• Yield App, a digital wealth platform, acquired Trofi Group, a platform that offers structured solutions for cryptocurrencies.
• The acquisition brings four new structured products to the Yiled App product suite and makes Yield App one of the leading digital wealth platforms.
• The team at Trofi Group has 30 years experience in derivatives desks at JP Morgan and HSBC.

Yield App, a digital wealth platform that offers safe custody of digital assets, recently announced they have acquired Trofi Group, a platform that offers structured solutions for cryptocurrencies. This acquisition brings four new structured products to the Yield App product suite, making them one of the leading digital wealth platforms.

The team at Trofi Group boasts of 30 years experience in derivatives desks at JP Morgan and HSBC. This experience and knowledge makes them a great addition to Yield App, as they will now be able to build best-in-class crypto-structured products. This will provide customers with a superior suite of products.

Commenting on the acquisition, the CEO of Yield App, Tim Frost, said: „The acquisition of Trofi Group establishes Yield App as a pioneer within the crypto-structured products arena, making us one of only a few platforms to bridge the gap between traditional finance and crypto. We are grateful to the team at Trofi for trusting us to continue their excellent work in bringing enhanced yield structured products to crypto. We look forward to leveraging their expertise and providing even more value to our customers.”

Yield App provides a safe and secure way to store, exchange and earn on digital assets. The platform allows customers to earn on their assets at market-leading rates, and the addition of Trofi Group’s structured products will only improve the user experience. With this acquisition, Yield App is now one of the leading digital wealth platforms, providing customers with the highest quality products and services.

The team at Yield App is thrilled to have Trofi Group on board, and they look forward to using their expertise to provide even more value to their customers. This acquisition marks a major milestone for Yield App and is a testament to their commitment to providing customers with the best digital wealth platform experience.

• Former FTX president Brett Harrison has announced his new project Architect has raised $5 million from investors.
• Backers include Coinbase Ventures, Circle Ventures and SV Angel among others.
• Architect is buildig new institutional-grade trading technology.

Former FTX president Brett Harrison has raised $5 million in a seed round funding for his new crypto project, Architect, a Decentralised Finance (DeFi) venture. Harrison announced the news on Friday, revealing the investment had come from some of the top venture investors in the crypto space, including Coinbase Ventures and Circle Ventures.

The new platform is aimed at institutional investors and has been in stealth development since last September. Other investors that have backed the project are SALT Fund, Third King Venture Capital, Motivate Venture Capital and SV Angel. SkyBridge Capital’s Antony Scaramucci has also invested in the new crypto software project.

The goal of Architect is to provide institutional-grade trading technology. Harrison believes that Architect will fill a gap in the crypto markets, allowing for streamlined and efficient trading. By using a combination of machine learning and advanced algorithms, Architect will be able to quickly identify and execute trading opportunities for its investors.

Architect will also provide investors with access to a range of tools and services designed to help them make more informed decisions. This includes access to market data, analytics, and order management tools. Additionally, it will offer a range of risk management tools, such as portfolio diversification and risk analysis.

The new platform will also feature an integrated portfolio management system, allowing investors to easily manage their investments. This will be done via an intuitive user interface, making it easier to track and manage investments.

Harrison is confident that Architect will be able to revolutionise the way institutional investors trade in the crypto markets. With its combination of advanced technology and risk management tools, Harrison believes that Architect will provide investors with an edge in their trading decisions. With the $5 million investment, Harrison is now looking to further develop the platform and bring it to market.

• The Play to Earn model has been the starting point in the NFT gaming development, but it has created a difficult concept where players are not as interested in making money as in having fun.
• A new branch of industry is emerging that focuses on engagement, emotions and the best traditions of WEB 2.0 games, combined with the use of NFT.
• NFT space continues to battle user attraction and retention in order to become the realisation of an exciting tool that allows players to immerse in addictive gameplay and unleash their creativity while engaging in the game.

The emergence of Non-Fungible Tokens (NFTs) in the crypto world has been an ongoing trend for a few years now. Initially, it was known for its funny cats, but has since grown into a global phenomenon that is constantly responding to market conditions and user requirements. Recently, the NFT space has been greated with the introduction of the Play to Earn (P2E) model, where users can earn thousands of dollars by completing in-game tasks. This has been a great incentive for most players, as they now had the chance to make money while playing.

However, the P2E model has created a difficult concept where players are not as interested in making money as they are in having fun. This is why many projects that have implemented the P2E model have failed to attract and retain users, as making money during the red market can be quite challenging and these games cannot offer anything interesting.

To address this issue, a new branch of the industry is emerging that focuses on engagement, emotions and the best traditions of WEB 2.0 games, combined with the use of NFTs. This combination is what makes NFTs the realisation of an exciting tool that allows players to immerse themselves in addictive gameplay and unleash their creativity while engaging in the game. This approach to gaming is what is needed in order to attract and retain users.

The NFT space is constantly evolving and it is up to the developers to find ways to make the games engaging and fun. This means introducing things like competitions, rewards and other incentives to keep users hooked and wanting to come back for more. It also means finding ways to make the games more accessible to wider audiences, such as introducing tutorials and helpful resources, as well as making the games more user-friendly overall.

Ultimately, the goal of NFT games is to create an environment where users can have fun, as well as make money. It is only when these two elements are combined that users can truly benefit from the power of NFT gaming. The future of the industry is dependent on developers creating games that are both engaging and profitable, and that offer something unique and different to players. The implementation of the Play to Earn model is a great start, but it is up to the developers to continue to innovate and find ways to make the NFT space a fun and profitable experience for all.

