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Did Donald Trump Make Bitcoin A 2020 Election Issue?

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Many best cryptocurrency news sites are featuring the statement of Donald Trump and how it was directed to Bitcoin. However, in other news, analysts are asking themselves “did Trump make Bitcoin a 2020 election issue?”

Trump branded Bitcoin and other cryptocurrencies as “unregulated assets” which are “based on thin air” as he said. However, the Bitcoin price rose slightly following his comments as Bitcoin traders and investors bet that the president’s acknowledgment of Bitcoin will bring greater awareness of crypto too.

So – did Trump actually help Bitcoin in this case?

Well, he has definitely catapulted the major cryptocurrency and other cryptocurrencies into a presidential issue. What’s more valuable is the fact that he gave valuable recognition to the burgeoning Bitcoin technology with some 2020 US presidential election plans already designed by Bitcoin and cryptocurrency fans.

“Possibly the largest bull signal for [bitcoin] ever,” said Jeremy Allaireo Twitter, the head of the Bitcoin/crypto exchange and payments group, Jeremy Allaire. “Crypto now a presidential/global policy issue. People everywhere will embrace a mix of sovereign and non-sovereign digital currency.”

The Bitcoin and cryptocurrency community is also asking themselves “did Trump increase the hope in Bitcoin” as they are ready to embrace a new bull run by the most dominant cryptocurrency. Many people took Trump’s tweets as an endorsement of Bitcoin and the underlying blockchain technology.

“Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago,” Coinbase chief executive Brian Armstrong tweeted in the latest altcoin news. “‘First they ignore you, then they laugh at you, then they fight you, then you win.’ We just made it to step three y’all.”

Again, did Donald Trump push the BTC price higher?

The market is not sure about that – but there are many market watchers who think that there will be a positive boost from Trump giving Bitcoin and crypto airtime.

“Even though Donald says he’s not a fan of bitcoin, the fact that he’s mentioning it at all is hugely bullish for the entire crypto market,” wrote Mati Greenspan, senior market analyst at eToro.

Now that Trump has made Bitcoin a valid issue, there is nothing stopping the major cryptocurrency from pushing forward and becoming a bigger part of many campaigns

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Bitcoin News

Many Buyers Lined Up For The Four-Figure BTC: But Where Is Bitcoin Heading?

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The market chop yesterday had many buyers lined up and ready to buy the most dominant cryptocurrency at the yesterday low of $9,750 and in similar ranges. However, the latest cryptocurrency news show that Bitcoin surged once again to $10,000 and no one knows what's next for the biggest crypto out there. From its low, Bitcoin managed to recover and retake the $10k level quickly. As such, it remained there for the best part of the day, posting intraday peaks of $10,250 a couple of hours ago during the early trading on Friday. Now it appears that BTC is settling at this level and that the choppy consolidation is still here. Unlike the many buyers lined up for BTC yesterday, there are still buyers but not in that amount. No one knows if Bitcoin will stay here for long - and the altcoin news show that altcoins are for now following this trend. According to analysts, there could be an ascending triangle forming in the hourly time frame, leading to new gains.
“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
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Altcoin News

Another Exchange Says Goodbye To The Cryptocurrency Operations

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Many best cryptocurrency news sites recently reported that the competitive arena has taken a toll on Asian cryptocurrency exchanges, with two of them deciding to leave the market this month. Now, it appears that we have another exchange saying goodbye to the cryptocurrency operations and closing down its venture. The smaller local player and Osaka-based operator of the Zaif exchange has stopped its cryptocurrency operations. As you probably know, Zaif was one of the first exchanges in Japan and was one of the first to gain an operating license from the regulatory Financial Services Agency (FSA). Zaif launched in March 2015, two and a half years before the FSA launched its licensing program. As the altcoin news last year showed, it was a crippling hack which brought financial chaos for the Zaif exchange. This is how the exchange got bailed out by Tech Bureau's rival FISCO. Since then, FISCO has had plans to take on Zaif's customers, transferring the accounts onto its own crypto exchange platform. Now, it seems like Zaif is another exchange shutting down after being unable to compensate all of the customers that had been affected by the hack. As the source Tech Bureau confirmed, Zaif will be closing down with any remaining crypto business being transferred to FISCO:
"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."  
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Altcoin News

Binance Thinks Funds Are ‘SAFU’ Following Amazon Web Services Withdrawal Error

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The head of the cryptocurrency exchange Binance, Changpeng Zhao, is in the latest cryptocurrency news following a recent statement by the exchange. It seems like right now, Binance thinks that the funds are 'not at risk' after a reported technical error started affecting its withdrawals. The CEO Changpeng Zhao (known as CZ) spoke about the entire situation and how it was resolved on August 23, while the funds security was not compromised. He wrote on Twitter stating that "Funds are #safu" employing a well-known catchphrase that he had previously created while confirming that there was no danger to the cryptocurrency holdings. https://twitter.com/cz_binance/status/1164772701589737472?s=20 Featured in the coming altcoin news, CZ explained that Binance thinks funds are safe right now. He centered on Amazon Web Services (AWS) too, stating that the problems with caching were what produced the error messages for a portion of the Binance traders. The withdrawals were also impacted as he noted. “AWS is having an issue, mostly with caching services, affecting some users globally. We are working with them and monitoring the situation closely,” CZ wrote, adding:
“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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Bitcoin News

Winklevoss Brothers On BTC: ‘Wall Street Has Been Asleep’

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The popular Winklevoss twins have voiced their opinion on Bitcoin (BTC) in a recent interview with CNN Business on August 22 which featured them in the latest cryptocurrency news on many websites. We have seen Winklevoss brothers on BTC, talking about how they regard Bitcoin and stating that it is retail investors who are still largely reaping the benefits of the cryptocurrency market. The interview with CNN Business also saw the Winklevoss brothers giving their perspective on Bitcoin as an investment tool, along with all the industry risks and the traditional financial sector's approach to the new asset class. Even though many regard Bitcoin as too risky as a bet for the average investor, one of the brothers named Tyler argued that on the contrary, the retail sector remains one step ahead of the financial institutions when it comes to cryptocurrency. The Winklevoss brothers on BTC narrative featured them stating the following:
“Unlike the internet, which you couldn’t buy a piece of, you can actually buy a piece of this new internet of money. It’s still a retail-driven market, from day one [...] and a lot of people have done really well. Wall Street has been asleep at the wheel.”
When it comes to the traditional investments, one of the twins named Cameron added that Bitcoin is most similar to gold - and is seen as a new store of value for the digital era. Even though it is volatile, he added that BTC is the future, underscoring:
“We had to invest because we were afraid of missing out, we couldn't miss out on this future.”
The twins were as ever keen to demonstrate their readiness to liaise with regulators, the altcoin news show. Known as the Gemini exchange founders, the Winklevoss brothers said that since it is not launched yet - no one is using Facebook's Libra yet - and that there is a lot of regulatory din surrounding it already. The bottom line, as many best cryptocurrency news sites reported, is that the Winklevoss brothers on BTC think that “more criminals have used the dollar than anything else.”
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