🏓 McDonald's accepting Bitcoin

Hello, crypto-enthusiasts! Among other topics, today we talk about the latest Bitcoin adoption and the pumping of a famous memecoin

Your Favorite Crypto Digest From TradeCrypto.com #140

The statistics:

The market today is green. BTC is now trading above $20,100, ETH is trading around $1,350.

💪 Bitcoin dominance: 41.75%

📉 Total Cryptocurrency Market Cap: $ 0.924 tr

😲 Fear and greed index: 25 (Extreme Fear)

🚀 Gainers (Top-100)

• Helium (HNT)+9.52%

• Dogecoin (DOGE)+7.77%

• Convex Finance (CVX)+6.91%

😭 Losers (Top-100)

• Terra (LUNA)-3.64%

• Reserve Rights (RSR)-2.79%

• UNUS SED LEO (LEO)-2.25%

Grayscale Bitcoin Trust terminates material agreements with Genesis

How they will explain it? According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated ❌ two agreements with cryptocurrency broker Genesis. First, Genesis will no longer assist Grayscale in the distribution and marketing of the latter’s shares.

Second, from Oct. 3 onward, Genesis will no longer be an authorized participant of the trust but will continue to serve as a liquidity provider for Grayscale. The two agreements previously came into effect in 2019. The aforementioned responsibilities have since transferred 🔀 to Grayscale Securities LLC, a wholly owned subsidiary of Grayscale Investments LLC and an affiliate of Grayscale Bitcoin Trust.

Dogecoin Pumps as Elon Musk Agrees (Again) to Buy Twitter

"To promise is not to marry". Dogecoin jumped over 8% on Tuesday after news broke that Elon Musk may finally be acquiescing to purchasing Twitter. Musk’s attorneys sent a 📩 letter late last night to Twitter, proposing to buy the social media company for his original offer price of $54.20 per share. Within minutes of the news breaking, DOGE shot up 8.1%, to $0.0648. It’s unclear what prompted Musk’s apparent change of heart months later, but Twitter’s stock surged 📈 almost 13%, to $47.93 at writing.

Latin Grammy Awards signs 3-year contract for award show NFTs

The Latin Grammy Awards is stepping into Web3 through its first NFT collection in collaboration 🤝 with the OneOf Web3 music platform. This year’s 64th Latin Grammy Awards will have its first-ever nonfungible token collection after the Latin Recording Academy signed a three-year contract for award show-related NFTs.

The aforementioned partnership is between the Latin Recording Academy, which is behind the Latin Grammys, and OneOf, a Web3 music platform. Each collection, which will lead up to that year’s award show, will include drops highlighting Latin 🎶 music. According to Manuel Abud, CEO of the Latin Recording Academy, this is a new form of musical innovation and a way for fans to “own a piece of the Latin GRAMMYs” How progressive.

Bitwise launches Web3 ETF for institutional and retail investors

Bitwise Asset Management announced a new exchange-traded fund (ETF) to both institutional and retail investors, giving them access to companies "positioned to benefit" from Web3 growth. Bitwise in a statement said 💬 it marks "the next wave of the internet's development characterized by greater decentralization and individual ownership of data." A new era is coming.

McDonald’s starts to accept Bitcoin and Tether in Swiss town

So cool. Multinational fast food chain McDonald’s started to accept Bitcoin (BTC) as a payment 💸 method in the 63,000-populated city of Lugano in the Italian-speaking region of Switzerland, which is becoming a hotspot for crypto adoption in Western Europe.

In addition to allowing Lugano residents to pay their taxes using crypto, the project will extend payments to parking tickets, public services and tuition fees for students. More than 200 shops 🛍 and businesses in the area are also expected to accept crypto payments for goods and services.

European Parliament members vote in favor of crypto and blockchain tax policies

In an Oct. 4 notice, the European Parliament said 566 out of 705 members voted ✔ in favor of the resolution originally drafted by member Lídia Pereira. According to the legislative body, the resolution recommended authorities in its 27 member states consider a “simplified tax treatment” for crypto users 👥 involved in occasional or small transactions and have national tax administrations use blockchain technology “to facilitate efficient tax collection.” The start is made.

Mastercard launches new crypto fraud protection tool

They sure know how to surprise people. The financial service provider Mastercard launched 📢 a new crypto service related to risk management. Mastercard’s new service, Crypto Secure, is aimed to help banks find and prevent fraud on crypto merchant platforms.

Crypto Secure combines the usage of artificial intelligence, blockchain data and public records of crypto transactions, along with other sources, to determine crime-related risks of crypto exchanges 💱 within the Mastercard network. The president of cyber and intelligence business for Mastercard, Ajay Bhalla, said this development helps its partners stay compliant with local regulations when fighting fraud in the crypto space.

Conclusion: Our good old friend Elon is back. In the meantime, Twitter's shares have dropped in value and Dogecoin has skyrocketed. It's nice to see big companies like McDonald's starting to launch crypto payments in some regions. Crypto life is boiling! Hopefully, volatility will make us happy soon too.

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.