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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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