Bitcoin Supporter Gets Appointed as Whitehouse Chief of Staff

It has been reported that the president of United States of America have recently appointed a prominent Bitcoin supporter as its acting chief of staff.

Mick Mulvaney is a known crypto supporter and fan who is part of the people that created the Blockchain Caucus which is a group of legislators that writes and creates laws for emerging technology.

This was revealed by no other than President Trump himself who announced Mick Mulvaney’s appointment on his official twitter account.

Mulvaney is the current Director of the Office of Management & Budget and was appointed as acting White House Chief of Staff, replacing General John Kelly.

While many Americans may disagree on some of the U.S. President’s policies this news may come as a positive development for the wider cryptocurrency community.

This also shows you the inclination of the American president towards technological innovations especially in the financial sector.

Winklevoss Twins Are Unperturbed Of Current Market Conditions

For Cameron and Tyler Winklevoss the current market slump is just part of the very volatile market condition of the crypto space.

In an interview with Bloomberg the twins reveals that they are very much at home with current situation and adds that it gives the company time to build internally and refine whatever initiatives they already offer to their customers and what they plan to release in the future.

The brothers also reveal that their main focus in 2019 will be the on-boarding of a more diverse customer base.

It has been widely known that the brother’s company has primarily targeted institutional investor but since then has change their tune to a wider investor category.

In addition to targeting a wider range of customers in 2019 the brothers has reveals that they are targeting to expand into Asia where it will directly compete with the likes of Huobi and BitMex.

As an affirmation of their push towards greater retail investor on-boarding the firm recently released a new mobile application in Google Play store and Apple App Store that will enable its users to buy and sell digital assets of their platform.

The said application is also capable of displaying current market prices, portfolio management and send and receive cryptocurrency funds.

Fiat Airdrop in Hong Kong Worth Millions Of Dollars

It has been reported that a young early bitcoin investor millionaire in Hong Kong has recently made a massive Airdrop.

While airdrops are fairly common in the crypto space, it is highly unusual to be carried out in the real world.

This is exactly what Wong Ching Kit did as he showered down millions of dollars of Hong Kong Fiat to unsuspecting bystanders from one of the tall buildings in the Chinese territory.

According to several social media he has distributed about 100 million Hong Kong Dollar this week or about $13 million dollars which was given away to random people.

During the said event he states that he feel like a god for being able to teach the world about bitcoin.

Unfortunately this did not sit well with authorities as he was later arrested for causing disorder in a public place.

We can only imagine what reason could have driven him to act that way but one thing is for sure the airdrop of this magnitude is a commendable and remarkable initiative that will be remembered for a long time.

Ethereum Surpasses Bitcoin Cash Price For The First Time

The last few weeks have not been favorable for Bitcoin Cash.

The 4th largest crypto just came off a bitter and very expensive hash war battle among bitcoin cash proponents which saw the creation of two distinct blockchains: BCH ABC and BCH SV the former being supported by Roger Ver and Bitmain and the latter by Dr. Craig Wright and Billionaire Calvin Ayre.

The war has since been won by BCH ABC being acknowledged by many as the successor of the name Bitcoin Cash while the latter will move to its own chain called Bitcoin Satoshi Version (SV).

However the effects of the hash war is far from over aggravated the persisting market sentiments, the new bearer of Bitcoin Cash name has become one of the biggest losers in the crypto market over the past month.

It has lost much of its valuation since the hard fork that it is now trading lower than Ethereum.

To make matters worse one of the proponents of BCH that has sided with Bitcoin SV is suing Roger Ver and his company Bitcoin.com for its alleged aggressive and strategic deployment of hashing power during the fork on its bid to takeover BCH.

In an article that seemed to be written to discredit BCH a pseudonymous developers has revealed that BCH has created mechanisms for centralization through the deployment of checkpoints in the wake of the hard fork.

Bitcoin Proof Of Keys

Trace Mayer, renowned early bitcoin investors wants to start a new cultural tradition which revolves around the declaration or re-declaration of cryptocurrency holder sovereignty over their crypto holdings every January 3 as a celebration of the Genesis Block.

This tradition calls for crypto holders to withdraw their cryptocurrencies from wallets where they do not own their private keys and transfer them to wallets where they hold their own private keys.

Not your keys; not your bitcoin is the mantra he wants to inculcate to the masses.

It has been no secret that in order for a crypto holders to truly have ownership of their digital assets they should hold their cryptos to a wallet where they know their private keys.

However much of crypto holders holds their crypto assets in exchanges or third party custodians due to, perhaps, laziness or the convenience of easy access when trading.

However this goes against the basic tenets of bitcoin which it is currency that the owner can only control.

In response to this call many leading figures in the Bitcoin community have added the characters of “Jan/3” and a key emoji that symbolizes their support to the said new tradition.

January 3, 2019 is shaping up to be a very busy day for the bitcoin community with the 10th anniversary set to grab most of the headlines in the crypto space.

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