We will wait for the latest update about this news. Whatever the results may be then we can conclude if his plan is working good or not. What we have in our minds right now is that we are just giving opinions on whether we could benefit from his plans or not. We will judge him by the time we know the latest news.

Have a great day to all.

Very well said. If several people could hear and read about this news they'll probably definitely agree about what you said.

Steve Bannon, the former Chief Strategist of President Trump, once Trump’s close ally and advisor, and former Chairman of Breitbart News Network, seems to be having ideas on launching his own cryptocurrency.

Recently, in a small gathering of academics, Bannon is reported to have “floated the idea of launching his own cryptocurrency”, reports The New York Times. Much like President Trump, Bannon seems to enjoy thinking out loud, conducting brainstorming sessions in every conversation and spewing ludicrous ideas on the fly.

Bannon has already been reported as saying he has invested a ‘good stake’ in Bitcoin. He has also had private meetings with cryptocurrency investors and hedge funds, where he has discussed working on initial coin offerings [ICOs] through his investment business, Bannon & Company.

“It’s disruptive populism,” said Bannon in an interview.

He says:

“It takes control back from central authorities. It’s revolutionary. Control of currency is control of everything.”

His views mirror John McAfee’s, but while McAfee portrays himself as a paladin who fights to empower the masses. It would take a very creative business pitch to sell Bannon as a figure in the same mould.

Although the transformative power of cryptocurrencies and blockchain is recognized by a lot of people, they sometimes do receive bad press when certain unsavory characters openly embrace them for exactly the wrong reasons.

Mr. Bannon’s planning is only in its preliminary stages, but he may be laying the groundwork for helping entrepreneurs and even foreign countries create their own cryptocurrencies. The realm of cryptocurrencies draws into it people from all walks of life, from drug dealers to Wall Street white collars.

While Bannon has no intention of moving into the spotlight in Washington politics after Michael Wolff’s explosive, ‘all-revealing’ book “Fire and Fury”, championing the cause of Bitcoin reeks of political intent. The part of cryptocurrencies that Bannon seems most interested in, the ICOs and new digital token creations, is also the least transparent, and most easily scammed, part of the entire business.

Colin Platt, a cryptocurrency researcher, does not mince words and is reported by the NY Times to have said:

“It almost seems like a natural progression for a man who gained prominence by shoveling out unfounded conspiracies to now shilling complex technology and financial instruments to an unsophisticated investing public.

Source:https://ambcrypto.com/president-trump-former-chief-strategist-start-new-cryptocurrency/

KUALA LUMPUR: New cryptocurrency firm SIM Chain International has garnered US$30 million (RM120 million) in cryptocurrency investment from 100 mainland China business partners in two weeks since the company was established on June 4, 2018.

SIM Chain is a subsidiary of Koperasi Blue Ocean 1 Nation Kuala Lumpur Bhd, whose principal activities include movie production, multi-level marketing, crowd funding, murabaha & ijara' fund, real estate, tourism & education, Ar-Rahnu (pawnshop), fixed deposit, laundry, catering, plantation/farming.

SIM Chain CEO Chia Kheng Choon said the proceeds will be reinvested in over 100 different industries such as hotel, plantation, hospital, tourism & travel, and education in China and Malaysia.

He said the company is confident of its target to have 1,000 strategic partners worldwide within three months to explore investment opportunities in the industries.

"(The legality of) cryptocurrency is subjective. It's not legal internationally, but it's also not illegal," Chia told SunBiz at SIM Chain's dinner with its Chinese business partners here last Thursday.

Chia vouched for SIM Chain's credibility, explaining that it is a legitimate and "proper" business in Malaysia, but noted that it is similar to controversial MBI Group International.

Chia said its proprietary digital currency is akin to bitcoin and is now transacted in China and soon internationally.

SIM Chain is also positive on its prospects on the back of growing popularity of cryptocurrencies. "The Chinese are willing to take risks and they have this mindset, so it enables them to make millions of dollars within two to five years," said Chia.

Source:http://www.thesundaily.my/news/2018/06/17/new-cryptocurrency-player-sim-chain-draws-us30m-china-investors-june-4-launch

Hi there! I'm a newbie here. I want to learn more about cryptocurrency.

This is my first message in bitcointalk forum. My name is chemai from

Asian countries. I hope that I will learn fast and If someone out there

to teach me how to do this thing its a pleasure for me. Thank you