Nachdem Singh im Strafverfahren eine Einigung erzielt hat, will sich der ehemalige FTX-Chefentwickler auch in den zivilrechtlichen Verfahren mit SEC und CFTC einigen.
Sweat Economy’s SWEAT token and Web3 wallet app set to launch in the US this year
- Sweat Economy is a web3 project that seeks to unlock the economic value of movement.
- Its Web2 Sweatcoin app has been available in the US market since 2016.
- It is set to re-launch its SWEAT token and Sweat Wallet after a previous launch was frozen.
Sweat Economy, a Web3 project seeking to unlock the economic value of movement, is planning to re-launch its Sweat Wallet application and its native token, SWEAT, in the United States later this year.
The launch is scheduled to coincide with the first anniversary of the venture’s global launch on September 12.
The Sweat Wallet
Sweat Economy operates a Web2 application called Sweatcoin app which has been available in the US market since 2016. The app rewards millions of US users with loyalty points called ‘Sweatcoins’ for the steps they make when walking.
Last year in September, Sweat Economy launched its native token called SWEAT alongside its Web3 wallet application called Sweat Wallet but it failed to pass the regulatory barriers in the US. The wallet, which currently operates in other parts of the world, has been consistently ranked top 10 Blockchain Dapps on DappRadar their Token Generation Event (TGE) in September 2022.
The US customers were however locked out of the original Token Generation Event (TGE) making them unable to receive their $SWEAT allocations or start generating new $SWEAT tokens by walking.
Distributing SWEAT tokens to US users
But that is set to change starting September 12, 2023, when US residents will be able to install the Sweat wallet application. Starting on that date, US Sweatcoin app users will receive their allocations of SWEAT in proportion to their current ‘Sweatcoin’ holdings and can start earning more SWEAT tokens for their steps right away.
Explaining the US SWEAT tokens distribution, the team emphasized that tokens will not come from additional token emissions but from existing token allocations.
Commenting on the new development, the Founder of Sweat Economy Oleg Fomenko said:
“It is a great pleasure to finally bring Sweat Wallet to the US market. Since last year, we have been inundated by requests from our US users, who have been desperate to… literally… walk into crypto. Although we wish we could have made this announcement last year – better late than never! It’s wonderful to announce the good news to our millions of US-based users now.”
In addition to earning SWEAT tokens for walking, users will also be able to access a crypto trading facility, learn and earn, and play the Sweat Hero NFT game, all from the Sweat Wallet app.
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Experts Optimistic About Metacade and EOS Price Predictions for 2023-2030
Crypto market investors are looking to put a rough 2022 behind them. With the first signs that the bear market might be easing, investment circles have been turning their attention to the process of identifying the next big thing to maximize their crypto returns this year and over the longer term.
While EOS has seen a significant fall since the highs of 2018, there are some who believe the project might now be in a position to climb back up the charts, and more than one EOS price prediction is reflecting this shift in sentiment.
A new and disruptive GameFi project, though, is really generating buzz across the investment world currently. Metacade is stealing the investment limelight, as those looking for profits jump into a red-hot presale in the hopes of securing their seat on the exciting ride awaiting its holders.
Metacade could lead the market revival as Presale Nears Sell Out
Metacade initially excited investors, thanks to its landmark whitepaper released in 2022. It defines a plan that could realistically see Metacade at the heart of the GameFi movement, one which many analysts are predicting to see explosive growth over the coming years.
This excitement has led to a massive crush on the project’s presale, with an astonishing $8.3m raised in just 14 weeks. Since then, the pace of interest has continued virtually unabated, as the total amount continues to increase, with the presale now in stage 5.
What is Metacade?
Metacade is a project of epic proportions, having laid out compelling plans to revolutionize gaming and transform the space. By creating a virtual P2E arcade, it’s aiming to set up a one-stop gaming destination for gamers to make the most out of their favorite hobby, with opportunities to earn an income in the process.
By building the largest play-to-earn (P2E) arcade on the planet, Metacade is putting the pieces in place to enable it to dominate the GameFi market for years to come. A strong community focus combined with lucrative rewards to help entice further growth, the platform looks well-placed to expand rapidly over 2023 and beyond.
