Bitcoin [BTC]: John McAfee reveals he received many emails from people claiming to be ‘Satoshi’

The ‘who is the real Satoshi Nakamoto’ drama in the world of cryptocurrencies has been ongoing ever since the name of the elusive Bitcoin [BTC] creator was made public. Fast forward ten years after the inception of BTC and the comments around that topics have reached new heights.
As part of a follow up to his many and consistent tweets, John McAfee twitter post said:
“I have received today dozens of communications from people and groups claiming to be Satoshi. Below is an example email and my responses. So people, please – i do know who Satoshi is. Don’t make yourself look foolish by pretending.”
His follow-up tweet said:
“Again people, don’t make yourselves look foolish by contacting me and claiming to be Satoshi. If you need to contact me to reveal yourself then you are not him.”
McAfee’s tweet came in the wake of several e-mails that were sent to him by people claiming to be the actual creator of Bitcoin. One such email even claimed that Nakamoto was not a person but rather a group of people working in unison and was in hiding. A part of the email content read:
“We are in hiding and we just don’t do emails. Mainstream media has a time block on us which is okay, they would rather choose to give airtime to imbeciles.”
The rise in the ‘Satoshi claims’ can be attributed to McAfee recent tweet of claiming to know a dozen people who know the real identity of Satoshi. He had also added that he would start a process of narrowing down the suspects to finally reveal the actual creator of Bitcoin.
The post Bitcoin [BTC]: John McAfee reveals he received many emails from people claiming to be ‘Satoshi’ appeared first on AMBCrypto.
Source: AMB Crypto

Vitalik and Hoskinson Support #DelistBSV, But Concerned About Centralization of Cryptocurrency Exchanges

Crypto-Twitter felt a sense of triumph when Binance and other Exchanges like Kraken and Shapeshift decided to De-list Bitcoin Satoshi Vision (BSV). Moreover, this the first time that a split between ideas resulted in delisting rather than opting for another ‘Fork.’
John McAfee tweeted on the issue:
“If BSV was his true vision then either Satoshi is the worst communicator in the world, or Craig Wright, Calvin Ayre and BSV are frauds.”
However, what feels like a unanimous decision was actually influenced by one Exchange’s immediate decision. The price of the delisted token fell by 21% in hours of the announcement. Hence, there were many users on the BSV chain who suffered losses which also might have been oblivious of the claims on Satoshi’s identity; not many people outside the crypto-community knows lead proponents of cryptocurrencies.
Centralization of Exchanges an Alarming Issue
Furthermore, BSV proponents have claimed that delisting was a violation of the right of free speech for Craig Wright. While Crypto-Twitter is united against Wright’s claims and the delisting, there is another alarming issue addressed by industry leaders.
Vitalik Buterin, the co-founder of Ethereum also noted on the issue:
“…I agree #DelistBSV is not a free speech violation for a different reason: exchanges are already selective so listing is active promotion, not “just letting the market play out man”
Binance is the largest Exchange in the world, and it is centralized. In fact, CZ can influence the price of any cryptocurrency by just ‘threatening to delist.’ Moreover, we have often seen how the listing of cryptocurrencies on Exchanges create a short term ‘pump and dump.’ It was evident with the ‘Coinbase effect‘ too where just anticipation of listing on Coinbase would drive the price of a cryptocurrency.
Charles Hoskinson, the CEO of IOHK, the firm behind the launch and development of Cardano platform tweeted on the issue saying:
“Exchanges are not public utilities, they are businesses often run by private owners. If you want a utility, then invest in or use a DEX. Don’t complain about the BSV delisting and cite free speech or some other appeal. It doesn’t exist with private companies.”
Hoskinson and Vitalik’s tweet on the issue suggests that privately managed Crypto Exchanges with such a large user base creates a monopolistic or oligopolistic market. Individual players are empowered to influence the market considerably. Hence, in its drive to bring decentralization in the World economy, the crypto-community seems to be moving towards centralization within the crypto-sphere itself.
There are many other centralization issues associated with Cryptocurrency Exchanges. Most importantly, the private key and custody issue, as Cryptocurrency Exchanges acts as custodian of the cryptocurrencies for their users. Since its inception ten years earlier, many Exchanges Wallets have been hacked and millions of dollars misplaced at the hand of the Exchanges.
Therefore, Decentralized Exchanges and personally managed open-source crypto-wallets are the only way forward towards a truly decentralized, secure and trust-worthy Blockchain ecosystem. Furthermore, Decentralized Exchanges can opt for a democratic process for listing and delisting of cryptocurrencies to ‘give the control back to the community.’
Is a shift to Decentralized Exchange need of the hour or crypto needs more centralized supervision? Please share your views with us. 
The post Vitalik and Hoskinson Support #DelistBSV, But Concerned About Centralization of Cryptocurrency Exchanges appeared first on Coingape.
Source: CoinGape

