πŸ“ FTX became the first holder of a cryptocurrency license in Dubai

Hello crypto-enthusiasts! Today we will talk about how companies are preparing for the new bull run and the good fight against scams and scammers

Your Favorite Crypto Digest From TradeCrypto.com #93

The statistics:

Market is in the sidebar, some of the alts are green, some are red. BTC is now trading above $23,300, ETH is trading around $1,700.

πŸ’ͺ Bitcoin dominance: 41.87%

πŸ“‰ Total Cryptocurrency Market Cap: $ 0.987 tr

😲 Fear and greed index: 30 (Fear)

πŸš€ Gainers(Top-100)

  • Filecoin (FIL)+18.67%

  • Kadena (KDA)+10.53%

  • BitTorrent-New (BTT)+9.45%

😭 Losers(Top-100)

  • Bitcoin Gold (BTG)-12.59%

  • Ethereum Classic (ETC)-9.69%

  • Lido DAO (LDO)-7.79%

Civic Adds Verification Platform to Battle Bots and Scams

At least someone thought of it. The Web3 identity and reputation company Civic is continuing its fight πŸ₯Š against bots, scams, and rug pulls with the launch of a new tool, uniqueness verification, and a platform called Civic.me.

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β€œUniqueness verification is one part of the suite of products that we have for enterprise, which is called Civic Pass,” πŸ’¬ JP Bedoya, chief product officer at Civic.

ApeCoin DAO to Fund Bored Ape News Site for $150,000

Over 1.1 million ApeCoin tokens voted βœ… in favor and 149,000 ApeCoin tokens voted against the Gazette’s proposal to allocate $150,000 to fund its site, which covers news about the Bored Ape Yacht Club (BAYC) NFTs as well as Mutant Apes (MAYC), Kennel Club (BAKC), and Otherside, Yuga Labs’ upcoming metaverse game. The funds are expected to last for one year, interesting if they will survive this time?

Pro-Russia Groups Raise $2M in Bitcoin, Ethereum to Fund War: Chainalysis

Ukrainian groups have likewise raised 🀝 donations in crypto, though at a considerably larger rate. Both sides of the Russia-Ukraine conflict are being funded by crypto.

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U.S. politicians, such as Senator Elizabeth Warren, raised concerns πŸ’¬ earlier this year about the possibility of Russia using crypto to evade sanctions. The $2.2 million received by Russian groups, is still dwarfed by $64 million donated to the Ukrainian side of the war effort in March. It's a striking difference, isn't it?

CoinFLEX Announces 'Significant' Layoffs Amid $84M Dispute With 'Bitcoin Jesus'

The end is near. According to CoinFLEX co-founder Mark Lamb, that customer is famed bitcoin evangelist Roger, who has strongly denied ❌ allegations that he owes the company any money. CoinFLEX claims it is in a desperate position because of an $84 million deficit owed to the company. by one "large individual customer," Roger Ver, who has denied allegations that he owes the company any money.

Hong Kong university to inaugurate mixed reality classroom in Metaverse

Progressive approach. By building MetaHKUST, the institution plans to create a learning environment 🌐 that virtually connects the two campuses β€” in Hong Kong and Guangzhou. By virtually connecting the campuses, HKUST hopes to help students overcome geographical constraints when attending classes.

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While universities πŸŽ“ across the globe moved over to services such as Zoom for conducting online classes during the COVID-19 pandemic, Hui believes learning in the Metaverse to be a better option for students as it promotes a greater level of interaction.

Brazilian soccer club welcomes first Argentinian crypto signing amid economic downturn

Somebody got lucky. As the exchange πŸ’± rate gap between the US dollar and Argentinean pesos worsens, so does the possibility for Argentine footballers to get signed by international teams.

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The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube was made in USD Coin (USDC), exceeding $6 million and up to $8 million πŸ’° depending on the volatile exchange rate of the Argentine peso. The transfer was made possible through a collaboration with the Mexican crypto exchange Bitso.

Dubai permits full operation to FTX subsidiary FZE via first MVP license

Dubai officials say the subsidiary's operations will serve as a regulatory test for future commercial services using virtual assets. A subsidiary of cryptocurrency exchange πŸ’± FTX, has received Dubai's first Minimum Viable Product (MVP) license, allowing the exchange to fully operate in the region. Not a bad achievement.

Conclusion: The crypto market lurched after key rate decisions. There has been some preparation by companies for more serious prospects. The opening of new licenses and sites is a good foundation.

See you tomorrow, folks! Thanks for being with us :) Brought to you by Maksym, SrΔ‘an, and Aleksandar :)

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