John McAfee Comes Out With a New Exchange – McAfeeMagic!

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The crypto defendant, privacy maximalist, who’s running for POTUS in 2020, John McAfee, has just released his new cryptocurrency exchange called “McAfeeMagic”. Interestingly enough, the exchange will allow trading cryptocurrencies on multiple exchanges within one dashboard. 

When going on his website he describes the platform as a new and revolutionary. The exchange comes out as a non-custodial. Users funds will be stored on 8 other exchanges. In order to set up the account, users will need to add APIs from other exchanges, where their funds are stored. The exchange enables both manual and automatic trading, across the aforementioned eight cryptocurrency exchanges. Moreover, users will be able to set orders on 8 exchanges all at the same time from one simplified dashboard. If this isn’t eye-catching and you still ask “So where’s the magic”?

“The “Magic” is being able to make a snap trade, while your pre-set automated bots are making 100’s of trades for you, (on different exchanges), in the background! – That’s the McAfee Magic,” says the website.

Two portals

At the moment, the McAfeeMagic exchange offers two “portals”. “Magic” and “Shadow”. The Magic portal is for normal trading, the Shadow one is for Shadow trading in which the user will be able to sort of copy other successful trader calls, whom the community will manually rank judging by their success.

Additionally, there is a “set and forget” option which means that the user will have the ability to set a buy and sell order at the same time. Autotrades will also be an option. And the best part about McAfeeMagic is that users from all around the world, with no restrictions, will be able to use it. Now McAfee really is offering freedom to crypto enthusiasts.

Security

Since McAfee is the godfather of internet security, people expect that this crypto exchange will be the most secure of them all. The website’s FAQ says that the site is hosted on “top grade” Amazon Web Service servers that come with DDoS protection. Also, the system can scale on demand, as they describe.

“We are only releasing this platform to the public after extensive testing and auditing processes that stretched months,” reads the website.

However, the website experienced a DDoS attack before the site was even launched. Earlier, in a tweet by John McAfee, he stated that the McAfeeMagic.com is “still under attack.” They had found out that the attack comes from a new I.P. Address in Texas. Also, he eased everyone by saying that the Amazon AWS servers are learning the attack and are “top notch”.

The McAfee Freedom Coin

Best Coin Investments recently reported that John McAfee is also coming out with a new cryptocurrency – Freedom Coin. The new cryptocurrency, as informs McAfee, is designed to confront the problem of currency exchange. He goes on explaining that the Freedom Coin will use a unique paradigm and a new structural concept. The asset will have no value, hence it will always be worth zero in relation to any other currency asset, however, at the same time, its natural market value will be free. Moreover, he says that this new cryptocurrency is nothing new and definitely isn’t a technological breakthrough. However, what makes it unique is the new approach to understanding the evolution of cryptocurrency “and the mechanisms that have kept the Holy Grail of cryptocurrency – economic freedom – out of reach.”

Photo taken from McAfeeMagic.com

John McAfee announces Freedom Coin

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Judging by a recent John McAfee tweet, he is coming out with a new cryptocurrency – Freedom Coin. He announced it earlier today. McAfee claims that the new asset will have a unique paradigm and a new structural concept. 

Explains the Problem

When visiting his new website, you can see a long abstract about the main intent behind creating such cryptocurrency. The website itself is very shy of information, yet delivers the message perfectly. 
In the abstract, he claims that the average American doesn’t care about the price of an asset, in this case, the dollar. Consumers just want to exchange their money for valuable goods.

“Do you, before you buy, look up what dollars are worth in Euros or Yen before you can understand the prices? No. You inherently understand the value of a dollar in terms of what you know it can buy. You are habituated to value goods and services using the dollar as a reference point,” he writes.

The same applies for vendors. He goes on explaining that vendors don’t check an external measure in order to determine the price of their goods each day:

“The natural market for any item is constrained by what options a buyer may have – substitution, a competitor, a change of lifestyle or simply doing without.These are the conditions of an organic market. Measures outside of a specific currency realm have little meaning.”

