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Axie Infinity token AXS gains 40% after taking steps to avoid ‘permanent economic collapse’

The price of the Axie Infinity (AXS) token has surged by nearly 40% in three days. AXS rallied to over $65, its best level in more than two weeks, as Axie Infinity revealed a revamped reward structure for its player-vs-player (PVP) competition round.In detail, the play-to-earn startup expanded its number

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Sheila Warren Leaves World Economic Forum to Lead Crypto Lobbying Group

“We are excited for the organization's next chapter under her leadership, demonstrating and communicating the transformational benefits of crypto to policymakers, regulators, and people around the globe,” Fred Ehrsam, co-founder and managing partner at Paradigm and CCI board member, said in a press release. Source

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First Mover Asia: Fed Tightening, Economic Woes Continue to Spook Crypto Investors

Good morning. Here’s what’s happening:Market moves: Bitcoin and ether go down and then up; altcoin prices are mixed.Technician's take: BTC appears oversold into the Asia trading day, but upside remains limited.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $42,463 +0.8%Ether (ETH):

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First Mover Asia: Bitcoin Continues Its Sluggishness Amid Darkening Economic Signs

Good morning. Here’s what’s happening:Market moves: Bitcoin's price hovered above $43,000 as investors looked for signs that the cryptocurrency's price had hit a bottom point.Technician’s take: Support remains intact, which could keep BTC buyers active over the short term.Catch the latest episodes of CryptoX TV for insightful interviews with crypto

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Global Economic Crisis Spurs Crypto-Comeback, CEO Says

Although coronavirus conditions have created global economic difficulties, cryptocurrencies could see growth amid the struggle, according to one blockchain incubator's head."Short-term: digital currencies suddenly look appealing," Polyient Labs CEO Brad Robertson told Cryptox in a May 1 email. "If someone only looked back at the last two weeks, they might think

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