Category: Crypto

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John McAfee Got Involved In Cryptocurrency And Blockchain Technology And Thinks Cryptos Will Change Everything

2/3/15 11:57:39 AM -- Opelika, AL, U.S.A -- John McAfee, founder of McAfee Anti-Virus, talks about his latest venture, FutureTense, in Opelika, Ala. Photo by Michael A. Schwarz, USA TODAY contract photographer ORG XMIT: MS 132524 McAfee 02/03/2015 [Via MerlinFTP Drop]

Politics, ethnicity, and religiosity could be some of the acceptable themes to talk over with John McAfee. However, if you are suspicious of Fintech in general and blockchain in particular, it would be wise to stay quiet.

McAfee, the computer developer and entrepreneur behind the multi-million dollar computer software company that carries his name, strongly trusts that cryptocurrency and blockchain, the technology that keeps all cryptocurrencies function, will utterly wipe out life as we understand it.

The blockchain is a gateway that can safely authenticate transactions and entities via a network of many decentralized repositories. It’s a brand-new approach to dealing with each other as the gateway can confidently track who you’re trading with and trace the source and the path of anything you’re trading.

Over the past 10 years, a number of bizarre occurrences have involved McAfee (the man) in a wide range of contentious issues, from outrageous allegations of murder in Belize to a short-lived run for the United States presidency.

John McAfee, knee-deep into cryptocurrency and blockchain technology world, think cryptos will change everything from jobs to governments

Now, he has embarked with all his energy on a journey within the universe of blockchain and cryptocurrencies and sells promotional tweets on his official Twitter account for just $105,000 dollars per tweet. McAfee has mentored or partnered with about 17 cryptocurrency businesses but its newest project is Docademic.

Docademic is John McAfee’s business that is dedicated to giving virtual access to clinicians worldwide by using artificial intelligence and blockchain technology for free.

Furthermore, McAfee thinks that, somewhen in the future, blockchain and cryptocurrency will force all the countries’ governments in the world to struggle for raising tax money for their budget. He meant that cryptos will take over fiat and governments “will not know where the money is, who has it and where it’s been transferred to.”

John McAfee also considers that blockchain technology and cryptocurrency will change how the jobs will be done in the future as many people will have no bosses, no banks to work with, no retirement. Cryptos will replace everything we know today, according to McAfee.

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Crypto

Ripple (XRP) Gone Silent, Lately – Something Big Might Be In Store For Ripple Enthusiasts

Ripple (XRP) holders and enthusiasts were fast to notice that Ripple has not appeared in the news with new partnerships in the last period. Accordingly, the last big news on Ripple was the partnership with Santander which signed up to use Ripple xCurrent. Now, many XRP holders started to question this silent period coming from Ripple. However, there might be a few good reasons why Ripple team is so quiet, lately.

What has Ripple (XRP) achieved so far, in terms of partnerships?

In fact, Ripple partnered up with about 50 central banks and approximately 100 regular banks, from every corner of the world. Additionally, Ripple (XRP) has also partnered with dozens of financial institutions and cryptocurrency exchanges.

Among the biggest deal Ripple has ever signed, noteworthy are the partnerships with MoneyGram and Western Union, both choosing to work with the xRapid platform, as well as the partnership with the Mexican payments processor, Cuallix, which brought to us another clear evidence of the Ripple (XRP) cross-border payments platform’s advantages.

Accordingly, recent real-time tests showed that xRapid reduced fees by 70% in cross-border payments between Mexico and the US, while it fulfilled the transactions in 2 minutes, on average.

Ripple (XRP) price

At this moment, XRP trades at $0.72, showing a 6.75% appreciation in the last 24 hours. Also, XRP seems solid on its third place on cryptocurrencies market, by market cap, despite the fact that Bitcoin Cash (BCH) is coming from behind fast and now approached at only about $3 billion behind Ripple crypto coin.

Despite the momentum BCH is experiencing now, it will have to struggle more to surpass XRP, in terms of market cap. But it wouldn’t be a surprise, whatsoever.

Why is Ripple team so quiet lately?

Well, Ripple devs are working on many projects as we speak, therefore, it could be possible that Ripple stores something stunning in its bag.

Many Ripple enthusiasts talked lately about new announcements on the upcoming Rippled 1.0.0 RC1 release which has been announced recently. Other think it could be something about a new huge partnership involving one of the Ripple’s renowned platforms.

What is clear is that Ripple (XRP) and its team have something major in store for us. What it is, however, we’ll definitely find out in the next couple of days or so.

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Crypto News Tech

Blockchain Voting Platform Has Been Successfully Tested During West Virginia Local Election

This week, in West Virginia, United States, the 2018 local election ended, being the first voting session in the United States to be held on a blockchain platform. The pilot test was carried out on the Voatz blockchain platform which was built on the set of applications developed by the Hyperledger Project.

