The world was shocked when Argentinians chose controversial politician Javier Milei as the new president. The South American country has been in shambles financially for decades, and Milei promises big changes. He cut back many interior departments and made the first move in a broader economic reform. Part of that reform is accepting cryptocurrencies, but not in the way El Salvador did.
Milei is an avid supporter of cryptocurrencies, but is unsure of accepting Bitcoin as legal tender. That might shake up the already fragile economy in the country. However, one of the first things he did with the economic reform was to accept cryptocurrencies as contractual payments. So, Bitcoin didn’t actually go legal in Argentina under Milei, but it’s an important step in the right direction that can help with the country’s financial woes.
No Mention of Cryptocurrencies
Here’s the twist – the announcement doesn’t mention cryptocurrencies specifically. However, it lets contractors and residents to choose the form of payment that suits them the best, including provisions on both sides. Experts widely believe that the ruling includes cryptocurrencies as well. Milei is not against the idea of digital assets, choosing the safe option to introduce them to Argentina’s weak economic system as contractual payments.
The move was announced by the country’s new Minister of Foreign Affairs – Diana Mondino. She tweeted the news that reached all parts of the globe as a first part of the new president’s broader economic reform. Everyone knows that Argentina needs a chance in monetary policies and there’s a lot of work to be done in the debt department. By integrating digital assets into the system, Milei hopes that it’ll help with the hyperinflation and support the weak economy.
With the changes in the law, contracts can be agreed in Bitcoin. According to Mondino, other digital assets (cryptocurrencies) as well as tangible assets—for example meat or milk—are also permittable for contracts.
The new law is supposed to encourage innovation in financial transactions. It comes off the heels of the new economy degree which repeals outdated laws from over 300 years ago. They’ve been greatly linked to Argentina’s worsening financial state. While previous governments failed or didn’t want to change things, Milei is not afraid of some elbow grease.
Pro-Crypto President
Javier Milei’s shocking electoral win signals a change in Argentina’s political structure. It’s clear that the people want something different after decades of economic turbulences. Argentina’s debt situation is one of the worst in the world, and no one tackled the problem properly before. Enter Javier Milei, an unlike presidential candidate and winner, who is openly pro-crypto.
That doesn’t mean that he’ll follow the example of El Salvador. However, Argentina’s dedication to endorse digital assets for contractual payments shows that the new government wants to unlock the full potential of cryptocurrencies. The country has nothing to lose and everything to gain. By implementing the new framework, it may foster economic growth and innovation, which might lead it in calmer waters in an economic sense.
Christmas is almost upon us, and if you haven’t jumped straight into a crypto casino Xmas promo, now’s the time. Take FortuneJack’s tournament for example – it started on December 7 and will end on Xmas, giving you just over 2 days to enter and have fun. There’s plenty to claim. If we’re honest, this truly looks like a promo that features the best gifts from Santa’s bag.
The Xmas Collector promo runs until December 24, 23:59 (UTC) and is a multiplier type of tournament. A total of a dozen Christmas slots are eligible, and the prize pool is $30,000 with 10,000 free spins. The higher you climb, the better the prize, so it’s best to start right now. Don’t forget – you’ll need to opt in to participate in the tournament.
Xmas Collector Wonderland
Like many other slot tournaments, FortuneJack’s Xmas promo is based on multipliers. That is, the player who hits the highest multipliers climbs the leaderboard higher. It’s not an unknown concept or anything, and allows you to hit huge wins. The total prize pool is $30,000 and you also have 10,000 free spins to play for.
The prizes are credited in USDT and will be available 48 hours after your win. The minimum bet to participate in the tournament is $0.50, with 12 slots to pick from in total. This isn’t a provider tournament – instead, the 12 games come from different studios, making for quite a diverse competition.
Here’s a list of some of the eligible games:
Santa’s Wonderland (Pragmatic Play)
Santa’s Puzzle (Endorphina)
Santa Spins (Red Tiger)
Santa’s Jingle Wheel (Fugaso)
Starlight Christmas (Pragmatic Play)
Secrets of Christmas (NetEnt)
Merry Scary Christmas (Mascot Gaming)
Invading Vegas Las Christmas (Play’n GO)
Fat Santa (Push Gaming)
Christmas Infinite Gifts (Mascot)
Santa’s Gift (Endorphina)
Wild Santa 3 (Spinomenal)
That’s not all – there are even more Xmas-themed slots available for this promo, including Book of Santa and Buffalo Power Christmas Edition. The tournament type allows you to climb the leaderboard by hitting the highest multiplier in any of these slots. As long as that continues happening, you’ll climb higher and higher and get a fair portion of the prize.
