🏓 MoneyGram launches cryptocurrency payments

Hello, crypto-enthusiasts! Among other topics, today we talk about MoneyGram development in the US, and about digital yuan having double privacy standards

Your Favorite Crypto Digest From TradeCrypto.com #160

The statistics:

The market today is red. BTC is now trading above $20,450, ETH is trading around $1,550.

💪 Bitcoin dominance: 41.5%

📉 Total Cryptocurrency Market Cap: $ 0.970 tr

😲 Fear and greed index: 30 (Fear)

🚀 Gainers (Top-100)

• Toncoin (TON)+8.91%

• Chiliz (CHZ)+3.87%

• Theta Network (THETA)+2.58%

😭 Losers (Top-100)

• Terra Classic (LUNC)-5.96%

• ApeCoin (APE)-5.90%

• Huobi Token (HT)-3.29%

Stepn’s New Solana, Ethereum NFT Marketplace Bucks Anti-Royalties Trend

Sounds very cool. Amid a recent spate of NFT marketplaces rejecting creator royalties, either through zero or optional royalty models, a surprising new challenger has 📢 emerged: MOOAR, from the creators of move-to-earn game Stepn. It has a unique membership model—and enforces royalties, too.

MOOAR supports NFTs minted on both Ethereum and Solana, and there’s more than just Stepn’s own digital sneakers onboard. The marketplace also supports 🤝 other NFTs from both blockchains, and will have its own launchpad for debuting new projects from outside creators, as voted on by GMT token holders. MOOAR will enforce creator-set royalties on secondary market sales—a fee between 0.5% and 10% of the sale price.

Core Scientific may consider bankruptcy following uncertain financial condition

Another one's collapsed. According to a Nov. 1 report, the Core Scientific bondholders worked with legal firm Paul Hastings following a United States Securities and Exchange Commission filing suggesting financial 📉 distress. The filing indicated that the mining company was unable to meet its financial obligations in late October and early November, citing the low price of Bitcoin, rising costs of electricity, an increase in the global BTC hash rate and legal issues with crypto lending firm Celsius.

Moneygram to enable users to buy, sell and hold cryptocurrency via mobile app

Wow wow, the race is on. Global digital peer-to-peer (P2P) payments company MoneyGram has announced on Nov. 1 that users in nearly all U.S. states and the District of Columbia, can buy, sell, and hold 💱 cryptocurrency; specifically, Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), via its MoneyGram mobile app. The digital payments company said that it plans to add more digital currencies to its app in 2023, as global regulations allow.

Alex Holmes, Chairman and CEO of MoneyGram, stated: 💬 "As consumer interest in digital currencies continues to accelerate, we are uniquely positioned to meet that demand and bridge the gap between blockchain and traditional financial services thanks to our global network, leading compliance solutions, and strong culture of fintech innovation."

MakerDAO co-founder Nikolai Mushegian dies at 29 in Puerto Rico

Nikolai Mushegian, co-founder of the cryptocurrency lending platform MakerDAO and the decentralized Dai stablecoin, was found dead in Puerto Rico last week. Mushegian died due to drowning after being dragged by sea currents on the Condado beach in San Juan. Mushegian was an important figure in the cryptocurrency 👥 community, contributing to multiple industry projects, with some referring to him as a “Dai architect. The 29-year-old crypto developer is known for his work with MakerDAO forks Rico and Rai, as well as the proof-of-stake blockchain network BitShares. Sad news indeed.

Chinese central bank exec says digital yuan will offer ‘controllable anonymity’

All under control? Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, talked about the progress of their national digital currency called the digital yuan. Yi noted that the digital yuan is being positioned as an alternative to cash 💸 in China, a country with a robust digital payment infrastructure. He added that “privacy protection is one of the top of the issue on our agenda.”

The central bank governor noted that anonymity is a two-faced sword and thus must be dealt with carefully, especially in the financial ream and explained: 📲 “We recognize that anonymity and transparency are not black and white, and there are many nuances that need to be carefully weighed. In particular, we need to strike a precise balance between protecting individual privacy and combating illegal activities.”

Coinbase Is Backing Ripple Against the SEC

The growing army of Ripple backers now looks even stronger after the U.S. largest crypto exchange Coinbase moved to get regulatory approval to help the firm in its battle against the Commission. The case revolves around alleged violations 🔍 for selling its XRP token as an unregistered security. According to Coinbase, one of the fundamental due process protections guaranteed by the Constitution is that “government agencies cannot condemn conduct as a violation of law without providing fair notice that the conduct is illegal.” Good reinforcement of the team.

South Korean regulators aim to toughen crypto fraud punishments

In the aftermath of the Terra collapse last spring, South Korean legislators intend to ramp up legislation, putting specific emphasis on the protection and harshening penalties. The Financial Services Commission ⚖ (FSC) and the National Assembly are working to pass a bill that would enable financial authorities to monitor and punish unfair trade practices such as the use of undisclosed information, price manipulation and fraud while supervising crypto exchanges.

As an unnamed official from the National Assembly stated: “In the U.S., since the Securities and Exchange 💱 Commission (SEC) exercises a wide range of powers, it is possible to punish unfair trade in virtual assets without separate legislation, but in Korea, related legislation is absolutely necessary.” Well, this might help.

Conclusion: It's a shame that bright minds are leaving this world. China is continuing to bring its cryptocurrency to the masses, which will be under full state control. And Moneygram has moved closer to crypto in some US states.

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

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