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How John Mcafee is helping the entire crypto industry.

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John McAfee is undoubtedly the most influential figures in the cryptocurrency industry. Having been in constant fights with a number of financial regulators

Various circumstances which process that McAfee is a great cryptocurrency supporter.

Introduction

John David McAfee is undoubtedly the most influential figures in the cryptocurrency industry. Having been in constant fights with a number of financial regulators around the world. John McAfee has always stood by the cryptocurrencies side and has been constantly supporting them.

 

Founder of McAfee Associates, one of the most popular antivirus software firm, John Mcafee has plunged into the cryptocurrency domain and has constantly been in the Crypto news since his inception in the field. There are a number of instances where he has taken a firm stance, against the financial companies, some of them explained below.

Boycotting of RBI

Back in April 2018, The Reserve Bank of India had issued an official statement, stating a complete ban on the all the Financial Institutions which were related to the cryptocurrency transactions. It had given the companies a 3 month time window to stop all the functions related to the cryptocurrencies.

 

Recently on July 5th, the time window expired, and all the cryptocurrency operations were seized in the country. Many bank accounts were reported to be closed. Commenting on this incident the Crypto supporter John McAfee expressed his anger against the Reserve Bank of India and called for a complete boycott of the RBI. India is a developing country where the virtual currencies are striving hard to sustain in the country’s financial economy. Such decisions from the financial regulator of the country are really disheartening for all the Crypto enthusiasts in the country.

John Mcafee Boycotting HitBTC

HitBTC is one of the largest cryptocurrency trading platforms with more than 700 trading pairs to choose from. The daily trading volume being more than $250 million helps in providing high amounts of liquidity to the cryptocurrency market throughout the world.

 

The cryptocurrency exchange was reportedly held responsible for a delayed settlement of the transactions and sometimes this delay spanned for weeks together. It is even reported that some of the transactions were canceled by the exchange due to some circumstances.

 

The users with their MTC coins on the Crypto exchange were not able to withdraw the coins due to these problems, resulting in the non receival of the Airdrops offered by the Docademic, a cryptocurrency which was initiated by 2 medical students to provide Healthcare and Medical Services to the poverty-stricken people all around the world.  

 

Due to this careless attitude by the crypto exchange, John McAfee retaliated through Twitter and called for a complete boycott, until it promised to change its values and principles.

Differences with SEC

The Crypto Crusader has constantly been in a controversy with the Securities and Exchange Commission where there are claims being made by John McAfee through posting his own videos on the Internet, where he reveals that he was constantly being threatened by the commission for supporting the cryptocurrency space.

 

Specifically the Initial Coin Offerings, he was forced by the SEC to spread a message across his followers to avoid Initial Coin Offerings. But being a strong Crypto supporter he has also assured his followers that he would be coming up with an alternative for the Initial Coin Offerings, where it wouldn’t fall under the jurisdiction of the SEC. He has also claimed that he would be contesting for the post of president in the next US elections to support the Crypto space as much as possible.

 

There has also been contention between them, regarding the consideration of the tokens to be security tokens by the commission. The contention escalated so much that John McAfee called for an open public debate with the chairperson of the SEC, Jay Clayton regarding the issue.

Conclusion

John McAfee has been constantly been predicting the cryptocurrency market prices he once had said that Bitcoin could reach a value of almost $1 million someday. Constant threats from the Securities and Exchange Commission, towards one of the most famous Crypto enthusiast, is really not acceptable, as America is one of the biggest democracies in the world. Conditions where a financial institution is openly frightening a person for his life, the legal authorities of United States can’t shrug their shoulders at the matter.

#Monero

Beryllium Bullet: The New Monero XMR Fork Explained

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Monero (XMR) forked effectively on 18th of October 2018 called Beryllium Bullet, the network has seen no significant hiccups up until now.

Monero (XMR) forked effectively on 18th of October 2018, and the network has seen no significant hiccups up until now. This release is not normal for the typical ones that endeavor to stay aware of deflecting ASIC miners. The release, called “Monero 0.13.0 “Beryllium Bullet,” incorporates a critical upgrade of the network’s protocol through the presentation of bulletproofs.

Beryllium Bullet: Monero Fork

The enhanced protocol takes into consideration more grounded privacy, less expensive and quicker transactions, and more noteworthy ASIC miner resistance.