The top player on the leaderboard gets $10,000, with $6,000 and $3,000 for the 2nd and 3rd ranked players. There are cash prizes for 25 players in total – the remaining players get fair portions of the free spins.
Terms and Conditions
FortuneJack casino’s Xmas promotion has rules you must follow to obtain your prizes. The casino’s general terms and conditions apply for this tournament too. As mentioned earlier, you’ll need to opt in and play at least $0.50 to participate in the tournament. You can only win cash prizes on the eligible games. In case of tied scores, the prizes will go to earlier achievers.
All prizes will be paid in USDT. Make sure to read the casino’s general T&Cs to learn more about the withdrawal rules.
The drama between the SEC and Coinbase is getting a new chapter. It’s been over a year since Coinbase proposed a Bitcoin ETF, and the SEC still hasn’t decided on a ruling for it. New developments in the case are stealing the thunder from the Bitcoin ETF, with Coinbase deciding to take matters in its own hands by going back to court.
Coinbase’s CLO Paul Grewal said that the exchange decided to go back to court to get answers after 18 months of silence. Coinbase will now challenge SEC’s abdication of its duty, and it’ll be very interesting to see what comes out of this case.
Meeting Set for January
Back in May this year, Coinbase won the backing from the Court of Appeals for the Third Circuit. It required the SEC to find a decision for Coinbase’s petition right away. However, the agency and its chief Gary Gensler objected. But, nowhere to turn, it eventually obeyed and made a ruling in June that harms Coinbase’s chances for a spot ETF.
But, months later, the case hasn’t progressed at all. Gensler recently issued a statement that essentially denies Coinbase’s petition for broad crypto rules. The SEC believes that not every crypto asset is necessarily offered and sold as security, especially when it comes to Bitcoin. This goes against the agency’s somewhat softer stance against ETFs based on spot Bitcoin prices.
A meeting is now set for January 17 right after New Year where Coinbase and the SEC will face off. This meeting holds great significance—maybe an even bigger one than the proposed January 10 deadline for the Bitcoin spot ETF. Many believe that these might be crypto’s most significant legal development in the past few years. Of course, Coinbase is under the spotlight. If it wins its case, it will essentially reject the SEC’s controversial ‘regulation by enforcement’ strategy that many experts have criticized.
If it loses, the decision might give the SEC the power to operate the way it wants to. As you can see, the meeting will be very significant, so this case may be a game-changer. The good news is that experts believe the judge won’t rule in the SEC’s favor, as dismissals of such cases rarely happen before an intriguing discovery.
The Drama Steals the Bitcoin ETF’s Thunder
This drama has been dragging on for far too long, and it’s stealing the thunder from the Bitcoin ETF. The final date for the SEC’s decision is January 24, but everyone’s hoping that the January 17 meeting will be decisive.
There’s definitely a lot of drama surrounding this case, and crypto fans and investors are hoping that the SEC comes out on top of it. The new developments come after a previous SEC court loss which was positively accepted by its fans and all crypto enthusiasts. Back then, Coinbase’s chief legal officer was adamant that a Bitcoin ETF is coming soon, but a few months later, there’s new drama surrounding the face-off. We hope that it all gets solved in January – the crypto world deserves it.
Last year was a major hallmark for bitStarz. The popular crypto casino released its first exclusives in April 2022. The batch of in-house games was a real marvel. These games were designed to be light-weight and fun to play. Their lightning-fast loading games made them a perfect fit for on the go gaming. They may not match the latest slots in terms of graphics or features, but in terms of fun, bitStarz’s exclusives are unbeatable.
The collection has just grown with the release of Pachinko. With it, bitStarz does something not many developers have before. Pachinko, the popular gambling product of Japan, has not been adapted in a great way outside of Asia. That will definitely change with bitStarz’s new game, and everyone’s very excited about it.
