Your Favorite Crypto Digest From TradeCrypto.com #143

Daily statistics update:

Today's market is green. BTC is now trading above $19,400, ETH is trading around $1,300.

💪 Bitcoin dominance: 41.19%

📉 Total Cryptocurrency Market Cap: $ 0.906 tr

😲 Fear and greed index: 22 (Extreme Fear)

🚀 Gainers (Top-100)

• TerraClassicUSD (USTC)+23.46%

• Huobi Token (HT)+7.78%

• Maker (MKR)+5.98%

  😭 Losers (Top-100)

• Quant (QNT)-3.67%

• Toncoin (TON)-1.25%

• Monero (XMR)-1.10%

We wonder why he did this. Leon Li Lin, the Chinese founder of Seychelles-based crypto exchange 💱 Huobi Global, is selling his controlling stake to a Hong Kong investment firm called About Capital, according to a blog post on Huobi’s website.

About Capital says in Huobi's blog post that under its control, Huobi 📲 “will embrace a series of new international brand promotion and business expansion initiatives including a global strategic advisory board led by leading industry figures, the injection of sufficient capital in margin and risk provision fund, as well as measures to further enhance competitiveness.”

Quite logical. “It is now prohibited to provide crypto-asset wallet, account, or custody services of any value to accounts with connections to Russia,” Dapper stated in a press release. “However, Dapper has not closed the accounts.” The decision was made following sanctions ⛔ imposed by the European Union on Thursday, targeting Russia and Russian nationals. Dapper, which specializes in NFT collectables, said it was directed to take action by its payment processing and stored value partner, which is subject to EU regulations.

100 police agents spread across three of Brazil’s federal states raided 20 addresses linked to a crypto fraud network controlled by Francisco Valdevino da Silva, aka “Sheikh dos Bitcoins.” De Silva’s group is suspected of having defrauded and laundered up to 4 billion Brazilian reals (about $766 💰 million) from “thousands” of Brazilians and citizens from at least ten other countries, according to the authorities.

Victims were promised monthly returns of up to 20% on their investments. Da Silva and his goons baited their victims by claiming to have a large team of expert crypto traders dedicated to turning profits. The gang 👥 even reportedly created and marketed their own cryptocurrencies, although on investigation, the assets had no backing or liquidity. The scammers had a good time.

A good idea. Meta leadership has placed the company’s metaverse VR platform, Horizon Worlds, on a “quality lockdown” through the end of the year due to persistent bugs. Meta employees working on the development of the Horizon Worlds 🌐 meta-universe hardly ever use the platform because of its poor quality. Vishal Shah, the company's vice president, believes that managers should be "held accountable" for making sure that employees use the metaworld at least once a week. "Everyone in this organization should set themselves the task of loving Horizon Worlds," states Shah

Troubled crypto lender Celsius has revealed the names and transaction history of hundreds of thousands of its customers in a court filing. The 14,500-page long document 📃 contained information such as customer names, crypto wallet IDs, transaction types and amounts, which services the customer had used, and the types and quantities of tokens held.

The user data leak has already received widespread condemnation on social media. Nick Hansen, CEO and co-founder of Luxor, said on Twitter that: 📲 “This Celsius leak may go down as one of the greatest breaches of customer information ever.” Unpleasant for customers, probably.

Ohhh, not a good sign. Crypto.com cut the scope of sponsorship agreements inked with major sports organizations including Los Angeles' Angel City Football Club, the 2022 FIFA World Cup in Qatar and esports tournament host Twitch Rivals — in some cases reportedly attempting to pull out ❌ of the deals entirely. Unnamed former and current Crypto.com employees, said the crypto exchange had begun considering such actions following the market downturn in May.

A promising piece of news. Cryptocurrency exchange FTX announced 📢 that it is expanding its Visa debit card offering into more than 40 additional countries around the world. No specific countries were announced, but the firm said that many are located in Latin America.

FTX launched the Visa debit card in the United States earlier this year, letting users directly tap into the crypto funds in their accounts while shopping. Now FTX plans to bring the card to much more of the world 🌍 as part of an international expansion through a long-term partnership with Visa.

Conclusion: Despite the fact that everyone has heard about the metaverse at least once, companies understand that they need to create programs to develop and engage users. During a lull in the markets, the crypto industry is growing. Let's wait until it's time to reap the rewards.

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.