Tag: John McAfee

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Crypto News

John McAfee, A “Friend” Of Cryptocurrencies, Gave Up Promotin ICOs, Forced By The SEC

The influential businessman John McAfee announced today that he would no longer promote Initial Currency Offers (ICOs) due to “threats” from the US Securities and Exchange Commission (SEC), and said he is working on an alternative model for this type of financing round that would be protected against restrictive regulations.

The announcement was made in response to a previous comment requesting investment advice, which in turn was a response to the reasons McAfee initially offered for blocking more than 800 people in the last 72 hours on his Twitter account, saying that “bad treatment will not be tolerated on my account and there will be no warnings. If someone wants to be blocked instantly, please be rude.”

The SEC has imposed strong regulations against ICOs and has consistently warned for years about the various types of cryptocurrency scams. They went so far that they even created fake ICO to show how fraudulent schemes of this kind affect investors.

John McAfee gave up promoting ICOs, while the US Securities and Exchange Commission (SEC) raised controversial opinions with its last statements

John McAfee has been an influential thinker on investment in Bitcoin (BTC) and various altcoins that have been promoted in the midst of its fundraising campaigns. Also, some of McAfee’s comments may have led to price changes in certain blockchain assets.

Meanwhile, the US Securities and Exchange Commission (SEC) has also set the standard for the cryptocurrencies market, because the regulations imposed have served as a filter for projects that do not meet operational, financial, and security standards. In this way, the markets have responded to these strategies, since the sustainability of those projects that seek to develop and enter the global cryptomarket has depended on them.

Some of the analyses of the recent SEC decision not to consider Ethereum (ETH) as security argue that investor protection is not a determinant in prohibiting the marketing of an asset. Others argue that laws to regulate ICOs should be retroactive.

Meanwhile, the cryptocurrencies market has recovered in recent days, as it seems that Bitcoin (BTC) is the network that is leading the growth of the entire market, while it has been proven that the altcoins are behind it regarding price behavior.

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Crypto

EOS (EOS) Will Trade At $33 By The End Of July, John McAfee Predicted

Everybody knows that John McAfee is a crypto enthusiast. He backed up cryptos and blockchain technology on many turns and now he came up, once again, with one of his well-known predictions. According to John McAfee, EOS (EOS) will reach $33 by the end of July.

A few days ago, on June 3rd, McAfee put the EOS community on fire after releasing the rumor that EOS (EOS) will reach $33 in July. Despite that many considered his prediction crazy, maybe John McAfee had some inside information, wouldn’t he?

Well, we can’t say he had or not, but one thing is for sure.

He also predicted Bitcoin (BTC) will reach $200K by the end of 2020 but, as we speak, there are no signs that such thing will happen.

However, today, thus 3 days after McAfee’s prediction on EOS (EOS), the crypto went down by several points, decreasing from $14.77 (on June 3rd) to $13.61 (today, June 6th, at the moment of this writing).

Can EOS (EOS) reach $33 by the end of July, as John McAfee predicted?

Honestly, we can’t say for sure, and nobody can, as we all know that cryptocurrencies market is highly volatile. However, relying on facts, can EOS (EOS) reach the value against the US Dollar that McAfee predicted?

First, for EOS (EOS) to reach $33 it has to appreciate by about 150% (as its price is $13.61, at the moment of this article).

Taking the last 3 months into consideration, EOS cryptocurrency has grown by about 140%, as it was one of the top earners among the top 10 cryptocurrencies. However, if we look at EOS (EOS) progress during the last 30 days, we notice that this crypto has actually declined by more than 20%.

But EOS recovered by about 10% in the last 7 days.

As the EOS (EOS) progress looks right now, we doubt that it can gain 150% in the upcoming 1,5 months but, I repeat myself, the cryptocurrencies market is pretty volatile and massive increases, as well as significant losses, might occur.

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Crypto News

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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