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NFT Sales Stave off Crypto Market Downturn This Week With a Slight Uptick in Volume
2.7.2022
Non-fungible token (NFT) sales have managed to stay consistent this week while the crypto economy saw more losses over the last seven days. The week prior, $152.9 million in NFT sales were recorded across 18 blockchains and during the past week, $154.3 million in sales were executed. While Ethereum...
OKX to Increase Staff by 30% Despite Market Downturn
28.6.2022
“We are mostly focused on increasing our headcount in product and tech,” Lennix Lai, director of financial markets at OKX, said on CoinDesk TV’s “First Mover” program
Market Downturn Hasn't Chilled Optimism About Crypto Jobs
28.6.2022
As the debate continues about whether we are in a new crypto winter, workers remain optimistic, as long as they don’t have to go to the office. At least that is one takeaway from the CoinDesk Crypto Work Survey
Ruble Hits 7-Year High, Bukele, O’Leary Unfazed by Crypto Downturn, Elon Musk Will Keep Buying DOGE — Bitcoin.com News Week in Review
26.6.2022
As sanctioned Russia’s fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential voices remain unperturbed when...
With New Hires, Gaming Titles, & Upcoming Features, Nakamoto Games Steams Ahead Despite Market Downturn
23.6.2022
Nakamoto Games, the premier play-to-earn gaming platform, recently shared several important development updates regarding new features, functions, games, and dev team hires. These announcements were made across the company’s official channels. Together, these updates, upgrades, and enhancements...
Amid Looming Euro Zone Economic Downturn, ECB's Lagarde Worries About Crypto, DeFi
22.6.2022
While the 19 euro-using European Union countries face a gloomy economic outlook, European decision-makers are worried about the potential negative impact of cryptoassets and decentralized finance (DeFi) on the bloc’s financial stability -- and per Christine Lagarde, President of the European...
Digital Collectible Downturn — NFT Sales Slid More Than 74% Lower Than the Month Prior
20.6.2022
While digital currencies suffered this past month, non-fungible token (NFT) sales dropped by 74.44% during the last 30 days. Data shows that during the last seven days, NFT sales have slipped 17.33% lower than the sales recorded the week prior. NFT floor values for popular collections have...
US Fed to Blame for Downturn, Large Crypto Players Have Responsibility Toward Ecosystem - FTX CEO
20.6.2022
With crypto prices continuing to slide, Sam Bankman-Fried, the outspoken CEO of major crypto exchange FTX, argued that the US Federal Reserve (Fed) is to blame for the ongoing downturn, but that large companies such as his have a responsibility to step in and make efforts to contain...
Kevin O’Leary Says He Won’t Sell Any Crypto Despite Downturn – ‘You Just Have to Stomach It’
20.6.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he is not selling any of his cryptocurrencies despite the crypto market downturn. “Long term, you just have to stomach it. You have to understand you’ll get volatility,” he stressed. Kevin O’Leary: I’m...
Tesla CEO Elon Musk Confirms He’ll Keep Buying and Supporting Dogecoin
20.6.2022
Tesla and Spacex CEO Elon Musk has reaffirmed his commitment to dogecoin (DOGE). He confirms that he will keep buying and supporting the meme cryptocurrency. The price of dogecoin climbed following his statements amid a crypto market downturn. Elon Musk Reaffirms Commitment to Dogecoin Tesla...
Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn
17.6.2022
Brutal economic conditions coupled with dramatically falling crypto prices have led to massive layoffs within the blockchain industry
Rock Legend Gene Simmons Owns 14 Cryptocurrencies — ‘I Have Not Sold a Single Position Since the Downturn’
17.6.2022
Rock band Kiss’ lead singer Gene Simmons has revealed that he owns 14 cryptocurrencies and has not sold any since the crypto market downturn. Gene Simmons Says ‘I am a Hodler’ Gene Simmons has reaffirmed that he is a hodler and has not sold any of his 14 cryptocurrencies since...
Ukraine-based blockchain firm announces 'we're still hiring' amid market downturn, war
15.6.2022
According to the CEO, Everstake had made preparations for a “special fund” to tide the firm over in the event of a bear market
SEC chair warns about 'too good to be true' returns amid market downturn
14.6.2022
Gary Gensler added that he continued to be “intrigued with the technology,” but did not directly address if the SEC would approve a Bitcoin exchange-traded fund
Morgan Stanley Says Ether Underperformance Echoes Crypto Downturn of 2018
14.6.2022
One difference this time round is that it's largely institutional investors driving sales. In 2018, the share of retail trading activity was much higher, the bank said
Crypto users take to Twitter to lament the ongoing market downturn
13.6.2022
What goes up must come down. And then go up again. Then come down again. And on and on and on
Blockchain Games Strongest Category Amid Crypto Market Downturn
8.6.2022
Blockchain games is the category within crypto that has resisted the industry downturn the most, with activity still being up 197% year-over-year, DappRadar’s Industry Report for May shows.
The sector’s resilience is clear despite a drop in the number of game transactions of 5% in May compared...
Bermuda confirms crypto hub ambitions despite market downturn
6.6.2022
“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
Report: Ripple CEO Brad Garlinghouse Hints at Future Mergers and Acquisitions
5.6.2022
While visiting the World Economic Forum (WEF) event in Davos, Ripple Labs CEO, Brad Garlinghouse discussed the firm’s growth opportunities and despite the crypto economy’s downturn, Garlinghouse spoke about future mergers and acquisitions. ‘I Think We’re More Likely...
2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down
5.6.2022
2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a series of layoffs due to the current market cooldown. The company declared that this action was motivated by the recent global financial scenario changes, making...