Is John McAfee among crypto adherents who knows Satoshi’s true identity?

John McAfee, the cyber-security genius, assured that Craig Wright was not Satoshi Nakamoto and in a shocking turn of events mentioned that there were a few people who knew the true identity of Satoshi Nakamoto.
John McAfee’s tweet read:
“Enough is enough! There at least a dozen crypto adherents who know the true identity of Satoshi. I can assure you, 100%, it is NOT Craig Wright. This absurd claim of Craig’s is incomprehensible. Mr wright: Have you no shame? Seriously sir! Have you no shame?”
Craig Wright has been raining lawsuits on Bitcoin enthusiasts who allegedly ridiculed him and claimed that he was not Satoshi Nakamoto. The string of lawsuits that began with Hodlonaut (and still continuing) brought the crypto-space together. Moreover, this also led CZ, the CEO of Binance, to delist Bitcoin SV, a fork of Bitcoin Cash, supported by Calvin Ayre and Craig Wright.
While some prominent people in the community “trolled” the incidents that occurred, others in the crypto-sphere gave their opinions on – if Craig Wright was Satoshi Nakamoto or not. McAfee was one among the latter, as he mentioned that there “at least a dozen crypto adherents” who knew Satoshi Nakamoto’s identity.
In addition, McAfee assured that Craig Wright wasn’t Satoshi Nakamoto. He said that he was “100% sure” about this matter, which leads to another question: Is John McAfee be one among the “dozen crypto adherents” who knows the identity of Satoshi Nakamoto?
Curious Twitter users asked if actually knew the identity and asked him to divulge the information. A Twitter user @bobchain_crypto tweeted:
“Do you know? Tell us!!!”
McAfee replied:
“Please. Get real. Satoshi has remained anonymous all these years and you expect someone to just tell you??? Surely that was not a serious statement.”
The post Is John McAfee among crypto adherents who knows Satoshi’s true identity? appeared first on AMBCrypto.
Source: AMB Crypto

Breaking: Binance Will Delist Bitcoin SV (BCHSV) on April 22

Coinspeaker
Breaking: Binance Will Delist Bitcoin SV (BCHSV) on April 22
Binance exchange has decided to delist and cease trading on all trading pairs for Bitcoin SV (BCHSV) starting from April 22nd, 2019.
Breaking: Binance Will Delist Bitcoin SV (BCHSV) on April 22

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin SV [BSV]: John McAfee sues Calvin Ayre in four different countries; vows to bankrupt him

