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Bitcoin News Digest Friday, July 12, 2019

Trump tweets he is ‘not a fan’ of bitcoin, inadvertently boosting cryptocurrency price

Donald Trump has revealed he is “not a fan” of bitcoin or Facebook’s Libra in his first public comments on cryptocurrency. In a series of tweets, the US president said bitcoin enabled illegal activity and was ”not money”. However, his comments were welcomed by senior figures within the cryptocurrency industry and even appeared to boost its market value.


Angry mob burns down home of suspected Bitcoin swindler

A man thought to have been behind an alleged Bitcoin ponzi scheme has had his house looted and burned down in South Africa. The scheme promised investors a 100 percent return on their investment after 15 days.


Pullback Over? Bitcoin Bounces $600 from $11K Price Support

Bitcoin has bounced up from historically strong price support, raising the prospects of a renewed push toward recent highs above $13,000.

The cryptoc


Trump blasts bitcoin, Facebook’s Libra: Morning Brief

Top news and what to watch in the markets on Friday, July 12, 2019.


BitMEX Owner Awards $60K Grant to Bitcoin Developer Michael Ford

Bitcoin Core contributor, Michael Ford, has been awarded a $60,000 grant by the parent firm of top crypto derivatives platform BitMEX


Bitcoin Mining Industry Is Booming as Difficulty Soars 14% to New High

Mining difficulty on the Bitcoin network has taken its steepest upturn in almost a year, surging by over 14% to hit 9.06 trillion


Bitcoin Continues to Correct as Crypto Markets Bleed Billions

Yesterday’s Bitcoin pullback has extended into Friday as further losses are mounting. The selloff has slowed however as BTC searches for its short term


Donald Trump Unleashes Sudden Attack On Bitcoin

Bitcoin, which has taken a beating over the last few days, has held steady despite U.S. president Donald Trump unleashing a tirade against bitcoin, Facebook’s planned Libra cryptocurrency project and what he called “unregulated crypto assets”…


Bitcoin Price (BTC) Testing Crucial Support: Can The Bulls Stage Recovery?

Bitcoin price reached the key $11,000 support area against the US Dollar. BTC is currently consolidating and seems to be preparing for the next move either above $11,400 or towards $10,800.


Trump Slams Bitcoin in Tweet Storm: What Does It Mean? Anything?

In a series of three Tweets, Trump went after Bitcoin. Does it matter?


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