What’s Pachinko?
Pachinko is a unique game that’s played in parlors across Japan. It’s quite a controversial one too as many deem it too addictive. In some ways, it’s like pinball. You play it by buying special metal balls which you then ‘feed’ into the machine that fires them up the playing field. It’s similar to pinball machines, but unique in its own way.
Unlike pachinko parlors, the balls you get for this game are not shiny metal, but yellow. You’ll need to join bitStarz and make a deposit before you can play the game for real money. That shouldn’t be too hard. Next up is buying the balls from the in-game menu. The more you have, the better your chances. Pachinko has a very simple user interface so you won’t find it troubling to play. Better yet, you can check the guide for the rules.
You can buy 50, 100, or 200 balls max. The game plays much like a slot. You either click on Play or hit the Spacebar to start. A ball will launch across the game area. The goal is simple. You need to get these small balls to the designated pocket points or the jackpot basket. Hitting the pocket points awards 5 extra balls. If you hit the jackpot, you’ll get 1,000 balls.
Just like in the real pachinko, the payout is in balls, not cash. But, don’t worry. If you decide to cash out, you will get your money’s worth.
Exciting bitStarz Originals
Most crypto casinos are satisfied with nothing but familiar games. Then there are those who push the envelope like bitStarz, and we’re all glad they exist. bitStarz regularly updates its lobby with the latest slots and casino games, but it also does a great job at adding these bitStarz originals which truly make a difference.
We’re been dreaming of a good pachinko adaptation for a long time and now it’s finally here. While there are a few changes to make the game more exciting, this is the only true pachinko game you can play at casinos right now. We’re not counting the live dealer variants that may be a hit or a miss. If you want a true pachinko experience, head to bitStarz right now.
We’ve talked about El Salvador’s Bitcoin experiment and success many times now. Last week, we talked about how the country made net profit on its Bitcoin investments after deciding to always buy the dip. It’s been a fairytale for El Salvador so far, and tech-savvy president Nayib Bukele doesn’t plan on stopping El Salvador’s progress anytime soon.
For years, he’s talked highly of the so-called volcano bonds. Bukele plans to build a Bitcoin-mining-powered city on the island powered by its active volcanoes. The Bitcoin bonds are a big lure for foreign investors, and after all but eliminating crime and making a profit with BTC investments, the bonds are soon about to go live.
Huge Deal for Investors
The volcano bonds were a project that many dismissed. Bukele’s dream was to issue them to millionaires and major investors who will provide the country with the financial ‘fuel’ it needs to build the world’s first Bitcoin City. That initiative is now closer than ever, as it has finally secured regulatory approval. The Digital Assets Commission has finally confirmed the volcano bonds, and their issuance is expected in the first half of 2024.
This is a huge deal for investors. Bukele hopes to attract investors from all over the world and finally start the construction of the volcano-powered Bitcoin City. The plans from 2021 envision it as a city in the eastern region of El Salvador. The project should harness the thermal energy generated by a volcano – hence the name volcano bonds. They will serve as bonds available to foreign investors, and should contribute as much as $1 billion to the development of this plan.
So far, the regulatory greenlight has been met with a great response from the financial community. There are already investors planning to pour money into Bitcoin City. In return, they’ll get unique bonds. According to reports, they should be available at Bitfinex Securities. This is a regulated and legit segment of crypto exchange Bitfinex which has close relations with the president of El Salvador.
Major Bitcoin Milestones
El Salvador went with the controversial decision to switch to Bitcoin from the US Dollar in 2021. It came after the IMF refused to help the country, so new tech-savvy and crypto-friendly president insisted on a new plan. He ditched the IMF and the US Dollar and gambled on Bitcoin. There was instant criticism from major countries, the IMF, and the World Bank, but Bukele didn’t back down.
Instead, the government bought the dip anytime it could. In the summer of 2022, he announced that El Salvador would buy 1 BTC every day. The current value of El Salvador’s holdings exceeds $130 million, and last week, Bukele announced that the investment has made over $3 million in profit.
The volcano bonds and Bitcoin City are the next step of the plan. If El Salvador succeeds in getting huge investments, everyone will hold their breath to see what Bitcoin City brings.
