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McAfee Bid for 2020 Presidential Election Will Only Be a Pro Crypto Campaign

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John McAfee revealed that his campaign would in reality only be a platform for him to reach more cryptocurrency policy making influencers and adapters,

Presidential elections 2020 in the US is all set for a platform based turn. In order to become the President of the United States, John McAfee revealed that his campaign would in reality only be a platform for him to reach more cryptocurrency policy making influencers, adapters and more.

McAfee believes US presidential campaign would do more for cryptocurrencies then his winning the seat. His platform is focused on the Liberty-freedom platform, and he admits that “That’s [crypto] all I’m going to talk about. See, I don’t want to be president. I couldn’t be…no one’s going to elect me president, please God. However, I’ve got the right to run.”

John McAfee, the founder of the pioneering anti-virus software by the same name, is the prime promoter of cryptocurrencies.

 

Mcafee @ Malta blockchain Summit

The ongoing Summit of the Cryptography platform is the ideal industry event for big names such as McAfee to offer a larger framework for policy-making and adoption of cryptocurrencies.

Speaking at the summit on Wednesday, McAfee presented that cryptocurrency usage would be the basis for ‘personal freedom’ and also help him in building his presidential campaign.

He believes that cryptocurrencies are the future of political freedom in the country. He elaborated that at the core of his latest venture for political greatness is the idea of creating a pro-Crypto Framework which will help in establishing and promoting decentralized cryptocurrency ecosystem.

 

Reiterates Bitcoin growth

For several years now and especially in 2017, McAfee has reiterated that the most popular cryptocurrency in the world Bitcoin or BTC would reach a valuation of nearly 1 million by the end of the US Presidential elections in 2020.

He argues strongly that the US dollar would not remain the same in terms of 1 million because the fiat currency would already be deposed in the Crypto markets.  In the next in   5 years fiat currencies would be at the end of their market presence, is his insight.

The maker of the anti-virus software program believes that the Liberty platform around which his campaign is focused will help him in bringing to the world order the advantages and benefits of cryptocurrency the open stands that this type of a decentralized ledger ecosystem what of the people of the country and later the world.

Is major concern is the lapses in cybersecurity. We enthusiastic technologist had short and nomination of the libertarian party in 2016 for the presidential campaign.

The cryptocurrency celebrity campaigner had admitted in June 2018 that under the surveillance of the United States Securities and Exchange Commission (SEC) he was testing promotions of initial coin offerings (ICOs) in the future.  The industry leader had in the past admitted that he had charged clients heavily to the tune of $100,000 to tweet a new project or ICO.

His pioneering ways have won him bitcoin, and other cryptocurrency followers by the millions and his voice about new projects are usually respected by the community members. However, his admissions to being paid for such promotions have allowed him some redemption in the investors’ eyes. But the SEC is a different matter altogether, and compliance with its regulations is primary for McAfee to continue as a key cryptocurrency trader, promoter and influencer.

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Bitcoin is Halal? Will crypto rise with mass Muslim adoption?

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Many Islamic Scholars are discussing the real nature of cryptocurrencies with some of them calling it a 'HARAM' while others calling it a 'HALAL'.

Erol Yarar, the chairman of the international business forum has suggested all Islamic nations to adopt the cryptocurrency system for transactions with each other rather than adopting the US Dollar as according to him the US Dollar is used as a weapon by the United States to wreak economic havoc.

 

Calling US Dollar a ‘Punishing Tool’

Yarar expressed his concerns by stating that the US dollar is used by the United States Government to punish a specific country that the United States is not willing to be in peace with. He also stated that the United States Government uses the US Dollar to lower down the money transactions, for imposing sanctions and for making nations bowing down in front of the United States.

 

Yarar said that the US Dollar is not just a common currency but also a sanctioning tool. Also saying that at the International Business Forum this year, they will discuss the term monetary pluralism for implementing a democratic trading environment and the top features to be discussed at the next International Business Forum meeting would be the usage of Blockchain Technology and Cryptocurrency for the financial sector in the Muslim countries especially the middle east.

 

Yarar said:

“We will make a cryptocurrency system, that will be used for international trade among Islamic countries, a current issue.”

 

Bitcoin Halal?

Many Islamic Scholars are discussing the real nature of cryptocurrencies with some of them calling it a ‘HARAM SYSTEM’ or ‘ILLEGAL SYSTEM’ while others calling it a ‘HALAL SYSTEM’ or ‘LEGAL SYSTEM’ according to the Islamic principals with some Mosques such as the Shacklewell Lane Mosque in London have also started to accept cryptocurrencies as donations.

 

What do you think about bitcoin and other cryptocurrencies being termed as Halal? Tell us in the comments section below.

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Bitcoin ETF: Worlds first Cryptocurrency ETF approved

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ETF: The world's first Cryptocurrency ETF has been approved by the Switzerland authorities which will start trading on SIX, 4th largest exchange in whole Europe.

The world’s first Cryptocurrency ETF has been approved by the Switzerland authorities which will start trading on SIX, the 4th largest exchange in whole Europe which has a market capitalization of over $1.6 trillion.

 

ETF offered by Amun AG

Amun AG, a cryptocurrency startup is offering the fund that will allow the institutional investors to invest in the major cryptocurrencies such as bitcoin, ethereum, ripple, litecoin, and bitcoin cash.

Hany Rashwan, the CEO and Co-founder of the company said that the following ETP will provide an opportunity to the institutional investors that are restricted to investing in just securities and also give the same opportunity to retail investors that are unable to access cryptocurrency exchanges to due regulatory pressure. The CEO also said that before choosing Switzerland, the company had explored 23 other destinations around the world but found Swiss the most suitable.

 

The ETF will allow investors in buying the market and investing in crypto market as a whole. When investors will be investing in a fund, an amount equal to their purchase value will be held on their behalf by the custodian.

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Bitcoin Cash BCH Hash Wars: Who is winning?

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The Bitcoin Cash hash war is still on with close to 300 blocks mined on the BCHABC side using the new ruleset, which has also given the BCH network the most accumulated proof of work. Cryptocompare has given the BCH ticker to BCHABC chain followed by Bittrex also appointing the ABC chain with the BCH ticker. The ABC chain has gained more support and also mined more blocks since the split of the BCH chain into BCHABC and BCHSV. The SV chain has performed less work till now.

 

Faketoshi “Satoshi’s Shotgun”

Craig Wright had earlier threatened that he will destroy the BCH ABC chain by mining empty blocks using his huge hash power, which is being called “Satoshi’s Shotgun”. BCH ABC has apparently survived the Shotgun. Peter Rizun from Bitcoin Unlimited said:

“The difference in network effect stark: BSV has few users, no OSX or Windows clients, no block explorer, perhaps one mobile wallet, and a shotgun that doesn’t shoot so straight,”

According to cash.coin.dance, BCH ABC is currently 51.9% ahead on proof of work and is 15 blocks ahead, meaning miners will to secure the BCH ABC side and that exchanges ca resume deposits and get everything back to normal. Many supports believe that the ABC side has already won the battle.
Bittrex has listed the ABC chain as BCH and the SV chain as BSV.

While many BCH supports are claiming that the war is over and the ABC side is close to winning it, SV supporters still believe that the hash war will continue for weeks and Craig Wright continues to claim that he will destroy the ABC chain by mining empty blocks.

What do you think about the hash war? Comment below

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