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Mysterious Project Accused of Increasing Ethereum Gas Price


A mysterious project is suspected for increasing transaction fees on the Ethereum network. Many in the cryptoverse point at the More Gold Coin (MGC) project that has multiple websites and claims that it makes 9%-25% monthly profits since its launch this past April. While MGC was not available...

Indian Government Official Resigns After Drafting ‘Flawed’ Crypto Bill


The Indian government official who headed the committee which drafted the bill to ban cryptocurrencies has resigned after releasing the report and draft bill which the crypto community calls “flawed.” Meanwhile, the government has confirmed that cryptocurrency is currently...

After Busy Week, Justin Sun Visits Party, Says He's Feeling Better


Justin Sun at the party on Thursday. Source: Twitter, @Bitboy_Hodl After postponing lunch with one of the richest men in the world, Warren Buffett, due to "kidney stones" and apologizing for "over-marketing", Tron founder Justin Sun has been seen shortly hanging out with influencers and YouTubers...

Bitcoin and Altcoins Trading Near Make-or-Break Levels


Yesterday, we saw a decent rise in bitcoin price above the USD 10,000 level, but also discussed hurdles near the USD 10,200 level. BTC/USD failed to continue above USD 10,200 and it started a downside correction. The price declined below USD 10,000 and tested the USD 9,650 support. Similarly, there...

Huawei Founder Says China Can Issue Own 'Libra'


Ren Zhengfei. Source: a video screenshot, Youtube, Financial Times Ren Zhengfei, the founder and CEO and of Chinese giant Huawei that was recently blacklisted* by the U.S., said that China can issue a similar digital token to Facebook's Libra. Responding to Italian media questions whether Libra...

Russian Manufacturers Want to Sell Arms ‘using BTC or Stablecoins’


Soyuzmash, a body of Russian military and civilian vehicle makers wants the country’s Central Bank to grant it permission to accept cryptocurrency payments in international arms deals – as an attempt to circumvent sanctions. Soyuzmash’s proposal has the backing of the parliament’s defense...

How Government Agencies Make Criminals of Crypto Traders


A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face...

Florida-based Firm ‘Letting Venezuela Dodge US Sanctions with Bitcoin’


Venezuela is reportedly using cryptocurrencies like bitcoin to sidestep American sanctions using a Florida-based company – while the country’s financial regulator has green-lighted wide-reaching crypto pay measures for its own Petro token. Per a report published earlier this week by Spain’s...

Venezuelan Government Accused of Using Bitcoin to Bypass US Sanctions


Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U.S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay....

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