Right before the New Year, it’s a time of cheer and joy and carefully picked gifts. Everyone’s chipping in for this time of the year, and crypto casinos get very active around this time. Bitcasino.io is among the most generous crypto casino sites of them all, and that’s true all year round. It ends the year on a high, giving players a chance to participate in a rewarding Christmas tournament that lasts until December 26.
Aptly named Santa’s Sleigh of Surprises, the tournament started on December 1 and will almost last to the New Year. It comes with a prize purse of 50,000 USDT as well as daily prizes. Take a ride in Santa’s magical sleigh, and enjoy surprises every day.
Big Prize Purse + Daily Rewards
Most promotions at casino sites don’t last for a full month. Nor do they come up with so many prizes. Santa’s Sleigh’s prize purse in this one is 50,000 USDT, but to top that off, the casino has surprising daily prizes on offer as well. It lasts from December 1 to December 26, and is open to any player who chooses to participate.
Opt in between the specified dates and return to the promo page every day for special new surprises. You’ll get a promo code under the daily picture which you can activate in your own Rewards section. After that, you’ll need to wager 50 USDT or more and get the same amount in return. All of the games available in the casino are good enough for this offer.
To make sure you’re not missing out on the daily rewards, you’ll have to follow Bitcasino.io on social media. Check your email inbox every day too to discover the latest prizes.
As you play, you’ll earn special points that put you on the leaderboard. This is where things get exciting. As mentioned earlier, the total prize pool for Santa’s Surprising Sleigh is 50,000 USDT. Half of it is reserved for the top players. If you top the leaderboard, you get 25,000 USDT. The second and third spots get 10,000 and 5,000 USDT each, with the last four-figure reward (1,000 USDT) going to the player on the fourth spot.
In total, there are rewards for 50 players, with the lowest one being 10 USDT. It’s a good time to be a Bitcasino.io member, as those prizes will surely come in handy during the holidays.
Terms and Conditions
The tournament is available to all registered Bitcasino members who opt in between December 1 and December 26. By opting in, you will need to play any casino game with and spend at least 50 USDT to be eligible for the prize pool and daily prizes. The daily prizes are different and can only be redeemed with a special promo code.
In order to claim a prize from the pool, you’ll need to enter in the top 50 players on the leaderboard. If you finish outside yet earn a single point, you receive a 5 USDT free chip. Players on spots 7 and 8 on the leaderboard get a lucky bonus boost of 2,000 USDT each.
It’s been years since El Salvador shockingly announced that it’s legalizing Bitcoin as legal tender. What’s more, the country switched from fiat money to crypto and enraged everyone in the process. But, tech-savvy president Nayib Bukele wasn’t worried about the criticism – both local and international. He continued buying the dip whenever there was one, firmly believing that Bitcoin will lead the country forward.
In the meantime, he took matters into his own hands when it comes to crime in El Salvador. The country’s Bitcoin portfolio grew larger, with over 2,500 BTC in its wallets right now. After years of going up and down, El Salvador is finally going to break even, proving that the experiment truly worked.
Millions of Dollars in Profit
After Bitcoin surged to $43,000 on Tuesday, the country’s president revealed that El Salvador’s BTC portfolio has made a profit of $3.6 million. That doesn’t look like much, but keep in mind that the country can use those millions for capital projects in infrastructure, education, or something else. While the world is in a downward spiral financially, the small island country has managed to make profit this year. And it’s all thanks to Bitcoin.
It comes naturally when you think of it. Instead of getting loans with the worst possible rates from the IMF, Bukele stood his ground with Bitcoin. El Salvador is now mostly a crime-free country thanks to his efforts. The country’s citizens criticized his Bitcoin move, but after a couple of years, it paid off. And will continue to pay off as the country grows its portfolio. The stalled Bitcoin City project will surely be of interest to many investors. The volcano bonds are still for sale, and if El Salvador pulls that off, it will be a fantastic story.
More importantly, the country’s experiment serves as a prime example of how Bitcoin can function in today’s economy. It also shows that it’s a much better choice than traditional finance. The only side that makes profit out of traditional finance are banks and financial organizations. With crypto, there’s no middle-man involved, so a country can make a profit with smart investments.