How Metacade Works
Metacade is fueled by the MCADE token, which functions as the ecosystem’s currency. It is used across an extensive rewards system, which allows gamers to earn for playing games of all varieties. This means that regardless of whether gamers prefer solo campaigns, playing socially with friends, or trying their hand at beating the best the community has to offer in competitive tournaments, Metacade has them covered.
The MCADE token also supports staking, meaning that investors are heavily incentivized to hold for the long term. With a supply of just 2 billion and staking rewards paid out in stablecoins to avoid inflating the circulating supply, holders of the token have clearly been carefully considered when designing how the token functions across the platform.
Can EOS reclaim its 2017 highs?
EOS has faced a painful few years, and while the project was once one of the darlings of the crypto market news, it has since lost the vast majority of the momentum it once had. With issues relating to banned addresses and ICO fraud settlements with the SEC, the project has destroyed much of its appeal, reflected in most EOS price predictions for a while now.
Some experts are now saying that they believe this is the perfect time for EOS to begin a slow climb back up to its previous highs, and if the project can start to regain some momentum, it could well see the price reflect an increased level of optimism.
Metacade Price Prediction
While the EOS price prediction is conservative, Metacade’s is anything but. As the project has releases planned for later in 2023, we can expect user growth to place a large amount of demand on the MCADE token. Based on the high appeal of the project, it is expected to drive the price of MCADE up by around 50x, all the way to $1 following its general release.
With user growth likely to continue for many years to come, a $7 MCADE in 2025, increasing to $15 by the end of 2030, seems like the minimum that most investors are expecting from the project.
EOS Price Prediction
If the bottom is in for EOS, it certainly makes for a more positive EOS price prediction than it has seen in a while. Should the project be able to capture some of the enterprise use cases arriving on the market, 2023 could see the EOS token price rise to $2 as renewed interest hits.
If it can build on that momentum, we could see the EOS price continue to increase, reaching $4 by 2025 and perhaps even a lofty $10 by 2030.
Metacade appears to be a superior investment choice overall
While EOS may have some more positive times ahead of it than it has seen in the past, the returns are still very modest compared to the high potential for big gains represented by the Metacade project.
With a limited amount of MCADE available in the presale and ever-increasing exposure as its stages continue to sell out, it’s clear that the window for this potentially life-changing investment is sure to close in no time at all.
You can participate in the Metacade presale here.
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Silvergate stock crashed 50% on Thursday: here’s why
- Silvergate Capital delayed submission of its annual 10-K report.
- JPMorgan downgraded Silvergate stock to underweight today.
- Silvergate Capital is now down 65% versus its year-to-date high.
Silvergate Capital Corp (NYSE: SI) was cut nearly in half this morning after it delayed the submission of its annual 10-K report.
What Silvergate said in its SEC filing
The crypto bank is facing an existential crisis following the FTX fiasco in early November. On Tuesday, Silvergate Capital said in a filing with the U.S. Securities and Exchange Commission (SEC):
The Company is evaluating its ability to continue as a going concern [and] is in the process of reevaluating its businesses and strategies in light of the business and regulatory challenges it currently faces.
The lender also confirmed that it had to offload more assets than expected over the past two months, which could weigh on its capital ratio. Silvergate stock is now down about 65% versus its year-to-date high.
Silvergate stock gets multiple downgrades
Also on Thursday, JPMorgan analyst Steven Alexopoulos downgraded the financial services company to “underweight” citing continued liquidity challenges.
In the backdrop of challenged environment, short-sellers appear to have contributed to a bank-run of sorts with Silvergate reporting a much greater level of deposit outflows than anticipated in Q4 and this likely continuing.
In its latest reported quarter, Silvergate Capital had $1.0 billion of loss.
Coinbase also announced today that it had stopped payments to or from the crypto bank. Analysts at Canaccord Genuity also downgraded Silvergate stock on Thursday and trimmed their price target o $9.0 a share.
