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March 2021

John McAfee Says He Will Reveal Who Satoshi Nakamoto Is

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John McAfee

John McAfee

According to a Bloomberg report, notorious crypto enthusiast and antivirus software maker, John McAfee, claims to have spoken with Bitcoin creator Satoshi Nakamoto. Further, he says he will reveal this person’s identity.

John McAfee Claims to Know Satoshi Nakamoto

When this reveal will be, however, remains unclear, despite McAfee initially telling Bloomberg he would expose Nakamoto “within a week.” McAfee said yesterday that the controversy his announcement would bring could damage his efforts to fight extradition to the US. Saying in a Twitter post:

“Releasing the identity of Satoshi at this time could influence the trial and risk my extradition […] I cannot risk that. I’ll wait.”

But in speaking to Bloomberg, McAfee said the following:

“I’ve spoken with him, and he is not a happy camper about my attempt to out him.”

However, it remains skeptical whether his claim is true—so many others have attempted to track down the Bitcoin pioneer and failed.

Satoshi Nakamoto

Satoshi Nakamoto is the pseudonym given to the person or people who created Bitcoin and spawned an entire currency. There have been multiple theories as to who the creator of the digital coin is, with each one causing hot debate. No one who has come forward with a suggestion has ever been able to prove it and theories are often quickly discredited. The mystery has gone so far as to suggest Tesla CEO Elon Musk is Satoshi Nakamoto—something he himself quickly denied.

Other claimants include Bitcoin SV founder Craig Wright and Ethereum co-founder Vitalik Buterin.

All we know is if McAfee’s claim is true, then Nakamoto is a man living in the US.

>> Bitcoin Price Surges to a New 2019 High: $5,600 and Climbing

Trust McAfee

In speaking to Bloomberg, McAfee reminded people that he has spent a lifetime tracking down hackers, meaning he is well capable of tracking down Nakamoto.

“People forget that I am a technologist […] I am one of the best,” he furthered.

What do you think? Do you believe McAfee?

Featured Image: DepositPhotos © photoagents

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Bitcoin Sinks to Five-Month Low Following Zuckerberg Testimony

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Bitcoin

Bitcoin

Bitcoin has dropped to a five-month low of $7,435 USD following Facebook CEO Mark Zuckerberg’s testimony before Congress in defense of the planned stablecoin Libra.

The world’s largest cryptocurrency fell as much as 9% to its lowest levels since June, as Zuckerberg was grilled by congressional representatives before a sitting of the House Financial Services Committee. Bitcoin has been caught in a range of $8,500 to $7,850 since the end of September; however, analysts were expecting a bullish end to today’s decline as technical charts showed signs of seller exhaustion. This did not come to fruition, however, as a large, long squeeze led to long holders loosening their position.

Today’s drop in value for Bitcoin comes at a time when regulatory scrutiny drags down crypto values across the board. Jeff Dorman, Chief Investment Officer at Arca, described the sell-off as “a continuation of the themes that have been plaguing crypto for the past few months — increased regulatory scrutiny.” He added that the losses were further compounded by “a lack of positive catalysts” along with low trading volumes.

However, Zuckerberg’s appearance in Congress may not be the only factor hurting Bitcoin today. Brian Kelly, CEO of BCKM, believes that hedge funds were buying up BTC as a hedge to Brexit, which was due to take place on October 31, but it now appears that a delay until the new year is the likely outcome. As a result, those funds are now offloading BTC, which is having negative price implications, according to Kelly.

>> Libra Will Not Hit the Market Without US Approval, Says Zuckerberg

Facebook’s move into cryptocurrencies has put digital coins in the spotlight of regulators across the globe. Former Latvian Prime Minister and incumbent Vice President of the European Commission Valdis Dombrovskis said the EU must take a common approach to regulate cryptocurrencies, an approach that will have Libra and Bitcoin at its forefront. He said that it is vital that these regulations address issues such as unfair competition, security, and threats to the economic stability and sovereignty of the EU’s member states.

Featured Image: DepositPhotos © ulchik74

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Slim Chance of Bitcoin (BTC) Hitting $20,000 USD By End of Year

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Bitcoin

Bitcoin

There is only a 7% chance that Bitcoin will surpass the $20,000 USD valuation milestone by the end of 2019, according to data published by Skew.