Big Moves Ahead
El Salvador initially bought Bitcoin in September 2021. It amassed a total of $310 million worth of BTC. During all of this, the country faced harsh criticism from the international community. The IMF criticized the move too, suggesting that it will be El Salvador’s doom. Not only that didn’t happen, but years later, the country makes a huge profit.
Despite the volatile market, Bukele refuses to change his stance. He won’t sell to make profit – instead, he’s in it for the long run. El Salvador and Costa Rica too have turned into a global blueprint for how Bitcoin can help global finance. But, El Salvador did it first, and that’s why it’s such a big hit around the world.
With Bitcoin obviously headed to new heights, El Salvador will make further profit for sure. With a man like Bukele at its forefront, we’re sure it’ll continue to thrive in the future.
bitStarz casino is always up to something when it comes to its game lobby. The game collection currently has 6,000 titles, but the casino never sleeps. It’s adding new content all the time including new slots and providers. This week, it treats all of its players to a new NoLimit City slot and games from a new provider – Clawbuster.
As a result, the bitStarz faithful have plenty new games to try out. NoLimit City’s slots are always great fun, and we’ll cover its latest slot—Nine to 5—further below. As a plus, you’re looking at dozens of games from Clawbuster, an exciting new studio that will take you on the ride of a lifetime.
Working Nine to Five in NLC’s Latest
NoLimit City’s always up to crazy ideas for its slots. Besides the mechanics that are too complex to wrap your head around, it always manages to come up with the craziest ideas. In Nine to 5, you’ll be climbing the corpo ladder for a prize that almost hits $370,000. That’s a CEO salary if we ever saw one. Getting the top prize won’t be easy. You’ll have some crazy colleagues to get around with in a satirical slot that parodies the working hours in offices set in the 1990s.
The company you’ll be working for is named Ratrace Inc., which is convenient. The characters on the reels have drawn obvious inspiration from the 1990s cult TV show – Beavis & Butthead. A bit more sinister, if we might add. The manager looks craziest of the bunch, while the other symbols include other spooky characters as well as work lunches, gross cups of coffee, and more.
To get a promotion, you’ll need to enter the Middle Management and Ivory Tower Spins. You get to collect multipliers to hit the biggest wins. Of course, being an NLC slot, you also get some cool modifiers that’ll lead you straight to the top prize of 10,000x the bet. It’s as crazy as any of the studio’s other online slots. We particularly like it when the blue screen of death comes up, and the grossly unclean old-school monitor plastic.
To translate, it’s a must-play affair.
Welcome to Clawbuster
The name of Clawbuster isn’t very popular in the iGaming industry. But, thanks to the new partnership with bitStarz, you’ll hear this studio’s name pretty often in the future. If you’re thinking of those mechanical game claws when you hear its name, you’re right to do so. Its games are something of a cross-breed of such machines, slots, and instant games, with exciting mechanics and features and payouts up to 5,000x the bet and over.
So far, we can recommend a few games to star your Clawbuster Adventure. First up is Candy Claw, a sugar rush bonanza where you’ll use the claw to retrieve sweet colorful dessert balls. Wild West Claw is a western spaghetti with a claw in the center of it all for everyone who misses the wild, wild west.
One thing’s for sure – with the new slot at bitStarz and the Clawbuster games, the casino became even more fun than before.
The world’s largest cryptocurrency exchange, Binance, has just pleaded guilty in a federal case on account of money laundering. The company has been in the crosshairs of the US Department of Justice since 2019. At the time, it stopped serving US customers due to raised questions on regulatory compliance. It made a change to its name to BAM Trading, and then registered Binance.US as a crypto trading platform in the USA.
However, the Justice Department wouldn’t let it operate. Both it and the SEC have been against Binance and its SEO, Changpeng Zhao, filing corporate action against the exchange this year. After months of speculation, Binance has lost one, and will pay one of the largest corporate penalties in the history of the USA.
Binance Pleads Guilty
The world’s largest cryptocurrency exchange Binance has been locked in some major legal issues in the past few months. It pleaded guilty to federal charges on money laundering earlier this week. The company will now have to pay $4.3 billion in penalties. Its famous CEO, Changpeng Zhao, announced he would be stepping down as CEO. He should also pay $50 million out of his pocket toward the penalties.
