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John McAfee’s Comment On Verge (XVG) Leads To Massive Price Surge

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John McAfee, the founder of the McAfee antivirus gave his thoughts about various cryptocurrencies last week, including Verge (XVG), Monero and Zcash through Twitter’s microblogging platform. However, his tweet about Verge seems to have been quite weighty because the price of the altcoin ended up doubling overnight.

“I am inundated by people asking me for recommendations on cryptocurrencies. If you would use your heads you would figure out that the privacy coins (anonymous transactions) will have the greatest future. Coins like Monero (XMR), Verge (XVG), or Zcash (ZEC) cannot lose,” stated McAfee in a tweet.

The cybersecurity guru’s tweet seems to have created a big impact considering the fact that the price of Verge went up by 100 percent. It also highlights the fact that McAfee has some influence in the cryptocurrency community. He has been known to be quite vocal about cryptocurrencies and is especially biased towards digital currencies that are focused on Privacy, such as Verge, Zcash, and Monero.

Zcash and Monero are top performers in the cryptocurrency game as far as market cap is concerned. The fact that he mentioned them together with Verge seems to have encouraged a positive investor outlook on Verge. The price of the digital currency went up from $0.009367 on December 13th to $0.131282 on December 20th. Verge currently has a market cap of $1,897,663,154 and is currently holding down the 20th position in the cryptocurrency ranking.

It is interesting that McAfee believes that cryptocurrencies that focus on privacy will emerge on top in the future. Such currencies have been growing more popular but then again the future is full of uncertainty. It is also a bold claim especially considering that governments from all over the world are trying to get some degree of control over cryptocurrency transactions. This is one of the reasons why some digital coins focus on privacy.

Meanwhile, the security guru also described XVG as one of the best altcoins to purchase currently. However, he also advised investors to be careful when selecting the altcoins they want to invest in because there is a lot of risks involved. As for Verge, its recent surge was quite impressive but it is also worth noting that it also tanked slightly after that. However, investors are watching keenly to see how the digital currency will behave especially now that it has been tossed into the spotlight by McAfee.

McAfee has also talked about Bitcoin in the past and even went as far as stating that the price of bitcoin will go up to $1 million. However, a lot of people believe that that forecast might be too ambitious.

We will be updating our subscribers as soon as we know more. For the latest on XVG, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Gage Skidmore via Flickr

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How Casinos Are Embracing Cryptocurrency

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Digital currencies and blockchain technology have had an immense impact on several industries across the globe. One of the areas where this impact has been very profound is in the gambling sector – which has also been known for embracing the latest technologies. Gaming operators have always been at the frontlines when it comes to trying out new and innovative technologies all in a bid to keep their customers happy and interested.

That said, it was only a matter of time before cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin among many others made their mark in the gambling industry. All of the features that these digital currencies promise are, without a doubt, very desirable features for gamblers across the world.

The result is a mutually beneficial arrangement where digital currencies get the necessary boost to go mainstream while the gaming operators get a front-row seat as the world ushers in the new age of next-generation digital payments. Naturally, there has to be a framework for this and thankfully its already being implemented in both land-based casinos and in online gambling platforms. 

Crypto in Land-Based Casinos

Cryptocurrencies, since their conception, have always been digitized forms of payment. However, nearly everything is digitized nowadays. Still, brick-and-mortar casinos rely greatly on existing systems all…

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Reaching true Bitcoin anonymity through the use of mixers

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There used to be a time when Bitcoin transactions were considered fully-anonymous. Back then, cryptos were only getting started, and Bitcoin was pretty much the only one that was used, apart from a handful of the first altcoins that followed. However, as the crypto industry continued to develop, current blockchain analyzers were created, and it became clear that Bitcoin’s transparency also includes tracking the coins’ movement, even when you are simply withdrawing them from your exchange to your wallet.

This is why it became necessary to use Bitcoin mixers, also known as Bitcoin blenders or Bitcoin tumblers, such as BitMix.biz, in order to reach true anonymity.

What are Bitcoin mixers, and why do you need them?

Bitcoin mixers, as the name suggests, are online services that mix Bitcoins in order to disrupt their traceability.

Let’s say that you have a certain amount of BTC in your wallet on your crypto exchange of choice. With all the exchanges having to follow KYC/AML procedures, that means that you need to verify your identity, so that the exchange — and therefore, the authorities — will know exactly who you are and how much money you earned through trading and investing.

Once you withdraw those coins to your wallet, blockchain analyzers can track the transaction, and so your wallet…

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The Bitcoin Meltdown is Chance to Double Your Bitcoin

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Most of the cryptocurrency holders have never felt a day so bad.

After a blustering day of trading which saw Bitcoin price drop from $7,950 to $3,800, the massacre caused the worst sell-off to set a new 2020 low which not seen since April 2019.

The history of bitcoin only has a day in 2013 to compare a 40% fall, at that time bitcoin once dropped from $266 to $50, that was also a day when despair defeated the belief of bitcoin and almost no one could foresee bitcoin can recover and prices will reach $10,000 in a few years.

“Be fearful when others are greedy and greedy when others are fearful.” This is what Warren Buffett said about stock market and you can see the stock market never dies, it is just rise and fall happen in a different order at different times.

So it is with bitcoin. The bitcoin meltdown is a chance for a few bitcoin traders while the others are running away.

One typical way is to short bitcoin. Futures trading allows traders to make profits out of the future price difference of the derivatives. However, when during horizontal movement of prices, futures trading may gain you fewer profits to cover the possible loss of the margin.

Is there…

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