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



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.


Donald Trump policies push Mexico to Bitcoin



Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse.

Mexico has seen a new all-time high trading volume on localbitcoins. This comes out on the back of the announcement from the Trump Whitehouse that remittance payments of Mexican migrants in the United States of America will potentially be the target of new restrictions essentially ending the possibility of Mexican migrant workers to be able to cheaply send money back home to their families.


Mexico adopting Bitcoin:

Mexico has been experiencing a massive increase in the number of transactions on localbitcoins. Mexican migrant workers are believed to be exploited by the remittance companies which are charging around 10% fees. What is essentially being discussed here by the Trump Whitehouse is a new tax on these migrant workers. The number that they are currently floating around is a 3% tax on the remittances going from the USA to Mexico. This may not seem super crazy but considering the $33.4 billion which were sent to Mexico in 2018 alone, that extra 3% could mean $1 billion more per year for the United States government.


98% of the transactions that were sent during the last year, were sent via electronic means which means that there is actually a very strong remittance route that is ready for mass disruption going from the United States to Mexico and Bitcoin could be the perfect answer. However, the average size of a remittance payment from the United States to Mexico is $322 last year and the problem is that if the fees rise again exponentially on bitcoin, then bitcoin might not be the ideal cryptocurrency for these kinds of smaller remittance payments. Maybe we are going to see some other cryptocurrency being adopted in that situation. But regardless of which cryptocurrency is used, we can see that there is a clear need for disruption as government policies again seeks to impede or overly exploit the free float of money.

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Bitcoin Crashes Downwards: Is BTC Going to Fall Back to $4000?



Bitcoin fell down to test the $5000 support level. If the current support around $5000 is broken, BTC might really crash to $4500 and $4200 support levels.

Bitcoin fell down to test the $5000 support level which is the most crucial level for BTC currently. The downward correction started after bitcoin tested the $5500 resistance level yesterday at around 18:00 UTC.


The resistance around $5500 proved very strong and pushed the price downwards sharply. The sharp declining pattern attracted a lot of sellers which even pushed the price below $5200 support level and BTC tested the $5000 support reaching up to $5018.

BTCUSD Price Chart- Coinbase

BTCUSD Price Chart- Coinbase

Bitcoin is currently trading around $5070 (at the time of publication) showcasing a bearish pattern.


Bitcoin Price Drop:

The sudden price drop has led to people speculating that BTC might soon crash back to the $4000 range. Earlier, analysts were also predicting the sudden rise of bitcoin to be a conspiracy. Also, Bloomberg had also called the sudden rise a Blip. If BTC had successfully crossed over the $5500 range, the next major resistance was around $5800, however, BTC fell sharply losing more than $400 in value over the last 24 hours.


The bearish move does not clearly indicate a crash towards $4500 and $4000 range, however, if the current major support around $5000 is broken, BTC might really crash to $4500 and $4200 support levels. With the price of bitcoin falling, other major altcoins are also in the red zone today with Ethereum falling more than 8% in the last 24 hours, XRP falling more than 6% and Litecoin falling around 12% in the last 24 hours.

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China to completely ban crypto mining: Bitcoin about to Crash Hard?



As reported by Bloomberg, China is moving towards putting a complete ban on mining bitcoin and other crypto as it causes serious wasatage of resources.

As reported by Bloomberg, China is moving towards putting a complete ban on mining cryptocurrencies such as bitcoin. In accordance to a document posted by the National Department and Reform Commission of China, the mining of cryptocurrencies should be completely banned as it causes serious wasatage of resources.


China is known to be the largest hub of cryptocurrency mining with huge mining rigs been set up in the country. Earlier, China has also banned small investors to invest in security token offerings or STOs and only large investors with more than $1 million funds are allowed to invest in such projects. Now, the country is planning to take strict action against cryptocurrency miners in the country.


Cryptocurrency miners were earlier attracted to China due to their cheap electricity rates and subsidies in the country, however, due to the strict actions being taken by the government with the guidelines of the NDRC which has disincentivized cryptocurrency mining, a lot of miners have shut down their operations or moved to other nations.


Largest Mining Pools in China:

China has been a hub for some of the largest cryptocurrency mining polls. Even though the mining pools have been shifting to other countries, there has been some effect of the ban on the market for bitcoin and other cryptocurrencies as the mining is a major part of the overall working of cryptocurrencies.


How do you think the complete ban on cryptocurrency mining in China will effect the bitcoin price? Tell us in the comments section below.

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