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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....

The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn


“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those...

Ripple’s Q2 Report: XRP Up, Volume Down, Benchmark Changed


Ripple, a California-based blockchain startup focusing on the banking sector, released their Q2 XRP Markets Report for this year, which shows that XRP price is up, but trading volume is down. These are the major points delivered by Ripple’s second-quarter report: Sales of Ripple’s native token...

Consensys Inner Conflicts Spark Legal Action Against Founder


Ethereum cofounder Joseph Lubin was recently summoned to court in New York when a former employee initiated a lawsuit for more than $13 million. According to the summons stemming from former Token Foundry CEO, Harrison Hines, relief was being sought for alleged unpaid profits, fraud, unjust...

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