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2020 US Presidential Candidate Andrew Yang Accepts Crypto Donations- No Refunds?

  • Alex Morris
    📰 News

    Andrew Yang joins the list of politicians who accept cryptocurrencies in their campaigns


2020 US Presidential Candidate Andrew Yang Accepts Crypto Donations- No Refunds?
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Andrew Yang, an American entrepreneur and political candidate, announced on Twitter that his campaign now accepts crypto donations. Apart from Bitcoin, Yang’s supporters can send him Ethereum and plenty of other cryptocurrencies.  

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No refunds?

Yang’s chances to even breach even one percent during the Democratic primaries (let alone win the nominations and potentially defeat the incumbent POTUS Donald Trump) are extremely slim. While it’s a common practice for presidential candidates to ask for donations, some users were rather skeptical about his intentions.   

Still, there were some people who got excited after his proposal.

Politicians show support for crypto

This is not the first time when US political candidates embrace cryptocurrencies during this election cycle. In February 2018, Brian Forde, a former tech advisor in Obama’s administration, announced about his intentions to run for Congress during the midterms and replace the incumbent Orange County's Rep. Mimi Walters. As CryptoComes previously reported, Forde received a substantial portion of donations from Coinbase. A Republican hopeful Kelli Ward, one of the frontrunners in the Arizona Senate race, is also among candidates who accept campaign contributions in Bitcoins.  

At the same time, Mark Reed is challenging a vocal anti-crypto politician Brad Sherman who is up for reelection this November. However, crypto enthusiasts shouldn’t get too excited about the congressional race, since Sherman is a heavy favorite to win.

Crossing party lines

Remarkably enough, cryptocurrencies do not seem to be a partisan issue in the US politics– there are supporters and critics on the different sides of the political spectrum. For example, Forde and Sherman are both members of the Democratic Party, but they have diametrically opposed positions on crypto. At the same, Republican Andrew Hemingway was the first who brought crypto contributions to American politics by starting to accept donations in Bitcoins as a gubernatorial candidate in 2014. During a recent Congressional hearing, Republican congressmen showed a rather positive stance on crypto.  

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Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak

  • Alex Morris
    📰 News

    Binance Coin is so far the second cryptocurrency (after EOS) that managed to rebound after January 2018's drawdown


Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak
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After surging by more than 14 percent over the last 24 hours, Binance Coin has managed to surpass its previous ATH that was recorded during the peak of the bull market in January 2018, according to the data provided by CoinMarketCap (CMC). The historic rally was triggered by numerous recent developments inside the exchange’s ecosystem.  

Binance Coin, CoinMarketCap
Binance Coin continues to register double-digit gains, image by CoinMarketCap

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BNB makes history

At the time of writing this article, the price of the BNB token is at $24.65, rising above its previous ATH of $24.46 that was recorded on Jan. 12. Hence, Binance Coin, the seventh largest cryptocurrency by market capitalization, becomes only the second asset to reach a new price peak after the crash of the speculation-driven bull market. EOS, which is sitting one spot above BNB on CMC, achieved a similar feat in May 2018.

‘Binance Coin is outpacing the overall crypto market. While Bitcoin is off 75% from its all-time-high, Binance Coin has recovered. There is fundamental growth and synergy taking place that is contributing to the rising price of Binance Coin,’ says BitBull Capital CEO Joe DiPasquale.

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Pumping other coins

On Apr. 18, Binance launched the mainnet of its custom Blockchain Binance Chain. The migration of BNB tokens from Ethereum to Binance Chain is scheduled to take place on Apr. 23. This is going to be the second largest token swap in history.

Binance, which is now completed with Ethereum, has already on-boarded some Blockchain projects, including Mithril (MITH) that experienced a 70 percent price pump after its launch on Binance Chain.

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