A Coin Disconnected From Fiat Currencies

After determining the problem, he continues to clarify that the cryptocurrency world has long been hoping for an asset equivalent to the problem described above. That is – a cryptocurrency that people value for it’s purchasing power. McAfee explains that the main reason why this hasn’t yet happened is because customers cannot purchase everything they need with crypto. In order to pay with crypto, users have to exchange the currency to one that the vendor accepts for what they want.

“This leaves the value of the currency, not in the hands of the users and suppliers, but in the hands of a market whose mechanisms operate through fear, greed, manipulation and the vagaries of external economic conditions,” says John McAfee.

He thinks that we need a coin that is disconnected from fiat currencies and other cryptocurrencies. Hence a coin that has no cash-in value, but everyone accepts it universally.

The McAfee Freedom Coin

The new cryptocurrency, as informs McAfee, is designed to confront the problem of exchange which he described. He goes on explaining that the Freedom Coin will use a unique paradigm and a new structural concept. The asset will have no value, hence it will always be worth zero in relation to any other currency asset. However, at the same time, its natural market value will be free. Moreover, he says that this new cryptocurrency is nothing new and definitely isn’t a technological breakthrough. However, what makes it unique is the new approach to understanding the evolution of cryptocurrency “and the mechanisms that have kept the Holy Grail of cryptocurrency – economic freedom – out of reach.”

Source:

https://mcafeefreedomcoin.com

Photo by flickr.com

Networking on a vessel: new A-list speakers announced for Coinsbank Blockchain Cruise 2019

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IBM Blockchain Director and Ajit Tirtha from ConsenSys join main conference lineup 

Despite the current situation in the market, many blockchain events are getting bigger. The main trend of the year is how blockchain technology comes to different fields of business. 2019 can already be called the “year of blockchain” – as opposed to 2018, which was the “year of the ICO”. Blockchain for enterprises and widely discussed STO will be covered on Coinsbank Blockchain Cruise 2019. IBM Blockchain Director Pietro Lanza and Ajit Tirtha from ConsenSys will have to take part in panel discussions dedicated to blockchain for enterprises topic on the vessel.

Another example of positive dynamic is the successful implementation of blockchain technologies in Grand Bahamas. Together with co-founder of PO8 technology Matthew Arnett, Grand Bahamas administrator Don G. Cornish will tell about their experience in regulations.  

During Coinsbank Blockchain cruise Ajit Tirtha, Fintech at ConsenSys will share some of his notable projects, among them, are We.Trade blockchain platform for trade finance at Deutsche Bank and  Tokenization and Blockchain Applications.

Meanwhile, IBM Blockchain Director Pietro Lanza has something to tell about his Blockchain, AI and IoT projects and he’s going to talk about supporting banks developing their digital strategies. There will be one more expert on the vessel, the co-founder of Wikipedia Dr.Larry SangerI who showed the world how to use wikis to build encyclopedias.

Earlier mentioned A-list speakers include computer scientist John McAfee, ex Wall Street trader Tone Vays and Gordon Einstein, CryptoLaw Partners. 

The Coinsbank Blockchain Cruise 2019 speakers who have been announced are CEO of Smart Valor Olga Feldmeier, Contributor at Forbes Naeem Aslam. There will be announced the complete list of panels and speeches and also will be given an introduction to the new speakers at an early date. The tickets are available via Coinsbank website.

About:

Blockchain Cruise 2019 will be held for the fourth time departing from Barcelona between June 9th-13th, docking in Rome. The global conference will take place on the majestic Oasis of the Seas by Royal Caribbean making stops in Palma de Mallorca, Marseille, and La Spezia. The event brings together decision-makers for 4 days of panel discussions, networking events and thought-provoking business talks. 

Note: This is a press-release by CoinsBank.


Bitcoin will sky-rocket by 90% in 2019, can it happen?

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Many leading economists, crypto enthusiasts, and thought leaders have expressed their opinion on whether we will see a Bitcoin price increase in 2019. We compiled some of the loudest and justified comments on the price of Bitcoin from 2019 to 2020. Some say Bitcoin will be $60,000, some that it could soar to such levels as $200,000.