The Bitcoin SV [BSV] saga has seen a new entrant thrown into the mix, with the controversy pivoted to rise rather than die down. John McAfee, the crypto-proponent and US Presidential candidate, has hit back against Calvin Ayre, reigniting their rivalry.
In a 13th April tweet, McAfee stated that he will sue the BSV proponent for “$800 mil,” taking the premise of the latter’s recent victory over Coin Rivet. McAfee referenced the Twitter debate that the duo had in mid-March, following controversial pictures uploaded by Ayre, which McAfee hit back at.
Calling the situation “unsubstantiable,” McAfee stated that despite lawsuits being “difficult” in Cuba, Ayre had assets in other countries, which he would target. The Presidential hopeful added that he would trace those assets and eventually “bankrupt” Ayre.
John McAfee’s tweet in full read:
“CoinRivet sued by Calvin Ayre. I’m suing Calvin for $800 mil. Calvin stated that I committed murder. Completely unsubstantiable. Cuba is a Civil Law country – making lawsuits difficult. However, I traced his assets to other countries. I will bankrupt him.”
The former software engineer attached the Coin Rivet article, apologizing to Calvin Ayre for their earlier reportage. On 16 March, Coin Rivet published an article titled “You’re heading down a dark alley, John McAfee warns Calvin Ayre,” in which they reported that Ayre had been “referred to Interpol, to the police and child abuse charities,” following pictures posted of the BSV man with “young” women.
Coin Rivet implied that Ayre was “guilty of child abuse offenses.” The publication later attested that the claims were “untrue,” and all articles that reference the same, both on their website and social media, have been “removed”.
Additionally, the publication has also agreed to pay Ayre libel for “substantial damages caused” as well as issuing a “statement to the English High Court in settlement of Mr Ayre’s complaint.”
McAfee, in reply to his tweet above, stated that he has already sued Ayre in “four different countries.” This would lead to Ayre having to retain legal teams in the aforementioned countries at least to hold off the claims. Furthermore, McAfee added that he has lawyers on retainer in 17 countries, hence, more lawsuits can be expected.
His tweet read:
“Will do. Lawsuits go on for years, but I will alert everyone when milestones are reached. I’ve sued him in four different countries. He will, at the very least, have to retain four different teams of lawyers. I, on the other hand, have lawyers already on retainer in 17 countries.”
McAfee concluded by stating that Calvin Ayre must “legally ‘substantiate’ the claims I am challenging.”
Using the above legal paradigm as a premise, McAfee vowed to sue Calvin Ayre for the latter attesting that McAfee is “wanted in Belize for murdering his neighbour.” In the midst of their Twitter warfare, McAfee imparted some “unsolicited advice” to Ayre, cautioning the BSV proponent to “pause for a moment and look at your reality.”
Ayre responded by stating:
“I am not saying McAfee is a murderer, I am saying the guy who confessed to killing his neighbour in Belize is saying John paid him so is a murderer:”
Later, Ayre told McAfee to “fuck off,” and called the presidential candidate, “a piece of Shite.”
The collective cryptocurrency community is likely to take McAfee’s side given the wave of opposition the BSV camp is facing at the moment. Craig S Wright, the Chief Scientist at nChain has vehemently conferred himself to be Satoshi Nakamoto, the creator of Bitcoin [BTC], so much so that the BSV camp is mounting a legal challenge to prove Wright’s identity. Ayre has already served “legal notices” to Pierre Rochard, Peter McCormack, Conner Brown among others for stating that Wright’s claim to be Satoshi amounted to “fraud”.
The post Bitcoin SV [BSV]: John McAfee sues Calvin Ayre in four different countries; vows to bankrupt him appeared first on AMBCrypto.
Source: AMB Crypto

Exclusive: John McAfee talks about his Presidential run, Federal Cryptocurrency, Calvin Ayre and more

