Your Favorite Crypto Digest From TradeCrypto.com #118

Daily statistics update:

Today's market is green. BTC is now trading above $19,800, ETH is trading around $1,500.

💪 Bitcoin dominance: 39.63%

📉 Total Cryptocurrency Market Cap: $ 0.958 tr

😲 Fear and greed index: 23 (Extreme Fear)

🚀 Gainers (Top-100)

• Ravencoin (RVN)+8.40%

• Chainlink (LINK)+4.98%

• Internet Computer (ICP)+4.14%

  😭 Losers (Top-100)

• Chiliz (CHZ)-2.63%

• Stellar (XLM)-2.47%

• Axie Infinity (AXS)-2.39%

How cool is this? With the 2022 World Cup just months away, FIFA, soccer’s ⚽️ global governing body, has announced it will launch an NFT platform for soccer-themed digital collectibles.

The platform, FIFA+ Collect, is set to launch later this month, and will feature “affordable, inclusive, and accessible” NFTs that depict notable soccer moments, art, and imagery, according to FIFA. As the World Cup 🏆 —set to take place in Qatar in late November—unfolds, moments from the marquee global soccer tournament may also be converted into digital collectibles.

An attacker gained access to PwC Venezuela’s Twitter account and has been actively posting cryptocurrency phishing links for the last 8 hours. Considering that all the tweets 📲 posted by the hacker remain active, it is evident that PwC officials are yet to act on the issue. Regarding the hack, an unnamed investor told: 🗯 “I think there's a high probability of it being a scam because this whole hacker attack story seems like a lot of bullshit, something they invented.”

The Ethereum wallet tied to actor and comedian Bill Murray—which is being used to sell official NFTs inspired by his life—was attacked 🔎 following the completion of a charity auction this week, Murray’s partners at The Chive and Project Venkman tell.

Ultimately, nearly 110 Wrapped Ethereum (WETH) was stolen from the wallet, worth about 💰 $174,000 at the time of the attack. Most of the money paid for the Murray NFT was stolen, but someone else has already donated replacement funds for charity. At least the ending to this story is happy.

Resistant to overseeing the space in the past, the agency said it now plans to work on the definition of virtual assets. The Brazilian Securities and Exchange 💱 Commission is reportedly pursuing changes in the country's legal framework with regard to its regulation of cryptocurrencies. One major concern is that the bill 📑 in question does not appear to consider tokens as digital assets or securities — and they therefore wouldn't fall under the SEC regulation. Not a bad idea.

Good work. Helping investigate a $265,000 hack on decentralized crypto exchange 💱 KyberSwap, crypto exchange Binance narrowed down two suspects that seem responsible for the attack. On Sept. 1, Kyber Network succumbed to a frontend exploit, allowing the attacker to make away with $265,000 worth of user funds from KyberSwap.

Parallelly, based on an independent investigation, Binance’s security team identified two suspects 🔎 that may be responsible for orchestrating the virtual heist. Binance CEO Changpeng ‘CZ’ Zhao confirmed that the intel had been sent to the Kyber team. Binance has also begun coordinating with law enforcement as efforts from both ends continue to corner the hackers.

A YouTube channel owned by the government of South Korea was reportedly hacked and renamed SpaceX Invest, following which the channel uploaded fabricated videos 🎥 of Elon Musk discussing cryptocurrencies. On Sept 3, the channel was momentarily hacked and renamed for sharing live broadcasts of crypto-related videos. However, the account was soon restored within four hours following a proactive intervention. The prank failed.

Snap Inc's CEO Evan Speigel announced 🔈in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by approximately 20%. Snap Inc. will now undertake the task of restructuring in an attempt to ensure the company’s success in a highly competitive space where Instagram and TikTok are currently dominating.

As part of its restructuring process, the company has axed its entire Web3 team. Jake Sheinman, head of Snap’s Web3 team, announced his exit from the company on Wednesday in a series of posts on Twitter stating: 🗯 “As a result of the company restructure, decisions were made to sunset our web 3 team." It's not going well.

Conclusion: The crypto market remains at the same level. There is no noise. Michael and Elon are quiet. Perhaps we'll hear something from them soon.

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.