• Former FTX.US president Brett Harrison has raised $5 million in a seed round for his new venture Architect.
• The funding was led by Coinbase Ventures, Circle Ventures, SV Angel, SALT Fund, Third King Venture Capital, Motivate Venture Capital, and SkyBridge Capital’s Antony Scaramucci.
• Architect is building institutional-grade trading technology for the crypto markets, aiming to streamline the markets.

Brett Harrison, the former FTX.US president, has announced the closing of a $5 million seed round for his new crypto project, Architect. This venture, which has been in stealth development since September, will provide institutional-grade trading technology for the crypto markets.

The funding was led by some of the top venture investors within the crypto space, including Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital, and SkyBridge Capital’s Antony Scaramucci.

The new platform, Architect, is being built for institutional investors. It aims to streamline the crypto markets, making it easier for investors to access the crypto markets and trade more efficiently. The software will provide features such as automated trading and portfolio management, as well as order execution, risk management, and analytics.

Harrison has been involved in the crypto space for some time, having been the president of FTX.US, a leading crypto derivatives exchange. He is also the co-founder of the Crypto Investment Club and a partner at Black Edge Capital.

The $5 million seed round is a significant step for Architect, as it will enable the project to move forward with its development and launch. Harrison said, “We are incredibly excited to be able to bring Architect to the market and I am thankful to our investors and partners for their support. We are dedicated to building the best and most reliable trading platform for institutional investors.”

He added, “Our team is comprised of some of the best and brightest minds in the industry and I am confident that Architect will be a game-changer for the crypto markets.”

With the $5 million seed round, Architect is now well-positioned to launch its platform and bring a new level of trading technology to the crypto markets. Institutional investors will now have access to a range of tools and features that can help them to trade more efficiently and effectively.

As the crypto market continues to grow and mature, Architect’s platform will be a valuable resource for investors looking to capitalize on the opportunities that the market offers. With its cutting-edge trading technology, investors will be able to make more informed decisions and capitalize on the market’s growth potential.

• Crypto.com CEO Kris Marszalek has announced a 20% layoff of their global workforce due to negative economic developments.
• The layoffs come after similar announcements from Coinbase and Huobi earlier this year.
• The Cronos (CRO) token price has responded positively to the news.

Crypto.com, one of the leading cryptocurrency exchanges, has announced a 20% reduction in its global workforce due to negative economic developments. This news comes just a few days after Coinbase announced similar layoffs.

Kris Marszalek, the co-founder and CEO of Crypto.com, made the announcement today, citing poor market conditions and the events in the industry as reasons for the layoffs. According to sources, Crypto.com has around 3500-4500 employees, meaning the 20% layoffs would affect around 700-900 employees.

Crypto.com is not the only crypto-related firm to announce layoffs this year. Huobi also announced layoffs at the start of the year, and Coinbase also announced layoffs a few days ago. This news of layoffs sends mixed signals to the market, as the crypto market is currently on a recovery trajectory and investors are expecting some good news from the industry.

However, the Cronos (CRO) token price has responded positively to the news of the layoffs. This might be because investors are expecting the smaller workforce to be more efficient and productive.

In a tweet post addressing the matter, Marszalek wrote: “We grew ambitiously at the start of 2022, building on our incredible momentum and aligning with the trajectory of the broader industry. That trajectory changed rapidly with a confluence of negative economic developments.”

It remains to be seen whether the layoffs will have a positive or negative effect on the company in the long run. In the short-term, though, it looks like the announcement has been well-received by the market.

• Monero (XMR) is expected to see a price increase in 2025 due to the emergence of new crypto gaming platforms such as Metacade.
• Metacade stands to lead at the convergence of metaverse, arcade games, and cryptos, with its goal to become the #1 Web3 community hub for gamers, developers, investors and crypto fanatics.
• Investors and crypto fans can generate income through profitable investment and staking opportunities on the platform.

As the crypto gaming sector continues to grow and evolve, investors are increasingly looking for ways to capitalize on the potential of play-to-earn (P2E) and GameFi. One of the most promising new market entrants is Metacade, which stands to lead well at the convergence of metaverse, arcade games, and cryptos. The platform’s goal is to become the #1 Web3 community hub for gamers, developers, investors and crypto fanatics.

This is good news for investors, as the Monero price prediction 2025 suggests that the cryptocurrency is set to benefit from the emergence of such new gaming platforms. Metacade is proving hugely popular with investors, due to its ability to offer something of real value to crypto gaming.

