🏓 Kim Kardashian to pay fine for illegal token shilling

Hi, folks! In our latest digest, you'll read about a new fine for illegal shilling and about the recovered funds stolen in burglaries

Your Favorite Crypto Digest From TradeCrypto.com #139

The statistics:

The market today is green. BTC is now trading above $19,600, ETH is trading around $1,325.

💪 Bitcoin dominance: 41.5%

📉 Total Cryptocurrency Market Cap: $ 0.906 tr

😲 Fear and greed index: 20 (Extreme Fear)

🚀 Gainers (Top-100)

• Terra (LUNA)+11.09%

• THORChain (RUNE)+8.52%

• Chainlink (LINK)+7.58%

😭 Losers (Top-100)

• Reserve Rights (RSR)-7.15%

• Terra Classic (LUNC)-1.09%

• Helium (HNT)-1.05%

Moonbirds DAO to Launch With $2.6M in Ethereum and NFTs From Kevin Rose’s Proof

This will be interesting to see. Popular Ethereum NFT project Moonbirds will adopt community governance through a DAO—or decentralized autonomous organization—set to launch 📢 in early 2023, project creator Proof announced.

Proof, which was co-founded by CEO and tech entrepreneur Kevin Rose, startup will seed the DAO with approximately $2.6 million worth of assets, including 💰 $2 million worth of ETH. Another $500,000 will be spent to buy Moonbirds NFTs on the market—an estimated 37 NFTs, based on the current floor price (or cheapest available NFT)—plus Proof will award the DAO seven of its own Moonbirds NFTs, or about $100,000 worth.

Alex Mashinsky Withdrew $10M From Сelsius Before Freezing Customer Accounts

An interesting twist. Former CEO of Celsius Alex Mashinsky allegedly withdrew $10 million from the company’s account back in May, just weeks before the now-defunct crypto lending firm froze ❄️ customer withdrawals. A source close to the matter told that “the withdrawal had been pre-planned and was linked to Mashinsky’s estate planning.” The details of the withdrawal will reportedly be part of upcoming court filings, and it’s possible the founder and former CEO of the crypto platform could be forced to pay it back.

Kim Kardashian to Pay $1.26 Million Fine for Illegally Shilling Ethereum Token

Somebody got punished. The U.S. Securities and Exchange Commission (SEC) announced charges against Kim Kardashian for allegedly promoting 📲 what the commission has called “a crypto asset security.” The asset in question is the EthereumMax (EMAX) token the reality TV superstar and influencer promoted last year.

Kardashian agreed to pay $1.26 million to settle the charges, the regulator added. She will also cooperate with an ongoing investigation and has agreed not ❌ to promote crypto securities for three years. Kardashian, however, neither admitted to nor denied the regulator’s findings, the SEC said.

Transit Swap DeFi Hacker Returns $16M in Stolen Ethereum, Binance Coin

A hacker returned 70% of the $23 million that was stolen from the decentralized exchange (DEX) Transit Swap on Saturday. The cross-chain DEX revealed that the hacker took advantage of a bug in its code, which the company identified in a self-review. 💬 "After a self-review by the Transit Finance team, it was confirmed that the incident was caused by a hacker attack due to a bug in the code. We are deeply sorry," tweeted Transit Swap. How noble.

Binance signs MoU with Kazakhstan to fight financial crime

A nice partnership. Global cryptocurrency 💱 exchange Binance has signed a memorandum of understanding (MoU) with the Financial Monitoring Agency of the Republic of Kazakhstan as a part of its global law enforcement training program.

The program, which involves officials from regulatory and law enforcement organizations worldwide, aims to strengthen industry cooperation 🤝 with national and international law enforcement in the fight against financial crime and cybercrime. The program further aims to identify and block digital assets obtained illegally and used to launder criminal proceeds and finance terrorism.

NYDIG, Under New Management, Bets Another $720M on Bitcoin

NYDIG (New York Digital Investment Group) has raised $720 million for its Institutional Bitcoin Fund. A total of 59 unnamed investors have contributed to NYDIG’s Bitcoin Fund. The filing doesn’t specify when the firm is planning to complete the purchase 💸 , however. The document further states that the U.S. Securities and Exchange Commission (SEC) has “not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.” No one is surprised anymore.

Binance opens two new offices in Brazil as team doubles since March

Changpeng Zhao (CZ)-led crypto exchange Binance has opened up two offices in Brazil as the firm looks to tap the country’s emerging crypto market, with reportedly more than 34.5 million crypto 👥 users there. Binance has now opened offices in São Paulo and Rio de Janeiro, with more than 150 employees to be spread across the firm’s operations in Brazil.

“The exchange operates in full compliance with the Brazilian regulatory landscape and believes that regulation is the only way for the digital asset industry to grow and reach the general public, allowing more people to enjoy the benefits that cryptocurrencies and blockchain offer,” 💬 the announcement reads. How fast they are.

Conclusion: More and more often, we see someone getting punished for illegal shilling or insights. This all suggests that, soon, everyone will be afraid of doing so, and the number of such cases will decrease. The most interesting thing is that everyone who received fines agreed with them. So, market vulnerability is definitely confirmed.

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

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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.