🏓 MicroStrategy buying Bitcoin

Hello, crypto-enthusiasts! Among other topics, today we'll talk about MicroStrategy purchasing BTC again, and then proceed to discuss the new insights pertinent to crypto jurisdiction

Your Favorite Crypto Digest From TradeCrypto.com #130

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 $1,300.

💪 Bitcoin dominance: 40.79%

📉 Total Cryptocurrency Market Cap: $ 0.890 tr

😲 Fear and greed index: 23 (Extreme Fear)

🚀 Gainers (Top-100)

• XRP (XRP)+4.77%

• Huobi Token (HT)+2.71%

• EOS (EOS)+2.68%

  😭 Losers (Top-100)

• Ravencoin (RVN)-10.22%

• Chiliz (CHZ)-10.20%

• TrueUSD (TUSD)-7.99%

Helium Founders, T-Mobile Launch Crypto-Powered 5G Mobile Service

An interesting idea. Crypto-fueled wireless network 🌐 Helium will soon be able to introduce its mobile 5G vision to many more users. Helium network founder Nova Labs announced that it has partnered with T-Mobile to create a new 5G wireless service called Helium Mobile.

Helium Mobile will be a mobile virtual network operator (MVNO) service and will tap both the T-Mobile and Helium networks for customers in the United States. Set to launch 📢 in the first quarter of 2023, the service will rely both on T-Mobile’s nationwide 5G network and Helium's user-operated 5G nodes.

Microstrategy Stock Drops 6% Amid Latest $6M Bitcoin Buy

Ooops. MicroStrategy’s stock dropped 📉 6% at the opening bell on Tuesday after its executive chairman Michael Saylor announced the firm had purchased another 301 Bitcoin, totaling $6 million at the time of purchase. The latest purchase brings the business intelligence firm’s total holdings to 130,000 Bitcoin. In its filing with the Securities and Exchange Commission (SEC) today, MicroStategy began its latest Bitcoin acquisition ⚖ on August 2, 2022.

Algorithmic Market Maker Wintermute Hacked for $160M

Algorithmic market maker service Wintermute suffered a security breach on Tuesday, with hackers 🕵️‍♂️ making off with around $160 million across 90 assets within the platform's portfolio. Wintermute founder and CEO Evgeny Gaevoy stated that “we’ve been hacked for about $160M in our DeFi operations. CeFi and OTC operations are not affected.”

While around $160 💰 million has been appropriated by the hacker, Gaevoy noted that “out of 90 assets that have been hacked only two have been for notional over $1 million (and none more than $2.5M),” and that as a result there shouldn’t be a “major selloff” of assets.

Nasdaq to Launch Institutional Crypto Custody Service

They don't lose their grip. Nasdaq is reportedly planning to launch its own crypto custody service, as Wall Street tries to capture institutional investor interest amid the ongoing crypto winter. The exchange 💱 provider will initially offer custody services for Bitcoin and Ethereum to institutional investors, such as hedge funds, and take on established crypto players such as Coinbase in its bid to win over institutional investors.

Alameda to Repay $200M in Bitcoin and Ethereum to Bankrupt Crypto Broker Voyager

Voyager Digital, the now-bankrupt crypto brokerage firm, will see its approximately $200 million 💰 outstanding crypto loan to Alameda Research returned, according to a court filing published on Monday. Alameda and Voyager came to an agreement after a New York bankruptcy court granted Voyager’s request to have its loan repaid.

Alameda, the crypto quant trading firm co-founded by Sam Bankman-Fried, the billionaire owner of crypto derivatives exchange 💱 FTX, owes Voyager approximately $200 million in an outstanding crypto loan. This amount originates from a line of credit that was worth $377 million before the crypto market’s crash earlier this year. The ending you weren't expecting?

SEC says all Ethereum tokens must be under U.S. jurisdiction

Apparently, fears of impending censorship of Ether were not unfounded. The regulator argues that all ether-based tokens should be subject 🔍 to U.S. jurisdiction. In the wording of the charges against Ian Balin, the SEC said that all ether-based tokens are subject to U.S. jurisdiction. The commission attributed this to the fact that most of the network's validators and nodes are in America. Highly controversial.

Colorado is now accepting tax payments in cryptocurrency, as Gov. Polis promised

The American state of Colorado now accepts cryptocurrency for tax payments, Gov. Jared Polis announced on Monday. The option is already available on the state Department of Revenue website. Colorado tax 💸 payments are accepted through the PayPal Cryptocurrency Hub with service fees of $1.00 plus 1.83% of the payment amount.

Payments are accepted only from personal accounts in a single cryptocurrency. Businesses cannot pay their taxes via crypto yet. Payments will be effective on the day they are initiated, although it will take three to five days for the transfer 🔀 to take place. Payments are immediately converted into fiat. How progressive of them.

Conclusion: As you can see, some companies just cannot wait for the next decrease in the price of BTC and are still buying. Apart from that, today's news is all about the fresh introductions of different jurisdictions. The whole world has started to take cryptocurrencies rather seriously. They undoubtedly want to control crypto as a financial instrument, too.

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.