Justin Amash Reveals Third-Party Presidential Bid: Pro-Bitcoin Libertarian Candidate Targets Trump’s Seat

U.S. President Donald Trump now has an unexpected challenger as the independent congressman from Michigan, Justin Amash, says he plans to run as a Libertarian candidate in the 2020 election. Besides John McAfee and Adam Kokesh, Amash is also a pro-crypto candidate, a believer in free markets, and has spoken positively about bitcoin seven years ago. Is Trump’s Future Threatened by a Libertarian Candidate? Justin Amash is pushing toward a third-party run for the President of the United States in 2020. Many believe Amash could add some heat to the…

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Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter

Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up from $1 billion from the previous quarter. BTC accounted for 44.8% of the loans and bitcoin cash (BCH) 5.8%. In a recent update, Genesis said new loan issuances soared 354% from a year ago. Active loans outstanding briefly touched $1 billion around the middle of February, before falling to $649 million…

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Famed Economist Speaks: ‘US Coronavirus Bailout Scam,’ American Imperialism, De-Dollarization

During the last few weeks, the world has been dealing with the coronavirus outbreak. These days, however, many of the world’s citizens are growing more concerned over the government’s reactions than the virus itself. Moreover, with the U.S. economy feeling the hardship of over 30 million unemployed Americans and the petro-dollar on life support, many economists think that de-dollarization is coming and this period marks the end of U.S. monetary hegemony. Following the Covid-19 pandemic and the government’s recent schemes, the well known economist Michael Hudson has been explaining how…

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Telegram to Pay Back Investors 110% After Gram Token Launch Fails – Again

Telegram has offered to refund investors after its scheduled release of the Gram token failed – again – due to regulatory complications. Investors will immediately receive 72% of their stakes, as first option, or 110% if they choose to wait another year. The second option may be paid in another cryptocurrency in the Telegram messaging application, with an additional 10% bonus. The social network raised $1.7 billion in an ICO in 2018, promising investors the token Gram in return. Telegram made legal undertakings that it would deliver the cryptocurrency to…

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Cryptocurrency Trading Surges in Malaysia as Lockdown Cripples Economy

Cryptocurrency trading in Malaysia has surged as the country endures an extended lockdown, costing its economy an estimated $550 million a day. Regulated cryptocurrency exchanges are reporting substantial growth in trading volumes and new users as people seek “a good store of value in difficult economic times.” Increased Crypto Trading Volumes and New Users Interest in cryptocurrency has grown significantly in Malaysia amid the extended lockdown restricting travel and nonessential businesses. The country estimates that 2.4 billion ringgit ($553 million) are lost each day that businesses remain shut due to…

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London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million

London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented mining as a service (MaaS) business to a proprietary mining model. Based in London, Argo Blockchain operates at least 17,000 BTC mining machines at three sites in Quebec, Canada, leveraging the region’s cheap hydroelectricity. It listed on the LSE in August 2018, and until recently, mainly operated mining rigs…

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Market Outlook: Crypto Market Prices Rally Ahead of Bitcoin Halving, BTC Up $1K in 24 Hours

Cryptocurrency markets are bullish on April 29, as BTC prices have spiked over 11.8% in the last 24 hours touching a high of $8,740 per coin during Wednesday’s trading sessions. Bitcoin has gained 130% in value since the market rout on March 12 otherwise known as ‘Black Thursday.’ Many believe the cause behind the higher price is due to the pending Bitcoin Halving expected to take place on or around May 12, 2020. Bitcoin Markets Jump Significantly in Value, $1K in a Day The overall market valuation today for all…

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Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm

The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from China’s Daqing Oil Field. The mining farm owner was arrested, as police found 54 ASIC miners stored in an underground bunker with dog kennels on top making it seem like a legitimate operation. Chinese Dog…

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66% of Europeans Feel Optimistic About Future of Bitcoin, Study Shows

Europeans are feeling more optimistic about the future of bitcoin. A recent study shows that more than two thirds of them believe cryptocurrency will remain in existence in 10 years time, with some convinced BTC will become a key part of the economy, both as a security and investment. Crypto exchange Bitflyer, which produced the study, said Wednesday Europeans are feeling more upbeat that digital financial assets will remain in use by 2030, perhaps awakened to the reality because of the stringent Covid-19 lockdowns, which forced services to go strictly…

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Drawbacks of Cryptocurrency Exchanges – How Non-Custodial Services Are the Solution

Cryptocurrency exchanges are online platforms where one can buy, sell, or trade cryptocurrencies. The aim of crypto exchanges is to connect buyers and sellers by creating a cycle of supply and demand in one place. Centralized vs Decentralized Exchanges However, almost every exchange is prone to hacking, has privacy issues, and users could end up losing their funds. Non-custodial exchange services look to overcome these shortcomings of cryptocurrency exchanges. Online cryptocurrency exchanges can be categorized into two types: centralized and decentralized. Centralized exchanges allow you to sign up with your…

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