In an exclusive interview with AMBCrypto, John McAfee, vocal cryptocurrency proponent, and former computer programmer, spoke about his upcoming presidential run, campaign promises that would affect the cryptocurrency world, the online Twitter battle with Calvin Ayre and more.
McAfee began by talking about the likelihood of mainstream politics embracing cryptocurrencies. He stated that it was not likely, saying that if any future U.S. Presidential candidate introduced a cryptocurrency, it would be federally regulated.
A candidate for the highest office in the United States, McAfee, does not have any real intentions of actually becoming the President. His main aim through his run is to promote decentralized currency and further its adoption.
Running on the Libertarian party ticket, McAfee stated that neither the Democratic nor the Republican party will ever truly embrace the notion of cryptocurrencies. He added that if they did, it would be for ‘Big Brother’ to track the activities of its users. McAfee’s advice to the virtual currency community was to use a privacy-centric cryptocurrency instead.
He said,
“Neither will fulky (fully) embrace it. Both will attempt to issue a Fedreral (Federal) Cryptocurrency that, i promise, will be a tracking mechanism for users. Just don’t usr (use) it. Use a privacy coin instead.”
The very essence of decentralized currency is to take away financial power from centralized authorities, and give it to the masses, he said. McAfee added that this would be ‘too much power’ to the people, which is why politicians are keeping their distance from virtual currencies.
His comments come days after Jay Clayton, the Chairman of the SEC, cited different reasons for the hesitation in granting a Bitcoin ETF. Clayton stated that the reason the SEC was on the fence about approving Bitcoin ETFs, was the market’s vulnerability to manipulation and high volatility of cryptocurrencies. His main intention was to protect investors, and if that was not sufficiently viable, there would be no publicly traded cryptocurrency.
McAfee had previously called Clayton a ‘m**h*r f*c*er,’ demanding a debate with the chairman. In June 2018, he asked his followers to send the chairman a “flood” of emails, calling for the debate. However, McAfee was unsuccessful in his effort.
He tweeted,
Source: Trading View
His ill-will for the SEC did not stop there. After the SEC indicted DJ Khaled and Floyd Mayweather in December 2018 for not disclosing payments received for promoting an ICO, McAfee called the regulatory authority a “corrupt, puss filled, bile dripping abscess.” He said,
Source: Trading View
When asked about Universal Basic Income [UBI] as a core campaign promise, and whether it could be mobilized through cryptocurrencies, McAfee said that “did not believe” in UBI. A handout of a certain dollar value to every citizen in America did not follow the principle of the “Survival of the Fittest,” according to McAfee.
In his own words,
“I Don’t believe in Universal Basic Income. Life is, and always has been, a battle if the “Fittest.” People have to work, risk. experiment, attempt, suffer hardships, learn, accept, adapt. It can be no other way if our species is to survive.”
Many Presidential candidates have previously raised the notion of UBI, most notably Andrew Yang, the Founder of Venture for America, whose core campaign pledge is UBI. Yang, although an admirer of the blockchain technology, had previously said that cryptocurrencies “have gotten ahead of themselves.”
Back in November 2017, McAfee predicted that the top cryptocurrency would reach $1 million, by the close of 2020. McAfee had added that he would ‘eat his d**k,’ if the prediction did not materialize.
Source: Trading View
When asked if the May 2020 halving would affect his decision, he said,
“The halving will help my prediction.”
John McAfee had also spoken about Bitcoin Cash [BCH]. During the latter’s hardfork in November 2018, McAfee took the side of Roger Ver and Jihan Wu-backed Bitcoin Cash ABC, stating “You have my sword and my loyalty.” With respect to Craig Wright’s claim of being the real Satoshi Nakamoto, McAfee said,
“It’s utter nonsense.”
John McAfee also spoke about the terrible tragedy in Christchurch, and had this to say about the debate on gun laws,
“If everyone in the Mosques had been armed, the death toll would have been minimal. An armed society is the only safe society. And armed societies are the most polite in the world as we learned from the “wild west” period in America. Everyone was armed.”
The post Exclusive: John McAfee talks about his Presidential run, Federal Cryptocurrency, Calvin Ayre and more appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV’s [BSV] Calvin Ayre defends controversial picture as John McAfee hits back

