Your Favorite Crypto Digest From TradeCrypto.com

Market is down. BTC is now trading around $38,000, ETH is trading above $2,800.

💪 Bitcoin dominance: 42.48%

📉 Total Cryptocurrency Market Cap: $1,693 tr

😲 Fear and greed index: 27 (Fear)

🚀 Gainers(Top-100)

Algorand (ALGO) +20.97%

Helium (NHT) +8.45%

OKB (OKB) +6.12%

😭 Losers(Top-100)

Kyber Network Crystal V2 (KNC) -14.46%

ApeCoin (APE) -9.76%

Cronos (CRO) -7.81%

Saylor, Dorsey, Other Bitcoin Advocates Send Letter to EPA Rebutting House Democrats' 'Misperceptions'

Last week, a group of House Democrats sent a ✉️ letter to the EPA cautioning the agency about the pollution and emissions of ₿ bitcoin mining.

Today, over fifty advocates for ₿ bitcoin mining, including MicroStrategy’s Michael Saylor and Block’s Jack Dorsey, have signed a letter to the EPA rebutting the House Democrats’ claims.

Elon Musk Weighs in After Warren Buffett Says He Wouldn't Pay $25 for Every Bitcoin

Warren Buffett has again criticized Bitcoin, making the case that it has no intrinsic value. The billionaire investor, who has previously called Bitcoin a “delusion” and ☠️ “rat poison squared,” added that nothing could make him buy any crypto at any price.

“If you told me you own all of the ₿ Bitcoin in the world and you offered it to me for 💲25, I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything,” Buffett said.

Elon Musk responded: 😂 "Haha he says ₿ Bitcoin so many times."

Twitter's new owner, Elon Musk, appears to 🤝support the idea after vowing to cut down on the social media network's spam problem. Mark Cuban who then suggested a rather unconventional solution. As told by Cuban, the problem can be solved by first adding an "Optimistic Rollup," or layer-2 solution, to Dogecoin (DOGE).

To post on Twitter on an unlimited basis, everyone would need to put up one DOGE ($0.13 per coin at the time of writing) as collateral. Then, if anyone contests a post and humans confirm that it is spam, those who flagged the post would receive and share the spammer's DOGE. Consequently, spammers would then need to put up 100 DOGE as collateral for the right to create further posts. If, however, the post turns out to not be spam, the contesters would lose their DOGE.

After Eight Years, Wikipedia Stops Accepting Bitcoin and Ethereum Donations

😥Wikipedia’s parent organization, the Wikimedia Foundation, will no longer be accepting any donations in Bitcoin, Bitcoin Cash, or Ethereum after some community members sparked a three-month long debate about the pros and cons of crypto.

The news comes shortly after the foundation conducted a poll where more than 70% of respondents said they wanted to discontinue all cryptocurrency donations.

Samsung Asset to list blockchain ETF on Hong Kong Exchange

Samsung Asset Management Co. is slated to list a blockchain exchange-traded fund on the Hong Kong Exchange (HKEX) in the first half of this year, the Samsung Group’s investment arm said on Thursday. It is the first ETF that tracks cryptocurrencies and blockchain tech companies to list in Asia.🔥🔥🔥

Shenzhen to give away 15 million yuan in digital RMB ‘red packets’ to local residents

Shenzhen’s Futian district will 🏆give away🏆 15 million yuan ($2.29 million) in digital yuan (or RMB) to local residents, the latest move to boost consumption amid the new round of Omicron flare-ups while promoting the use of the digital currency.

According to local government, the 15 million yuan worth of digital currency will be separated into 130,000 red packets, and will be given away by raffle via WeChat payment. Local residents can join the raffle by registering from Monday with lots drawn on Thursday.

Yuga Labs offered up 55,000 Ethereum NFT “Otherdeeds” that represent digital terrain in the game, and the frenzied attempt by approved buyers to snap up the valuable NFTs drove up the Ethereum network’s gas fees to startling levels.

Some users spent thousands of dollars on fees to push through their transactions during the "minting" process, which refers to how new NFTs are created and sold. All told, buyers collectively spent about $180 million worth of ETH solely on fees during the sale. It made Ethereum incredibly expensive for anyone to use at the time, and led to a lot of bickering and griping among NFT owners on social media.

Conclusion: crypto market is flat not only in exchanges but also in the fundamental news. Influencers discuss whether crypto has a place in the legal world. How much does mining affect the ecology and therefore the future of crypto in the world? All of these questions make it difficult to understand the future market and price of crypto. Musk and the Chinese authorities are implementing their digital asset products no matter what.

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What is Crypto Ping Pong digest?

So all the TC lads here are working quite hard and from time to time we gotta chill.

That’s why 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.

During the game, we have a rule not to discuss serious topics like analytics, predictions, etc.

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.