🏓 Pensioners affected by crypto

Hey, Folks! As everyone has been waiting for - we discuss the new restrictions, scams for common users and ways to avoid them

Your Favorite Crypto Digest From TradeCrypto.com #106

The statistics:

Market is red. BTC is now trading above $23,400, ETH is trading around $1,800

💪 Bitcoin dominance: 40.93%

📉 Total Cryptocurrency Market Cap: $ 1.095 tr

😲 Fear and greed index: 30 (Fear)

🚀 Gainers (Top-100)

  • Celsius (CEL)+11.81%

  • Chiliz (CHZ)+7.83%

  • Monero (XMR)+0.80%

😭 Losers (Top-100)

  • EOS (EOS)-12.30%

  • Mina (MINA)-10.05%

  • Aave (AAVE)-0.79%

Canadian Pension Fund Takes $150M Hit From Celsius Investment

Well, at least they know they won't get it back. CDPQ, one of Canada’s largest pension managers, has written off its $150 million 💰 investment in bankrupt crypto lender Celsius Network.

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“We knew there were challenges in regards to [crypto assets], but perhaps we underestimated those challenges,” 💬 Charles Edmond, CEO of Caisse de dépôt et placement du Québec (CDPQ) said on Wednesday. CDPQ doesn't expect to get any of its money back, says the CEO.

Dutch Officials Say Tornado Cash’s Code Could Be Criminal

Where is the proof? Dutch officials told the non-profit DeFi Education Fund that it "may be punishable" if a developer writes code 💬 “for the sole purpose of committing criminal acts.” It’s the latest detail from the Fiscal Information and Investigation Service (FIOD), which last week arrested a 29-year-old developer in Amsterdam in connection with Tornado Cash.

Another crypto CEO steps down as Genesis Trading restructures leadership

Doesn't anyone find this suspicious? Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or stepped into 👋🏻 advisory positions.

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Genesis said Moro will leave his position as the company’s CEO, a role in which he worked since April 2016. According to Moro, he will support 🤝 Genesis’ “next phase of growth” in an advisory role as the firm transitions to new leadership. Chief operating officer Derar Islim will act as interim CEO as Genesis’ board searches for a new leader.

Crypto scams fall 65% after gullible noobs exit the market

Unexpected news. Less gullible retail investors and falling 📉 asset prices have made scamming a less enticing endeavor, but the tsunami of new DeFi applications has hackers licking their lips. 💬 “Since January 2022, scam revenue has fallen more or less in line with Bitcoin pricing. it’s not just scam revenue falling — the cumulative number of individual transfers to scams so far in 2022 is the lowest it’s been in the past four years.”

Do Kwon reportedly hires lawyers in S. Korea to prepare for Terra investigation

Think they'll conjure a miracle? Do Kwon is reportedly hiring💸 lawyers in S. Korea to prepare for the Terra investigation.

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While Kwon claims no charges were filed against him, prosecutors in South Korea behind the investigation of Terraform Labs have reportedly conducted a search 🔎 and made seizures in 15 firms in the third week of July. This includes seven crypto exchanges linked to the now-defunct Terra's collapse.  

Indian police launch probe into BitConnect founder wanted by the U.S. SEC

The Indian police launched an investigation into BitConnect co-founder Satish Kumbhani months after the U.S. SEC said 💬 he had relocated from India. The Pune police, operating under the Indian state Maharashtra Police, launched a probe into Kumbhani after a Pune-based lawyer filed a complaint claiming that he had lost about 220 Bitcoin (BTC), or $5.2 million, due to BitConnect. Oops, someone's guilty.

Insider trading occurs in 10% to 25% of cryptocurrency listings

New secrets have floated in. According to a recent study conducted by the University of Technology Sydney, researchers 🔎 estimated that insider trading occurs in 10% to 25% of cryptocurrency listings.

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In deriving the conclusion, researchers first sampled 146 token listing announcements on the cryptocurrency exchange 💱 Coinbase between September 25, 2018, and May 1, 2022. Afterward, researchers examined the price movements of the sampled tokens in the time interval of 300 hours before Coinbase listing announcements up until 100 hours after the announcemenents, on various exchanges.

Conclusion: Bitcoin is still pushing down from the 24.000 level. Technical analysis hints at a downward reversal. At the same time, yesterday we saw the largest deposit in the history of crypto, made to the Binance exchange in USDT. Let's see what this conflicting news will lead to.

Thanks for coming, see you soon ;) Brought to you by Maksym, Nina, and Svyat :)

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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.