Saxo Bank

They think Bitcoin will increase a lot this year. The Bank says that the Bitcoin price will rise above $60,000 in 2019! However, they also predict that the price of Bitcoin will first crash and lose more than 98% of its value!

“Bitcoin will continue to rise – and rise high – during most of 2019 but Russia and China will together engineer a crash,” Two Saxo Bank analysts say. They think it’ll crash because of new cryptocurrency regulations/laws from governments.

Mihail Lala, the founder, and CEO of Wawllet

He has a Bitcoin price prediction for 2020. Mihail thinks that Bitcoin will get to over $100,000 by 2020.

“The increase will not be proportional, as nowadays the ratio between Bitcoin, ETH and altcoins is not natural. By balancing the ratio, Bitcoin will lose a little bit of ground to ETH and altcoins, but will keep its lead on the market up to a cliff of 50,000 USD, which will be very fast pulled back, probably until the beginning of 2019. As more and more entities are building channels for regular customers, the late majority will enter the stage during the second half of 2019, which will push Bitcoin to 6 digits in 2020.”

Mihail Lala

David Garrity, the CEO at GVA Research

In a Bloomberg interview, he told that Bitcoin is going to crash as low as $5,000 this year. To say nothing of his opinion, the Bitcoin price at the moment is lower than that resting at $3,417 at the time of writing. He got that wrong, but the fact that the price saw a correction was right.

However, he believes that by the end of 2019, it will increase. He says Bitcoin will get to almost $20,000, just like we saw at the end of 2017.

John McAfee

There are also eccentric people like John McAfee (the founder of McAfee Security). He predicts that the Bitcoin price will keep increasing this year. He also said it’ll be $500,000 by 2020. However, later he came out with a tweet saying that when he first predicted the price of BTC, he used a different model, which predicted a $5,000 Bitcoin in 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 d*ck if wrong,” he says in a tweet. That’s a harsh bet, but our prediction about McAfee’s prediction is that if Bitcoin doesn’t reach $1 million, of course, he will never eat his own genetelia. However, he will refer to the actual quote, where he has never stated that BiTcoin will reach the price of one million dollars, but instead, he said BiRcoin. That would be one way how he could get out of the harsh bet.

Sonny Singh, Chief Commercial Officer of Bitpay

Sonny Singh predicts Bitcoin at $20,000 by the end of 2019
Singh agrees with Novogratz that $20,000 is a reasonable price target for Bitcoin by the end of 2019. Interestingly enough, he predicts that BTC will climb to $20,000 and will never drop below $15,000 anymore after that. 
He thinks that a new bull run will be because of the launch of products by institutional companies such as Fidelity, Bakkt, Square and BlackRock. In an interview with Bloomberg in November 2018, he said: “Next year will see new players and miners emerge in the industry. We will not see any rapid shift but by the end of Q1 or Q2, Bitcoin will emerge as a viable commodity.”

Anthony Pompliano, founder of Morgan Creek Digital Assets


His first prediction didn’t come through as he said that Bitcoin will hit $50,000 by the end of 2018. Of course, he needed to admit that his prediction was wrong. Pomp thinks we might see BTC drop to $3000 first, and says it might take until Q3 of 2019 before we see a positive trend again in the market. While this is playing out right, some believe that Bitcoin might drop even lower that that.

In a blog post, Pompliano states: “Bear markets continue to last longer — each bear market is measured from peak to trough during a prolonged drawdown period. The first bear market lasted ~160 days (2011) and the second bear market lasted ~400 days (2013-2014). The current bear market, if it follows the historical trend, is likely to continue for 650 days. If this comes to fruition, the crypto markets won’t begin recovering from the recent negative price movements until Q3 of 2019.”

