1. Donald Trump Not a Fan of Bitcoin And Crypto? Too Volatile, He Says
On Friday morning (Asia time), Trump released somewhat of a thread on the cryptocurrency space in an odd turn of events. Presumably responding to the Federal Reserve chair’s comments on Bitcoin, Libra, and related topics, the business mogul explained that “he isn’t a fan of Bitcoin and other Cryptocurrencies”.
[Source: NewsBTC] ✩✩✩✩
2. Fed Chair Suggests Bitcoin Is Gold’s Biggest Competition
In a remarkable admission during his testimony to Congress, Federal Reserve Chair Jerome Powell admitted that bitcoin is used as an alternative to gold, conceding that BTC is a store of value.
[Source: CCN] ✩✩✩✩
3. SEC greenlights a second crypto offering: YouNow’s Props tokens
The U.S. Securities and Exchange Commission has just handed out its second, somewhat less historic, seal of approval for a blockchain-based token offering from a crypto startup
[Source: DecryptMedia] ✩✩✩✩
4. Iran Plans to Allow Crypto Mining, Central Bank of Iran Governor Says
Iranian authorities are planning to authorize cryptocurrency mining, as the governor of the Central Bank of Iran (CBI) declared, news agency PressTV reported on July 10.
[Source: Cointelegraph] ✩✩✩✩
5. Crypto Peer-to-Peer Exchanges Grow in Popularity as Regulatory Scrutiny Rises
With Bitcoin’s price having more than tripled this year, regulators and politicians are tightening oversight of online exchanges. Users are increasingly being required to submit information such as IDs and addresses. The shift is giving a boost to a cottage industry of sites that typically don’t ask for any personal data: peer-to-peer exchanges.
[Source: Bloomberg] ✩✩✩
6. German central bank official says cryptocurrencies do not pose a threat to financial stability
The Central Bank of Germany’s Burkhard Balz, a representative commented that cryptocurrencies do not pose a threat to financial stability, he was speaking at the European Parliament, covered via a post published on the institution’s website.
[Source: FXStreet] ✩✩✩
7. Police in Spain Say Bitcoin ATMs Expose Problems in Europe’s AML Laws
Law enforcement officials in Spain are arguing that a recent effort to break up a criminal organization — which utilized bitcoin ATMs — has exposed a gap in European anti-money laundering statutes.
[Source: CoinDesk] ✩✩✩
8. 110 Crypto Exchanges Want to Launch in Japan — A Look at Recent Changes
Following G20 meetings, where Japan led several discussions regarding crypto assets, the country’s top financial regulator told news.Bitcoin.com that 110 crypto exchanges are now interested in launching in Japan. The country recently passed a new cryptocurrency bill, and some approved crypto trading platforms have undergone changes
[Source: Bitcoinnews] ✩✩✩
9. Ballers and Bitcoin: Miami Dolphins Set To Accept Cryptocurrencies For Payments
The Litecoin Foundation, in partnership with the Miami Dolphins, announced yesterday that it would begin accepting both Bitcoin and Litecoin for payments beginning in the 2019/2020 NFL season.
[Source: Forbes] ✩✩✩
10. Blockchain Financial Firm Diginex Goes Public in Reverse Merger With 8i
Hong Kong-based blockchain financial services firm Diginex Ltd. is scheduled to go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Subsequently, the firm will be listed on the Nasdaq, Bloomberg reported on July 10.
[Source: Cointelegraph] ✩✩✩
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