Calvin Ayre, the Founder of the Ayre Group, defended his 12 March tweets about a pool party with “young” women. Crypto-proponents were vocal in their displeasure towards Ayre’s pictures and video, and pushed back against the Bitcoin SV [BSV] spearhead.
In his reply to an article by AMBCrypto detailing the incident, he referred to the ‘women’ in the picture as “legal adults.” Ayre further added that the pictures were being “weaponized” against him due to his support for the nascent cryptocurrency, Bitcoin SV. He called this issue not one based on ethics or morality, but one based on “technology.”
His tweet stated,
Source: Twitter
Ayre continued his attack on anyone who opposed his tweets, referring to the crowd as “anti scaling trolls.” He claimed that this group was out for him, and were constantly trying to “demonize” him, because of BSV’s “technical position.”
Source: Twitter
The BSV proponent did not let the topic slide however, still defending his actions in the days following the original tweets. On 15 March, he stated that the video of the “Cuban national twerking team” was taken when he was not in the room, despite the picture being tweeted with the caption “at my pool.”
Ayre added that “ladies” in “this part of the world,” filmed themselves when they were “twerking,” and practiced the dance form constantly.
Source: Twitter
Trying to distance himself from the video in question, Calvin Ayre went on to state that the pictures and videos depicted a “cultural experience.” He then put out a disclaimer to anyone offended by the tweets, asking them to “please stop watching my personal social media feeds.”
Ayre’s antics failed to appeal to the larger cryptoverse. John McAfee, a vocal cryptocurrency proponent known for his brash conduct with women and alcohol, criticized Ayre’s behavior with strong words.
Referring to himself as the “King of Badass,” McAfee offered some “unsolicited advice” to the controversy-ridden Ayre. The US Presidential-hopeful stated that Ayre’s behavior was not conducive to the virtual currency realm.
McAfee tweeted,
Source: Twitter
Needless to say, Ayre did not take heed to McAfee’s advice. The BSV proponent stated that he did not need advice from McAfee, and attacked the latter over the 2012 murder of Gregory Faull.
Ayre responded,
Source: Twitter
Faull’s family has maintained that Gregory’s death was due to John McAfee, the victim’s neighbor. The crypto-proponent was found legally “liable” for Faull’s death by a Florida district court. McAfee, who was named as a “person of interest” by the Belize police, fled the country immediately after the murder.
Backing down from his responses to opposers, Calvin Ayre continued to defend his controversial tweets. With many questioning the age of the “women” in the pictures and the video, he stated that all but one of the “women” were over the age of 19. He stated,
Source: Twitter
However, Ayre’s defense did little to stop several crypto-influencers from chiming in. Mike Dudas, CEO and Founder of The Block, stated that he would be “alerting the authorities about your underage activities.” Francis Pouliot, CEO and Co-founder of Bull Bitcoin, accused Ayre of being a “pedophile.”
Notably, no one from the upper echelons of the Bitcoin SV community has come out in support of Ayre. Craig S Wright, the chief scientist of nChain and the man behind Satoshi’s Vision, did not come to Ayre’s defense, despite being an ally and very vocal on Twitter.
The post Bitcoin SV’s [BSV] Calvin Ayre defends controversial picture as John McAfee hits back appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC]: John McAfee predicts Bitcoin to breach the $1 million mark on 31 December, 2020

John McAfee, the founder of the software company, McAfee Associates, stipulated the exact day, a day he calls the ‘hard date,’ when he believes that Bitcoin will achieve the $1,000,000 feat. This was in response to Jesse Lund’s recent statement on the future of Bitcoin.
Lund, Vice President of Blockchain and Digital Currencies at IBM spoke about IBM’s latest project – World Wire payment network, XLM and Stellar and the future of BTC in an interview. When asked about the cryptocurrency’s valuation for the year, he said:
“I’ll go with $5000 but let me say that I have a long term outlook.”
The Vice-President further said that he believed that Bitcoin will be worth a million dollar someday. He added:
“I like that number, because if Bitcoin is at $1 million, then a Satoshi will be equal to one U.S. penny, which would mean that there is over $20 trillion of liquidity in this network and this $20 trillion of liquidity would massively change the global financial services landscape.”
It is in response to these statements that McAfee posted a tweet of his own,
“People are waking up to the fact that Bitcoin will be $1,000 000. But when? “Someday”. “Maybe 5 years”. “Within a decade”. I’m the only one giving you a hard date: Dec 31st, 2020.”
Jesse Lund made this prediction on a YouTube channel, Crypto Finder where he also discussed the need for a less cumbersome cross-border payment network and how IBM planned to solve the same. Speaking about the problem of cross-border payments, the Vice President of Blockchain and Digital Currencies at IBM, asserted the need for a requisite channel that facilitated an instant transaction execution with no technical barrier.
John McAfee’s present prediction comes a few years after made a similar prediction for the same cryptocurrency a few years ago. Back in July 2017, McAfee predicted that the price of the cryptocurrency would reach $500,000 in three years. The present prediction suggests that McAfee believes BTC to grow in value at two times the speed as it did back in 2017.
Further, McAfee also exuded confidence in his price prediction, promising to do anything requested of him on Twitter.
This isn’t the first time John McAfee is in the news this year. Since declaring his candidacy for the US Presidency, McAfee has been in the news for his controversial statements and escapades. He is presently living in exile, away from the United States after being pursued by the Internal Revenue Service for ‘unspecified financial crimes.’
The post Bitcoin [BTC]: John McAfee predicts Bitcoin to breach the $1 million mark on 31 December, 2020 appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Price (BTC) Undervalued By Nearly $34K According to Infamous Dickline