• Crypto.com is laying off 20% of its global workforce due to negative economic developments in the industry.
• This news comes shortly after Coinbase’s recent layoffs and the CRO token price responded positively.
• Other crypto firms such as Huobi and Coinbase have also announced mass layoffs this year.

Crypto.com has announced that they are reducing their global workforce by 20%, citing recent negative economic developments in the industry. This comes shortly after Coinbase announced similar layoffs.

The news was made public by Crypto.com co-founder and CEO, Kris Marszalek, who expressed that the decision to layoff staff was difficult. He wrote in a tweet: „Today we made the difficult decision to reduce our global workforce by approximately 20%.“

It is estimated that Crypto.com currently employs between 3500 and 4500 staff, meaning the layoffs will affect around 700 to 900 people. The CRO token price responded positively to the news, showing that investors are taking the news in stride.

Crypto.com is not the only crypto firm to announce layoffs this year. Huobi announced layoffs at the start of the year while Coinbase also announced layoffs a few days ago. This has caused some confusion in the market as the crypto sector is currently on a recovery trajectory and investors are expecting positive results.

Despite the layoffs, Crypto.com is still looking to expand its services. In a blog post, Marszalek wrote: “We are still investing heavily in our product and engineering teams and have recently launched support for 60 new countries. We are also continuing to hire for key roles across the company.”

It is not yet clear what the effects of the layoffs will be. It is likely that some of the affected employees will seek employment elsewhere in the crypto sector. For now, investors seem to be taking the news in stride and the CRO token price remains stable. It remains to be seen how the crypto sector will respond in the long run.

• Bonk has become a popular token in the financial industry, surging to a high of $0.0000036.
• History suggests that the meme coin’s price might soon implode.
• Investors should be aware of an upcoming crash as the total volume of the token traded in the past 24 hours rose to $152 million.

The meme token, Bonk, has recently captured the attention of most traders and investors. The token prices surged to a high of $0.0000036, a dramatic increase compared to its all-time low. According to CoinMarketCap, the meme coin’s market cap surged to more than $200 million.

Meme coins have become a popular investment vehicle in the past few months, and creating these tokens has become easier than ever due to the emergence of smart contract platforms like Ethereum and Solana. Developers have made a fortune launching meme coins like Dogecoin, Shiba Inu, Tamadoge, Dogelon Mars, and Floki Inu.

Bonk is the latest meme coin to hit the market. The token was launched on Christmas day and is aiming to become the Shiba Inu equivalent of Solana. The developers hope that it will be used to power the Solana ecosystem, which has been facing turmoil due to its exposure to FTX and Alameda.

Since its launch, Bonk has become highly popular in the cryptocurrency industry. According to data from CoinMarketCap, the total volume of the token traded in the past 24 hours in centralised exchanges rose to $152 million. It has also become popular among users of Solana Dex platforms like Orca and Saber.

Despite the token’s increasing popularity, investors should be aware that the token’s price might soon implode. History suggests that meme coins tend to be highly volatile and prices can plummet quickly. Moreover, due to the token’s limited supply, any sudden increase in demand could result in a crash.

In conclusion, Bonk has become a popular token in the financial industry, surging to a high of $0.0000036. However, history suggests that the meme coin’s price might soon implode and investors should be aware of an upcoming crash as the total volume of the token traded in the past 24 hours rose to $152 million.

• The cryptocurrency market is growing, leading to more and more companies showing interest in digital assets.
• Popular areas of application for cryptocurrencies include the gambling industry, international payments, and blockchain infrastructure development.
• In 2023, there is likely to be an explosion of cryptocurrency usage in these markets.

The cryptocurrency market has seen a significant growth in 2021, leading to more and more companies showing interest in digital assets. As a result, many businesses are beginning to explore the potential of blockchain technology and cryptocurrency use. The most popular areas of application for cryptocurrencies include the gambling industry, international payments, and blockchain infrastructure development.

The gambling industry has been one of the quickest to embrace cryptocurrency. Online casinos and bookmakers are now allowing players to deposit and withdraw funds using digital currencies such as Bitcoin and Ethereum. This is due to the fact that cryptocurrencies provide a faster speed of payments, no need for verification, and minimal or no commissions. Furthermore, the use of cryptocurrency eliminates the need for third-party processors, which reduces costs and makes the process more secure.

International payments is another area where cryptocurrency is gaining traction. Cryptocurrencies provide a secure and fast way to transfer funds internationally, which is particularly helpful for those who need to send money to family and friends in other countries. The use of cryptocurrencies eliminates the need for third-party processors, resulting in lower fees and faster transfers. Furthermore, due to their decentralized nature, cryptocurrencies are not subject to the same regulations as traditional currencies, making them a great option for those who need to make international payments.

Finally, blockchain infrastructure development is another area that is likely to benefit from the increased use of cryptocurrencies. Companies are now investing in blockchain technology to create their own digital platforms, which can be used to facilitate transactions, store data, and much more. This is beneficial for businesses, as it allows them to have more control over their infrastructure, as well as reducing costs.

In conclusion, it is clear that the use of cryptocurrency will continue to grow in the coming years. In 2023, there is likely to be an explosion of cryptocurrency usage in the markets mentioned above, as more and more companies begin to recognize the benefits of using digital currencies. This trend is likely to be further boosted by the increasing adoption of blockchain technology, which makes cryptocurrency use even more appealing. Therefore, it is safe to say that the future of cryptocurrency is bright.