🏓 Google accepting crypto

Hello, crypto-enthusiasts! Among other topics, today we talk about Google starting to work with crypto assets, while OpenSea adds Avalanche NFT support

Your Favorite Crypto Digest From TradeCrypto.com #145

The statistics:

The market today is in the sidebar, some of the alts are green, some are red. BTC is now trading above $19,000, ETH is trading around $1,250.

💪 Bitcoin dominance: 41.4%

📉 Total Cryptocurrency Market Cap: $ 0.884 tr

😲 Fear and greed index: 20 (Extreme Fear)

🚀 Gainers (Top-100)

• Huobi Token (HT)+23.21%

• Terra (LUNA)+21.92%

• Hedera (HBAR)+8.45%

😭 Losers (Top-100)

• TerraClassicUSD (USTC)-9.28%

• ApeCoin (APE)-8.21%

• Stellar (XLM)-5.67%

Treasury Fines Crypto Exchange Bittrex $53 Million for Sanctions Violations

Breaking all records. The U.S. government has hit digital asset exchange 💱 Bittrex with fines of $53 million—the biggest fine on a crypto business by the Treasury Department to date.

The Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) said Tuesday that the U.S. exchange would have to pay two fines to the government entities of over $24 💰 million and $29 million, respectively, for “apparent violations” of multiple U.S. sanctions programs. This is because the exchange allegedly allowed people from the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria to make crypto transactions of over $263 million between March 2014 and December 2017, the statement said.

SEC Rejects WisdomTree Bitcoin Spot ETF Application

Oops, not their day. “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice,” 📃 read the filing. Specifically, the SEC ruled that the exchange hasn’t demonstrated that its WisdomTree Bitcoin Trust would be “designed to prevent fraudulent and manipulative acts and practices” while protecting investors and public interest.

Google Cloud to Let Users Pay With Bitcoin, Ethereum, Dogecoin via Coinbase

Internet giant Google said that it will use Coinbase to accept crypto payments for cloud services early next year. Google announced 📢 the deal at this year’s Cloud Next, a conference where Google pitches its state-of-the-art cloud computing business (which accounts for nearly a tenth of its revenue) to companies.

Google announced the deal at this year’s Cloud Next, a conference where Google pitches its state-of-the-art cloud 🌪 computing business (which accounts for nearly a tenth of its revenue) to companies. Not a bad partnership.

OpenSea Adds Avalanche NFT Support

The largest NFT marketplace now offers art on seven blockchains, including the “smol” world of Avalanche. OpenSea has added NFTs from the Avalanche blockchain to its online marketplace, the company 🤝 announced. The marketplace—which saw roughly $350 million in Ethereum NFT volume traded last month—now supports NFTs from seven different blockchains: Ethereum, Polygon, Klaytn, Solana, Optimism, Arbitrum, and now Avalanche. Very impressive perspectives.

CNN to shut down its NFT marketplace and issue 20% refund

Hmm, what was the reason? United States-based multimedia outlet CNN announced in a tweet that it would shut down its nonfungible token (NFT) project less than four months after its launch. Dubbed “Vault by CNN: Moments That Changed Us, 📲 ” the collection included a series of tokenized iconic news moments from CNN’s 41-year history, along with a vault to purchase, store and display the NFTs.

In explaining the decision, CNN said Vault was a “6-week experiment” and a “first foray into Web3.‍” However, the firm will 💬 “no longer be developing or maintaining this community.” The collection was originally minted on the Flow blockchain, with CNN “retain[ing] copyright and ownership over the content.”

Economists debunk the banking system and win the Nobel Prize

Ben Bernanke, Douglas Diamond and Philip Dybvig conducted research on the economic role played by banks during times of financial crisis. According to the Nobel 🥇 Prize Organization, this research included an important finding on why it is not only important but “vital” to avoid the collapse of banks. Tore Ellingsen, the chair of the committee for the prize in economic sciences, said: “The laureates’ insights have improved our ability to avoid both serious crises and expensive bailouts.” Congratulations.

SEC Investigating Bored Ape Creator Yuga Labs Over Securities Violations

Some very bad news. The United States Securities and Exchange 💱 Commission is investigating Yuga Labs over whether its Bored Ape Yacht Club Ethereum NFTs and the ApeCoin token are unregistered securities.

The report, which cites an unnamed source, claims that the agency is exploring whether the crypto startup broke federal law by issuing NFTs that act like stocks, as well as 🔍 exploring the distribution of the Ethereum-based ApeCoin token that launched earlier this year. Yuga Labs has not yet been accused of any wrongdoing and the investigation may not necessarily lead to charges, per the report.

Conclusion: It's quite significant that Google is beginning to accept crypto payments. And the current Bitcoin support levels are very strong. The whole thing is reminiscent of a spring season.

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

Let us know how you would rate today's digest:

Login or Subscribe to participate in polls.

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.