On Metacade, gamers will enjoy an unrivalled choice of games with genuine P2E potential. Developers can test and market their games, run competitions, and find new staff. Investors and crypto fans, meanwhile, can generate income through profitable investment and staking opportunities.

Metacade is built on the Ethereum blockchain, and makes use of a native token called MetaCoin (MCADE). This token is used to purchase in-game items and services, and is also used to reward players for their effort. It’s an ERC-20 token, meaning it can be stored in any wallet that supports the Ethereum network.

The Metacade team has also created a special Metacade Staking program, which allows players to earn rewards for simply staking their MetaCoins. The rewards increase as the amount of staked MetaCoin increases, thus creating an incentive for players to hold onto their coins and stake them for longer periods of time.

In addition, the Metacade team has also created a special Metacade Investment Program, allowing investors to earn rewards for simply investing their MetaCoins. This is a great way for investors to gain exposure to a potentially lucrative sector.

The Metacade team is confident that their platform will revolutionize the crypto gaming sector, and it looks set to become the go-to destination for gamers, developers, investors and crypto fanatics alike. With the potential to generate significant returns, it’s no wonder that investors are increasingly choosing Metacade over Monero for their crypto investments.

• Metacade (MCADE) is launching a presale of its cryptocurrency token, offering investors the chance to get in on the project early and reap the rewards.
• The MCADE token is currently priced at $0.008 and is expected to reach $0.02 at the end of the presale.
• Investors looking to get a good deal should get in early before the price rises even further.

The world of cryptocurrencies is always changing and evolving, and it can be difficult to keep up with the newest trends and technologies. However, one thing that remains true is the potential for incredible returns. Crypto presales are one of the best and easiest ways to maximize potential earnings and get in on the ground floor of a new project. One presale that is gaining a lot of attention is Metacade’s (MCADE).

Metacade is a major GameFi platform that is set to rival some of the biggest names in the space, and its upcoming presale is a great opportunity for investors to get in on the ground floor and potentially reap the rewards. The presale is scheduled to begin on December 29, 2022 and the MCADE token is currently priced at $0.008. According to Metacade, the price is expected to reach $0.02 at the end of the presale.

The beta phase of the MCADE presale has already attracted over $1.3 million worth of investment in just four weeks, reflecting the project’s long-term potential. This has prompted many investors to get in on the presale early to maximize their potential for gains. The sooner you invest, the better the deal you’ll get.

Once the presale is complete, the MCADE token will be available on decentralized exchanges (DEXs) and can be used to play games and earn rewards. There is a lot of potential for the project to grow and the MCADE token price is expected to increase in the long run. The project team is also working on developing a range of new products and features, such as the Metacade DeFi protocol and the Metacade DAO.

Overall, the Metacade presale is a great opportunity for investors looking to get in on the ground floor of a major new project. The MCADE token is currently priced at an affordable rate, and the price is expected to reach $0.02 at the end of the presale. With the potential for long-term growth and the developing range of products and features, investing in the Metacade presale could be a smart move.

• Jacquelyn Melinek of TechCrunch talked to CNBC Market Alert about the future of cryptocurrency in 2023.
• Retail investors will likely sit out of the crypto market in 2023, while VC funds and big brand businesses like Starbucks are likely to continue investing.
• To rebuild trust and ensure the success of the crypto ecosystem, regulators need to step in and create a framework instead of using traditional market techniques.

Jacquelyn Melinek, senior crypto reporter for TechCrunch, recently spoke to CNBC Market Alert about the future of the cryptocurrency market in 2023. After a difficult year for digital assets, investors and other stakeholders in the sector, Melinek said that there is a high chance that retail investors will sit out of the crypto market in 2023. However, she noted that true believers are those who are building the space, so these people will continue to be here in 2023.

When asked who will be the main investors in crypto in 2023, Melinek said that VC funds aren’t going to stop investing just because of the events surrounding FTX. She noted that big brand businesses like Starbucks are getting into the space and that banks are continuing to get involved as well.

When asked what needs to happen for the crypto ecosystem to regain its momentum, Melinek said that trust needs to be rebuilt 100%. She explained that regulators need to step in and create a framework instead of using old-school techniques that we see with traditional markets. This would help to rebuild trust and ensure the success of the crypto ecosystem.

Overall, Melinek believes that while retail investors may sit out of the crypto market in 2023, VC funds and big brand businesses are likely to continue investing. To rebuild trust and ensure the success of the crypto ecosystem, regulators need to step in and create a framework instead of using traditional market techniques.

