Bitcoin Dips, Ethereum Trips, and Trybe Flips EOS the Bird
John McAfee

Bitcoin Dips, Ethereum Trips, and Trybe Flips EOS the Bird

By Allen Taylor | Cryptocracy | 26 Jun 2021


In case you haven’t heard, antivirus icon and cryptocurrency pioneer John McAfee was found dead earlier this week. First, let me just say this: McAfee was a legend. Despite being a controversial whack job, his antivirus software—the one that bears his name—has been a leader in computing security for decades. Well, ever since personal computing was a thing. Secondly, he was way smarter than I’ll ever be. But his crypto legacy is a mixed bag.

Seriously, a name like McAfee, when attached to new technology, can carry a lot of weight—and it did. But McAfee’s eccentric nature did as much harm to crypto as it did good. His legacy will mostly positive, but it brings a lot of baggage. He made life interesting in the early 21st century, a hero to some and a villain to others. Too bad his story ends tragically.

john mcafee crypto

Bitcoin dipped below $30,000 and Ethereum fell below $2,000 on Tuesday this week. While ETH has bounced back above $2K each day since, it keeps falling below the $2K mark and this morning was at $1,795.82. As optimistic as many crypto fans seem to be about the market—as I am—I’m realistic enough to believe that further declines are on the way. The market will likely head south again before it goes north, but when it does go up I think we’re headed toward $100,000. On Monday, more than $1 billion fell out of the BTC market. “Rich Dad Poor Dad” author Robert Kiyosaki is preparing for the crash and readying himself to buy.

ethereum cryptocurrency

Coinbase has been approved to enter the Japanese market. In another move, the crypto exchange introduces smart contract security tools.

40 percent of Australians plan to buy crypto in 2021.

Social platform Trybe is migrating from the EOS blockchain to the Terra blockchain. As a part of that effort, the platform will airdrop LOOP tokens to Trybe members who transfer their TRYBE tokens to a predetermined Terra wallet. LOOP is Trybe’s new decentralized exchange. On June 25, Trybe members received an email with this paragraph included:

But not only that - we have also decided to migrate the TRYBE token and platform to the Terra blockchain. Terra is a fantastic chain with a thriving community, and (unlike EOS) is very well supported by the founding team. We're more than sure that you're all going to love Terra as much as we do!

Crypto crime is on the rise.

crypto crime

Is bitcoin mining about to get easier now that China has cracked down? One Coinbase blogger says the crack down isn’t all that bad.

The founders of South Africa’s largest crypto exchange, brothers Ameer and Raees Cajee, have vanished along with $3.6 billion in bitcoin. In April, they warned investors that their exchange, Africrypt, had been hacked.

Bitcoin may now have something new to worry about.

An XRP whale transfers 26 million coins from Binance.

Check out this blueprint for central bank digital currencies.

UK financial watchdog warns investors that there are more than 100 digital currency firms operating in the country illegally.

The Palestinian Monetary Authority may launch a cryptocurrency. This as the world’s central banks launch a new attack on cryptocurrencies.

Morningstar analyzes who wants crypto in their retirement plan.

If you liked this issue of Cryptocracy, do yourself a favor and subscribe. Don’t wait until doomsday. Don’t wait to pass Go and collect $200. And don’t wait for bitcoin to hit $1 million.

This post was first published at Cryptocracy. It is not intended as financial advice. I am not a financial advisor. Please consult a financial advisor before you invest your hard-earned money into crypto.

Resources

  1. https://www.cnn.com/2021/06/23/tech/john-mcafee-death/index.html
  2. https://chaintimes.com/john-mcafee-story-of-a-contentious-crypto-bull/
  3. https://cryptocurrencyfacts.com/2017/12/25/20-mcafee-coins-john-mcafees-cryptocurrency-picks/
  4. https://bitnewstoday.com/news/how-john-mcafee-became-a-prophet-of-the-crypto-market-and-still-is-good-with-this-role/
  5. https://www.bbc.com/news/technology-56300593
  6. https://cryptocoinspy.com/john-mcafee-now-charging-500000-per-tweet-next-month-its-1-million/
  7. https://coinmarketcap.com/currencies/bitcoin/historical-data/
  8. https://coinmarketcap.com/currencies/ethereum/historical-data/
  9. https://coinmarketcap.com/currencies/ethereum/
  10. https://finance.yahoo.com/news/bitcoin-leads-1-billion-24-114751412.html
  11. https://zycrypto.com/is-24000-bitcoins-next-stop-robert-kiyosaki-warns-of-impending-biggest-crash-in-world-history/
  12. https://www.coinspeaker.com/coinbase-japan-market/
  13. https://beincrypto.com/coinbase-unveils-solidify-smart-contract-security-tools/
  14. https://techbullion.com/40-of-australians-intend-to-buy-cryptocurrency-in-2021/
  15. https://loop.markets/
  16. https://cryptohead.io/research/crypto-crime/
  17. https://www.cnbc.com/2021/06/24/mining-bitcoin-could-get-easier-after-china-crypto-crackdown.html
  18. https://www.coindesk.com/3-reasons-why-chinas-bitcoin-crackdown-isnt-all-that-bad
  19. https://fortune.com/2021/06/24/bitcoin-ameer-raees-cajee-theft-south-africa/
  20. https://www.barrons.com/articles/bitcoin-investors-have-a-new-issue-to-worry-about-51624555270
  21. https://www.financemagnates.com/cryptocurrency/news/xrp-millionaire-transfers-26-million-coins-from-binance/
  22. https://www.ft.com/content/de161efa-3a27-4bfd-8dec-cbd9ac07a2ef
  23. https://coingeek.com/uk-watchdog-warns-against-over-100-unregistered-digital-currency-firms/
  24. https://news.bloomberglaw.com/banking-law/palestinian-monetary-authority-mulls-digital-currency-launch
  25. https://www.cbc.ca/news/business/bitcoin-crypto-bis-column-don-pittis-1.6076611
  26. https://www.morningstar.com/articles/1043406/who-wants-cryptocurrency-in-their-retirement-plan

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Allen Taylor
Allen Taylor

Writer, editor, publisher. Content strategist for fintech, blockchain, and crypto firms.


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