Bitcoin News and Finance: What You Need to Know

The Ministry of Information Technologies and Communications of Colombia, Mintic, has issued a guide that describes the steps to implement blockchain in projects directed at the state level. The document defines blockchain and its basic elements, and also describes the guidelines that some projects should follow, depending on the needs of each project. Colombia Issues Guidelines for Blockchain Projects More and more governments are including blockchain in projects that require transparency and decentralization. The Ministry of Information Technologies and Communications of Colombia, the main technology institution in the country, has issued a guide that describes how blockchain should be integrated into projects directed to solve problems at a government and state level. The document , titled “Reference Guide for the adoption and implementation of projects with blockchain technology for the Colombian State,” explains the basics of blockchain and the kinds of projects that would bene...

On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason Stone, his team found “major problems in how the company operated,” and Stone told Celsius his team would terminate their relationship in March 2021. When the team started to unwind defi positions, Stone says Celsius suffered impermanent loss and accused him of being a thief. Keyfi Founder, Also Known as ‘0xb1,’ Sues Crypto Lender Celsius Jason Stone, the founder of Keyfi , a decentralized finance (defi) aggregator startup that Celsius had a stake in, has accused Celsius of practicing a number of bad standards including “operating a Ponzi scheme.” Stone addressed the public via Twitter and used an account called “ 0xb1 ,” a well known NFT whale in the crypto industry with 121,200 Twitter followers. Bitcoin.com News reported on...

The U.S. and South Korean governments have reportedly agreed to share data on ongoing crypto cases, including the case surrounding Terraform Labs CEO Do Kwon and the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). U.S. and South Korea to Share Data on Crypto Investigations South Korea’s Justice Minister Han Dong-hoon met with U.S. prosecution officials during a visit to New York this week, Yonhap News Agency reported Wednesday. The U.S. officials present at the meeting included Andrea Griswold, chief counsel to the United States Attorney, and Scott Hartman, co-chief of the Securities and Commodities Fraud Task Force of the U.S. Attorney’s Office for the Southern District of New York. The officials from the two countries examined ways to enhance cooperation in the investigation of major securities fraud and financial crimes, including those involving cryptocurrency. Specifically, they discussed information exchange between the Seoul Southern District Prosecut...

The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.” IMF Says Global Economic Outlook ‘Has Darkened Significantly’ Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook and the prospect of a global recession in an interview with Reuters Wednesday. Commenting on the global economy, the IMF managing director said: The outlook since our last update in April has darkened significantly. She cited several factors, including a more universal spread of inflation, more substantial interest rate hikes, China’s economic growth slowdown, and mounting sanctions related to the Russia-Ukraine war. In April, the IMF slashed its global growth forecast from an estimated 6.1% in 2021 to 3.6% in 2022 and 2023. This was “0.8 and 0.2 percentage points lower for 202...

Book of Aztec unleashes the power of luck, and dishes out a massive 5,000x multiplier! A 3 Bitcoin Jackpot Was Awarded From a Small Bet of 0.0006 Bitcoin When it rains, it pours – but it’s pouring money, or more precisely bitcoin ( BTC ), for this lucky player on our crypto casino! We reported earlier in March ‘21 that a lucky player has bagged not one but two epic wins within minutes of each other. The consecutive wins worth more than $175,000 came on a popular slot game ‘The Dog House Megaways’ by Pragmatic Play at Bitcoin.com Games . Now, the same player has bagged another jackpot win of over 3 BTC on Book of Aztec by Amatic. What’s notable in this instance is that while the first win came after a massive 13,780x multiplier, this second win was secured with a 5,000x multiplier. Nevertheless, in the context of such big multipliers, the initial bet value is of minuscule importance. Bitcoin.com Games, offers various types of casino games including exciting slot and table game...

Starting on July 25, the Zimbabwean public will be able to buy and hold gold coins which weigh one troy ounce each. In addition to their use as an alternative store of value, the central bank says the coins can be traded and used as “security for loans and credit facilities.” Coins to Be Sold at ‘Prevailing International Price of Gold’ Just a few weeks after revealing its plans to roll out gold coins, the Reserve Bank of Zimbabwe (RBZ) released a statement on July 4 advising “the public of the salient features and characteristics of the gold coin.” According to the statement , the public will be able to purchase the gold coins “at a price based on the prevailing international price of gold and the cost of production.” The sale of the coins is expected to commence on July 25 and buyers will be able to purchase the coins using local currency or USD, the RBZ said. The gold coins, which have been named Mosi-Oa-Tunya (the local language equivalent for the Victoria Falls), weigh one troy...

Russia’s mass media regulator, Roskomnadzor, has restored access to a major Russian crypto news portal. Bits.media was recently blocked as a result of proceedings in a regional court that its representatives were not even summoned to attend. Crypto News Site Bits.media Again Available to Russian Readers as Roskomnadzor Delists It Bits.media, the source for crypto-related news with the second-largest audience in the Russian-speaking space, has managed to win the cancellation of its blacklisting by Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media. Roskomnadzor, as the agency is also known, blocked access to the Bits.media website last week, after adding an unspecified number of pages to a register of internet sources disseminating information considered prohibited in the Russian Federation. The measure was imposed based on a ruling by the Volzhsky District Court of the city of Saratov in a lawsuit initiated by the local prosecutor’s ...