• The Sandbox is a decentralized 3D world that allows users to create, share, and monetize in-game experiences using voxels and LAND tokens.
• Metacade is a virtual world for the gaming industry, providing a platform for players, developers, and publishers to interact and play games.
• Decentraland is a virtual world powered by the Ethereum blockchain, allowing users to purchase land and create content, applications, and games.

The metaverse is quickly becoming a reality as more and more projects join the race to create the ultimate virtual world. Companies such as The Sandbox, Metacade and Decentraland are at the forefront of this movement, striving to bring the metaverse to life. Each of these projects have their own unique approach to the metaverse and have already had some success in the early stages of their development. This article will discuss their respective price forecasts for 2025 and provide an insight into their potential long-term success.

The Sandbox is a decentralized 3D world that allows users to create, share, and monetize in-game experiences. Players are able to build whatever they like using voxels, the blocks that are characteristic of the game’s design. Once they own LAND tokens, players can choose to buy ASSETs (objects designed by other players) or build items in VoxEdit and use them in the Game Maker to create immersive games and experiences. Companies such as Forbes, Gucci, and Warner Music Group have used these tools to take their first steps in the metaverse, and many more are likely to come. With more and more metaverse adoption, it is likely that The Sandbox will live up to its namesake and become a major player in the metaverse by 2025.

Metacade is a virtual world for the gaming industry. It provides a platform for players, developers, and publishers to interact and play games. It offers a unique twist on the metaverse by allowing developers to easily create and monetize their own games. Metacade also allows players to play and customize games, which makes it a great choice for those who want to experience the metaverse. It is likely that Metacade will gain traction in the gaming industry and become a major player in the metaverse by 2025.

Finally, Decentraland is a virtual world powered by the Ethereum blockchain. It allows users to purchase land and create content, applications, and games. Decentraland is a great choice for those who want to experience the metaverse but don’t necessarily want to create their own content. It also has a vibrant community and a strong economy, making it a great choice for those looking to invest in the metaverse. Decentraland is likely to become a major player in the metaverse by 2025.

Overall, The Sandbox, Metacade, and Decentraland are all projects that are pushing the boundaries of the metaverse and are likely to become major players in the metaverse by 2025. Each of these projects offer something unique and are likely to have a positive impact on the metaverse in the long-term. With more and more projects joining the metaverse, it is likely that the metaverse will continue to grow and evolve in the years to come.

• Jacquelyn Melinek, a senior crypto reporter from TechCrunch, talked to CNBC Market Alert about what lies ahead for the crypto market in 2023.
• Retail investors will likely sit out of the crypto market in 2023, however VC funds and big businesses like Starbucks will continue to be investors in the crypto space.
• Trust needs to be rebuilt in order for the crypto ecosystem to regain its ‘mojo’, and regulators need to step in and create a framework instead of using traditional techniques.

The crypto market has had a tumultuous ride in 2022, leaving investors and other stakeholders in the sector feeling uncertain. Jacquelyn Melinek, a senior crypto reporter from TechCrunch, recently spoke to CNBC Market Alert about what lies ahead for the crypto market in 2023.

Melinek believes that there is a high chance that retail investors will sit out of the crypto market in 2023, especially those that have been interested in the past but have seen many industry changing events like Terra’s collapse. However, she states that the true believers are those who are building the space and will continue to remain in 2023.

When it comes to who will be the main investors in crypto in 2023, Melinek believes that VC funds won’t stop investing just because of what happened with FTX. In fact, she believes that big brand businesses like Starbucks are getting into the space, and we will continue to see banks getting into the space in 2022.

Finally, Melinek states that for the crypto ecosystem to ‘get its mojo’ back, trust needs to be rebuilt 100%. She believes that regulators need to step in and create a framework instead of using old-school techniques that we see with traditional markets.

It remains to be seen how the crypto market will fare in 2023, but it is clear that trust needs to be rebuilt and that regulators must step in in order for the crypto ecosystem to have a successful future. Until then, investors and stakeholders will have to wait and see how the crypto market develops in the coming year.

• An NBER study found that 70% of transaction volume on unregulated crypto exchanges is wash trading.
• The research focused on four of the most popular cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).
• Exchanges with a longer market presence and global user bases were less likely to engage in wash trading.

A recent study conducted by the National Bureau of Economic Research (NBER) has found that an average of 70% of transaction volume on unregulated crypto exchanges is down to wash trading – transactions meant to mislead.

