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John McAfee, Ripple (XRP) and the SEC

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John McAfee
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Known for his well-timed predictions (and their explosive results) within the cryptocurrency community, John McAfee is in the headlines again, going underground as the Securities and Exchange Commission (SEC) attempts to silence his voice. A vocal critic of the SEC, McAfee has taken to Twitter to update his followers on current developments as the SEC has allegedly infiltrated his property, disturbing McAffee’s peace and forcing the hand of a man most famously known for his wild Bitcoin predictions.

Perhaps the most vocal and angry critic of the SEC, McAfee has spoken out numerous times concerning the commission’s actions to destroy value in the market. Now, with an increase in suspicious activity happening around his home in Tennessee, his twitter feed has lit up with the dramatic unfolding of this newest dilemma. With the entire story unfolding via social media, we need to look no further than Twitter and Youtube for updates. The official story, however, has been told by Rob Loggia on his increasingly popular website.

While easily passed off as paranoid by the mainstream media, McAfee’s security detail sees current developments differently. As an example, Jimmy Watson, a former Navy Seal hired by McAfee for protection has stated,

“All of my instincts point in one direction. We’ve had a white single-engine plane circle the property at low altitude for almost an hour. It has visited us several times. That’s not normal.”

Other abnormal instances include vehicles with passengers trying to obscure their faces as they take off at high speed, and apparent human activity leaving traces in the tall grass surrounding McAfee’s home. Needless to say, McAffee has felt it necessary to leave the safety of his cul de sac, and reveal his truths from an undisclosed location, traveling via armed motorcade.

While there is no direct connection to the recent visits and the SEC, McAfee is again speaking out against the commission and its overwhelming intrusions into our civil liberties. Having been targeted by the commission in the past, McAfee believes it is them making life difficult once again.

The SEC has made headlines recently with their meddling into the affairs of a few big-name cryptocurrencies. Ripple (XRP) has now been targeted and is quickly mounting a defense (or at least creating a new logo) to distance the currency (XRP) from Ripple the company. The SEC is waiting to make up its mind as what truly constitutes a security in the crypto-universe, and the fate of Ripple’s (XRP) value is again held in limbo to the consternation of hodlers across the market.

While the SEC intrusion makes waves through the daily headlines of our favorite crypto news sites, its decision (either way) speaks volumes to McAfee’s discussion on the commission’s overreach. And while the verdict is yet to officially come out, the damage is being done in front of our eyes, as the SEC once again affects the value of Ripple (XRP) and the market as a whole.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Gage Skidmore via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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