Newly Appointed US Attorney General Could Possibly Support Bitcoin

Newly Appointed US Attorney General Could Possibly Support Bitcoin

According to an analyst from eToro, Matthew Whitaker, Trump’s recently selected acting AG, has twice tweeted positively about crypto

The Internet Archive can only track down his tweets up until 2016. The said tweets can no longer be accessed after Whitaker set his profile to private.

According to Bitcoin Exchange Guide, Whitaker is probably curious or is already a holder of Bitcoin.

What Did Whitaker Share on Twitter?

The US AG shared a link of a Reuters 2012 article on a story about BTC. In the article Simon Lelieveldt, a banking and payment expert, claimed BTC was in for a collapse due to its decentralized nature, without the backing of a central bank.

But it is because of decentralization that users find Bitcoin appealing.

The article also noted the opinion of a BTC supporter who said that BTC was run by pure mathematics, in contrast to the World Bank, which was at that time laden with scandal.

Another aspect the Reuters article sought was that of workers from major banks all over the world has exhibited interest in cryptocurrency. To give an example the article states that employees from 2 banking giants Morgan Stanley and Goldman Sachs are alleged to be visiting crypto exchange websites for 30 times a day.

Two New US Governors and Support Crypto

Gavin Newsom, who will assume office as the Governor of California on 7 January 2019, has a BitPay account where his supporters can support his campaign by donating BTC or BCH. Tyler and Cameron Winklevoss contributed more than $100,000 for his campaign.

I should promote the technology ever so subtly by saying I’ll accept Bitcoin in the campaign.

Gavin Newsom

Jared Polis is the co-founder of Congressional Blockchain Congress last year. He will assume office as the Governor of Colorado on 8 January 2019. Since 2014, he is a vocal and avid supporter of BTC. And a section on his campaign page is all about blockchain.

My goal is to establish Colorado as a national hub for blockchain innovation in business and government. I believe strong leadership will put Colorado at the forefront of innovation in this sector…

Jared Polis


8,744 USD


437.73 USD

Related news

Chinese Bitcoin Mining Manufacturer To Go Public Nov. 20

China-based bitcoin mining maker Canaan Inc. is going public on the Nasdaq stock market on Nov. 20, a digital assets publication The Block reported on Monday.  What Happened The company filed for an IPO with the U.S. Securities and Exchange Commission (SEC) on Oct. 28. In the filing, Canaan said that it had applied to be listed on Nasdaq with the symbol “CAN.” New York-based Citigroup Inc (NYSE: C), Zurich-based Credit Suisse Group AG (NYSE: CS), ...Full story available on

Is Chinese Bitcoin Mining Firm Canaan’s $400M IPO a Desperate Move?

Chinese bitcoin mining hardware maker, Canaan, plans to raise $400 million through public sale of its stocks. But will the IPO ride be smooth or bumpy?  Volatility is usual for bitcoin and crypto market participants. However, traditional stock market traders and investors are used to a bit more stability when it comes to their investments. The $400 Million Bitcoin Mining Firm IPO Canaan Creative is an Hangzhou-based firm, engaged in the business of manufacturing professional industry grade equipment required in large scale bitcoin and cryptocurrency mining activities. The Bitmain rival was originally supposed to conduct its first-ever public stock sale on the 28th of last month. But now fresh reports point out that Canaan Creative is set to go live with its big IPO day on November 20. The intended amount to be raised is a humongous $400 million, but there’s some ambiguity as to how the individual shares will be priced for buyers. Canaan’s stock listing on Nasdaq comes after the firm’s fair share of failed attempts to be listed on other stock exchanges in Hong Kong and mainland China. Rival Bitmain, which also faced a similar fate in Hong Kong, is said to have secretly filed a U.S. IPO as well, sponsored by Deutsche Bank. A Desperate IPO?   It seems Canaan has a boot load of debts to clear off its balance sheet. Additionally, the bitcoin mining manufacturer seems to be running out of funds for research, which is why after it approached Nasdaq in desperation. Many were found to be intrigued by this decision as US restrictions for small Chinese firms are quite large. As for the firm’s net revenue, it is definitely not at the top of its game. According to recent data, the company’s net registered revenue of around $137 million (959 mullion yuan), from 2019 beginning to September, was less than half of what it was during the same period in 2018. Even the bottom line sees a major loss, equal to around 223 million yuan. However, the mining equipment manufacturing firm itself is not completely responsible, as BTC price swings had a large impact, too. According to experts, a bitcoin price rebound might lift demands and allow Canaan to perform better. Also, recovery is also predicted due to a surge in prepayments to Taiwan’s TSMC, which is the firm’s official chipmaker. For now, it can only be said, that the IPO seems like a desperate move. What do you think about Canaan’s IPO plans? Let us know your thoughts in the comments below. Image via Shutterstock The post Is Chinese Bitcoin Mining Firm Canaan’s $400M IPO a Desperate Move? appeared first on

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.