The participants of the test chose their candidates for the Senate elections which will be held in November. However, the test of the blockchain voting platform was limited to the foreign-based military and their families.

Blockchain voting platform received positive feedback from the officials of West Virginia

The pilot test was conducted only with foreign military personnel from Harrison and Monongalia Counties and, at the moment, Voatz and the West Virginia’s IT and Security department, are still auditing the data obtained in the test, so results and announcements are expected in the coming weeks.

In this regard, the office of West Virginia Secretary of State, Mac Warner, says the state government believes that “blockchain technology provides a higher level of security in this type of voting application.” Warner, therefore, hopes that the blockchain voting platform will soon be available to all the US military voters from all over the world.

It is important to note that Voatz is a native mobile platform that combines blockchain with biometric technology for identity authentication and is working together with West Virginia authorities since March 2018.

The West Virginia blockchain test has also received negative critics

A professor of computer science at the University of South Carolina, who specializes in voting systems and electoral integrity, says that one of the main problems with this idea is the fact that the code lines are not visible, so, according to him, Voatz can’t be fully trustworthy.

However, the blockchain voting platform is based on the code developed by Hyperledger Project which is an open source initiative with very positive feedback.

West Virginia is the first state in the United States to consider holding its elections on a decentralized and encrypted blockchain voting platform. A digitization of the votes that, according to a Benenson Strategy Group survey, almost 50% of the millennials consider more pleasant.

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Crypto

Ripple (XRP): xRapid Reduced Fees By 70% In Cross-Border Payments Between The US And Mexico

This May 10th, Ripple (XRP) team issued an official statement showing the results of its pilot program for international transfers and payments, called xRapid. According to Ripple, payments between financial institutions that were made between the United States and Mexico and that used xRapid reduced fees by 40% to 70%.

They also explain that the payments that used xRapid took on average about 2 minutes to materialize, which is a huge reduction considering that cross-border payments today take about 3 days, on average.

They also explain that the portion of the time it takes for Ripple blockchain transfers is only 2 to 3 seconds and that the rest of the time it takes to complete the transfer is attributed to transactions involving cryptocurrency exchange houses and local payment methods involved in this process.

Ripple (XRP) xRapid cross-border payments platform shows a great reliability

In summary, xRapid works as follows. The financial institutions involved in the transaction are connected to cryptocurrency exchange houses, the currency in which the cross-border payments are made is initially converted into XRP, and in seconds it is received and converted into the local currency of the country of the financial institution which receives the payment.

In this way, Ripple explains that cross-border payments are made more efficient, faster, and at lower fees.

Creating more efficient solutions for payments and money transfers in today’s financial system is one of the goals that the Ripple team has focused on and hopes that Ripple (XRP) will be more and more accepted.

A few days ago, also, it was reported that Coinone Transfer, a subsidiary of the Coinone cryptocurrency exchange operator, will be using a Ripple (XRP) blockchain solution to offer its customers a new and better service with which they can send remittances throughout the Asian region faster and cheaper. Besides, different banks and big financial institutions have already adopted Ripple cross-border payments solutions, such as xRapid.

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Crypto Finance News

Ripple, Bitcoin and Ethereum: What Should We Say About Prices

Ripple

Ripple is quickening the falls endured amid the most recent days. XRP/USD is drilling supports, moving midpoints and pattern lines in huge auctions. In spite of this development, that may get into the skin of loads of Ripple holders, the every day outline markers still don’t demonstrate a frenzy circumstance and still keep a preferably positive than negative standpoint.

If Ripple loses the present level, it’s hard to see any longer backings until $0.55, with not very many margins for the bulls, as the main staying significant support would be at $0.4554, a relative low before getting into current year lows. On the other hand, all the lost levels are currently resistances. They are situated at $0.713, $0.7365, $0.7639 and $0.80.

Bitcoin

Bitcoin has achieved the support level that manages the Diamond formation trendline that was broken a week ago. BTC/USD has ceased at $8696 and has recouped the support level situated at $8830. On the off chance that the bearish leg stops at the present levels, it would be sure in the mid-term, as it would coordinate the breaking, affirmation and continuation patterns.

Underneath the present value, the current support is at $8830, trailed by the day’s lows in the previously mentioned $8696 level, in the event that this one is without space to go down to $8400 and $7860.

On the other hand, first resistance is at $9150, trailed by $9649 and $10100 as the third resistance.

Ethereum

Ethereum is additionally encountering some bearish runs, nearing basic levels to its mid-term viewpoint as well. In this specific situation, Ethereum is trading underneath the trendline that has been going about as help since mid-April. ETH/USD has come to the $685 stamp to skip then endeavoring to recuperate the $700 check, right where it is battling at the time of this written work. Above here, recovering $755 and the significant $813 would give ETH a perfect circumstance to assault unrivaled levels.

Beneath the present value level, if $696 is lost, next backings are at $648 and $621.

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