum.eth / Medium / Mirror
Axie Infinity, the NFT game that was gaining speed during the middle of the Pandemic in 2020 is starting to lose major steam. Hitting an active monthly user count of ~700k, which represents a 74% drop to what the count was in January 2021, Axie is feeling the bear market effects, amongst other things. Apparently, game mechanics have also been a factor in users dropping off. What was a game that was bringing income for some that was higher than the minimum wage in some countries, seems to be cooling off due to NFT’s sinking during this strong bear market.
~700k monthly users and its still ~75% lower than ATH’s?? I think this should prove how popular blockchain gaming still is in the world. To be able to earn money just for playing games is amazing and hoping other traditional gaming companies get into the business!
Written by: nikethereum.eth / Medium / Mirror
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