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John McAfee, Ripple (XRP) and the SEC

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John McAfee

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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