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Popular Bitcoin Bull John McAfee Will Run For President While Being In Exile

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Coming into our latest bitcoin news today is John McAfee’s announcement to be running for president after he posted a video tweet while running away from the law after he and his wife were indicted by the Tennessee grand jury on federal felony charges.

He said in the video:

‘’For two years I’ve been speaking at conferences around the world and writing, and making videos about the fact that cryptocurrency will at some point come head to head with governments, because when privacy coins are widely used, governments will no longer be able to collect income taxes. Meaning governments will have to shrink and find new means.’’

However, known for his exaggerating skills, there is a slight chance he is not telling the truth and he is doing this for publicity only since he has already said to be running for president and 2016 and that didn’t happen.

Being that crypto-anarchist, anti-government millionaire that he is, he made his fortune from his anti-virus software back in the 1990s and also invested in cryptocurrency. He filmed a video explaining about the tax evasion charges while being on a boat where he explained that he and his wife are charged for tax evasion.

According to McAfee, taxation is theft and he thinks that in the near future people will consider before paying them. He made clear:

‘’I will not allow that. I am running my campaign in exile on this boat for the duration. I will not allow them to imprison me and shut my voice down, which they will do immediately. Why? I am a flight risk. Obviously, I am in flight.’’

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One of the largest e-Commerce firms in Japan, the giant Rakuten, recently announced that a major update of its Rakuten Pay mobile app is coming and will be released on March 18th, as the digital currency news headlines outlined. According to the firm's 2018 earnings release which was published on February 12th, the app will have a new structure that will probably support Bitcoin and other cryptocurrency payments in addition to fiat. As the company noted in the presentation material, the new version of the app will feature “all payment solutions embedded into one platform.” Known as "Japan's Amazon" - Rakuten has recently restructured in terms of its corporate structure. The new company includes the firm's cryptocurrency exchange named "Everybody's Bitcoin" (which Rakuten acquired in August 2018 for $2.4 million) as part of the newly established payments subsidiary, Rakuten Payment. Moreover, the firm's earnings release specifies that the app will support QR code payments and will use the corporation's prepaid card service, Rakuten Edy. Even though the app does not explicitly note anything about crypto support, the specification that "all payment solutions" will be supported on it implies support for crypto payments as part of its subsidiary, Rakuten Payment. In its earnings release, Rakuten reported a net income for 2019 of about 141.9 billion yen which is $1.3 billion - increasing by 28.4% when compared to 2017.
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Top Cryptos Are Reporting Minor Losses, Bitcoin Getting Close To $3,630

Following the latest price updates for our altcoin news, we can see that most of the top 20 cryptocurrencies are showing slight losses and bitcoin has fallen under the $3,650 but is still trying to hover around $3,630. At the time of writing, Bitcoin is down by 0.18 percent for the day and is now trading at $3,624 after being briefly held at the $3.680 according to CoinMarketCap. Looking at the weekly chart, Bitcoin traded mostly sideways for the entire week but its price is still lower than when it was at the start of the week. Ethereum, on the other hand, has regained its position and is now the largest one by market cap which is $13.2 billion. Ripple is still the second-largest altcoin with a market cap of about $12.3 billion. ETH is one of the largest gainers of the day increasing up to 2 percent over the past day and is now trading at $126. On the weekly chart, Ethereum saw a steady climb after it increased by 7 percent from $117 which is the price where the coin was when the week started. Ripple was one of the coins that lost almost a percent in the past 24 hours and is currently trading at $0.30 and it seems that it is also trading sideways. Its price is lower by 1 percent from where it was when the week started. Among the other top 20 cryptocurrencies, IOTA is up by 0.65 percent, Maker (MKR) is up by almost 2 percent and NEO is up by 2.9 percent.
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