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Crypto Investor Who Bet on DeFi Says China Crackdown May Help It - Bloomberg

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Arthur Cheong, who worked in oil trading before reinventing himself as a crypto fund manager, put money into a blockchain-based game called Axie Infinity last year.

The so-called play-to-earn game, where users can earn digital currency by taking part, was raising $864,000 through a private sale of its tokens. They cost 8 cents each at the time. They were worth about $124 as of Friday in Asia, according to CoinMarketCap.com, which translates into a gain of more than 150,000%. 

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October 10, 2021 at 11:00PM
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Crypto Investor Who Bet on DeFi Says China Crackdown May Help It - Bloomberg
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