Crypto Ping Pong Digest #30

Hello and HELLO to everyone! The TradeCrypto.Com digest is flying high yet another time! See what is up >>

Your Favorite Crypto Digest From TradeCrypto.com

Hello and HELLO to everyone! The TradeCrypto.Com digest is flying high yet another time! See what is up >>

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

💪 Bitcoin dominance: 42.53%

📉 Total Cryptocurrency Market Cap: $1,693 tr

😲 Fear and greed index: 21 (Extreme Fear)

🚀 Gainers(Top-100)

Curve DAO Token (CRV) +10.27%

TRON (TRX) +7.08%

Convex Finance (CVX) +4.99%

😭 Losers(Top-100)

Algorand (ALGO) -8.67%

IOTA (MIOTA) -6.25%

OKB (OKB) -5.26%

Argentina's Largest Private Bank to Offer Bitcoin, Ethereum Trading

Argentina's largest private 🏦 bank, Buenos Aires-based Banco Galicia, is making available to customers four different cryptocurrencies - ₿ Bitcoin, Ethereum, USD Coin, and XRP.

One reason crypto is popular in Argentina is because the country has one of the highest inflation rates in the world year-on-year, it's currently over 50%, according to the nation’s central 🏦 bank.

Algorand becomes first US blockchain sponsor of FIFA World Cup

Blockchain network Algorand has partnered with ⚽ FIFA inking a sponsorship and technical partner deal as the network becomes the soccer association’s first official blockchain platform.

⚽ FIFA President Gianni Infantino expressed his delight at the partnership, saying it was an “indication of ⚽ FIFA’s commitment to continually seeking innovative channels for sustainable revenue growth”.

Hawaii Senate committees favor task force to regulate crypto, blockchain

The task force will submit findings and potential legislation back to the State Capitol - which involves providing a plan to expand blockchain adoption in both the private and public sectors.

In a ✉️ letter addressed to the President of the Hawaii State Senate, Ron Kouchi, legislative members Donovan Dela Cruz and Roz Baker wrote in support of creating a “Blockchain and Cryptocurrency Task Force” that was first proposed in bill SB2695.

McLaren will enter into a multi-year partnership with OKX

Starting at the Miami Grand Prix, the OKX logo will be seen on the 🏎️ McLaren MCL36 cars and the helmets of Lando Norris and Daniel Ricciardo. McLaren CEO Zak Brown calls the first 🏎️ F1 weekend in Miami the "perfect opportunity" to kick off the 🤝 partnership.

"The first-ever Miami Grand Prix is the perfect occasion for us to launch this significant partnership, through which we will collaborate with OKX to take our fan experience to all new levels," the American explained.

Bitcoin Is ‘A Liquid Alternative To Cash’ 

In a recent U.S. Securities and Exchange Commission (SEC) filing, Tesla Inc. reiterated its pro-Bitcoin position stating that bitcoin has “long-term potential” and is “a liquid alternative to 💰 cash.”

According to the filing, the electric car maker is still holding onto its ₿ Bitcoin from the quarter prior. As reported by ₿ BTC PEERS, Tesla invested a whopping aggregate of $1.5 billion in ₿ Bitcoin during the first quarter of 2021. In the filing at that time, the company provided information on how the investment would “provide us with more flexibility to further diversify and maximize returns on our 💲 💲 💲 cash that is not required to maintain adequate operating liquidity.”

SEC Renames and Expands Crypto Enforcement Unit by 20 Personnel

The SEC has announced that it will add 20 investigators to its Crypto Assets and Cyber Unit in order to better monitor the crypto industry. According to a statement today, this expansion would bring the number of personnel to 50 overseeing the fast-growing crypto industry.

ApeCoin integrates with Polygon amid NFT mint backlash and speculation

🔥 ApeCoin (APE) announced its integration with Ethereum (ETH) sidechain Polygon (MATIC) after the recent Yuga Labs’ Otherdeeds nonfungible token (NFT) minting incident led to speculation about a new chain for APE.

Conclusion: large corporations continue to partner with crypto companies. Banks offer solutions to buy crypto assets. Constant regulatory decisions from Parliament also show that the fiat world can't ignore crypto. Despite the flat market, there is no doubt that a web3 future awaits us.

The next flight takes off tomorrow :) Stay cool and safe! Brought to you by Maksym, Sviatoslav, and Nina :)

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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.