🏓 Opera continues Web3 adoption

Hi, Folks! As always, we're covering the latest news, including an exciting Web3 browser integration and the launch of new NFT products

Your Favorite Crypto Digest From TradeCrypto.com #132

The statistics:

Market is green. BTC is now trading above $19,400, ETH is trading around $1,300.

💪 Bitcoin dominance: 40.59%

📉 Total Cryptocurrency Market Cap: $ 0,913 tr

😲 Fear and greed index: 20 (Extreme Fear)

🚀 Gainers (Top-100)

  • XRP (XRP)+29.02%

  • Cronos (CRO)+15.74%

  • Chiliz (CHZ)+14.23%

😭 Losers (Top-100)

  • Lido DAO (LDO)-2.85%

  • Terra Classic (LUNC)-2.83%

  • Helium (HNT)-1.41%

Remember Starting Lineup NBA Action Figures? They’re Back—With NFTs

Starting Lineup action figures were a hit in the 1980s and ‘90s, delivering collectible toy versions of popular athletes 🏆 from the basketball, football, and baseball worlds, among others. Now, more than 20 years after they were last mass produced, Hasbro is reviving the brand with pricey new versions—and they come with NFT trading cards.

Hasbro opened up pre-orders today for its first new lineup Starting Lineup toys focused on the NBA, with stars ⭐ like LeBron James, Stephen Curry, and Giannis Antetokounmpo in the mix. Each six-inch figure is significantly more poseable than the old-school toys, but they’re also much more expensive: they sell for $50 a pop. How sweet.

Draft EU Law Could See NFTs Regulated as Securities

The European Union’s landmark and now-finalized Markets in Crypto Assets (MiCA) draft legislation asserts that NFTs sold 💸 as components of large collections possess little to no distinctively unique qualities or utility, and, therefore, would be subject to the same regulatory scrutiny as cryptocurrencies, according to a leaked draft of the legislation. What to do now?

Opera browser integrates Elrond blockchain services to bolster Web3 adoption

Wow, this is big. Web3 crypto browser Opera announced 📢 plans to integrate Elrond blockchain services for over 300 million users. The integration would help Opera users directly access a host of decentralized applications (DApps) and other popular services through the integrated Opera wallet.

With the integration, Opera users 👥 will have access to the Elrond Standard Digital Token (ESDT), a native token issuance standard, in addition to the native EGLD tokens, making it a great entry point for Web3. Users will be able to take part without relying on a third-party wallet, ensuring seamless transactions and added security.

UK gov't introduces bill aimed at empowering authorities' to 'seize, freeze and recover' crypto

Will it work? U.K. government said lawmakers had introduced the Economic Crime and Corporate Transparency Bill in Parliament as part of efforts to drive “dirty money” out of the country. The bill contained provisions for cutting down on the “red tape around confidentiality liability” and granting law ⚖ enforcement the authority “to compel businesses to hand over information which could be related to money laundering or terrorist financing,” including crypto.

OpenSea implements a new protocol that ranks NFT rarity

A very cool idea. In a tweet, NFT marketplace OpenSea announced 📲 the implementation of OpenRarity, a protocol that provides verifiable rarity calculations for NFTs within its platform. The protocol uses a transparent mathematical approach to calculating rarity.

OpenSea said that rare NFTs will be awarded lower numbers like 1 or 2, while NFTs that have attributes similar to many other NFTs will have higher 📈 numbers. With this, the marketplace highlighted that buyers would be able to view a reliable “rarity ranking” when considering purchasing NFTs.

Russian officials approve use of crypto for cross-border payments

The Bank of Russia and the country’s Ministry of Finance have reportedly reached an agreement allowing cross-border settlements in cryptocurrencies. Russia’s Deputy Finance Minister Alexei Moiseev said the government department has agreed 🤝 “on the whole” with the central bank over a rule that would let residents send cross-border payments using cryptocurrencies. The proposed policy change was reportedly aimed at allowing Russian nationals access to digital wallets. Progressive.

South Korean gov has confiscated 260B won in crypto for non-payment of taxes since 2021

How very unlucky. South Korean government has seized over 260 billion Korean won ( 💰 $180 million) worth of cryptocurrencies over the past two years due to tax arrears. The country’s politicians enacted regulations allowing for the seizure of digital currencies for tax delinquencies and began enforcing them last year.

One individual living in Seoul, dubbed "Person A," had 1.43 billion won (roughly $101.6 million) worth of tax arrears and his cryptocurrency exchange 💱 account wseized by the authorities. The account contained 12.49 billion won (about $88.7 million) of digital assets spread across 20 coins and tokens, including 3.2 billion won (around $2.3 million) in Bitcoin (BTC) and 1.9 billion won ($1.3 million) in XRP.

Conclusion: Despite the opinion of many skeptics, Bitcoin continued to hold steady at $19,000 per BTC. The overall market is holding steady, too. Funds are starting to accumulate assets. For holding proponents, this is worth thinking about.

Thanks for being with us ;) Brought to you by Maksym, Aleksandar, and Mariia :)

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.