Axie Infinity (AXS) has dropped by roughly 90% after peaking out at $172 in November 2021. AXS’s sharp correction has made it one of the worst performing digital assets among the top-ranking cryptocurrencies. Moreover, it could undergo further declines in the coming months, according to a mix of technical and fundamental catalysts listed below. Low player count dampens AXS demand…
What is an investment DAO? A decentralized autonomous organization (DAO) that raises and invests capital into assets on behalf of its community is an investment DAO. Investment DAOs tap into the power of Web3 to democratize the investment process and make it more inclusive. DAOs can have their units in tokens that are listed on a crypto exchange. The community…
After April’s consumer price index (CPI) report was published, a number of American economists and bureaucrats said that inflation had peaked and it was possible that inflation would subside. However, statistics from the U.S. Labor Department indicate the CPI increased 8.6% from a year earlier, as the month of May’s inflation data reached another lifetime high. CPI Data From May…
Kudzai Kutukwa is a passionate financial inclusion advocate and was recognized by Fast Company magazine as one of South Africa’s top 20 young entrepreneurs under 30. In July 1944, in Bretton Woods, New Hampshire, over 730 delegates from 44 countries gathered at the Mount Washington Hotel in what became known as the Bretton Woods Conference. The main agenda was to…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Before its agonizing implosion last month, Terra’s ecosystem enjoyed nearly 15% of all DeFi market share. This made it the second-largest hub for all things decentralized finance, according to data from DeFiLlama. But when a $40 billion network collapses and investors head for the hills, where do they run to? First, let’s look at protocols like Ethereum, Avalanche,…
The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the emissions generated due to a company’s cash and investments, such as cash, cash equivalents and marketable securities. The report revealed that for several large companies, such as…
A decentralized digital network is not controlled by a central authority. Instead, control is distributed among its users. There is no single server or point of command. Rather, the network is run on a peer-to-peer basis, with each user wielding equal power and responsibility. A great example of a decentralized network is the internet, itself, which is not controlled by…
NEAR fell to a one-month low to start the weekend, as prices moved below their long-term support point. WAVES was also lower during Saturday’s session, falling by as much as 14%. Overall, crypto markets are down nearly 5% as of writing. Near Protocol (NEAR) NEAR was one of the most notable movers to start the weekend, as prices fell by…
Rep. Madison Cawthorn caught a lot of flak this week for being late to disclose $950,000 worth of cryptocurrency trades that included Bitcoin, Ethereum, and Solana. But he’s far from the only person in Congress who’s traded crypto, and not alone in filing his reports late. According to the STOCK Act, which was passed in 2012, members of Congress, their…
It was June 2021 in Miami. Thinking back to that day, I recall the crowds and lines: It was a hot summer afternoon, the first Bitcoin event I’d attended, and one of the first outings I’d been to in over a year following the pandemic. To say that I was uncomfortable, both socially and physically, was an understatement. If that’s…
