News Archives

Former Tiktok Gaming Boss Launches Metao, a ‘Blockchain Agnostic’ Gaming Company – Blockchain Bitcoin News

July 8, 2022 boss

Jason Fung, former head of gaming at Tiktok, the video-based social media, is launching a blockchain-based gaming startup. The company, called Metao, will focus on providing “blockchain-agnostic” solutions that will allow Web3 game creators to expand their reach and not be limited to just a chain and an ecosystem tied to a certain token. Metao to Focus on Interoperability Blockchain is becoming a big element in several companies that are trying to mix gaming with cryptocurrency. Jason Fung, who was the gaming boss at Tiktok, one of the…

Colombia Issues Guide for Implementing Blockchain for Public Projects in the Country – Blockchain Bitcoin News

July 8, 2022 boss

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…

Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’ – Bitcoin News

July 8, 2022 boss

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,’…

Global Economic Outlook Has ‘Darkened Significantly’ — Global Recession Cannot Be Ruled Out – Economics Bitcoin News

July 8, 2022 boss

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…

Lucky Player Wins A Second 5,000x Jackpot on Bitcoin.com’s Crypto Casino, Bags Another 3 BTC – Promoted Bitcoin News

July 7, 2022 boss

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…

Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users – Blockchain Bitcoin News

July 7, 2022 boss

The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for its “low-cost transactions and sustainability commitments.” Reddit’s Polygon-Backed Digital Avatars Will Soon Be Available to the General Public On July 7, 2022, the staff at Reddit announced the launch of blockchain-backed Reddit avatars that are stored on the Polygon network. It’s not Reddit’s first rodeo with blockchain technology as the social media and discussion platform was working with Arbitrum’s layer…

Value Locked in Defi Swells by $7 Billion, Tron’s TVL Spikes 34.85%, Ethereum Dominates by 62% – Defi Bitcoin News

July 7, 2022 boss

After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum’s TVL commands 62.92% dominance or $48.17 billion of today’s $77.11 billion. Meanwhile, Tron’s TVL skyrocketed this week, jumping 34.85% during the past seven days. This Past Week Tron’s TVL Jumped by Double-Digits, Smart Contract Tokens Rise, Dex Applications Command Today’s Top Defi TVL…

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July 7, 2022

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Satoshi Nakamoto Dropped From the World’s 20th Richest Billionaire to the 79th in 8 Months – Featured Bitcoin News

July 7, 2022 boss

In mid-November 2021, Bitcoin’s inventor Satoshi Nakamoto was one of the wealthiest individuals on the planet, with more than $69 billion in bitcoin, and was among the top 20 on the Forbes 2021 Billionaires list. Seven months have passed since then, and Bitcoin’s unknown creator has dropped from the top 20 spot and is now positioned in the 79th rank among the world’s richest 100 people. Satoshi Nakamoto’s Net Worth Dropped 70% — Bitcoin’s Inventor Is Still in the Top 100 Richest Billionaires On the low end, it is estimated…

Russian State Duma Adopts Law Banning Payments With Digital Financial Assets – Regulation Bitcoin News

July 7, 2022 boss

The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament Approves Legislation Preventing Digital Financial Asset Payments The majority in the State Duma, the lower house of Russia’s Federal Assembly, has supported the adoption of a bill banning payments for goods and services using digital financial assets (DFAs) within the Russian Federation. Under current…