Die SEC hat Klage gegen den ehemaligen FTX-Chef Sam Bankman-Fried eingereicht. In der Klage wird ihm vorgeworfen, US-Kunden betrogen und heimlich Kundengelder abgezweigt zu haben.
Metacade Could Triple Its Price in Presale, Experts Predict
Metacade is a brand-new metaverse platform that connects play-to-earn enthusiasts with exciting opportunities in the world of Web3 and GameFi. With its native MCADE token just starting its presale event, many investors are expecting big gains.
The project itself is well-positioned for success in Web3 and has plans for a big expansion. Metacade spans several key areas of technological advancement while offering a range of benefits to community members. In sum, Metacade has a broad value proposition that can serve countless people and avid traders are claiming the MCADE token could potentially triple in value over the coming weeks. But just how much can Metacade grow? It’s time to take a look!
GameFi: Pushing the Boundaries of Gaming
The term GameFi is a combination of “gaming” and “finance”, a new realm unlocked by blockchain technology. Moreover, the combination of playing and earning is made possible by sustainable liquidity generation within in-game economies. This is something that legacy games simply can’t even begin to match.
GameFi is a rapidly growing sector of blockchain technology. Integrated marketplaces form the foundation of a fully-functioning in-game economy where users can buy and sell digital assets to access gameplay features and customisable items. It’s also a space where players can earn while they play.
These days, we’re seeing an increasing number of innovative developers switch to building their games on-chain. Looking ahead, it’s only expected that the GameFi industry will grow even more. At the moment, gaming is a multi-billion-dollar industry with over 3 billion individuals around the world describing themselves as a gamer. Now, they can all access titles that provide rewards in the form of digital currency.
Being built on the blockchain, the process of buying and selling is a natural liquidity generator for GameFi platforms. This liquidity can be used to pay players for the time they spend in-game. Whether token rewards are gained through improving their skills, progressing through levels, or beating opponents, the play-to-earn aspect is an extremely attractive proposition to gamers from all over the world.
The Value of Virtual Reality
Right now, the metaverse is a hotbed of technological development. There are a range of virtual worlds being built with some being designed for leisure and others for work. Predominantly, these are being created to house massive open-world gaming titles that fully immerse players in sensational digital environments.
Blockchain gaming and the metaverse go hand-in-hand. Self-owned digital assets provide a greater level of user control and the metaverse itself provides users with a never-before-possible level of immersion. These characteristics combine to create almost life-like landscapes where players can explore, adventure, and – thanks to blockchain technology – earn.
One project that looks set to dominate this future domain is Metacade. The Metacade platform is building a sprawling metaverse that offers a range of arcade-style play-to-earn games alongside some unique benefits. The project is inherently community-driven, aiming to provide a host of useful services that can help to expand the world of GameFi and Web3.
What exactly is Metacade (MCADE)?
Metacade is a Web3 platform that’s positioned to be the one-stop space for P2E and Web3 gaming. Think of it as a sort of online arcade for crypto enthusiasts. Of course, instead of having just one game title, Metacade is going to host a whole range of games. And more excitingly, some of those games will be planned and developed by Metacade users.
In addition to offering a range of play-to-earn titles within Metacade, the project offers some unique earning opportunities to users. Metacade aims to encourage the continued growth of the GameFi sector by incentivising a community-centric approach to tackling the latest play-to-earn games.
Simply put, users can share their knowledge of their favourite games, such as tips on how to improve performance or how to maximise earning potential. Then, Metacade will reward users for sharing and engaging with the community.
Special roles in GameFi
The Metacade community also gains access to some unique job opportunities. Some of the best up-and-coming GameFi games will advertise testing roles within the Metacade metaverse, looking for GameFi enthusiasts and Web3 natives to look for bugs and provide feedback.
This will be an amazing opportunity to access the hottest games before they officially go live. The Metacade community can play these titles and earn MCADE tokens as a reward for the service they provide to the game development teams.
Boosting innovation
Metacade has also incorporated a feature that will allow the best innovators in GameFi to launch their creations into the world of Web3. Funding is an integral aspect of the development process. For games to reach their full potential, and fully deliver on the baseline ideas that gamers want to see, then early-stage funding is crucial.
The Metagrants program has been designed to help game developers in this process. Community members will decide which game proposals they’d most like to see developed and can vote for one winner to receive the grant as part of the program. In this way, the Metacade community will directly influence the future of the GameFi industry as they get to form early relationships with innovative developers and lend a helping hand during the development process.
Why does Metacade (MCADE) have such high potential in particular?
At the moment, the MCADE token is underpriced – significantly underpriced. The token has just started its presale, so early investors have a prime opportunity to make some major gains as the ground-breaking metaverse world continually grows.
The project has taken a strong position at the intersection of technology sectors that are constantly expanding. Between 2016 and 2021, the total number of crypto holders grew from less than 5 million to almost 300 million. That’s a 59X increase in just 5 years.
During that time, the industry has seen major technological improvements in some key areas. dApp ecosystems such as Ethereum and Solana have improved transaction speeds, which massively favours the future of Web3. Metacade looks to serve Web3 users in a number of key ways, connecting the community and providing crypto rewards in the process.
MCADE Price Prediction
With so many amazing features on offer, the Metacade project looks set to be a major player in the metaverse. Whether being discussed in terms of innovative decentralised applications (dApps), pushing forward technological development through the metaverse, or in terms of providing exclusive earning opportunities to gamers with a selection of arcade-style games, the Metacade project is truly expansive.