It’s been a pretty hectic year for BTC, which has seen its value swing from around the $3,800 USD mark at the beginning of the year to as high as nearly $13,000 USD in July. The summer months have seen the wildest fluctuations, with valuation jumping over 20% in the space of a few days. The $10,000 USD mark is seen as a major psychological milestone for the cryptocurrency, as is $20,000 USD, which we may see BTC hit at some point in the near future.

However, October promises to be a watershed moment as the US Securities and Exchanges Commission (SEC) is set to announce its decision on whether or not it has approved three Bitcoin Exchange-Traded Fund applications. Interestingly, Skew’s report is more pessimistic than many others with crypto trader and analyst Murad Mahmudov tweeting ~10K is the new ~6K, but instead of breaking down it will hold and start grinding UP. You heard it here first.” Bitcoin’s market dominance hit new highs last week, so perhaps this optimism is justified.

>> Telegram’s 300 Million Users May Be Able to Trade Cryptocurrency

Another, considerably more bullish outlook for BTC came from Pantera Capital CEO Dan Morehead, who said in July, “[Our forecast] put Bitcoin at $42,000 at the end of 2019, which I know sounds crazy but essentially, we’re halfway back there. It’s right on the trend line, and I think it’s a good shot that by the end of the year, we hit that.” While that does sound like a very optimistic view, and very at odds with Skew’s outlook, BTC value is prone to some big surprises, and so it does not look beyond the realms of possibility.

The closest BTC has come to the $20,000 USD milestone was in December 2017 when it reached $19,345, and we’re all well aware of the crash that followed. While all of these assessments are just essentially well-informed speculation, BTC remains highly susceptible to volatility. Where do you see Bitcoin going by the end of the year?

Featured image: DepositPhotos © spaxiax

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NetCents Powers Purchase Potential with 40th Partner Agreement Signed

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Vancouver, British Columbia–(Newsfile Corp. – September 18, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”). Accelerating its pace for market adoption and integration, NetCents has signed its 40th partnership agreement.

Following on the heels of NetCents’ 20th partner announcement in February, NetCents is pleased to announce the signing of its 40th partnership agreement. A doubling of its partners in such a short period of time reflects the Company’s aggressive trajectory to accelerate partner growth and keep pace with merchant adoption of cryptocurrency. This growth demonstrates the increased willingness of merchants to offer their customer bases alternatives to traditional payment methods by incorporating the NetCents cryptocurrency solution online, in-store, and integrated into their POS systems.

“This accelerated partner growth continues to validate our business model and the future of the Company,” stated Clayton Moore, Founder, and CEO of NetCents Technology. “Whereas in 2018 and early 2019, we needed to actively sell our partners on the advantages of NetCents, we are now having major players in the payments space actively seek us out to allow them to offer cryptocurrency by embedding our Merchant Gateway within their technology, providing merchants a seamless experience and onboarding process for cryptocurrency payments.”

Through these partners including Merchant Gateways, Payment Processors, ISO’s, Terminal Manufacturers, ISO’s, and ISV’s, the Company has embedded its cryptocurrency merchant gateway technology within all major traditional payment sectors. This integration provides the Company with the key competitive market advantage of being the default cryptocurrency payment provider for merchants.

The Company’s Partners allows NetCents to access millions of merchants, hundreds of new partners, millions of users, and a sales force of thousands of agents who actively sell the NetCents cryptocurrency Merchant Gateway to their existing merchant base daily.

“We are already seeing the early success of our partner strategy come to fruition,” added Mr. Moore. “The Company has experienced an average 95% monthly increase in merchant signups since May in addition to an average of 39% increase in processing volume every month since February.”

To augment the Company’s Partnership Program, the Company has begun its Merchant Acquisition Plan (M.A.P.). The Company has brought in industry-leading veterans to develop, launch, and manage M.A.P. The goal of M.A.P. is to add 15-enterprise merchants that process over USD 20 million per year in sales with a monthly baseline of $100,000 cryptocurrency transactions.

The team advancing M.A.P. analyzes of tens of thousands of businesses across North America, Europe, and Australia ranking them against a scoring system, personalizing their outreach message by business or vertical, and launching an educational content program on their respective market trends and NetCents’ products and programs.

While the program launched less than a week ago, 287 merchants who fit the selection criteria have been outreached to with an initial 26% engagement rate. The campaign will continue to run through March 2020 with an additional 100 – 300 merchants added to the outreach queue weekly.

By continuing to drive mainstream interest and adoption via a multi-pronged approach, while increasing market and merchant share, cryptocurrency as a viable payment option is within reach.

About NetCents

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N), the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations at investor@net-cents.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Please See Disclaimer

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