Sam Doctor from Fundstrat

In 2018, two analysts from Fundstrat predicted Bitcoin to reach $36,000 by the end of 2019. They based the opinion on the growth of the mining infrastructure. Sam Doctor, Quant Strategist at Fundstrat, said that based on expected computing hash-power and breakeven cost growth of miners, Bitcoin could hit $36,000 by the end of 2019, with an upper end of $64,000 and a lower end of $20,000.

Ronnie Moas

Ronnie Moas is a cryptocurrency analyst and he predicted that Bitcoin will reach $28,000 in 2019. According to Moas, ‘institutions & the top 1% are buying as they did in the 2008 stock market crash’. In September 2018, he warned smaller investors that ‘you caught the move from $600 to $6,000… You will miss the move from $6000 to $60,000’.

Moas added that it is “sad to watch the top 1% scare the crap out of you, separating you from your BTC”. The increasing demand for and the decreasing supply of Bitcoin will cause the price of BTC to rise in 2019.

Fran Strajnar, CEO of Brave New Coin


Strajnar also expects an increase in the price of Bitcoin. He predicts it to hit $200,000 until January 1, 2020. In an interview with Inverse in 2018, he stated that “the adoption rates are continuing to be quite steady, and adoption rates heavily correlate to the price, so therefore, unless for some reason people just simply stop continuing to adopt Bitcoin, we should see $200,000 per Bitcoin by 1st January 2020 at the latest.”

Source:

https://altcointoday.com/9-industry-experts-share-future-bitcoin-price-predictions/
https://www.inverse.com/article/44619-bitcoin-price-fran-strajnar
https://www.bitdegree.org/tutorials/bitcoin-price-prediction/#Saxo_Banks_Bitcoin_Price_Prediction_The_Future_Of_Bitcoin

Photo by André François McKenzie on Unsplash

Malta Blockchain Summit 2018

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Malta is one of the world’s smallest and most densely populated countries. It has a population of 475,000 people. Also, Malta has become the worlds central hub for blockchain and cryptocurrencies. Two cryptocurrency exchange giants Binance and OKEx have announced that they are moving their offices to Malta. One of the main reasons why this is happening is because of Malta’s pro-crypto government, and especially Malta’s Prime Minister Joseph Muscat. “These blockchain operating companies don’t care about our taxation system but are coming to Malta, because of our innovative regulatory structure that will certainly be the first, and I also think the best, in the world,” he once said in a political speech in Mqabba. 

8,500 people attend the Malta Blockchain Summit

The main stage

Last week was yet another giant step by Malta towards strengthening their Crypto Capital of the World title. Malta Blockchain Summit 2018 gathered more than 8500 people! People were waiting in long queues at the registration desk. More than 400 companies were exhibiting their products and services. The venue itself was two floored, and the exhibitions were everywhere. Almost half of them were juristic stands, where attendants could find out everything about Malta’s regulations on cryptocurrencies, ICOs, exchanges and crypto companies in general. Binance had a drone which was flying around the place. Cointelegraph, Bitfury, and Blackmoon were among the most popular exhibition stands.

Joseph Muscat, the Prime Minister, was a keynote speaker and emphasized that Malta is indeed an AI innovation hub. He referred to the island as “the island of opportunity,” and talked about the great opportunities that the Distributed Ledger Technology brings to Malta.

Stefano Virgilli and John McAfee, the crypto influencer.

John McAfee, the leading crypto influencer, also was among the attendees and gave a short, but very substantial speech at the end of the conference. He spoke about poverty, wealth, wealth distribution, and the ways life has treated him. “We sit here, drinking, enjoying, and laughing. Wearing fine clothes, while 90% of the world lives in poverty. I know this because I have lived within it, and I have seen it. We live in a world where the “Haves” have everything, and the have-nots have nothing,” he said during his very influential speech.

The year of regulations

The overall feeling at the conference was pretty positive. A lot of crypto-enthusiasts were expecting this year to be the year of security tokens, but it turned out to be the year when crypto gets regulated from inside out. There were ideas that maybe we don’t need security tokens, that may be a more qualitative alternative would be utility tokens. Someone called security tokens an overhyped idea.

