The US President Donald Trump reaches our crypto news today again for hiring the popular Bitcoin supporter Mick Mulvaney as his new White House Chief of Staff.
This decision has a huge impact especially to have a major Bitcoin advocate in the White House and it is extremely beneficial for the entire crypto industry. Trump’s decision is a massive boost for the crypto-fanatics as well.
Mulvaney is a crypto supporter and a big fan of Bitcoin and he was one of the people who worked for the creating the blockchain Caucus-a group of lawmakers that create new laws regarding emerging technologies such as cryptocurrency.
‘’I am pleased to announce that Mick Mulvaney, Director of the Office of Management & Budget, will be named Acting White House Chief of Staff, replacing General John Kelly, who has served our Country with distinction. Mick has done an outstanding job while in the Administration’’.
Mulvaney has already stated that the blockchain technology has the potential to revolutionize the entire financial services industry and the US economy in general. He also noted that he is very proud to be involved with this initiative.
Mick Mulvaney has a lot of knowledge of how the blockchain works and has already helped to draft two new legislative acts that support the development of the blockchain industry. At that time, Mulvaney stated:
“Blockchain technology has the potential to revolutionize the financial services industry, the U.S. economy and the delivery of government services, and I am proud to be involved with this initiative.”
This is a great move by Donald Trump for all of the crypto-fans and crypto enthusiasts.
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"We believe this thesis still remains intact which could mean seeing a break of the lows in the coming weeks. A 25% selloff in BTC from the current lows of $3,200 would be to roughly $2,400."He also shared that the next sell-off could be just what the crypto market needs in order to finally break the backs of the bears and reach a new bull momentum in 2019.
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“Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”Coinstar, on the other hand, offers coin-to-cash conversion in their kiosks in multiple countries around the world but it still remains unknown whether the Bitcoin feature will expand just as quickly as it did in the US. Coinstar’s CEO Jim Gaherty noted: Coinstar offers coin-to-cash conversion kiosks in various countries throughout the world. It remains unknown whether the Bitcoin feature will expand beyond the U.S., while the company did not provide figures on how many machines will offer it.
“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks.’’According to CoinATMRadar industry monitoring resource, there are more than 4187 Bitcoin ATMs worldwide and more than 60 percent or 2516 are in the United States. The market has grown plenty over the years and many operators are trying to get control of what they think to become a fairly popular trend for crypto usage.
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