This week in Bitcoin – July 15th, 2019

Hi, I’m Nate Martin from and here’s what happened
this week in Bitcoin in 99 seconds. The Fold mobile app, which allowed
discounted Starbucks purchases for Bitcoin is now back with Lightning Network support. Fold now allows for almost-feeless
purchases at Amazon, Starbucks, Uber, Home Depot, Target, and more. Bitcoin got its first mention
by a sitting US president. Trump tweeted that he is
“not a fan” of Bitcoin, claiming that it’s volatile,
un-backed, and can enable crime. He then bashed Facebook’s forthcoming “Libra” coin, saying the company will have to seek a banking charter and comply with
banking regulations to operate. Trump ended his Tweet-storm
by praising the US Dollar. American football team the Miami Dolphins
will accept cryptocurrency payments. The partnership with the Litecoin Foundation will kick off at the start of the 2019 NFL season and fans will be able to pay with litecoin and bitcoin when buying tickets for the team’s home games. During his testimony before the U.S. Senate,
FED Chairman Jerome Powell said that “almost no one is using Bitcoin for payments”
but it’s used as an “alternative to gold” and that “it’s a store of value”. US lawmakers expressed concern during the session that BTC might replace the US Dollar as the world reserve currency. And finally, Japan’s Bitpoint crypto exchange halted operations after reporting a hack. $32 million was stolen of which
about 2/3 belonged to clients. The exchange’s parent company lost nearly
20% from its share price following the news. That’s what happened this week in Bitcoin.
See you next week.

5 thoughts on “This week in Bitcoin – July 15th, 2019”

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