A lot of sarcastic talks about ICOs in general. People were expressing ideas that most of the ICOs haven’t yet delivered a working product, nor worked on developing their blockchain. Our friend Stefano Virgilli also did a presentation on the bizarre market of ICOs. He performed in a sarcastic and humorous way, in a result, the whole audience laughed for more than 10 minutes.

Raitis Kaucis and Stefano Virgilli, the CEO of VOX

The positive feeling among the attendants also displayed the overall expectations for the crypto markets for the future. Everyone understands that significant investments are coming to crypto, but at the same time they are aware that the destination for these investments won’t be tokens or altcoins in general. Venture capitalists and new investors want to invest in regulated assets, so they “can sue them.” One venture capitalist said: “I’m going to invest only when I can sue you.”

Sophia – the AI citizen from SigularityNET

Sophia – The AI citizen

Yes, Sophia also was there and yet again showed off its communication skills. We were expecting much more. She (I’m not entirely sure you can refer to a robot as a “She”) answered a lot of basic questions and sounded like basically reading from Wikipedia. We had the impression that any built-in iOS or Android alternative is at the same level of knowledge. It is basically for raising awareness for the SingularityNET project. The conversations consisted of the moderator asking “her” questions like “Tell me something about” this or that, and the robot would answer monotonically. Then he went on asking “How do you know that?”, and the robot answered in a basic way – “Because you programmed it into my start package.” Kind of funny, but at the same time, didn’t show much progression.

The Abstract

Our friend and colleague Raitis Kaucis, the founder of Gagapay, Network.Guru and Dexopay also attended it, so we naturally asked him to share some of his insights from the conference. Raitis visits a lot of cryptocurrency and blockchain conferences almost daily, all around the world. This particular conference by his words was “one of the biggest” he has ever been in. The main topics coming out of the meeting was – you (your company) have to be regulated. The preconditions are to be governed. Otherwise, you no longer can operate in the crypto-ecosystem. Consequently, Raitis told us that his companies – Gagapay, Dexopay, and Network.Guru has handed in all the paperwork and started the process of registering within the legal borders of Malta.

Raitis Kaucis, the founder of Dexopay, Gagapay and Network.Guru

Overall, a huge conference, with many industry professionals coming together, sharing ideas, experiences, meeting new business partners, registering their companies, and in general – making the future of cryptocurrencies.

Source:

https://goo.gl/ofRG53
https://goo.gl/XiaicD
https://goo.gl/TwE1NQ

Photos by Best Coin Investments and Blockchain Malta Summit 2018

Best Coin Investments is attending the Malta Blockchain Summit.

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Joseph Muscat, the prime minister of Malta is addressing the visitors saying that Malta is very open to blockchain and cryptocurrencies in general.

Stefano Virgilli and John McAfee

In Malta blockchain summit we finally got the opportunity to meet the crypto warrior John McAfee and Stefano Virgilli, the CEO of VOX. They were super excited to attend the conference.

Also, we ran into our friend and founder of Dexopay and Gagapay – Raitis Kaucis. He shared that this conference is one of the top conferences this year, as Malta has become the capital of crypto and blockchain related companies.

Raitis Kaucis

Jon Matonis, the founder of Bitcoin Foundation, is also here and will present a speech. Possibly he will speak about the development of Bitcoin.

A full review of the conference is coming soon, so stay tuned!

All photos by Best Coin Investments.

CoinsBank will host a crypto celebrity Blockchain Cruise

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During September 7 – 11, the ship will leave from Barcelona and travel across the mediterranean, visiting Monte Carlo and Italy, and later returning back to Barcelona.

This event has gained a huge recognition because of the speakers which are attending the event. They are: John McAfee, Bobby Lee, Charlie Lee, Brock Pierce, Roger Ver, Tone Vays, Travis Wright and many many more celebrities and people from media with a strong influence on cryptocurrencies in the crypto-sphere.

