Bitcoin-friendly U.S president candidate Andrew Yang got the support from the visionary Elon Musk as we can read today in the latest cryptocurrency news.
The CEO of Tesla INC. announced his support for the bitcoin-friendly Andrew Yang and his run for the presidency in 2020. Back a few days ago while hosting the podcast Hard Core History, the American political commentator and podcaster Dan Carlin commented on how qualified Yang is. Responding to the comments, Musk also expressed his support for Yang. The presidential candidate is a Democratic candidate and a huge proponent of a universal basic income. He started accepting donations for his campaign in Ethereum, Bitcoin and other crypto-assets that are in compliance with the ERC20 standard as well as Venmo payments.
In order to finance the campaign of Yang, the super PAC (political action committee) Humanity Forward Fund joined forces with Open node in order to raise unlimited funds from people and corporations through their secure payment platforms which facilitate payments in Bitcoin. What is also very interesting, Humanity Forward Fund and its Opennode platform are accepting campaign donations in Bitcoin for 21 days starting from July 25, 2019 and August 14, 2019. Yang has already qualified for debate No.3 which is scheduled for September 2019 and will have to debate Joe Biden, Bernie Sanders, Kamala Harris, Pete Buttigieg, Elizabeth Warren, Beto O’Rourke, Cory Booker and Amy Klobuchar.
Being pro-bitcoin is not the only good quality Yang has. His ideas are very innovative and his universal basic income proposal is one of his greatest advances. As noted in the coming altcoin news, Musk and the CEO of Amazon Jeff Bezos are planning to launch satellites in space in order to provide Internet access to millions of people around the world and use Bitcoin as the currency of the internet. Musk also thinks that bitcoin has an amazing structure and the endorsement of Yang’s candidature by such a visionary will help increase Bitcoin’s rate of adoption. Though Musk has been involved in multiple scandals over the years, his Twitter community is very supportive so his words still mean a lot especially when talking about crypto.
Bitcoin Breaks 5-Day Long Trend Reaching $9,800 Support Level
Many Buyers Lined Up For The Four-Figure BTC: But Where Is Bitcoin Heading?
“We have been forming an ascending bullish triangle, and also and inverse HS Pattern, which very soon will make $BTC go up. The purpose with this move is to kill some shorts, before we go down again. Remember that we are in a huge descending triangle," said the user D4rkEnergY on Twitter.https://twitter.com/D4rkEnergYYY/status/1164769200902033408 For now, the highs are creeping up and there are many buyers lined up - so a move to the next resistance level around $10,400 is crucial at this point. On the downside, there is clear support at around $9,800 and more in the mid-$9k region which has been hard to crack in the recent weeks. Analysts in the coming altcoin news warn users that nobody should panic now - even though the fear and greed index fell to 5 yesterday (which was lower than the 2018 bottom in mid-December when BTC was at $3,200). The famous crypto pundit and web security mogul John McAfee also had his say while many buyers lined up to buy BTC. McAfee remains resolute and agrees that the current level of fear is unnecessary. He wrote:
“Bitcoin jitters? Just stop it! Short term fluctuations are meaningless. Bitcoin is still up almost 300% from 6 month’s ago. Everytime there’s a dip I have to calm people in replies, DMs, etc. GET A GRIP! You know in your heart Bitcoin cannot lose. Relax!”https://twitter.com/officialmcafee/status/1164491430091513856
Another Exchange Says Goodbye To The Cryptocurrency Operations
"The Company has been considering for various possibility of the customers who has not accepted the contract succession, however, we announce here that the Company has came up to the conclusion to discontinue our cryptocurrency exchange business once we complete the refunds for all customers who possess remaining balance which refunds can be made," Tech Bureau said, without providing more information about the date when it will be closing.The latest cryptocurrency news show that the FSA recently confirmed that Zaif is another exchange which is forced to close because of hacks. Nikkei says that Tech Bureau will now focus on "blockchain development." Meanwhile, another exchange in South Korea - and a member of the "big four" there - named Coinone is shutting down its Malta-based Coinone Global Exchange (CGEX) on September 18. This comes in less than a year after it opened, and the operator said that it had "decided" that it “could no longer maintain service."
Binance Thinks Funds Are ‘SAFU’ Following Amazon Web Services Withdrawal Error
“It's causing some 500 error messages on APIs and affecting some withdrawal processing.”Binance thinks funds are safe - but it just recovered from a publicity scarce which involved a self-proclaimed hacker alleging that he had access to the users Know Your Customer (KYC) data. The alleged data leak made Binance very insecure and many best cryptocurrency news sites also talked about the previous hack which was funds worth $41 million leaving the platform due to a security issue. All of this sparked a weeklong maintenance shutdown and payouts to the affected users. However, Binance thinks that it is in a good place now - right after it announced that it is working on a new cryptocurrency project named Venus. As the altcoin news showed, Venus is going to rival Facebook and its controversial Libra coin. Meanwhile, the market has stabilized from the yesterday drop and is at a combined total value of $265 billion at press time. Bitcoin is trading at $10,160 and most of the altcoins are recording gains of 1% to 2%. Bitcoin's dominance is still strong, standing at 68.4%.
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