Is the GameFi Bubble About to Burst? | 2022 Q1 GameFi Industry Report

The crypto market saw a significant decline in 2022, but not all sectors faced the same trajectory. In 2022, the funding market has shown to be very active, with capital flowing into the GameFi industry at an unprecedented rate. The overall Q1 funding amount of the GameFi rose 194.19% year on year, with start-up game…

Another algorithmic stablecoin, DEI, loses peg

Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The stableocoin first lost its peg against the dollar on Sunday but fell further in the last 24 hours. Though it is gradually recovering, it’s still trading below a dollar….

Binance CEO does not think LUNA recovery plan will work

Binance CEO, CZ, has revealed that he does not believe that Do Kwon’s plan to save LUNA will work. Do Kwon announced a proposal to fork LUNA to a new version in order to save the ecosystem on May 13. CZ announced, “This won’t work. – forking does not give the new fork any value….

Luna CEO Do Kwon proposes forking LUNA, UST to reimburse hodlers

Luna Foundation Guard CEO, Do Kwon, has written a proposal that suggests forking LUNA to a new chain using a snapshot from before the attack. He details a recovery plan that includes giving the new blockchain to the community and not including the LFG wallet. The proposal The new chain would have a cap of…

SwissBorg report explains cause of the “death spiral” of UST

The Swiss-based crypto exchange, SwissBorg, has released a report on the risks surrounding Terra’s stablecoin, UST. The token is currently undergoing extreme volatility, trading at just $0.59 at writing. SwissBorg issued a risk warning to users on May 10 and paused withdrawals of UST on the same day, hours before Binance followed suit. The report…

Over 4M new Sweatcoin wallets created in less than a month

Sweatcoin has announced an increase of 4 million new Sweat wallets in the last 27 days. The new, user-friendly, move-to-earn application recently announced a partnership with Near Foundation to create a SWEAT crypto token.  The move to earn movement is heating up as more people realize that they can earn crypto while they walk. With…

Bitcoin.com completes $33.6M private sale for its new VERSE token

Bitcoin.com has completed a $33.6 million private sale for VERSE, its new ecosystem token. In a press release shared with CryptoSlate, the company said that the Verse platform will link the utility and rewards features of the VERSE token. Expanding the Bitcoin.com ecosystem with VERSE Bitcoin.com saw huge interest in the private sale of its…

Here’s what made Splinterlands the most active blockchain game

Since its launch in 2018, Splinterlands’ success demonstrates the game’s potential and its huge appeal to gamers. As of April 12, Splinterlands ranked first in daily active users and averaged over 350,000 daily users, about 100,000 users ahead of the second place Alien Worlds. In Splinterlands, players can participate in the game for only $10,…

Shiba Inu supply shrinking as 2.41 billion SHIB got burned

The price of the Shiba Inu (SHIB) token went up approximately 20% since the end of last week. The reason behind the rally is twofold: one is that 2.41 billion Shiba Inu have been burned, e.i. sent to so-called inferno wallets in order to make the popular dog token more scarce and lift its price….