They will cover topics like investment and token sales – whether they’re dead or not, wether they’re risky, and in general about the truths of innovating a technology. Then they will talk about the state of blockchain, about the war between theory and practice, about real world applications for blockchain technology and how blockchain is empowering businesses and communities. The marketing of crypto-products will be discussed as well – how to merge a budget for your Blockchain project and etc. But blockchain isnt always about finance, so they are going to cover topics like – blockchain in game industries like e-sports and the evolution of it as a whole. One of the most interesting questions raised in the event agenda was – What spehere critically needs to be changed with blockchain technology? Really looking forward to that discussion.

Since the cruise will be attended by an Estonian ex-member of parliament, Taavi Roivas, one of the topics covered will be about crypto regulations in the US and abroad. Wether they’re equities or utilities etc.

And possibly the biggest set of topics is going to be about crypto in general. That is why the main title of this set is called “In Crypto we trust”. Under this segment they will discuss general things in crypto like the future of payments, scalability, trading, smart contracts, cybersecurity and about the BTC phenomenon.

Mostly it is a party and networking cruise with a few workshops and pool parties. The discussions will start at the second day when two short panel discussions will be held, and on day three there will be a large discussion panel from 9AM to 7PM with celebrity dinner afterwards.

Then on the 4thday there will be a special surprise for all the attendees. It will be a pool party with all the celebrities, BBQ, Sunset Lounge and many more for the attendees to party until the morning light. 

When it comes to prices, at the moment there is a huge discount, but only for ladies, for 495 Euros, but from this I get that there is going to be a mens only party and now the organizers just want to dilute the guys crowd with a few ladies. But for all other mortals the prices vary from 1 995 Euros for a single person in a 3 guest room to 19 995 Euros for a Gold suite. The accepted payments are fiat and crypto.

This is definitely the crypto event of the year, where you will have the great opportunity to meet all the people running the crypto-sphere nowadays and maybe even engage in a discussion with them. A great party, with great information, and since this is the third time the organizers are hosting such an event a perfection is expected.

Source:

https://coinsbank.com/cruise-europe#section-home

The bounty for hacking Bitfi has been raised to $250k

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Yesterday John McAfee tweeted that they are increasing the bounty for hacking the BitFi wallet:

“We are increasing the bounty for hacking the http://BitFi.com wallet to $250,000. The rules require you to empty the contents of a BitFi wallet that we have pre-loaded and have sent to you. You must pay for the wallet and its contents. Rules at http://BitFi.com/bounty”.

A lot of tweeters falsely claim that they have hacked the wallet, but Mr. McAfee has denied all of them.

In general this is such a great marketing and business strategy. You have to buy the wallet for $120, it will be preloaded with coins worth about $10, and you have to extract the coins and empty the wallet, only then it would be considered a successful hack. To participate you have to purchase the wallet. Genius!

Source:

https://goo.gl/ZbaQM1

John McAfee announces a 100k bounty!

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In a recent tweet published today July 24th, John McAfee announced a 100k bounty which will go to anyone who will be able to hack his new bitfi.com wallet. McAfee has called his wallet “unhackable” for quite a while, and now based on his twitter post, there has been some claims that “nothing is unhackable”. 

The tweet reads: “For all you naysayers who claim that “nothing is unhackable” & who don’t believe that my Bitfi wallet is truly the world’s first unhackable device, a $100,000 bounty goes to anyone who can hack it. Money talks, bullshit walks. Details on http://Bitfi.com”

Good luck to all the hackers who will compete in this challenge.

Source:

https://goo.gl/QbfzzG

McAfee admits he invested in Docademic

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In a recent tweet from John McAfee (@officialmcafee) he admitted that he has invested in an healthcare ICO called Docademic.

He wrote: “Yes I am an investor in Docademic. I invested as soon as I saw their groundbreaking system. But I do not need their money. I invested to help Docademic…”

Docademic has its own token – the medical token currency (MTC), and it encourages the use of the blockchain as a trustful repository for health-related information and motivates the common user to exchange their data for benefits provided by third parties. Docademic aims to make free healthcare a reality, thus becoming the first cryptocurrency to do so.

Source:

https://goo.gl/3qFycu
https://mtc.docademic.com