Bitcoin’s recent bullish rally has helped the leading crypto asset return to mean after $6K support was penetrated by bears. Given its potential, it’s clear to see that Bitcoin is currently undervalued by most analyst’s standards. Bitcoin price predictions place the number one crypto by market cap in the hundreds of thousands, with some estimates reaching a staggering $1 million USD.
Such an estimate was made my the eccentric cyber security expert turned crypto influencer John McAfee, who offered to eat his own “dick on national television” if his prediction didn’t come true by the end of the year 2020. Since that bold claim was made, the crypto community has been watching Bitcoin price closely, tracking it in accordance with the McAfee “dickline.”  According to the infamous “dickline,” Bitcoin is currently nearly $34K undervalued.
Bitcoin Falling Short of Dickline Trajectory to McAfee’s $1M Prediction
Back in July of 2017 before Bitcoin price truly went parabolic, founder of anti-virus pioneer McAfee Labs, John McAfee, made a claim that it would reach $500,000 per BTC “within three years.” He later revised his estimate based on a new prediction model due to how quickly the cryptocurrency’s value skyrocketed, and changed it to $1 million by the end of 2020. He also reiterated his commitment to his wager.

When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD
— John McAfee (@officialmcafee) November 29, 2017

Following McAfee’s tweet, the crypto community became so enamored with the wild yet confident prediction that a website was developed called dickline.info that was dedicated to tracking Bitcoin’s progress along a plotted 0.484095526% per day growth trajectory that would match up with McAfee’s end goal for BTC.
Related Reading | Bitcoin Bottom Doesn’t Matter, Last Time General Population Can Afford Entire BTC
The infamous “dickline” had been mostly forgotten about as McAfee distracted the world with his antics, which includes a Presidential run in 2020, a crypto-backed fiat currency that adorns his likeness, and his going into exile to avoid paying taxes to the IRS.
However, outspoken cypherpunk and creator of Satoshi.info Jameson Lopp didn’t forget, and recently called attention to how Bitcoin is grossly undervalued according to the “dickline” trajectory.

Bitcoin is now undervalued by an order of magnitude according to https://t.co/yMvYnhQJB5 pic.twitter.com/Cn3lwTfBoZ
— Jameson Lopp (@lopp) February 22, 2019

According to the site, Bitcoin price is currently 89.51% below where the leading crypto’s value would need to be to reach $1 million by the end of 2020. For Bitcoin to reach such a milestone, it should currently be valued at $37,797 according to the site. The number one crypto by market cap is currently trading at around $3,930 – suggesting that BTC is undervalued by nearly $34K.
Related Reading | John McAfee Interview: ‘Bitcoin Will Become The Gold Standard’
While many believe that Bitcoin will indeed reach incredible value if its potential is ever fully realized, a $1 million per BTC prediction may be unreachable as it would put its market cap somewhere around $21 trillion dollars. If it doesn’t reach the lofty goal set by McAfee, crypto enthusiasts will be disappointed Bitcoin didn’t reach it, but they’ll surely be tuning in to watch McAfee stay true to his word on national television.
Featured Image from Shutterstock
The post Bitcoin Price (BTC) Undervalued By Nearly $34K According to Infamous Dickline appeared first on NewsBTC.
Source: New feedNewsBTC.com

The New Era is Coming: Here’s What Every Major 2020 US Presidential Candidate Says about Crypto

CoinSpeaker

The New Era is Coming: Here’s What Every Major 2020 US Presidential Candidate Says about Crypto

Will the 2020 US presidential election bring us the first crypto-investor-in-chief, or will the voters elect someone with no qualms about using the long arm of the executive branch to impose burdensome regulations on the nascent asset class?

