John McAfee Will Shine the Light on Crypto

A crypto personality John McAfee took quite a serious position regarding his presidential campaign in 2020. He shared a couple of interesting details with his future electors

McAfee claimed that the main focus of his campaign is going to be blockchain, its implementation in various sphrese and raising awareness about this technology as well as cryptocurrencies among the people.

If we accept the Blockchain as our guiding light, our hearts and our minds can be free,” he added in a rather poetic way.

We remind you that McAfee does not actually want to become the President of the US, he just wants to run for the post. Here is why:

Why Is John McAfee Not Planning to Be the President?

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John McAfee Believes He Is the Most Accurate Bitcoin Price Predictor

It’s been a while since the crypto enthusiast and the creator of the popular antivirus John McAfee participated in the life of the crypto community. And we can totally understand that given the fact that he is currently living on a yacht and hiding from Internal Revenue Service for not paying taxes.

Almost a few months has passed since McAfee posted something crypto-related. Let’s find out what could possibly trigger him to get into the groove again.

It turns out that Jesse Lund, the Vice President of IBM’s Blockchain and Digital Currencies department basically “stole” McAfee’s prediction regarding the exchange rate of Bitcoin in the future.

In an interview with Fred Schebesta, Lund claimed that Bitcoin would have higher liquidity if its price went up. Later on, he made a surprising statement:

I have a long-term outlook. It goes back to that discussion about the utility of the network with a higher price. I see Bitcoin at a million dollars someday.”

We all know that John McAfee is a king of eccentric BTC price predictions. He claimed that Bitcoin would cost 1 million dollars by 2020 long time ago. Certainly, the crypto enthusiast could just ignore the situation and tweeted about it.

Not only did he complain about the fact, that he was the first to set such a price target for Bitcoin, McAfee also mentioned the exact date when BTC would hit 1 million dollars: 31st of December, 2020.

However, later on, he posted another tweet, clarifying that the media twisted his words, and 31st of December was not the specific date, it just meant the end of the year.

Bitcoin is probably the most unpredictable thing in the world. Thus, despite the competence of the people setting the price target for it, we will only have to wait and see whether it will ever hit 1 million dollars.

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John McAfee Runs into an Exile after Being Charged with Tax Fraud

A crypto enthusiast John McAfee, who is known for his eccentric behavior, has gotten himself into a new scandal, this time with Internal Revenue Service.

According to the post published by Daily Express, IRS has charged the crypto evangelist for not filing return on his taxes, along with his wife Janice and four members of his 2020 presidential campaign. McAfee commented on the matter by saying:

Today, the IRS has convened a grand jury in the state of Tennessee to charge myself, my wife Mrs McAfee, and four of my campaign workers with unspecified crimes of a felonious nature.”

Internal Revenue Service has not provided any official statements about this whole situation, however, it is quite obvious that the charges have to do with millions of dollars in taxes that McAfee did not pay.

Meanwhile, McAfee refused to pay anything to IRS and left into an “exile” on his luxurious yacht which is now sailing near the coast of Venezuela. He also promised to run his campaign from the boat if needed.

McAfee called this an attempt of the government to “silence, imprison and shut his voice down” and claimed that he would not give in.

Today, crypto community, we are at war and I am on the front lines,” he said.

We remind you:

Who Will Play the Main Role in the Movie about John McAfee Instead of Johnny Depp?

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The UN Will Use Blockchain to Develop Healthcare in Africa

The United Nations division, the Office on Drugs and Crime is going to cooperate with the blockchain company doc.com in order to provide free and accessible healthcare and medical services in the Eastern regions of Africa.

Doc.com is a company that specializes In telemedicine and telepsychology. It uses blockchain to let the customers exchange their personal data for tokens, which will open access to various healthcare services.

The company is functioning in over 20 countries with around 130 thousand customers. The United Nations has been researching the ways to use blockchain for humanitarian causes, thus, this collaboration might become the salvation for poor African countries.

We remind you:

The UN Will Cooperate With the IOTA to Increase the Productivity of its Work

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Bithumb Won the Trial in the Case of a Major Crypto Attack

As reported by the Korean subdivision of CoinDesk, a customer of the South Korea-based cryptocurrency exchange Bithumb suffered a tremendous money loss at the end of 2017 due to a hacker attack.

Back in November of 2017, the hacked victim placed 478 million Korean won (426,600 dollars) to his account at Bithumb. Only a couple hours later, an unknown hacker broke into his account, exchanged the money to Ethereum and stole it. As a result, the poor Bithumb user was left only with 11 cents at his account.

In the attempt to bring his funds back, the victim tried to sue Bithumb. However, the exchange management used the Electronic Financial Transactions Act, according to which the exchange is not a financial company, thus, it is not responsible for the hacker attack and money loss. The court found Bithumb innocent.

We remind you:

Bithumb Outruns BitMEX in the Crypto Exchange Battle

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Bitcoin’s Lightning Network Is Growing: 500 BTC Has Been Passed

The Lightning Network of BTC, which is an emergency measure aimed at solving the problem of scalability is growing by leaps and bounds, passing more and more milestones on its way.

We have already reported about the previous successes of the Network:

Lightning Network of Bitcoin Blew Up: A 1600% Increase Since Last February

Today we have more exciting news. According to the data from 1ML, the Lightning Network has passed the point of 500 BTC in capacity, which is worth more than 2 million dollars. The number of available nodes has also skyrocketed. It is now 25%, which almost twice as much as it used to be before.

The Lightning Network is developing technically and gaining more popularity. In the recent couple of months, it has truly skyrocketed, judging by all the statistics.

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USD Might Soon Be Replaced by JPY as the Most Popular Currency Traded with BTC

When we talk about crypto to fiat trading or vice versa, in most cases we will refer to US dollar and Bitcoin, since these two are clearly the most popular options. However, USD might soon lose its leadership as the prime choice of BTC traders.

Japanese yen has always followed closely, being the second most popular fiat currency of crypto/fiat transactions. However, recently it has started to gain popularity at a high pace. According to the platform CoinHills, USD currently accounts for about 48% of transactions with BTC, where as the share of JPY is a bit more than 47%, which make it pretty much a tie.

Many experts now state that the Asian crypto market has really stepped up its game and now has a bigger influence on the industry than America and Europe. More and more traders are turning to JPY as a means to purchase crypto.

We remind you:

Japanese Crypto Exchange GMO Coin Resumes Trading BCH, Namely ABC Version of Bitcoin Cash

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