Former Trump chief of staff Mick Mulvaney says a Joe Biden presidency would cause an “avalanche” of regulations. Some economists have also voiced concerns that the Biden administration would lead to a stock market pullback. This has led many crypto analysts to ponder what impact a strong stock market correction would have on the price of Bitcoin (BTC). During an interview on CNBC’s Squawk Box, Mulvaney said Biden would push many regulations in a short period. He stated: "If Trump wins you'll see a lot more of the same. He's laid down the markers to what his attitudes are about …

Former White House chief of staff under U.S. President Donald Trump Mick Mulvaney is running a hedge fund. Since 2014 Mulvaney has been recognized as a pro-Bitcoin (BTC) official, encouraging practical regulation of cryptocurrencies. The new fund called Exegis Capital was announced during a podcast with S&P Global Market Intelligence. Mulvaney would collaborate with former Sterling Capital Management portfolio manager Andrew Wessel. Could Mulvaney’s pro-Bitcoin stance have any effect? At the 2014 “Bitcoin Demo Day” conference, Mulvaney said he would like to see the government take its time in regulating Bitcoin. He said the top cryptocurrency has the potential to …

In the cryptocurrency and blockchain sphere, it’s difficult to do away with politicians and vice versa. With the presidential election in the United States slated for later this year, interested parties are doing all they can to sell their dreams and vision for America. That said, vying for a political post doesn’t come cheap. In the run-up to the elections scheduled for Nov. 3, there has been an increase in the number of politicians accepting cryptocurrency donations to fund their campaigns, from senators to presidential candidates. This called for an outline of clear guidelines on Bitcoin contributions to candidates. Despite …

A new patent has been filed by the U.S. Postal Service, or USPS, which appears to use Blockchain technology to make mail-in voting a safe alternative to physical polling stations amid the COVID-19 pandemic. This news follows recent comments from President Donald Trump concerning the mail service's funding as part of his fight against mail-in voting. "This development relates to a voting system that also incorporates the use of cryptographic elements, such as blockchains, as are used with cryptographic currencies, to track and secure the vote by mail system," said a patent filing, dated Aug. 13, 2020. COVID-19 remains a …

A proposed tax cut by U.S. President Donald Trump could be a big win — or a relatively insignificant win — for the crypto industry if it is passed. In a news conference at the White House earlier this week, President Trump said that his administration was “very seriously” considering a capital gains tax cut. “We’re looking at also considering a capital gains tax cut, which would create a lot more jobs.” There is a debate over the extent of President Trump’s ability to deliver tax cuts. The long term capital gains rate of 20% is primarily governed by Congress, …

After an exciting weekly close that saw the price of Bitcoin (BTC) rally above the $12,000 mark for the second time this month, the digital asset has lost momentum and slipped below $11,500. The former resistance level at $11,800 has again failed to function as support, and at the time of writing, Bitcoin's price has dropped below $11,600 to test the ascending trendline support at $11,550. Cryptocurrency daily market performance snapshot. Source: Coin360 Bitcoin’s inability to sustain above the $12,000–$11,800 zone comes as the price of gold corrected 3.6% and dropped below its all-time high to $1,950. The price of …

Yesterday saw many major altcoins rally to their yearly highs, with Ether (ETH) surging past $400, which I expected was a likely scenario in my last article two weeks ago. In addition, XRP also had a bumper day exceeding $0.32 while momentarily outperforming Bitcoin as expected in my July 1 article. However, Bitcoin showed its dominance in the space by wiping out several billion of these gains in a little over an hour. So what does the week ahead look like, and just what sort of impact could Trump's TikTok ban have on the cryptocurrency space? Daily cryptocurrency market snapshot, …

With the 2020 U.S. presidential election looming, crypto exchange Poloniex has added a way to bet on the outcome. “TRUMPWIN and TRUMPLOSE are the first new assets to join our Innovation Zone today,” Poloniex said in a recent statement. Assets valued according to election results The Poloniex listing comes several months prior to the November 2020 U.S. presidential election. As ERC-20 tokens, the election assets value $1 or $0, depending on the event’s results. Holding 10 TRUMPWIN tokens value $10 USD if President Trump wins the November election. In contrast, holding 10 TRUMPLOSE tokens plunge to a value of $0 …

A former key executive at the United States Department of the Treasury has joined a major cryptocurrency investigation firm, Chainalysis. Sigal Mandelker, a former Treasury Under Secretary for terrorism and financial intelligence, has reportedly joined Chainalysis’ board of advisors. As officially announced on July 7, the new position on the startup’s board comes alongside Mandelker’s participation in a Chainalysis’ extended $49 million Series B funding round. Mandelker to share blockchain investigation experience with Chainalysis As reported by Forbes, the new position on the board marks Mandelker’s first public work since she left Trump’s White House for the private sector in …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Should Bitcoin traders stay bullish if BTC price corrects to $7,700? Bitcoin is at a pivotal point — and the next few weeks are likely to be critical in establishing a medium-term price trend. The resistance zones are still clear: $10,100 to $10,500. According to analyst Michaël van de Poppe, another test of this resistance …

On June 17, the United States Department of Justice issued new recommendations to roll back decades-old protections for online platforms publishing third-party content. Section 230 and internet censorship Section 230 of the Communications Decency Act became law in 1996, as the public was only just coming to welcome the internet into their day-to-day lives. The controversial law freed platforms from legal liability for content from third-parties. The DoJ’s recommendations include ending immunity for content involving child abuse, terrorism and cyberstalking. It also argues that Section 230: “Does not apply in a specific case where a platform had actual knowledge or …

United States President Donald Trump wanted to take his apparent dislike of Bitcoin off Twitter and on to the regulatory level, according to former national security advisor John Bolton. A June 18 article in Forbes about Bolton’s new book, The Room Where It Happened, reveals Bolton heard Trump tell Treasury Secretary Steven Mnuchin to “go after Bitcoin.” The conversation between Trump and Mnuchin was regarding trade sanctions and tariffs against China in May 2018. It’s not the first time Trump has expressed a dislike of the cryptocurrency. He went on a Twitter tirade in July 2019 in which he called …