Cryptocurrency 

Trump Pump? Bitcoin Price Buoyant After US President Says He’s ‘Not a Fan’

Bitcoin (BTC) was starting to reverse upwards July 12 as a critical tweet from United States president, Donald Trump, became a hot talking point across cryptocurrency. Market visualization courtesy of Coin360 Data from Coin360 showed BTC/USD 0.9% up over the past 24 hours after a significant downturn earlier on Thursday.  At press time, the pair traded around $11,600, having bounced off support at just above $11,000.  Bitcoin 7-day price chart. Source: Coin360 Volatility has lessened over the past nine hours, despite the first-ever public comments from Trump on crypto, which…

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Cryptocurrency 

President Donald Trump Tweets Opposition to Cryptocurrencies

Disclaimer: this story is breaking and will be subject to updates. President Donald Trump voiced his opposition to cryptocurrencies as a whole, Bitcoin and Libra specifically in a series of tweets around 8:15 p.m. EST on July 11. The full text of the three tweets reads:  “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…. “…Similarly, Facebook Libra’s ‘virtual currency’…

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Cryptocurrency 

President Maduro Orders The Bank of Venezuela to Accept Petro Crypto

Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency, the Petro (PTR) at all of its branches, the country’s Finance Ministry tweeted on July 4. According to the tweet, Maduro gave “the express order to open Petro desks in all the branches of the Bank of Venezuela.” The announcement apparently came during an event celebrating the tenth anniversary of the nationalization of the bank in question. On June 19, Maduro announced that 924 million bolivars (over $92.5 million) were allocated to the…

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