Your Favorite Crypto Digest From TradeCrypto.com #94

The statistics:

Market is red. BTC is now trading above $22,800, ETH is trading around $1,500.

💪 Bitcoin dominance: 42.46%

📉 Total Cryptocurrency Market Cap: $ 1.03 tr

😲 Fear and greed index: (Fear)

🚀 Gainers(Top-100)

• Chiliz (CHZ)+13.04%

• Cronos (CRO)+5.14%

• Theta Network (THETA)+5.08%

😭 Losers(Top-100)

• Filecoin (FIL)-19.22 %

• EOS (EOS)-11.91%

• Arweave (AR)-11.71%

What court on account? The SEC accused Forsage of raising funds 💰 illicitly for over two years. The Securities and Exchange Commission has charged 11 people for their roles in what the agency is calling a “fraudulent crypto pyramid and Ponzi scheme.”

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Forsage allegedly raised more than $300 million from retail investors 👥 in an illicit way, in countries across the globe including the United States, according to an SEC statement released Monday.

The U.K. High Court ⚖️ ruled that Dr. Craig Wright, the man who claims to have invented bitcoin, put forward false evidence in his latest trial and, as a result, awarded him only £1 ($1.23) in damages.

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Judge Martin Chamberlain wrote 🖍 in his judgment that Wright’s original case, against podcaster Peter McCormack, had been “deliberately false.” Good consolation?

Who is a fan of this football club? Socios.com’s owner and technology provider, Chiliz, will invest 💸 €100 million (~$102 million) to acquire nearly a quarter of Barça Studios, which manages the club’s audiovisual productions and digital business offerings. The investment will enable the club to build better NFT and metaverse projects, while being able to refine its approach to engaging with fans and building community through the use of digital assets.

They don't want to repeat the Coinbase experience? Binance.US said it will be closing deposits 💰 of Amp (AMP) and removing the AMP/USD trading pair on Aug. 15 following the token's mention in a legal action from the U.S. Securities and Exchange Commission.

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The federal regulator filed a complaint against a former 💱 Coinbase product manager and two individuals in July that claimed that AMP and eight other cryptocurrencies were “crypto asset securities” that fell under the SEC’s purview.

Crypto exchange Huobi can begin offering cryptocurrency exchange 💱 services in Australia after its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) on Aug. 1. This means Huobi can now offer fiat to cryptocurrency trading services in the country. The company initially indicated it would focus on providing OTC services after receiving its registration. Have a good journey.

The British Financial Conduct Authority (FCA) demands 📑 clearer and more prominent risk warnings from the companies marketing high-risk investments. Certain investment incentives, such as refer a friend bonus, will be banned altogether.

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In a note published on Aug. 1, the FCA has finalized stronger rules to 💬 “help tackle misleading adverts that encourage investing in high-risk products.” Maybe someone will be saved?

The legend is back. British rock band Muse’s upcoming new album 🎶 will be released as a limited-edition NFT on the Polygon-powered platform Serenade. "Will of the People," the ninth studio album of the iconic rock band Muse, will be released on August 26 as an NFT and is set to be the first-ever release that will enter the charts in the UK and Australia.

Conclusion: Amp received restrictions on the binance. It will be very hard for them to get out of this loop. Huobi conquers further territories. The Chiliz continue to invest large amounts in football clubs in difficult times. All of these different lines of development are inherent in cryptowinter. During such periods, the weak projects leave and the stronger ones consolidate their positions.

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.