Crypto Ping Pong Digest #34

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Market is flat. BTC is now trading above $31,000, ETH is trading around $2,400.

šŸ’Ŗ Bitcoin dominance: 41.89%

šŸ“‰ Total Cryptocurrency Market Cap: $1,655 tr

šŸ˜² Fear and greed index: 10 (Extreme Fear)

šŸš€ Gainers(Top-100)

Maker (MKR) +4.93%

Elrond (ELGD) +3.85%

FTX Token (FTT) +3.25%

šŸ˜­ Losers(Top-100)

Terra (LUNA) -46.82%

Lido DAO (LDO) -43.00%

STEPN (GMT) -23.26%

Snoop Dogg, Gary Vee latest to buy Ethereum ownership NFTs in Ice Cubeā€™s BIG3 Hoops League

šŸ”„ Ice Cube announced on Saturday that the 25 Fire-Tier NFTs for his BIG3 team Tri State were šŸ’ø bought by a group led by tech entrepreneurs Sunny Deep, Vinny Lingham, and Kevin Rose. Moonbirds, Roseā€™s NFT collection of 10,000 pixelated owls, will be the community sponsor behind the purchase, Ice Cube said.

Also this weekend, Snoop Dogg teamed up with PayPal co-founder Ken Howery to buy all 25 Fire-Tier editions of the BIG3 team Bivouac.

Mining Capital Coinā€™s CEO charged for alleged šŸ’²62M fraud scheme

The CEO of mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been šŸ‘® indicted for allegedly orchestrating a šŸ’²62 million fraud that affected thousands of investors.

According to a press release from the U.S. Department of Justice (DoJ) on Friday, Capuci promised to use investments to mine new cryptocurrency but instead diverted funds to wallets under his control. Capuci is also said to have fraudulently marketed MCCā€™s ā€œTrading Bots,ā€ claiming that they were able to perform ā€œthousands of trades per secondā€ and generate šŸ’° profit for investors.

Crypto critic Nouriel Roubini signals plans for a Tokenized dollar

Economist Nouriel Roubini, whoā€™s become famous for šŸ˜” hating crypto, has begun work on a token that will be ā€œa more resilient dollar.ā€

Roubini and his team at Atlas Capital Team LP said that they recognize that the U.S. dollarā€™s reserve currency status could be at risk because the country ā€œprints too much money and adversaries start de-dollarizing,ā€ echoing widespread concerns about inflation.

Shiba Inu Token hits seven-month low as Crypto Market worsens

The popular meme cryptocurrency is also šŸ“‰ down almost 19% over the past week, touching the levels last seen in October 2021. With a market cap slightly above šŸ’²9.5 billion, Shiba Inu is now the marketā€™s 15th most-valued cryptocurrency. The assetā€™s latest price action comes despite the communityā€™s recent efforts to keep SHIB more scarce.

The price of Shiba Inu (SHIB) plunged 8.9% overnight, trading at šŸ’²0.00001510.

Crypto Billionaire Brock Pierce says Bitcoin will either crash to zero or explode to šŸ’²1,000,000

In a Fox Business interview, Pierce, who is the chairman of the Bitcoin Foundation, says that investors should refrain from going all-in on the leading crypto asset. ā€œBitcoin could go to zero. Itā€™s a binary outcome. Itā€™s either going to go to šŸ’²1 million a Bitcoin or zero. Itā€™s going to be one or the other, which is why you shouldnā€™t put everything there.ā€ 

According to Pierce, the cryptocurrency landscape currently reminds him of the tech bubble over two decades ago when a culling of internet startups took place. "That doesnā€™t mean the innovation isnā€™t real and itā€™s not going to play an important role in our collective future.ā€, šŸ—£ļø said Brock Pierce.

Spotify becomes first music streamer to launch on Roblox

šŸŽµ Spotify announced it will become the first music streaming brand to have an official presence within Roblox, with the launch of ā€œSpotify Island,ā€ a place where artists and fans will gather to play interactive quests, unlock exclusive content and buy artist merchandise.

At the moment, the cryptocurrency is not included there. However, in the near future it will definitely be involved in such projects.

NVIDIA GeForce RTX 3000 series LHR mining limit gets fully bypassed

NiceHash recently announced that its QuickMiner software was now capable of fully šŸ”“ unlocking the hashrate on most Ampere LHR cards, barring the RTX 3080 12GB and the RTX 3050. This means that LHR-limited Ampere cards like the GeForce RTX 3080 Ti can reach their full mining potential.

The NiceHash unlock comes at an especially opportune time for miners - as both AMD and NVIDIA work to global chip shortage, GPU prices are coming back down. Near-MSRP Ampere cards with LHR bypassed could prove to be a promising option.

Conclusion: Every day more people start investing in cryptocurrency and NFT, including the stars. More and more corporations are starting to invest in innovation. No one knows how the cryptocurrency will behave in the future, even people like Brock Pierce. But we are sure that cryptocurrency is the future.

We will be back already tomorrow :) Hope you enjoyed it! Brought to you by Maksym, 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.

Thatā€™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 donā€™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 ā€“ we collect them and share them with you in this interstellar space on our site we like to call Crypto Ping Pong digest.