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Crypto Flipsider News – July 8th – Axie Infinity, Bitconnect Ponzi, Visa, Anthony Hopkins, Israel

Greetings crypto ladies and gentlemen,

breaking cryptocurrency news comes here again. Lot’s of action today: gaming NFTs storm the charts, Bitconnect ponzi promoters are fined, and – most scandalous – Israel involves DogeCoin to war.

Keep breathing and reading. 

Here are the news in a nutshell: 

  • Axie Infinity play-to-earn game forays the charts 
  • SEC closes the case with Bitconnect Ponzi promoters
  • Usage of Visa’s cryptocurrency cards spiked to $1 billion this year
  • Sir Anthony Hopkins to star in the Pandemic NFT movie
  • Government updates: Israel seize DogeCoin from Hamas, New Zealand wants CBDC, China’ state banks promote digital yuan

Axie Infinity play-to-earn game forays the charts

The blockchain game Axie Infinity (AXS) took crypto markets by storm, shooting up almost 200% since July 1st. The Ethereum-based play-to-earn game became the best performing decentralized app of the past 30 days.

Axie Infinity is based on collecting, raising or battling NFT creatures named Axies, that can be traded with AXS tokens. Gamers can later stak, exchange or use AXS as governance tokens.

Flipsider:

  • Axies may be beating the market, but as the growing demand increases their prices, they may simply become too expensive to start a game with. Having in mind that gamers must own 3 Axies in the very beginning. In this case, Pokemons may stay calm: they come for free and Pikachu is still winning our hearts and the contests of cuteness.

SEC closes the case with Bitconnect Ponzi promoters

The U.S. Securities and Exchange Commission (SEC) reached the agreement with BitConnect 

Ponzi scheme promoters. 

Six Bitconnect representatives were accused of taking millions as payment for promoting Bitconnect unregistered securities in early 2018. Bitconnect raised over $2 billion from retail investors at a time.

According to the agreement, 4 of the 6 Bitconnect promoters will have to pay over $4 million in settlement.

Flipsider:

  • Quantum of solace for the Bitconnect scheme victims. But seriously guys, how does it happen that such meme fraudsters do put a spell on you? Anyway, this only convinces us even more that crypto space needs an on-duty exorcist besides every much promising project.

Visa reports growth of crypto-linked cards, partnerships with crypto platforms

The usage of crypto-related cards is growing. Visa alone revealed that users spent more than $1 billion with their cryptocurrency-linked cards in 2021.

The global payment tech company has also released its first crypto-rewards card with BloFi that will allow users to earn bitcoins when shopping. Visa is also partnering with 50 of the leading crypto platforms on card programs. The payment industry giant said it is becoming more accessible for stablecoins too.

Flipsider:

  • The main competitor MasterCard, in the meantime, says the growing appetite for using cryptos for purchases comes from Millennials. So, the coffee and e-scooter industries do have something to think about. Fast. In the meantime, cable TV providers may go as usual, as Boomers will most probably not be in a hurry to pay for their beloved service in cryptos.

Sir Anthony Hopkins to star in the Pandemic NFT movie

The new film featuring Oscar-winner Sir Anthony Hopkins will premiere as an NFT in the first part of August on Vuele NFT platform. The movie called “Zero Contact” will become one of the first NFT movies in history. 

“Zero Contact” follows five characters connected by their loyalty to tech titan played by Anthony Hopkins. The movie was filmed via Zoom during the lockdowns of the global pandemic.

Flipsider:

  • Don’t know what about you, but we feel a threat to the rosy peace of the NFT paradise. The face of Hannibal Lecter is at their doors. Let’s hope the innocent pop-star non-fungibles will not turn into the “Silence of the NFTs”.

Governmental updates: Israel seize DogeCoin from Hamas, New Zealand wants CBDC, China’ state banks promote digital yuan

  • Israel’s National Bureau for Counter Terror Financing has ordered the seizure of 84 crypto addresses related to Hamas. The Palestinian militant group recently received massive donations in crypto, which include Bitcoin, Tether and Dogecoin. 
  • New Zealand’s central bank plans to launch the Central Bank Digital Currency (CBDC) to work alongside cash as government-backed money. 
  • Argentina’s congressman presented a bill to allow locals to be paid in digital currencies as national currency Peso suffers from almost 50% annual inflation.
  • Chinese state-owned banks ask their employees to promote digital yuan just like they are doing when selling other financial products like loans or savings accounts.

Flipsider:

  • Crazy times, crazy news. Dogecoin gets involved into war. But as much as we love the notorious meme coin, let it better be the weapon instead of the real bombs. For the sake of peace, DOGE, sorry.

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