The New Era is Coming: Here’s What Every Major 2020 US Presidential Candidate Says about Crypto

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin Bull John Mcafee to Lead 2020 Presidential Campaign While Fleeing IRS Indictment

CoinSpeaker

Bitcoin Bull John Mcafee to Lead 2020 Presidential Campaign While Fleeing IRS Indictment

Cryptocurrency proponent John McAfee revealed that the IRS has convened a grand jury to charge him, his wife, and four of his campaign workers, with ‘unspecified’ crimes of felonious nature.

Bitcoin Bull John Mcafee to Lead 2020 Presidential Campaign While Fleeing IRS Indictment

Continue reading at Coinspeaker
Source: CoinSpeaker

Apollo Currency [APL] Under Controversial Spotlight Again As The Coin Reports 418% Weekly Growth

Extraordinary spikes and falls in prices of cryptocurrencies is not a surprising thing, but when a coin that has had a controversial and questionable past definitely grabs attention. Same seems to have happened with Apollo Cryptocurrency (APL), which was in controversy last year of being legit or not, rose over 400 % this week bringing back questions of its legitimacy.
Apollo Currency – A Strong Altcoin or A Crazy Shitcoin?
Apollo, since its establishment in 2017 claimed to be a ground-breaking project that would play an important role in shaping the future of decentralized cryptocurrencies with respect to the privacy feature. Termed as “all in one cryptocurrency” by its founding team, the coin expected to combine many features of various altcoins making a single powerful currency.
While the team behind Apollo, considers John McAfee as its role model and have listed him as the chairman, McAfee also seems to have a liking for the coin and has mentioned about them in a couple of his tweets

Apollo Currency is the first organization to Boycott HitBTC at cost of nearly half a million dollars. If awards for supporting ant-corruption in the crypto world were given, they would win top prize. Do I hear a "next"?https://t.co/2FO8QNrIph
— John McAfee (@officialmcafee) September 8, 2018

Apollo is solidly in 68th place in coin rankings.(I am obviously biased). Most privacy coins aren't private because your IP address is still available for all to see. Apollo has the best IP masking solution on the market, offering true privacy which equals true freedom
— John McAfee (@officialmcafee) January 20, 2019

Why I took over as Chairman of Apollo. pic.twitter.com/nEDEnICWIn
— John McAfee (@officialmcafee) October 2, 2018

This friendliness between McAfee and the Apollo team has also got Apollo added to the MAfee-backed Bitfi hardware wallet.
While the project seems to be a great one with the main feature like Olympus protocol, that integrates the functions of the platform and has IP masking features that can help the user to hide its IP and get more secure and have more privacy on the internet, there have been various claims against the project and the team across social media terming it’s as a farce and Shitcoin.
The Founder: Steve McCullah
A medium channel by name of Crypto Gear published the article collecting very fine points about the project and the flaws it has. The research conducted in the article made author conclude
“The foundation is doing everything to hide/blind your eyes, they deleted aliases hoping that we will not figure out, this group of ppl is ready to whatever it takes to continue scamming you. Why would we as investor trust words of people that are ready to manipulate the data to lie to us? They seem to forget that the main reason why the blockchain was created is that it is immutable, You can’t change the past if you use the blockchain. And as we don’t trust them, we have copies of the blockchain, so don’t try again APL”
A Redditor by the name of u/RozzyPoffle put forward his analysis as to why he felt that Apollo was a scam. He has pointed out Steve McCullah, the founder of the project seems to have a dubious past according to the post
“Steve McCullah also has no degree and continuously lies/changes his Linkedin profile/experience to exaggerate his experience and make it look like he has some sort of coding/tech knowledge or has done anything other than run scams in the past. Here is a quick video on that that Apollo doesn’t want you to see: https://youtu.be/CTA01WQEESo?t=318”
Another Redditor u/MerleRempel has also pointed at Steve McCullah’s past and called him a Scam Artist. To quote
“I’ve discovered that the CEO of Apollo Stephen McCullah has been involved in several scams in the past including a $29,000 Kickstarter scam where he claimed he was raising funds for a documentary expedition to Congo in the search of living dinosaurs. He later disappeared with everyone’s money and never completed the expedition. This can be verified by looking at the comments on the Kickstarter.”
While there is so much of muck around the Apollo on the internet, it’s really difficult to say that the project is really a great one even though its documentation and ideology says it.  If researchers and community are to be believed this rise in Apollo Currency is just a pump and dump strategy played out to fool the investors.
Is Apollo really a strong coin or is it just a scam? Do let us know your views on the same.
The post Apollo Currency [APL] Under Controversial Spotlight Again As The Coin Reports 418% Weekly Growth appeared first on Coingape.
Source: CoinGape

