Your Favorite Crypto Digest From TradeCrypto.com #153

Daily statistics update:

Today's market is in the sidebar, some of the alts are green, some are red. BTC is now trading above $19,300, ETH is trading around $1,300.

💪 Bitcoin dominance: 41.76%

📉 Total Cryptocurrency Market Cap: $ 0.889 tr

😲 Fear and greed index: 22 (Extreme Fear)

🚀 Gainers (Top-100)

• Klaytn (KLAY)+22.71%

• Polygon (MATIC)+6.45%

• TerraClassicUSD (USTC)+4.66%

😭 Losers (Top-100)

• Huobi Token (HT)-5.23%

• Aptos (APT)-3.88%

• Chain (XCN)-2.88%

Not a bad start. New York-based multi-asset trading services Oanda has launched a new cryptocurrency trading service in the United States. This latest addition, developed in partnership 🤝 with regulated blockchain infrastructure provider Paxos Trust Company, is designed to give investors easy access to crypto alongside their existing forex portfolios in a secure environment.

The collaboration will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’s itBit exchange through Oanda’s mobile platform, the broker said. Investors will be able open and fund trading accounts, as well as access major cryptocurrencies 💸 such as Bitcoin and Ether. According to Oanda, users will benefit from the company’s long track record in the forex and derivatives.

Another one leaves. Gavin Wood, the co-founder of Polkadot, is stepping down as the CEO of blockchain infrastructure company Parity Technologies. Parity is the development company behind the Polkadot ecosystem. In a statement released, Wood shared 📲 that he never desired the CEO role. Although he could act as one for an interim period, it was not a position where he saw himself finding “eternal happiness.” Wood shared: “Anyone who has worked with me knows where my heart lies. I’m a thinker, coder, designer, and architect. Like many such people, I work best asynchronously.”

Hackers took over the official Twitter account of crypto exchange 💱 Gate.io, putting over 1 million users at risk of losing funds to an ongoing fraudulent Tether giveaway. Hackers of unknown origin took over Gate.io’s Twitter account and changed the website URL from Gate.io to gąte.com — a fraudulent website impersonating the exchange.

The fake website is actively promoting a fake giveaway of 500,000 USDT while asking users to connect their wallets 👛 (such as MetaMask) to claim the rewards. Once a user connects their wallet to the fake website, the hackers will gain access to their existing funds and end up draining the assets. Very clever.

Unexpected. The European country of Spain is officially home to the third-largest network of Bitcoin and cryptocurrency ATMs after the United States and Canada. Spain currently hosts 215 crypto ATMs, pushing El Salvador — with 212 crypto ATMs — down to the fourth position after surpassing the country by 3 crypto ATMs. Moreover, the revelation places Spain as the highest 📈 contributor to crypto ATMs in Europe, which represents 14.65% of total installations in the continent, followed by Switzerland (144 ATMs), Poland (142 ATMs) and Romania (135 ATMs).

How noble of them. Cryptocurrency exchange FTX will provide around $6 💰 million in compensation to victims of a phishing scam that allowed hackers to conduct unauthorized trades on certain FTX users’ accounts.

FTX founder and CEO Sam Bankman-Fried posted in a Twitter thread that the exchange generally doesn’t award compensation to its users “phished by fake versions of other companies in the space” but in this case, it would compensate users. Bankman-Fried said that this was a “one-time thing” and FTX would “not do this going forward.” 💬 “THIS IS NOT A PRECEDENT,” he wrote, clarifying it was only the accounts of FTX users that would be reimbursed.

The auction ⚖ —hosted by Chiru Labs, creators of the Azuki brand—allowed people to place bids in Ethereum to secure one of eight skateboards, and amassed $2.5 million in ETH. Each of the skateboards is plated in 24 karat gold and weighs 45 pounds, according to Chiru Labs, which recommends that owners not try to ride them. The uniqueness of the skateboards are assured via a physical chip embedded inside of them, which can be scanned by a smartphone to verify ownership—an experience Chiru Labs is calling “scan-to-own.” Sounds very cool.

State securities regulators from Texas, New Jersey, Kentucky, and Alabama filed emergency cease-and-desist orders against Slotie NFT, a Tbilisi, Georgia-based virtual gambling entity that markets itself as “the largest and fastest growing online casino 🎲 network on the blockchain.” Slotie, which operates gambling games in over 150 virtual casinos, sells NFTs that claim to grant holders ownership interest in those casinos, and the ability to passively share in Slotie’s gambling profits.

State regulators found the NFTs to be unregistered securities issued in violation of state laws. They have ordered Slotie to cease and desist from selling its NFTs immediately ❌ in the four states that filed orders.

Conclusion: The bear market continues to squeeze out the last drops from projects. This time, cuts have also reached Polkadot. We really hope the project will not be hampered, especially as many of our readers have invested in this asset. Hold on.

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.