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5 Games You Must Try for Play to Earn Bitcoin
Bitcoin, despite its fall in the last year, still remains a welcome activity for many. And the fans of online games do not lose the desire to try to earn such coins through the gameplay.
The same way you can earn bitcoin by playing online casinos like, SlotsLV, you can today also earn by playing regular web3 games, which is called “Play-to-Earn.”
It is worth noting that winnings or earnings in bitcoins can be volatile and depend on various factors, such as fluctuations in the bitcoin exchange rate, the size of the reward in the game, or other factors related to the platform. However, games that offer opportunities to earn bitcoin can be an exciting and innovative way to make money – and worth considering.
Let’s now look at the games where you can play and earn bitcoins.
Bitcoin Pop
It’s a simple yet addictive game that lets you earn bitcoins by playing an addictive puzzle game on your smartphone. It combines the classic format of the game “Bubble Shooter” with cryptocurrencies.
The players’ goal is to control a cannon that shoots colored balls at a group of others. They have to destroy them to earn points. Of course, it becomes more challenging to beat the balls with each subsequent level. Therefore, you need to stock up on logic to solve this puzzle. Each level has a limited amount of time, which means players have to be faster if they are to earn BTC.
To play, you need to connect bitcoin chips to earn bonuses and level up. You can then withdraw coins to a bitcoin wallet when you get enough points.
Bitcoin Pop offers a fun classic “Bubble Shooter” game.
If you are a fan of the classic game “Bubble Shooter” and want to earn cryptocurrency, this option will be the best. The simple implementation and the possibility of earning have already led to many people being interested in the game. However, it is essential to remember responsibility while playing.
CryptoSkull
CryptoSkull is a gambling game where you can also earn bitcoins. This is the prototype of the classic tic-tac-toe game. But the advantage of the game is the use of cryptocurrencies.
The playing field has 9 cells. In turn, all players fill them with the corresponding symbols. This happens until one of the players wins (the rules are no different from the regular game). In this case, the winner receives a win, the amount of which depends on the size of the bet in bitcoins.
To start playing CryptoSkull, register on the site and top up your wallet.
Want to earn bitcoins with a game – try CryptoSkull. The game is an excellent option for those who love classic tic-tac-toe and want to have fun.
Fold AR
An augmented reality (AI) based game that allows users to earn bitcoins. This requires virtual paper wallets and collecting BTC. You can play on a smartphone or tablet. All you need is to use the camera to display the virtual wallets.
To collect more coins, you need to move your smartphone around the virtual wallets and tap on the screen to collect coins. For good earnings, you need to complete tasks and unlock new levels.
Fold AR is a very interesting AR game with an exciting gaming experience.
Fold AR is an augmented reality game that allows players to earn Bitcoin
Bitcoin Bounce
In this arcade game, you have to control the ball and bounce it off the obstacles. For good results, you will be rewarded with bitcoins. For good results, you will be rewarded with bitcoins. The game’s main goal is to collect as many bitcoins as possible without losing the ball. Want to earn more? Make sure the ball stays in play for as long as possible.
The game has several levels of difficulty, each requiring different skills and playing strategies. Hence, why it’s considered one of the best Play-to-Earn games out there today.
The player has three lives, and the game ends if the ball hits the ground three times.
Game features:
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arcade gameplay;
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several levels of difficulty;
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opportunity to earn bitcoins and other cryptocurrencies.
Bitcoin Blast
Bitcoin Blast is a mobile game that lets you earn bitcoins by solving puzzles. Players can collect combinations of symbols, earning bonuses that can be converted into bitcoins. In addition, the game has a rating where you can compete with other players for prizes.
The game is easy to use and requires no special skills from users. It also provides an opportunity to earn bitcoins without any investment, making it attractive for beginners in cryptocurrency.
Bitcoin Blast is an easy to play “match and clear” game.
All you need to play the game is to use your mental abilities regarding the colored blocks. To get bitcoins, you need to collect several blocks.
Like other types of games, this one has different levels of difficulty. You can unlock them to get more cryptocurrency.
If you want to play and earn, always remember to play responsibly. Do not turn the gaming process into a constant earning of money. It should only be entertainment, allowing you to get additional funds.
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