Since the MCADE token is only just starting its presale, crypto investors everywhere are keen to get involved. Expert traders are expecting between 100% and 200% gains with some saying it could go even higher than that. One thing is for certain, the MCADE token is currently underpriced and it’s being released for just $0.008 per token during the presale. With all the value being offered, it may rival the biggest GameFi platforms the world over in the coming years.
You can participate in the MCADE presale here.
The post Metacade Could Triple Its Price in Presale, Experts Predict appeared first on CoinJournal.
Es hört nicht auf: SEC will ehemaligen FTX-Chef SBF anklagen
Sam Bankman-Fried wurde nun verhaftet und soll an die USA ausgeliefert werden. Wenn er dort ankommt, warten viele Anklagen auf ihn.
BNB price dips as Binance withdrawals take centre stage amid FUD
- A lot is going around about Binance payout problems, dwindling reserves, sanctions violations, and investigation by the US Attorney’s office.
- As a result withdrawals from the exchange have surged in the past 24 hours.
- Binance had earlier today temporarily halted withdrawals of USDC on ETH and BNB chains.
BNB price has taken a hit amid the ongoing online discussions about a number of issues with the largest cryptocurrency exchange Binance. At press time the BNB coin was trading at $268.55, down 5.30% over the past 24 hours.
Last week, Binance released a report by an auditing firm called Mazars that showed that its bitcoin (BTC) reserves were overcollateralized. The report received sharp criticism from industry experts who argued that the document lacked clarity.
Then on Monday as reported in our earlier news, Reuters reported that the US prosecutors were mulling criminal charges for possible money laundering against Binance and its executives including Changpeng Zhao.
Although the events seem to be negatively affecting the crypto exchange and its native token, BNB, the CEO, Changpeng Zhao, in a tweet has urged his followers to “ignore the FUD.”
Increased Binance withdrawals
Binance saw a wave of withdrawals on Monday and it seems the trend has carried on to today. According to blockchain intelligence platform Nansen, the net worth of the difference between the crypto assets arriving and leaving the exchange has hit $902 million over the past 24 hours. This is far more than the withdrawals of all the other centralized exchanges in the same time span. To put it into context, Binance withdrawals are almost nine times greater than those from the second-largest exchange outflow.
According to data from blockchain data platform Arkham Intelligence, the current crypto outflow from Binance is the highest that the exchange has seen since November 13, which was days after FTX filed for bankruptcy protection.
An analyst from Arkham however noted that the outflows from Binance do not seem notably anomalous since Binance supposedly has about $64 billion worth of crypto assets in its reserves.
Out of the cryptocurrencies that users seem to be massively withdrawing from Binance is the USDC, which caused Binance to temporarily halt USDC withdrawals earlier today. In a tweet, Binance said that it had paused the withdrawals since it was “conducting a token swap involving $USDC. As a result, $USDC withdrawals are temporarily paused.”
The exchange also went ahead to assure its customers:
“$USDT & #BUSD withdrawals are available and unaffected. $USDC withdrawals will reopen once the token swap is completed.”
Binance CEO Changpeng Zhao also tweeted saying:
“On USDC, we have seen an increase in withdrawals. However, the channel to swap from PAX/BUSD to USDC requires going through a bank in NY in USD. The banks are not open for another few hours. We expect the situation will be restored when the banks open.”
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JP Morgan: 13% of Americans have transferred money into crypto accounts
- JP Morgan has released a new report showing that more than 13% of the American population have transferred funds into crypto accounts.
- The research sampled 5 million customers with checking accounts, 600,000 of whom had transferred money into a crypto account.
- Most new investors first fund a crypto account during spikes for Bitcoin price, according to the report.
Nearly 44 million Americans have ever transferred money into a crypto-related account, according to details shared in a new report by JP Morgan.
In a report titled ‘The Dynamics and Demographics of US Household Crypto-Asset Use’, released on 13 December, the financial giant estimates that about 13% of the population has sent money to a crypto account. Per the bank’s data, involvement in crypto by the general population spiked during the COVID-19 pandemic, with more money finding its way into cryptocurrency investments as individuals’ personal savings also increased.
The report covered close to 5 million active checking account users, more than 600,000 of whom were shown to have transferred funds to crypto accounts.
Transfers to crypto accounts tripled between 2020 and 2022
Cryptocurrency adoption across the United States has been steady, with other statistics suggesting similar adoption rates to what’s contained in this latest report.
While JP Morgan says that only a tiny fraction of the US population was in crypto five years ago, its researchers found that the last three years have witnessed a huge jump in adoption. From the sample indicated, the banking giant estimated that crypto users in the US increased from a pre-pandemic population share of less than 3% to almost 15% by mid-2022.
Of those to fund crypto accounts from their checking accounts, the research data shows a 300% spike. Cumulatively, only 3% of the population had transferred funds into a digital asset-related account prior to the pandemic.
That figure more than tripled in the last three years, with the trend seeing more than 43 million Americans, or 13% of the population funding crypto accounts.
New investors increase when Bitcoin price spikes
Another observation from the research is that funding of crypto accounts is that the transfers have largely come at a time when the price of Bitcoin is going up. Large volumes occur during bull markets or sharp rallies, with the trend going back to 2015, JP Morgan said.
For most new users, the deposits span a few days and have coincided with the price of bitcoin seeing a trailing monthly change of +25%. It is this time that many people look to trade Bitcoin and other cryptocurrencies.
Also observable is that most investors only make small transfers to their crypto accounts – less than a month’s pay. Indeed, the median transfer for the majority of investors is $620. Nonetheless, about 15% of individuals transfer more than a month’s worth of income. The share is even higher among high-income individuals.
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