CZ isn’t just stepping down – he also pled guilty to felony criminal charges of money laundering. The Department of Justice proved he violated the Bank Secrecy Act after failing to implement an effective AML plan at Binance. This was revealed in a court filing last Tuesday. So, what exactly happened?
Before 2021, Binance allowed its customers to trade on its platform without completing the mandatory KYC procedure. Short for Know Your Customer, this procedure is a must at exchanges, finance websites of all kinds, crypto online casinos, and other organizations. Binance’s CEO CZ believed that by requesting KYC checks for all customers would mean that some may choose not to use Binance. It would interfere with the company’s plans to gain market share, so the KYC check before 2021 wasn’t mandatory.
That’s what set the Department of Justice off. Not having these rules allowed US customers at Binance to trade with criminal enterprises and sanctioned users. According to Secretary Treasure Janet Yellen, Binance processed transactions linked with child abuse, illegal terrorism, narcotics, and more. In total, there were around 100,000 suspicious transactions, and it was clear that the Department of Justice would try to bring Binance down.
It took years, but the company is paying a steep price.
What Happens Next?
Obviously, investors and the company’s employees are concerned about what happens next. Binance will be subject to scrutiny in the next five years from a third-party monitor. CZ has already stepped down from his role of CEO, tweeting that Binance’s Global Head of Regional Markets, Richard Teng, is taking his role.
This kind of legal action gives wings to the CFTC, which once again called for tighter crypto restrictions. The charges will also be a wind in the tail for Binance’s major competitor Coinbase. As we all know, Coinbase has already applied for a Bitcoin ETF, and it may get approved soon. Even sooner maybe, seeing how Binance is taking the fall.
FortuneJack has grown into one of the most popular crypto casinos in the past few years. It’s all thanks to the high-quality gaming choices and the various bonuses and promotions. The casino is also fond of running regular tournaments with huge cash prizes. That’s the case with Multiplier Collector, an ongoing promotion with $5,000 and 25,000 free spins to claim.
The tournament runs between November 23 and November 29, so it’s already live. You have nearly 6 days to collect multipliers on fun Betsoft games and climb up the ladder to get the highest prizes. If that looks like fun to you, read on to learn more specifics about this multiplier hitting bonanza at FortuneJack casino.
Betsoft Excitement
It’s fair to say that Betsoft has grown into one of the most successful developers in the past decade. Since its launch, it has released hundreds of titles brimming to the top with special features and featuring Betsoft’s trademark 3D graphics and animations. The studio doesn’t stick to one genre – instead, it varies things up so it has slots for all types of players.
Its mastery is on full display in the games eligible for this tournament. They range from aquatic adventures to explorer bonanzas, oriental treasures, and Irish themes as well. Here’s a preview of the eligible games:
Rise of Triton
Super Golden Dragon Inferno
April Fury & The Chamber of Scarabs
Wish Granted
Pho Sho
Hot Lucky 7s
Charms & Treasures
Vegas
Expansion
Hearts Desire
Golden Dragon Inferno
Sleighin’ It
Captain’s Quest Treasure Island
Wilds of Fortune
Book of Helios
Take Olympus
In order to take part in the tournament, you’ll have to opt in. All that remains is to start betting on the abovementioned games to claim the cash prizes. The slots eligible for free spins are a bit different. These are Trinity Reels, Mystic Hive, and Dragon & Phoenix. Regardless, they’re still exciting to play and easy, so you’ll have fun while climbing up the board for some truly big rewards.
Terms and Conditions
As mentioned earlier, the tournament is only available to registered players who opt in. The action revolves by collecting multipliers, a standard mechanic for tournaments of its kind. In short, the higher the multipliers you hit on the popular online slots, the higher up the leaderboard you’ll climb.
The minimum bet required for this tournament is $0.50. The more you play, the better your chances will be. Only real money bets will qualify – no bonus bets count. If there’s a tied score, the player who scores first will claim it. Only the three top spots will claim a cash prize. The free spins are spread among 25 players, with only two of them (4th and 5th placed players) getting 2,500 free spins while all others getting 1,500.
The 1st placed player wins $2,500 in cash. Runner ups on the 2nd and 3rd spot get $1,500 each. The prizes will be credited in USDT 48 hours after your win. The casino’s general terms and conditions apply.
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