 

Bulletproof is a special component among digital assets, in any event among huge top networks. It gives clients more privacy by concealing the quantity of coins that they send in transactions. The technology executes new logarithmic math with the end goal to check transactions.

 

The redesigned protocol likewise brings substantially less expensive transactions fees and snappier transactions. As the group’s blog refresh states:

“With our current range proofs, the exchange is around 13.2 kB in size. On the off chance that I utilized single-yield bulletproofs, the exchange lessens in size to just around 2.5 kB! This is, roughly, an 80% decrease in the size of the transaction, which at that point means an 80% decrease in fees also. The space funds are far and away superior with different output proofs. This speaks to a huge diminishing in the size of the transactions. Further, our underlying testing demonstrates that an opportunity to check a bulletproof is lower than for the current range proofs, which means faster blockchain approval.”

 

Another symptom is happening also: XMR miners are revealing that mining difficulty has dropped steeply since the fork. The blockchain’s ledger will now likewise require significantly less hard disk space. In general, the form is a monstrous update that enables Monero to remain the best privacy coin.

 

Monero developers firmly suggest that everybody overhaul their wallets and hubs on the off chance that they haven’t done as such as of now, as running the old variant could lose transactions.

 

Monero’s for quite some time held objective is for all clients to mine the coin, not just makers or mining farms that have the assets to toss around colossal hashing power, as has occurred on the Bitcoin network. Along these lines, normal clients can remain profitable with GPU and CPU chips. Monero developers conceded to semi-annual network overhauls and changes to the Proof-of-Work (PoW) work with the end goal to remain one stage in front of ASIC producers. The present fork proceeds with that fighting.

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#Cardano Price Analysis

ADA Daily Trading Signals: 19 October

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ADA Price is below the two EMAs with the stochastic oscillator signal pointing down at 43%. This implies further downward movement within the range.

Dominant bias for CARDANO (ADA) – Ranging

Resistance Levels- $0.08800, $0.09000, $0.09200

Support Level-$0.07000, $0.06800. $0.06600

 

ADA is in a range-bound market   The loss in bullish momentum at $0.08091 in the resistance area for the continued upward journey after the retest gradually set the bears back in the market. The doji opening candle of 18th October at $0.08001 followed by the bearish hammer confirmed the bears’ takeover. ADAUSD was initially down to $0.07752. Increased bears pressure pushed the cryptocurrency further down to $0.07537 in the support area as ADAUSD enters the range.

ADA Price is below the two EMAs with the stochastic oscillator signal pointing down at 43%. This implies further downward movement within the range.

 

ADA 4-hour chart

ADA 4-hour chart

 

ADA is in consolidation and trading between $0.08050 in the upper supply area and at $0.07200 in the lower demand area of the range. A breakout at the upper resistance area or breakdown at the lower support area may occur hence patience is required for either to happen. Confirmation with good reversal candles after retest will be of great importance.

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#Daily Price Analysis

XRP Daily Trading Signals: October 19

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Dominant bias for XRP – Bullish

Resistance Levels- 0.6000 $0.6500, $0.7000

Support Level-$0.3500, $0.3000. $0.2500

 

XRP had a temporary drawdown which is a plus to the cryptocurrency on its journey to the moon. The bullish opening of 18th October at $0.4832 expected to push the price of XRP up showed exhaustion as the candle closes with a wick. This returned the bears to market.  The bears’ pressure was strong as XRPUSD initially down to $0.4719. With increased bearish momentum, the cryptocurrency went further down to $0.4560 in the support area as the trading session runs to a close

Apparently, the pullback was necessary for the market correction before uptrend continuation. The retracement was within the 50.0 fib level a trend reversal zone. The implication is that the bulls still lurk in the market and a strong comeback may occur sooner than expected. Moreover, the broken diagonal line in the Fibonacci is another great tool. Each time price touches it, it bounces off it. A bounce may also be expected if price makes a touch at it before going up.

 

XRP 4-hour chart

XRP 4-hour chart

 

The 200 EMA is seen acting as a strong support for bullish movement as XRP price lies above it. The stochastic oscillator signal points down at 32% which suggest minor downward price movement may occur before uptrend continuation.

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