Your Favorite Crypto Digest From TradeCrypto.com #98

The statistics:

The market today is green. BTC is now trading above $23,300, ETH is trading around $1,700.

💪 Bitcoin dominance: 41.18%

📉 Total Cryptocurrency Market Cap: $ 1.086 tr

😲 Fear and greed index: 30 (Fear)

🚀 Gainers(Top-100)

• Oasis Network (ROSE)+24.02%

• PancakeSwap (CAKE)+11.43%

• THORChain (RUNE)+10.54%

  😭 Losers(Top-100)

• Decred (DCR)-6.68%

• UNUS SED LEO (LEO)-2.41%

• Kusama (KSM)-1.13%

The Commodities Futures Trading Commission withdrew a letter 📩 granting PredictIt permission to operate its not-for-profit online marketplace, where users can weigh in on potential outcomes of elections and financial events with money.

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They're doing it again? The Lazarus Group hacker collective has been behind some of the most high-profile and costly crypto cyber attacks. Alex Smirnov, co-founder and project lead at deBridge Finance, took to Twitter on Friday to report that his company was the target of an attempted cyberattack by the infamous North Korean Lazarus Group.

The attack came via a spoofed email received by several deBridge team members that contained a PDF file named "New Salary Adjustments," which appeared to come from Smirnov.

An unexpected twist. Crypto lender 💱 Voyager Digital Holdings has reported users may be able to make cash withdrawals from the app more than a month after suspending trading, deposits, withdrawals, and loyalty rewards.

Voyager said clients with U.S. dollars in their accounts could withdraw up to $100,000 💰 in a 24-hour period starting as early as Aug. 11, with the funds received in 5–10 business days. The announcement followed a judge ruling on Thursday, declaring the crypto lending firm was cleared to return $270 million in customer funds held at the Metropolitan Commercial Bank in New York.

After this week’s Solana wallet hack saga, Near shares details of a potentially similar issue that it said 💬  was fixed back in June. Blockchain network Near Protocol has disclosed a security breach that was discovered in June, which could have resulted in a third-party service gaining access to the seed phrases for user wallets. The issue was reportedly fixed in June, but only revealed to the public this week. Well done, what else is there to say?

The token bridge project said it wouldn’t take legal action against white hat hackers who return 🔄 the funds. Crypto bridge Nomad has recovered over $22.4 million of the $190 million worth of Ethereum and Ethereum-based tokens stolen earlier this week.

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India’s chief economic enforcement agency, the Enforcement Directorate (ED), announced 🔉 that they have frozen $8.14 million (64.67 Crore rupees) in assets from crypto exchange WazirX. The ED alleged that the exchange unlawfully broke currency exchange regulations. Indian law enforcement claimed a WazirX director was allegedly “non-cooperative” after accusations of assisted fraud and money laundering. The show has started, so what's the next move?

Again? Oh, they're unlucky. Crypto exchange 💱 Coinbase has been hit with two separate class-action lawsuits on Thursday. Each allege the company made “false and misleading statements” regarding the nature of its operations.

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Each suit claims that investors suffered losses due to the bankruptcy clause ⚖️ in its SEC filing, as well as recent reports of an SEC probe into Coinbase. The probe was made over offering trading services for crypto assets that should've been registered as securities.

Conclusion: The situation with frequent crypto vulnerabilities is alarming. The only major disadvantage of cryptocurrencies is progression. This can be fruitful for the bearish sentiment. At the same time, volatility in the cryptocurrency market is quite moderate.

What is Crypto Ping Pong digest?

TC lads here are working quite hard and from time to time we gotta chill. Recently, we got ourselves a ping pong table to complete our lazy-bag-stuffed chill zone. As you all know our main hobby is Crypto, so even while we play we don’t really shut up about it. Ever.

So memes, leaks, gossips naturally come about – we collect them and share them with you in this interstellar space on our site we like to call Crypto Ping Pong digest.