🏓 Snoop Dogg and Eminem in the metaverse

Hi, Folks! Today, we keep talking about the latest crypto exchange news, as well as about how famous rappers took part in the metaverse

Your Favorite Crypto Digest From TradeCrypto.com #112

The statistics:

Market is in the sidebar, some of the alts are green, some are red. BTC is now trading above $21,500, ETH is trading around $1,650.

💪 Bitcoin dominance: 40.49%

📉 Total Cryptocurrency Market Cap: $1.016 tr

😲 Fear and greed index: 27 (Fear)

🚀 Gainers (Top-100)

  • Theta Fuel (TFUEL)+23.13%

  • Decred (DCR)+2.55%

  • Shiba Inu (SHIB)+1.98%

😭 Losers (Top-100)

  • Lido DAO (LDO)-11.63%

  • Helium (HNT)-6.27%

  • Arweave (AR)-5.71%

Snoop Dogg and Eminem to Bring Bored Ape NFTs to VMAs In ‘Otherside’ Metaverse Performance

Must be cool. Snoop Dogg and Eminem will bring their Bored Ape Yacht Club (BAYC) NFTs to the VMAs this Sunday, performing from inside Yuga Labs’ upcoming 🔜 metaverse game “Otherside.”

“Otherside” is still in development and does not yet have a confirmed release date. According to the company, the Web3 metaverse game 🎮 is currently in “Phase 1,” meaning only owners of its Otherdeed land NFTs and select developers have been able to try out aspects of the MMORPG-inspired title.

Coinbase Announces cbETH Wrapped Ethereum Staking Token

As the crypto world prepares for the Ethereum merge next month, popular crypto exchange 💱 Coinbase announced on Wednesday the launch of cbETH, its new wrapped and staked Ethereum ERC-20 token. "Coinbase Wrapped Staked ETH (cbETH) is a utility token that represents ETH2, which is ETH staked through Coinbase," 📲 the company tweeted. A very brave thing to do.

FTX CEO Calls Alameda VC Merger Report a 'Big Misrepresentation'

Somebody must have rushed to conclusions. Crypto billionaire 💰 Sam Bankman Fried is disputing reports that two of his companies — FTX and Alameda Research — are merging their venture capital investing operations.

The news of the merger was quickly disputed on Twitter by Bankman-Fried, who responded to a DB News alert by writing, "This seems like a big misrepresentation to me!". "FTX has been doing more venture recently, and I guess maybe Alameda has been doing less," 💬 he continued. "That's a really different thing than what the headline implies!"

Binance gives security assurances in Philippine senate banking committee hearing

Binance is seeking licensing to establish a presence in the Philippines ahead of a moratorium and is providing educational resources for future traders and blockchain developers. Binance representatives participated in a hearing of the Philippine Senate Banking Committee ⚖️. Binance said that it is also sponsoring a training program for new cryptocurrency traders in the Philippines this month. Interesting to see how this will end.

Cybercriminals Have Stolen Over $100 Million in NFTs

The numbers are astronomical. Over $100 💸 million in NFTs have been stolen in the last year, according to a new report by blockchain analysis firm Elliptic. The report released on Wednesday, "NFTs and Financial Crime," covers nefarious crypto activity between July 2021 to July 2022.

“Actual numbers are likely to be higher, as thefts are not always publicly reported,” 💬 Elliptic says. These unreported thefts, the firm says, are typically lower-priced NFTs. 23% of all NFTs stolen in 2022 came from compromised social media platforms like Discord and phishing messages sent to members.

Japan considers implementing tax reforms to prevent capital flight of crypto startups

Japan's Financial Services Agency proposed change includes removing ❌ capital gain liabilities for undisposed corporate crypto assets at the end of each taxation year, as well as changing the classification of virtual assets so the maximum capital gains tax applicable is reduced to 20% from 55%. Not a bad idea.

Ruling to keep Tornado Cash developer in jail for 90 days sparks backlash

A judge ⚖️ in the Netherlands ruled that Tornado Cash developer Alexey Pertsev has to stay in jail for 90 more days while waiting for charges. Puzzled by the decision, the crypto community rallied to demand the release of the developer.

The community member highlighted that "a few bad guys" decided to use Pertsev’s code and now the developer has to suffer the consequences. In Amsterdam, protestors 👥 gathered to demand the release of the developer. Chanting "open source is not a crime," the protestors urged the government to catch the criminals and not the developers. Unexpected.

Conclusion: The market is fairly calm before the weekend. Scalpers continue with their trading business. Even though everyone has already started to forget about metaverses, Eminem and Snoop Dogg are actively participating in them.

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

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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.