Your Favorite Crypto Digest From TradeCrypto.com #146

The statistics:

Market is red. BTC is now trading above $19,000, ETH is trading around $1,250

💪 Bitcoin dominance: 41.64%

📉 Total Cryptocurrency Market Cap: $ 0.878 tr

😲 Fear and greed index: 20 (Extreme Fear)

🚀 Gainers (Top-100)

• Huobi Token (HT)+12.67%

• OKB (OKB)+3.50%

• Casper (CSPR)+2.80%

  😭 Losers (Top-100)

• Terra (LUNA)-9.90%

• Klaytn (KLAY)-8.52%

• Lido DAO (LDO)-8.13%

The show has begun. Crypto policy non-profit Coin Center filed a federal lawsuit ⚖ against the US Treasury Department’s Office of Foreign Asset Control (OFAC), claiming the government agency unlawfully overreached its authority when it criminalized interaction with Ethereum coin-mixing tool Tornado Cash in August.

“Not only are we fighting for privacy rights, but if this precedent is allowed to stand, OFAC could add entire protocols like Bitcoin or Ethereum to the sanctions list in [the] future, thus immediately banning them without any public process whatsoever,” 📲 Coin Center executive director Jerry Brito tweeted. “This can't go unchallenged.”

The “move-to-earn” fitness app reportedly laid off over 100 contract workers. including community moderators, ambassadors, and others. "The reality is that STEPN has parted ways with volunteer MODs who have not been active in the last few weeks and months," a STEPN spokesperson says. 💬 "Regarding our staff, STEPN is actively hiring for several different roles within the company." The “Careers” tab on the STEPN website, where candidates can fill out a form expressing interest in working for the company, is still live. Everything is possible.

Binance isn’t the only crypto company seduced by France’s pro-business environment: Crypto.com announced 📢 it would base its regional headquarters in Paris. In a Wednesday statement, the Singapore-based crypto exchange said it was investing €150 million ($145.3 million) in France.

The cash will go towards setting up its European HQ in the capital and hiring 🔍 local talent in the fields of compliance, business development and product. France’s market authority AMF last month gave Crypto.com regulatory approval, registering it as a digital asset service provider. The French are lucky people.

Crypto exchange Blockchain.com has become the latest crypto company to secure preliminary approval from Singapore’s central bank to provide Digital Payment Token services in the city-state. If officially approved, Blockchain.com 💱 would join the likes of companies already licensed for digital Payment Token services including crypto exchanges DBS Vickers and Independent Reserve, digital payment solution provider FOMO Pay, and crypto-friendly payments app Revolut, among others. A positive trend.

Wow, how cool. Meta Platforms has partnered 🤝 with technology giant Microsoft to bring a range of Microsoft Office 365 products into Meta’s virtual reality (VR) platform, aiming to entice companies into working in virtual environments.

During Meta’s Connect 2022 keynote, Microsoft CEO Satya Nadella said its Teams video calling app would integrate with Meta’s “Quest” and newly unveiled “Quest Pro” VR headset allowing people to gather in a virtual 🌐 space akin to a boardroom. Familiar Microsoft productivity applications such as Word, Excel, PowerPoint, Outlook and SharePoint will also be made available within Meta’s VR. Nadella added future functionality would include the ability to stream a ​​Windows Cloud computer to Meta’s headsets.

The Melbourne couple mistakenly sent 10.5 million Australian dollars by Crypto.com in 2021 is arguing in court that they thought the funds were won via a competition. Thevamanogari Manivel and her husband Jatinder Singh are currently facing a trial in the Victoria Supreme Court over theft charges, among others after the duo allegedly went on a spending 💸 spree with Crypto.com’s funds last year. The duo allegedly went on a spending spree with Crypto.com’s funds, buying four houses, vehicles, art, furniture and gifts, but 7 million AUD has now been returned. Interesting to see how this show will end.

That's quite an achievement. The city of Rio de Janeiro is seeking crypto firms to operate its tax property seasoning in 2023, allowing taxpayers to use crypto 💱 alongside fiat currency to pay tributes. The move makes Rio the first Brazilian city to accept digital assets as payment for taxes.

It is expected that taxpayers will be able to pay with more than one crypto asset and that other types of taxes will be enabled in the future, the city stated. The hired companies will provide cryptocurrency payment 💰 services and convert crypto into fiat currency. Funds will be transferred to the city in local fiat currency without any additional cost to taxpayers. 

Conclusion: Brazil is showing a double standard. For the sake of taxes they are ready to accept even crypto payments, which are officially banned in their country. Regulators are comfortable using cryptocurrencies when they need to.

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.