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Saudi-Backed Company Buys ESL For $1 Billion
24.1.2022
It’s being reported by multiple outlets that ESL, one of the world’s oldest and biggest esports companies, has been bought for $1 billion by Savvy Gaming, an esports investment company that is backed by the Saudi Arabian Government’s wealthy and controversial Public Investment Fund.Read more
SEC Has Taken 97 Crypto Enforcement Actions So Far — Crypto a Top Priority for Chairman Gensler
24.1.2022
The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital asset market participants. 97 Crypto Enforcement Actions Cornerstone...
Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions
23.1.2022
Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin...
Value Locked in Defi Slides 21% in 2 Weeks, $200B TVL Still 10x Larger Than This Time Last Year
23.1.2022
The value locked in decentralized finance (defi) has dropped 21.22% since January 4, 2022. At the time, the total value locked (TVL) in defi was $255.84 billion and today, the TVL is around $201.55 billion. TVL in Defi Loses $54 Billion in 2 Weeks While digital currency markets shed significant...
Despite the Drop in Crypto Prices, Weekly NFT Sales Reach $4.7 Billion, Increasing 81%
22.1.2022
While crypto markets shed billions during the last seven days, non-fungible token asset sales are still up 81% since last week. Statistics indicate $4.7 billion in NFT sales were settled in seven days among 326,733 buyers, and Ethereum saw a continued rise in NFT sales volume. NFT Sales Remain...
Report: A16z to Raise $4.5 Billion for Crypto Investments
21.1.2022
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year....
Andreessen Horowitz aims to raise $4.5 billion to invest in crypto funds
20.1.2022
Last week, A16z reportedly said it would raise $3.5 billion for its VC fund, as well as another $1 billion for web3 seed investments
Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse
20.1.2022
Microsoft, the software behemoth, announced today it had completed a deal to acquire Activision Blizzard, one of the biggest game developers and publishers in the gaming world. The deal, which involves an all-cash transaction valued at $68.7 billion, will give Microsoft ownership of important...
China’s Central Bank Digital Currency Now Has 261 Million Users — $14 Billion in Digital Yuan Transactions Made
20.1.2022
China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion yuan ($13.78 billion) have been made using the digital yuan and more than 8 million...
SCRT Labs Launches $400 Million Fund to Bolster Privacy Network’s Ecosystem and Application Layer
19.1.2022
On Wednesday, the Secret Network announced the launch of a $400 million fund in order to expand the application layer and provide grants to ecosystem participants that accelerate user adoption. The market capitalization for the network’s native token SCRT is the third-largest privacy-centric...
Japanese Internet Reacts To Microsoft's $70 Billion Proposal To Buy Activision
19.1.2022
The biggest news this week—probably this year—is Microsoft’s proposed $70 billion purchase of Activision Blizzard. Online, people have opinions about this massive event and its ramifications, and in that regard, Japan is no different. The way Microsoft’s flagship console is viewed by many...
Blockchain Firm Animoca Brands Raises $358 Million to Enhance Web3 and the Metaverse
18.1.2022
Animoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster the non-fungible token (NFT) industry and “build the open metaverse.” The capital raise follows the firm’s previous $65 million and $138.88 million raises last year...
Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs
18.1.2022
While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more...
Bitcoin miner Rhodium set for IPO, valued at $1.7 billion
18.1.2022
The Initial Public Offering (IPO) for Texas-based Bitcoin miner Rhodium Enterprises is another feather in the cap for the Bitcoin-friendly southern State
ETH 2.0 Contract Surpasses 9 Million Ethereum Worth $28 Billion
18.1.2022
The number of ether locked in the Ethereum 2.0 contract has exceeded 9 million ethereum or more than $28 billion using today’s exchange rates. The amount of ethereum locked into the contract has increased 22.29% since the first week of September 2021, when the contract held 7.4 million...
Microsoft Closing In On $50 Billion Deal To Buy Activision Blizzard
17.1.2022
In an extraordinary turn of events, the Wall Street Journal is reporting today that Microsoft is getting near to a deal to buy Activision Blizzard. Which not only would be one of the most major shake-ups in the gaming industry in years, but also could finally spell out the end for its horrendous...
$2.5 Billion in NFT Sales This Week, Volume Climbs 161%, Meebits NFT Sales Surge
16.1.2022
During the last seven days, there’s been $2.53 billion non-fungible token (NFT) sales, up 161% over the past week. Ethereum’s blockchain recorded the most NFT sales with $2.45 billion of the aggregate while the Solana network saw around $31.9 million in NFT sales this week. Across...
Value Locked in Defi Jumps 2.3% in 7 Days, Ethereum NFT Sales Dominate, Fantom TVL Jumps 26%
15.1.2022
On Saturday, January 15, 2022, the value locked in decentralized finance (defi) protocols across a number of blockchains has increased from $233.95 billion since January 8, to $239.44 billion. Curve’s total value locked (TVL) dominance today is 9.76% with its $23.38 billion TVL. Meanwhile...
Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum
15.1.2022
On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent 71.84% of the entire stablecoin economy’s value. This...
FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption
14.1.2022
The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.” FTX Reveals...