HitBTC Surrounded By Controversies As Exchanges Halts Withdrawals and Imposes Weird KYC Procedures

Hyped to be one of the world’s most advanced crypto exchange, HitBTC is gaining attention for all the wrong reasons since the start of 2019. A lot of news flow that has surfaced in the last few days have attached the exchange’s name with controversies, including those of scams and insolvency.
Not a good start for HitBTC in 2019
While the year 2018 is expected to bring back good times to cryptos, one of the most technically advanced crypto exchange, HitBTC, hasn’t had the best of the starts for the year. The exchange is marred by rumors and blames that it is hit by a SCAM and certain news flow suggests that the exchange might be heading to bankruptcy. There’s criticism coming in from individuals and from the leading influencers in the industry regarding exchange’s inability to withdraw funds and its bizarre KYC procedures.
All problems began at the ‘Proof Of Keys’ event which was held on 3 January 2018, that brought HitBTC to the spotlight. The idea behind the proof of keys event was to withdraw crypto funds from exchanges in an attempt to identify crypto exchanges and third parties that do not have adequate liquidity, essentially exposing exchanges that do not hold the amount of crypto they should be holding. During the event, most people reported that HitBTC would not be in a position to manage if all users withdraw their funds. While HitBTC ducked that claim and survived a catastrophe at the Proof of Keys event, the problems didn’t end there for HitBTC.
Looking at all the newsflow and the uproar that had emerged on social media, John McAfee, a prominent crypto influencer came out and criticized HitBTC. In the tweet McAfee mentioned his warnings to people of the illegitimacy of HitBTC, saying
You had six months warning from me to withdraw your funds. Do not ask me to help you now.

I warned everyonw more than a dozen times. Don't sign up. Don't use it. Withdtaw your funds. I was trashed for calling out HitBT as a corrupt cimpany. Tough shit. You had six months warning from me to withdraw your funds. Do not ask me to help you now.https://t.co/Ls9mzpUSbz
— John McAfee (@officialmcafee) January 2, 2019

While the exchange was getting away with the Proof of Keys event, users start complaining about the bizarre experiences with the KYC procedures that include activities such as, asking for social media account info and taking pictures of oneself in different areas of their houses.
The Subreddit page of HitBTC is also rife with various comments that are not quite in favor of the exchange. Furthermore, over the last few hours, there were comments from users who have reported normal withdrawals, a lot of them are still queued to get their monies back. Another issue on Reddit is that the Reddit user ‘@HitBTC’ is suspended and the only moderator of the HitBTC’s Reddit page was, in fact, the user @HitBTC. Therefore the Reddit page is currently not run by anyone at this point.

While all these problems looming, a trader on Reddit known by ‘u/colonelnipples’ wrote that he opened an account with HitBTC and deposited $700 with no issues and purchased Ethereum with it. However, when he tried to withdraw the amount, he received a message from the exchange, that he needs to complete full KYC. Interestingly, this was his first transaction on the platform.
HitBTC, which began with high hopes and promises of being the most advanced crypto exchange seems to be falling apart. Hope the exchange finds a solution soon or it would be very close to shutting down its doors, as a lot of news suggests.
Will HitBTC comes out clear from the mess it has created? Do let us know your views on the same.
The post HitBTC Surrounded By Controversies As Exchanges Halts Withdrawals and Imposes Weird KYC Procedures appeared first on Coingape.
Source: CoinGape

Major Exchanges Fail to Prove Their Readiness for ‘Proof of Keys’ Movement

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Major Exchanges Fail to Prove Their Readiness for ‘Proof of Keys’ Movement

In addition to being Bitcoin’s 10th birthday, Jan. 3, 2019 will go down in history as being the crypto world’s inaugural Proof of Keys day.

Major Exchanges Fail to Prove Their Readiness for ‘Proof of Keys’ Movement

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Source: CoinSpeaker