💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Hodler’s Digest, Top Stories, Price Movements, Quotes and FUD of the Week

Published 07/14/2019, 06:35 PM
Updated 07/14/2019, 07:01 PM
Hodler’s Digest, Top Stories, Price Movements, Quotes and FUD of the Week
JPM
-
GOOGL
-
META
-
GOOG
-
BTC/USD
-

Trump tweets opposition to crypto, specifically Libra and BitcoinShrinking violet Donald Trump doesn’t often share his views, so it was refreshing to see him share an opinion for once on Twitter. The United States president declared that he isn’t a fan of Bitcoin and other cryptocurrencies — telling his 61.9 million followers they fuel unlawful behavior. Trump also had Libra in his sights during the three-tweet tirade and warned Facebook’s upcoming digital currency will have “little standing or dependability.” He rounded off by reminding his followers that there’s only one real currency in America, the U.S. dollar (and this really came as a surprise, as I thought it was the Vietnamese dong.) Bitcoin prices actually reacted positively to Trump’s proclamations, as it’s unclear whether this amounts to a policy of any kind. His tweets came two days after Libra co-creator and Calibra head David Marcus assured Congress that Facebook (NASDAQ:FB) is willing to cooperate with its hearings — even though politicians’ pleas to halt the project seem to have fallen on deaf ears at Menlo Park.

U.S. SEC and FINRA issue statement on crypto custody issuesRumblings from other U.S. institutions did have the potential to spook crypto users this week. In a joint statement on Monday, the Securities and Exchange Commission and the snappily named Financial Industry Regulatory Authority said they are unconvinced that crypto custodians can comply with strict rules designed to ensure that assets can be returned to customers if a company collapses. Tuesday saw the Internal Revenue Service raise eyebrows when leaked documents suggested the taxman planned to force tech giants to check download histories and report on crypto activity by its users. And to round it all off, Bitcoin prices took a hit on Wednesday when Federal Reserve Chair Jerome Powell said he thinks Libra “cannot go forward” unless there is “broad satisfaction” that Facebook has addressed regulatory concerns.

New York attorney general fights dismissal motion in Bitfinex, Tether caseEuropean Central Bank won’t add Bitcoin to reserves — says it’s not a currencySurvey: Generation Z does not plan to buy cryptocurrency“Google (NASDAQ:GOOGL) Coin” within two years, as FANGs will go crypto, say Winklevoss twinsTron calls police to protect Beijing office against angry mobPolish crypto exchange BitMarket shuts down, citing liquidity lossJapanese crypto exchange Bitpoint suffers $32 million hackMcAfee on BTC, exile and the U.S.: “No way the current system can survive”Top six issues that experts and entities have with LibraLibra, TON and JPMorgan (NYSE:JPM) Coin compared: Are they heroes or villains?Continue Reading on Coin Telegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.