Crypto community entertains during coronavirus lockdown


National blockages have become commonplace in a number of countries around the world as the global community attempts to curb the spread of the new coronavirus. For weeks, people had to crouch at home and practice social distancing to “flatten the curve” of the spread of COVID-19. Aside from the terrible consequences it has had on the world economy, the situation has forced people to find a wide variety of ways to enjoy themselves.

While this lockdown may have given new meaning to “Netflix and the cold,” even watching TV series and movies can get a little monotonous. In light of this, the cryptocurrency community has come up with ingenious and unique ways to tackle boredom when locking with a number of activities on social media and online.

Players double their free time

With so many people being confined to their homes for varying lengths of time, there has been a noticeable increase in the number of online gamers, as Cointelegraph reported earlier this month.

The massively multiplayer online role-playing game World of Warcraft has gone so far as to offer a 100% experience boost so players can quickly upgrade characters during lockdown. But the mainstream gaming industry was not the only sector to benefit from the hordes of online forcers.

A number of blockchain-based games have also registered an increasing number of users due to the ongoing global pandemic. Games like War Riders and Cryptovoxels have reported a marked increase in the number of new users. The influx of gamers has even strained Microsoft’s Azure cloud platform, which is coincidentally the infrastructure that hosts its blockchain and Xbox Live.

Classic gaming platforms aren’t the only way for cryptocurrency enthusiasts to find pleasure. CryptoLiveLeak started an entertaining concept using surveys to vote across 32 different cryptocurrencies in a knockout contest. Major cryptocurrencies like Bitcoin and Ethereum have run into a plethora of altcoins.

The contenders in the first round were separated into four regions classified as the Bitcoin, Ethereum, XRP and Tether regions. In order for a cryptocurrency token to progress to the next knockout round, it had to earn more votes than its opposite token in each round in a poll by the Twitter community.

McAfee requests haunting photos

American entrepreneur and crypto defender John McAfee challenged Twitter by offering $ 500 in DAI for the best photos of vacant areas around the world. Challenging those who could travel to locked countries, the McAfee tweet garnered more than 1,400 likes and received more than 800 photos. McAfee then compiled a video of all the best photos submitted a week later.

Interest in Russian crypto is increasing

Russia has now imposed a complete foreclosure of Moscow and several other areas, and the increase in the number of people distancing themselves from society and staying at home has caused an increase in interest in the cryptocurrency trade.

A number of reports have noted an increase in Internet traffic going directly to cryptocurrency exchanges in March. The Russians have been granted extended paid leave due to the ongoing coronavirus pandemic. It seems that some are seizing the opportunity and part of this capital to exchange cryptocurrencies.

Meanwhile, March saw the largest trade volume ever recorded in the Bitcoin cash markets, with the preeminent cryptocurrency hitting a low of $ 3,800. On March 13, daily trading volumes exceeded $ 75 billion. As the data suggest, the large increase in trade volume may have been caused by traders seeking to convert crypto holdings to fiat currency in response to the escalating plight of the coronaviruses.

Scammers on the lookout

As crypto users seek to have fun in these unprecedented times, more nefarious forces seek to attack unintentional crypto users. The United States Federal Bureau of Investigation has issued a warning to the general public to beware of scams and fraudsters who are trying to take advantage of the current pandemic to trick people into their money. The FBI has warned the public to beware of blackmail attempts, COVID-19 bogus treatment or security measures, and of investment plans promising unusually high returns.

Meanwhile, Chainalysis released a report this month on the emergence of pandemic-related scams. These included phishing and threatening emails, links to download malicious apps, and fake charity emails calling for crypto donations.

Although the report also shows a 30% drop in payments to known fraudulent wallets in March, it highlights the fact that scammers are trying to take advantage of the current situation around the world.

Meanwhile, denial of service attacks targeting cryptocurrency exchanges have increased in Russia. Attacks increased by more than 400% from February to March 2020, according to a report by Qrator Labs.

The chain analysis also revealed that some darknet users were trying to sell COVID-19 infected blood. A particular user allegedly obtained a blood sample from an infected family member and injected bats into the user. It is not clear whether this is a direct scam to trick potential buyers, who have to pay the seller in Bitcoin. However, this is an example of the depravity of some people who seek to take advantage of the current crisis.


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