The study focused on both tier 1 and tier 2 exchanges, with the former platforms ranked within the top 700 as indicated on data tracking site SimilarWeb.com. The four most popular and heavily traded cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) – were also part of the research.

The research findings revealed that crypto exchanges with a longer market presence and global user bases were less likely to engage in wash trading. However, less prominent exchanges attracted most of the fake volume behaviour, with statistics showing that an average of 70% of volume on unregulated exchanges was tied to wash trading. On some tier 1 exchanges, the amount of wash trades reached up to 53.4%.

The report suggests that the incentives for exchanges to engage in wash trading include rankings and short term price movements. The report also states that the use of wash trading has been escalating and has become a more popular tactic among platforms, as it can help exchanges gain more visibility and attract more traders.

The researchers concluded that due to the lack of regulation, wash trading and other manipulative practices are still on the rise and that authorities should take action to prevent such activities. They also warned that while some of the wash trading is done by exchanges themselves, some of it is done by traders and market makers who are trying to manipulate the markets.

• Bitcoin was trading around $16,600 on Wednesday, down 1% in the past 24 hours.
• 2022 is shaping as the year with the second-worst returns for BTC since 2010, with the asset on track for a worst return since the 73% drawdown in 2018.
• The S&P 500 is down 4.1% this month and over 20% year-to-date, while the Nasdaq Composite is down 6.6% this month and 27.3% year-to-date.

Bitcoin has been uncharacteristically uneventful on Wednesday, trading in the red during early afternoon trading (2:10 pm ET). The benchmark cryptocurrency was changing hands near $16,600, about 1% down in the past 24 hours and heading for its worst yearly returns since 2018. Wall Street has also hit a brutal patch in 2022, with major US indexes headed for their worst annual returns since 2008.

The surge towards $17,000 that Bitcoin experienced earlier this week has cooled off, leaving the digital gold down 67% in the past year. This marked bear year has 2022 shaping as the year with the second-worst returns for BTC since 2010. The asset is on track for a worst return since the 73% drawdown in 2018. Bitcoin is more than 75% down since its all-time high in 2021, with 2014’s bear market seeing BTC price fall 58%. Other years with lower returns were 2015 with +35% and 2021 with +66%.

The picture across the stock market is similar for the major US indexes. The S&P 500 is down 4.1% this month and over 20% year-to-date, while the Nasdaq Composite is down 6.6% this month and 27.3% year-to-date. The Dow Jones Industrial Average is down 4.5% this month and nearly 15% year-to-date.

The dismal performance of the stock market and the cryptocurrency market in 2022 can be attributed to a range of factors, including a disappointing economic recovery and the lack of a comprehensive fiscal stimulus package. The pandemic has caused a massive disruption to the global economy, leading to record levels of unemployment, business closures, and bankruptcies.

The future of Bitcoin and the stock market remains uncertain as investors continue to weigh the implications of an end to a brutal 2022. As Bitcoin struggles to hold onto gains above $16k, the major US indexes seem poised to end the year lower. The S&P 500 and the Nasdaq Composite are both down significantly, while the Dow Jones Industrial Average is also down nearly 15%. In crypto, Bitcoin volatility has been at its 2022 low this week, signaling that investors remain uncertain of the future of the asset.

• Xrp Classic has launched a carbon-free and environmentally friendly ReFi blockchain.
• ReFi is a regenerative and stable approach to navigating the financial system.
• Xrp Classic has been audited by leading security firm SolidProof.

Xrp Classic has recently launched a revolutionary carbon-free, environmentally friendly regenerative finance (ReFi) blockchain. ReFi is a regenerative and stable approach to navigating the financial system, which is aimed at liberalizing financial service access. By encouraging the transition to a financial system where one can address systemic problems such as climate change, Xrp Classic is paving the way for a sustainable and flourishing future.

Xrp Classic’s ultimate goal is to integrate its ReFi blockchain into all facets to contribute to a decarbonized world. In order to ensure the platform’s credibility and authenticity of its contract software, it has been audited by leading security firm SolidProof. In addition, Xrp Classic is striving to become a prominent solution in the cryptocurrency exchanges by representing ReFi sector best practices. This includes building its own ReFi blockchain to offer eco-friendly, high-speed transactions combined with minimum trading fees.

Global investors have shown their support for Xrp Classic’s initiative, as a report by PwC reveals that the reduction of greenhouse gas emissions is a leading global investment consideration. Furthermore, sustainability is becoming an increasingly important factor when it comes to making investments. Therefore, Xrp Classic is at the forefront of the global effort to combat climate change and build a greener financial system.