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McAfee Coin: John McAfee, to launch his ‘very own’ crypto coin

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McAfee coin

One of the particularities of the crypto sphere is that in many cases it is moved by the opinions of experts of the industry, people that generally are associated with the finance world and have a strong influence in the community. The views of these figures in several occasions lead to a reaction of the cryptocurrency users, which at large end up either favoring or causing harm to a particular coin.

In this matter, one of that figure without a doubt is John McAfee, the businessman behind the McAfee company, an organization providing cybersecurity solutions for the industry since 1987. Mr. McAfee is not affiliated to the McAfee antivirus by any means now, though.

John is characterized being an active influencer in the crypto world, who even widely benefits specific coins in the industry by just commenting his thoughts on them over his Twitter account. There are speculations that McAfee has managed to make changes in the industry of more than 100,000 USD, the fact that proofs how influential he is for the crypto world.

In this sense, it all seems to the point that Mr. McAfee is not planning to change its presence in the virtual coin market, in fact, he recently gave declarations on his Twitter account stating that in 26 (24 now) days the sector would see the launch of his coin.

It’s predicted this coin would be actually printed so that it will be a physical asset in the form of fiat but backed in crypto. Let’s see how it goes!

The McAfee crypto backed currency

A couple of ago McAfee published on his Twitter account the first clues on what it will be the coin he will launch in 26 (again, that means 24 now) days. Although he didn’t share that much of a detail, he said,

Even with the short description, McAfee accomplished to seek our attention already, and the truth is several expectations are now put on the project. Counting on his influence in the industry we cannot be less than sure this will be an important invention for the crypto sector.

Just recently, McAfee sent out another Tweet in which he gave an interview to Crypto-News.in to explain a little further how will the coin work, but he specified that the community would have to wait until the 25th of June to get all the details of the project.

The initial idea how McAfee Coin is going to work

In an exclusive interview to the Crypto-News.in, the 72-year-old businessman said,

“A coin identifier or list of coin identifiers is distributed with the note as a separate, collectible document – a paper wallet. It is expected that this paper wallet will be then stored in a different location from the note. None of the coins are initially “activated” however.”

McAfee further continued,

“Coins become activated if and when a note holder chooses to “convert” his or her Fiat note through a process of reverting the note(s), through the mail or other means, to the MRU Foundation – the organization responsible for archiving and caring for the physical notes. There may be a processing fee for conversion.”

With this, we have a clear perspective that John McAfee is very committed to the crypto industry and its development.

In fact, not so long ago, McAfee, the crypto dad (yes, that’s how people call him now), tweeted a video in which he notes his message regarding the war between banks and cryptos.

As per the tweet, he called on the community to require banks the possibility to buy cryptos using their platforms; the fact that he suggested should come along with a threat of switching to other banks on the contrary case.

Conclusion

As McAfee himself published, we will all have to wait until next June 25th to get the final details, but for this moment the project looks bright and exciting. If it all goes as expected this will be another success for the nick-named crypto dad. So stay tuned!

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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 Wikipedia Commons

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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