Decentraland, Axie Infinity and The Sandbox have big valuations, but a low number of active users, compared with traditional games Author: Sam Reynolds
Metaverse Majors Struggle as User Base Falls Short of Market Expectations
First Mover Asia: Singapore Wants More Control Over Crypto Companies That Call It Home but Aren’t There; Major Cryptos Drop
Many crypto companies, especially those with roots in Asia, choose to register their companies in Singapore, but the city-state has grown uncomfortable with the scale of this arrangement; bitcoin fell sharply after hawkish remarks by Fed Governor Lael Brainard. Author: Sam Reynolds, Damanick Dantes, James Rubin
Market Wrap: Bitcoin and Stocks Briefly Dip After Fed Comments; DOGE Rallies
Bitcoin (BTC) traded roughly flat over the past 24 hours, compared with a 17% rally in dogecoin (DOGE), while WAVES dipped. The dispersion in crypto returns suggests some caution among traders amid macroeconomic risk. Author: Damanick Dantes, Angelique Chen
Treasury’s Yellen to Deliver First Speech on Crypto in US Economy
Treasury Secretary Janet Yellen has scheduled her first speech devoted entirely to digital assets and their place in the U.S economy. The Thursday remarks are expected to track closely with the sentiments already expressed in President Joe Biden’s recent executive order. Author: Jesse Hamilton
German Authorities Shut Down Russian Darknet Market, Seize $25M in Bitcoin
The marketplace’s bitcoin privacy mixer complicated the investigation, police said. Author: Eliza Gkritsi
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