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Top 5 Presidential Candidates Thoughts About Bitcoin

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Presidential candidates

The cryptocurrency space is growing larger and has more impact on our everyday life with each new year. Despite the low prices and market crashes in 2018, the situation on the market seems to be taking a turn for the better, especially after a new surge that started on February 8th. However, as we progress through another year of cryptos’ fight for survival and adoption, the 2020 US Presidential Elections continue to approach.

With that in mind, it might be worth knowing what the current major Presidential candidates think about the crypto space, and Bitcoin (BTC), in particular. Of course, no one can know who will get elected and whether the next US President will be a crypto investor or someone who will have no problems with imposing even stricter regulations that might limit the market’s potentials.

Even so, we can at least see what they had to say about the crypto industry, and form some sort of expectations regarding the future based on that. It should be noted that the list does not include every candidate, only the major ones, and those who decided to take a notable stance towards Bitcoin.

1) Cory Booker

Let’s start with the Democratic candidates, the first of which on our list is Senator Cory Booker. Unfortunately, Sen. Booker did not reveal what his thoughts are on Bitcoin and the crypto industry, even though he sits on the Senate Commerce Subcommittee on Communications Technology, Innovation, and the Internet. While there is still a long way to go before the elections, and he might reveal his stance at some point during that time, right now he remains distant from the issue.

2) Tulsi Gabbard

Next, we have Representative Tulsi Gabbard, who has yet to reveal her formal thoughts on the crypto space. However, it is known that she invested in at least two coin — Ethereum (ETH) and Litecoin (LTC) — during the crypto hype. It has been a while since then, and the crypto space suffered a lot of damage, which may have changed her opinion about cryptos. It is also unknown whether or not she still holds the coins she invested in before, but at some point at least, the representative from Hawaii was definitely interested in digital coins.

3) Elizabeth Warren

Now, when it comes to Senator Elizabeth Warren, we do have an opinion on crypto, although it is not a bullish one. Senator Warren has criticized the crypto space in the past, and she stated that the regulators should do more in terms of overseeing the crypto space. The Senator remains concerned that the unpredictable and volatile assets might end up damaging retailers, and that consumers will get hurt as well. She is also known for being particularly skeptical when it comes to ICOs (Initial Coin Offerings), believing them to be a scam right from the start.

4) Donald Trump

Stepping away from the Democratic candidates, let’s see what the situation is like among the Republicans. The current US President, Donald Trump, has never addressed the crypto issue by providing his own thoughts on the matter. However, several members of his administration (current and former alike) were bullish on the digital currency space. White House Chief of Staff, Mick Mulvaney, for example, compared Bitcoin to USD back in 2016, praising the coin and claiming that it cannot be manipulated by any government.

Another crypto bull from the Trump Administration is a former White House adviser, Steve Bannon. He even revealed that he actually owns a certain amount of BTC and that he wanted to launch utility tokens. The Trump transition team’s Peter Thiel, who is also a billionaire venture capitalist, stated multiple times that Bitcoin is digital gold, and he even invested in several blockchain projects.

Then, there are White House Press Secretary, Sarah Huckabee Sanders, and the US Treasury Secretary Steven Mnuchin, who had less praise for BTC and more concern, stating that the cryptocurrency is being monitored.

While there are no Republican candidates willing to stand against Donald Trump in the 2020 Presidential Election race, there are some third-party candidates whose views on crypto might be interesting, just like their campaigns.

5) John McAfee

John McAfee has had a colorful life, and his latest interests revolve heavily around Bitcoin and the crypto industry. It is well-known that no other candidate is more bullish on Bitcoin than McAfee, who even claims that Bitcoin will hit the price of $1,000,000 by 2020. McAfee has attempted to run for the US President before as well, and his new campaign has attracted additional attention as he plans to run it from international waters, due to the fact that he is on the run from the IRS.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Blockchain technology outshines Bitcoin and Gold during global pandemic

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As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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