Your Favorite Crypto Digest From TradeCrypto.com #196

Daily statistics update:

Today's market is flat. BTC is trading at $16,843; ETH is around $1,215.

💪 Bitcoin dominance: 39.98%

📉 Total Crypto Market Cap: $810.88B

😲 Fear and greed index: 28 (Fear)

🚀 Gainers (Top-100)

• Helium (HNT) +27.11%

• Terra Classic (LUNC) +5.69%

• Neutrino USD (UCDN) +3.92%

  😭 Losers (Top-100)

• Chain (XCN) -5.97%

• Lido DAO (LDO) -5.35%

• Algorand (ALGO) -5.25%

Two things happened at the same time. SBF made it to the United States. And former FTX executives Caroline Elisson and Gary Wang have pleaded guilty to fraud and conspiracy charges. Don't take offense when I say that SBF had a pretty good time in the Bahamas, with TV 📺 and vegan food. As for Caroline and Gary, they're cooperating with investigators, which means they'll reduce their charges if they remain good kids. Yes, these kids 👶 put Sam in an awkward position. Before, he denied everything and said he knew nothing. What's next?

Yes, Crypto.com ads have already become a meme. That's a good thing, too. This time, the UK regulator didn't like the fact that in the ad about NFT, no one said that you can actually lose money with it. And also that you have to pay for gas 🧐. Previously, they didn't like the "Buy Bitcoin instantly with credit card" ad because they thought Crypto.com was trying to collect more fees. So the ad was deleted. The question is: who is Crypto.com's copywriter 🤔? Is it hard to write ads that don't raise questions from regulators?

Hardware wallet startup raised $1M with Polygon and ConSensys to develop alternatives to seed phrases. They pointed out that seed phrases are not as well stored or captured by phones 🕵️‍♀️, so the money isn't very well secured. They propose NFC cards that are used like regular credit and debit cards. These NFC cards have software on them; if the user keeps multiple cards in different locations, it would be almost impossible to hack 💪. The hacker can't steal assets if there are 2 or 4 cards. If the user loses one of the cards, he can connect it to the wallet and recover the funds.

If you've been paying attention, Neutrino USDN is our frequent guest on the top losers list 📉. So this USDN stablecoin is a creation of Waves. Unfortunately, 1USDN hasn't been on par with 1USD for a long time, now it's around $0.50. The most interesting thing is that the creator Sasha told investors, "Don't worry, everything will be fine with USDN, and then we'll create a truly unpeggable stablecoin." I wonder if that's what USDN stablecoin should be 🤔.

A popular peer-to-peer marketplace is dumping ETH because the CEO believes Ethereum has lost its real monetary value after transitioning to PoS 😡. He thinks Bitcoin is real money. Moreover, Ethereum is no longer decentralized and is controlled by a small group. He points out that the ease of creating tokens on Ethereum leads to countless scams in the crypto industry. Yet, he doesn't plan to dump stablecoins. So Ray Youssef acts like our and Bitcoin's sacred protector 🙌. 

You probably want to know us better. Well, even if not really, it's still interesting to hear how crypto media works, right 🔥? An unprecedented opportunity. There will be an AMA session with our TradeCrypto editorial team today at 9:00 am EST/ 2:00 pm UTC on the WST Telegram channel. Stop by and ask questions. Can't wait 💔 .

Conclusion: Yet again, the market is neutral. But the news is certainly interesting. What do you think, did Paxful do the right thing? Did the former FTX managers do the right thing? Come to AMA today and ask questions.

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.