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 turned out to be highly negative. “I am not a …

Disclaimer: This story is breaking and will be subject to updates. United States President Donald Trump voiced his opposition to cryptocurrencies as a whole, citing Bitcoin and Libra specifically, in a series of tweets published 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’ will have little standing or dependability. …

United States President Donald Trump has proposed the U.S. should ‘MATCH’ Chinese and Euoropean currency manipulation, sparking a dip in the greenback’s value. The president shared his thoughts in a tweet published on July 3: “China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games - as they have for many years!” The renewed attack comes despite the fact that the Trump administration formally stopped short of accusing …

On Jan. 25, United States (U.S.) President Donald Trump ended the partial government shutdown, albeit temporarily. As a result of the funding package he signed on Friday, the government will be open for three weeks. While the future still seems unclear for U.S. government facilities, which are now returning to work after the 35-day standoff between Trump and the Senate, it is time to reassess how regulatory agencies like the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) were affected, and what that means for the crypto market. Trump failed to get money for his border wall, …

United States President Donald Trump has appointed vocal Bitcoin supporter Mick Mulvaney as the new White House chief of staff. The 51-year-old politician, who is currently serving Trump’s administration as the director of the Office of Management and Budget (OMB), will become the acting chief of staff closer to the end of the year. The length of his tenure remains unknown at the time. Here’s what you should know about the new White House representative, and what it might mean for the crypto community. From ‘horrible human being’ to golf partner: Mulvaney’s relationship with Trump In 2010, Mulvaney was elected …

Disclaimer: Cointelegraph considers speculation on the deaths of individuals as immoral and does not endorse it in any way So-called “assassination markets” have now popped up on blockchain event betting platform Augur, Mashable media outlet reported July 24. Users are now betting on when certain public figures will die. Created by the non-profit Forecast Foundation, Augur launched its Ethereum (ETH) mainnet-powered predictions platform on July 9, according to Fortune. On the platform, users can make a prediction about the outcome of any event. If a user believes the outcome will happen, they buy shares with ETH. If a user believes …

Digital currency fraud will form one of the areas of “particular attention” for a new U.S. anti-crime task force with participation from several government bodies, according to an executive order issued July 11. The Task Force on Market Integrity and Consumer Fraud, which will have the U.S. deputy attorney general as its chair and associate attorney general as vice chair, seeks to “provide guidance for the investigation and prosecution of cases involving fraud on the government, the financial markets, and consumers.” The executive order outlining the taskforce highlights areas of particular attention as “digital currency fraud,” as well as fraud …

Given the apparent sensitivity of cryptocurrency markets to regulatory and political developments, it stands to reason that the world's leaders — and what they think about crypto — will be vitally important in determining the direction the cryptocurrency market will travel in the future. Many leaders have been willing to sit back over the past few months and let crypto develop — more or less — organically, yet it's becoming apparent that the time for official action is drawing increasingly near, at which point Bitcoin, et al. will either bear the brunt of government 'crackdowns' or will benefit from favorable …

The city of Berkeley, California has moved forward with an initiative to apply blockchain technology to public financing to raise funds for community projects, Bloomberg reports May 2. Last night the Berkeley city council unanimously voted to ask the city manager to consider a pilot program that proposes selling municipal bonds using blockchain technology. The project, initiated by Vice Mayor Ben Barlett, aims to introduce another funding method to the city financial infrastructure that would ostensibly increase community investment by reducing the minimum bond price. Barlett said that the pilot venture intends to launch “micro-bonds” which would allow the issuance …

Cryptocurrencies, especially Bitcoin, have flown a little too close to the sun recently, and it has seen them get burned by a few key monetary institutions, as well as governments. This attack on Bitcoin, as well as fear and speculation around other markets, could spell a good time for investment in gold. Seen as an insurance policy, gold has been a steady and safe investment for hundreds of years. As markets, beyond even the crypto market, get spooked, investors could see a safety net in the precious metal. Good time for gold While all the attention over the last few …