Crypto News Weekly Digest

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2022-08-19

BTC, ETH, DOGE: Why Major Cryptos Are Trading In Red Today?

Today’s slump in the price of crypto giants including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) has left investors disappointed. At the press time, BTC was trading at $23,379.13, down by 4.05% over the last 24 hours. Meanwhile, the price of ETH and DOGE was spotted trading at $1,845.20 and $0.082021, a decline of 5.11% and 6.78% respectively.

So, what has led to this bearish trading pattern in the crypto biggies? One answer to this is the dismal performance of US indices in the overnight trading on Wall Street as hawkish investors keenly watched the minutes of the July meeting published by the Federal Reserve on Wednesday. With inflation still in sight, investors are sceptical if the US Central Bank will further hike the interest rates or if there will be a relief.


 

Shiba Inu (SHIB) releases the Shiba Eternity game.

 

▪️Shiba Eternity is the name of the Shiba Inu Collectible Card Game (SHIB CCG). The popular Australian game developer PlaySide Studios is working on the creation of the game.

According to PlaySide Studios, the Shiba Inu Game will launch in Q1 FY23. Based on the Australian fiscal year, this means we could expect the SHIB game to launch between July and September 2022.

Shiba Eternity is already live in Vietnam, with testing opening in mid-August. With players across the globe making alternate accounts to play, SHIB has had to increase the server capacity 50x to keep up with demand. Currently available on iOS devices only, we aren't sure when it will launch on Android or in other regions.

The latest on the release date comes from Shytoshi Kusama, who has once again reaffirmed that the Shiba Inu game is still on track for a September 202 launch.

 

Young Californian have to pay $61,000 fine for SIM crypto fraud.

The US Department of Justice, investigating the fact of fraud with cryptocurrencies, sentenced a Californian student from San Diego to payment of compensation and probation.

The Louisiana Eastern District Attorney's Office said 21-year-old Richard Yuan Li received three years probation and a $61,000 fine for over $57,000 in SIM crypto fraud.

 

Football giants Barcelona and Real Madrid team up to create the Metaverse trademark.

The two most decorated soccer clubs in Spain (FC Real Madrid and Barcelona) have submitted a filing to own a joint metaverse trademark. According to the news as shared by mike Kondoudis, the two clubs filed metaverse trademarks for international classes 9 and 41

The clubs intend to grant fans access to various club-related products in the metaverse. Class 9 trademark covers downloadable software that works as an e-wallet and downloadable software for managing crypto transactions through blockchain. By comparison, the class 41 trademark covers virtual reality games, interactive entertainment, virtual reality content, and experiences.

Built With Bitcoin Completes Clean Water Project For 1,000 Nigerian Villagers

 

The project, funded with bitcoin, provided the Igbaruku village with clean water, where the community previously had to travel miles to reach a contaminated water source.

  • Built With Bitcoin has completed a clean and sustainable water project in Nigeria.

  • The Igbaruku community, with over 1,000 villagers, will no longer need to use a contaminated and unsafe water source that is miles away.

  • The project was completed in May and cost around $6,000 in BTC at the time.

The Built With Bitcoin Foundation has built a water well in Nigeria which will provide villagers with clean drinking water and quality bitcoin education.