Die New Yorker Staatsanwaltschaft wirft der CoinEx „betrügerische Geschäftsaktivitäten“ vor und will deren Betrieb im eigenen Bundesstaat unterbinden.
Circle to increase staff by 25% months after aborting plans to go public
- Circle’s move comes at a time when many firms in the industry are laying off workers.
- 41% of company layoffs in 2023 have so far come from the crypto industry.
- It also comes months after Circle aborted plans to go public.
USDC issuer Circle is planning to increase its staff by 15% to 25% just months after it aborted plans to go public in December 2022.
Circle had planned to become a public company through a merger with special purpose acquisition company (SPAC) Concord Acquisition before the two firms mutually called off the plan. Circle’s chief financial officer Jeremy Fox-Geen, however, said that the firm still plans to go public once the market conditions are better.
Circle is increasing its workforce at a time when a good number of crypto firms have announced staff layoffs.
2023 crypto layoffs
Polygon Labs is the latest cryptocurrency firm to announce layoffs.
In a period of almost two months, about nine crypto firms including crypto exchanges have announced layoffs. Some of the companies that have announced layoffs include Coinbase, Huobi, Chainalysis, Gemini, Wyre, Crypto.com, Bittrex, and Genesis.
While the crypto industry is not the only one suffering from staff layoff, it accounts for about 41% of all layoffs in 2023 so far.
Other non-crypto firms that have announced layoffs this year include Google, Microsoft, Salesforce, and Amazon. The four companies have laid off about 48,000 people in 2023.
Circle, therefore, seems to be going against the tide.
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Stacks releases two whitepapers: STX price shoots up 31%
- Stacks blockchain was designed to bring smart contracts and dApps to Bitcoin.
- Stacks is providing a way to transfer assets to and from Bitcoin using smart contracts.
- Its releases today advance its aim of making Bitcoin a more programmable smart contract hub.
The price of STX, the native token of the Stacks blockchain, has risen by more than 143% over the past week besides today’s surge of 31.73% at press time. The reason for today’s Stacks price surge is mainly because of two major whitepaper releases by the Stacks blockchain as it continues with its goal of making the Bitcoin blockchain a more programmable smart contract hub.
Stacks’ is a Layer-1 blockchain solution that aims works on bringing smart contracts and decentralized applications (dApps) functionality to the Bitcoin blockchain. Bitcoin by design is a proof-of-work (PoW) blockchain with no in-built smart contracts capabilities.
The two Stacks whitepapers
The first whitepaper release is titled “sBTC whitepaper” while the second whitepaper release is titled “stacks whitepaper.”
The sBTC whitepaper introduces a newly proposed asset referred to as sBTC that will act as a trustless two-way Bitcoin peg to allow for the swift transfer of assets to and from the Bitcoin blockchain. In essence, the sBTC will allow Bitcoin to become a more secure Web3 hub by enabling trustless writing to Bitcoin and the movement of Bitcoin in and out of Bitcoin layers. The transactions will be secured using 100% of Bitcoin hash power.
The sBTC complements Stacks 2.0 which introduced “read” access to the Bitcoin protocol.
The stacks whitepaper (Nakamoto Release) adds important capabilities to the Stacks protocol to enhance its power as a Bitcoin layer. The whitepaper introduces a number of changes that are to be made to the Stacks protocol in order to enable the trustless functionality of the newly proposed sBTC asset.
While the release of the two whitepapers is a major milestone for Stacks, it is also a major boost for the Bitcoin economy. sBTC will introduce a new era of Bitcoin applications, which will in turn unlock $300B+ within the Bitcoin ecosystem in latent capital for Web3 and also accelerate the growth of the Bitcoin economy.
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Krypto-Lobbyverband: Regulierung darf nicht „hinter verschlossenen Türen“ stattfinden
Auch wenn viele US-Politiker nach dem Kollaps der FTX das Vertrauen in Krypto verloren haben, hält Kristin Smith es für notwendig, dass die Regulierung der Branche vom Kongress ausgeht.
Cronos Price Rallies While Metacade Shoots for the Moon
2023 looks set to be a year when crypto markets begin to rebound after the long and varied struggles of 2022. Some altcoins, such as Cronos (CRO), are already showing signs of improvement, with price rallies in the early months of 2023, leading analysts to forecast better times across the board for cryptocurrencies.
One coin that looks set to exceed others as markets improve during 2023 is Metacade’s MCADE token. Here’s why Metacade is shooting for the moon and offering investors an exciting opportunity in 2023 and beyond.
