Day: June 21, 2022
Business

GameFi continues to grow despite crypto winter: DappRadar report

[ad_1] Blockchain games were the subject of the latest DappRadar x BGA Games Report #5, published on June 21. The report looked at healthy ecosystems and investments coming into the GameFi and Metaverse markets.Several projects were covered in detail in the report, which outlined their continued success and growth. Splinterlands, Illuvium, Galaverse, and STEPN have continued to bring new players to their platforms, gain financial interest, and expand their businesses.Dappradar
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BLOCKCHAIN

Leading Solana NFT Marketplace, Magic Eden Raises $130M After Reaching $1.6B Valuation

[ad_1] The leading NFT marketplace on the Solana network, Magic Eden, has raised a total of $130 million in a Series B funding round. This funding round was co-led by Electric Capital and Greylock. The seeding round, announced on Tuesday, values the platform at $1.6 billion, making it level with Series B of OpenSea, the top Ethereum NFT marketplace. OpenSea is already valued at $13 billion after its Series C
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ALTCOIN

Bitcoin Recovers to $21,000, but Traders Wary of Further Rally 

[ad_1] Bitcoin (BTC) showed early signs of recovery as it extended its second day of gains on Tuesday, holding over the $21,000 barrier in European hours. Even though established banking firms Morgan Stanley (MS) and Goldman Sachs (GS) said in client notes that recession risks were "not fully priced in," the spike still occurred. Morgan Stanley said in its note that "The bear market will not be over until
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BLOCKCHAIN

Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation

[ad_1] On Tuesday, Magic Eden, a popular nonfungible tokens (NFTs) platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm and Sequoia Capital  valued the firm at $1.6 billion.The newly-infused capital will be used to expand the
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Business

Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts

[ad_1] Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June, using the proceeds from the sale to reduce its debt.In a Tuesday announcement, Bitfarms said it had sold 3,000 Bitcoin in the last seven days, roughly 47% of the crypto mining firm’s roughly 6,349 BTC holdings. According to the company, it will use the funds from the BTC sales — $62 million — to
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BLOCKCHAIN

90% of Central Banks are researching the utility of CBDCs

[ad_1] In a new annual economic report published by the Bank of International Settlements (BIS), the financial institution revealed that approximately 90% of central banks worldwide are investigating the feasibility of adopting central bank digital currencies, or CBDCs.The BIS report highlighted the ability of current sovereign fiat money to provide (relative) price stability and public oversight while criticizing crypto's inability to perform "basic fundamental functions of money" and their opacity
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