What is Metacade?
Metacade is building the most prominent virtual gaming arcade in the metaverse with a vast array of classic and modern play-to-earn (P2E) games. Aimed at gaming enthusiasts and crypto fans, Metacade intends to attract a growing online community with the goal of driving the Web3 gaming world forward. Built on the Ethereum blockchain, Metacade offers casual gamers and the seasoned online tournament competitor a unique opportunity to play, earn and interact in real-time.
With Metacade’s powerful P2E infrastructure, users can receive crypto rewards for actively participating in and building up their community. The Create2Earn scheme encourages social engagements with the hub by offering incentives every time someone posts content on its various outlets. From engaging in live chats, contributing to Reddit-style subforums, writing game reviews, or providing gaming tips, there is no shortage of ways people can earn passive income from interacting with Metacade.
Perhaps the most exciting of Metacade’s many varied features is their pioneering Metagrants scheme, which promises to push GameFi to new heights while incentivizing members to take full ownership of the hub’s direction.
From Q3 2023, developers can raise applications for funding in the form of a Metagrant to support the development of new games exclusive to Metacade. Each submission goes into a pool before undergoing a vote from MCADE token holders to determine the most popular ideas. Winning ideas will go into development with the backing of a Metagrant. The first title will hit Metacade’s virtual arcade in Q1 2024.
How does MCADE work?
The MCADE token is the governance and utility token behind Metacade’s exciting road map, underpinning all development and transactions on the platform. While revenue flows from several internal and external sources into the multi-signatory treasury wallet, a limited number of MCADE tokens will be in circulation in order to maintain the value of the coins.
Community members contribute to the platform’s upkeep and running through several routes. The Compete2Earn scheme is a token-staking program in which users stake MCADE coins to enter online tournaments and prize draws. Those who enter have the opportunity to share in significant prize pools. Meanwhile, MCADE tokens are also used by players wishing to experience the platform’s range of pay-to-play titles.
External funding comes from companies wishing to buy advertising space on the platform, use Metacade’s launchpad tool to release their own titles, and post career opportunities on the jobs board from Q1 2024.
MCADE price prediction
After launching its presale beta phase at $0.008, the token price has now increased to $0.014 in stage 4 of presale. In just ten weeks, Metacade raised over $5 million – an investment that has rocketed to $7.2m in its current presale round. When the presale concludes and MCADE hits centralized and decentralized exchanges, the token value will be $0.02.
Predictions are that the value of MCADE will surge at this stage as the scramble for tokens intensifies. Analysts forecast that MCADE could reach $0.30 by the end of 2023 and $2 by the end of 2025, as Metacade is crucial in driving Web3 gaming forward. The long-term value for investors is apparent, with predictions of the coin reaching $5 by the end of 2023.
What is Cronos (CRO)?
Cronos is a decentralized open-source, public blockchain designed to produce energy-efficient blockchain transactions while guaranteeing low-cost and high-speed functionality. The platform aims to support creators of dApps, DeFi solutions, and GameFi titles on their way to producing an open metaverse.
The CRO coin began as the Crypto.com Coin, one of the biggest centralized crypto exchanges. The ecosystem is designed to protect users from fraudulent chargebacks while allowing investors to trade on Crypto.com at a discount by paying transaction fees with CRO tokens.
Thanks to Crypto.com’s excellent trading, payment, and DeFi solutions, CRO token holders gain utility with their holding. At the same time, holders also have the opportunity to serve as a validator on Crypto’s blockchain, earning passive income for each transaction undertaken on the platform.
CRO price prediction
Cronos is currently trading at $0.0796, more than 90% lower than its all-time high of $0.96, which was recorded during the height of the bull market in November 2021. The excellent news for CRO token holders is that analysts predict significant growth between now and the end of the year.
Projections for CRO in 2023 suggest that the coin could reach $1.07 by the end of the year, growing to $1.44 by the end of 2025 and potentially threatening the $5 barrier by the end of 2030. This would represent enormous gains based on Cronos’ current value.
MCADE vs. CRO: Which is the best investment?
Metacade and Cronos both make compelling investment cases for investors in the short and longer-term, offering potentially rich rewards. The best investment choice looks to be MCADE due to its rich project roadmap that promises to keep the platform evolving while driving wider development and innovation in the wider blockchain gaming sector.
The presale is expected to sell out quickly, so investors should purchase MCADE tokens now to maximize their potential returns and avoid missing out on this outstanding opportunity.
You can participate in the Metacade presale here.
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