Daily Crypto NewsEDITION #246, 24 June 2021

McAfee will never update again

Hey #Moni Maker 🎸

Today, in 1990, the last concert of Viktor Tsoi and the Kino group took place. Victor wanted a change. He sang about the cuckoo and the Sun. Nowadays, his Kino group is popular not in Russia only, but in Europe and USA among doomers.

The best mood for the currecnt market. Digest? Yes, Digest!

John McAfee, the creator of McAfee antivirus software, was found dead in his jail cell near Barcelona in an apparent suicide Wednesday, hours after a Spanish court approved his extradition to the United States to face tax charges punishable by decades in prison, authorities said.

The eccentric cryptocurrency promoter and tax opponent whose history of legal troubles spanned from Tennessee to Central America to the Caribbean was discovered at the Brians 2 penitentiary in northeastern Spain. Security personnel tried to revive him, but the jail’s medical team finally certified his death, a statement from the regional Catalan government said.

“A judicial delegation has arrived to investigate the causes of death,” it said, adding that “everything points to death by suicide.”

So what?

There are many theories. Someone claims that the old man McAfee knew too much, so he was killed. Others suggest that this is all a performance, and John bought himself a new identity.

Be that as it may, we will not know for sure in the coming years. And if we find out, then they will kill us. And we want to live. Then Press F, John. You are a swindler, drug addict and alcoholic, but an interesting person, albeit odious.

Rest in peace! Hopefully hell won't force you to eat your dick.

The focus on Bitcoin’s ability to aid scams continues to gather attention after the crypto emerged among the top payment methods used in fraud transactions in Australia.

Data compiled by cryptocurrency trading simulator Crypto Parrot shows that in 2020, scams involving Bitcoin payments ranked in the second spot with a value of AUD 26.65 million.

The crypto trailed bank payments which had a value of AUD 97.65 million. The figure was at least 3.7 times more than Bitcoin payments. Cash emerged fourth at AUD 8.57 million, followed by credit card at AUD 8.1 million.

So what?

:)

Japan’s top financial regulator, the Financial Services Agency (FSA), announced last week that it has registered Coinbase as a crypto exchange service provider based on the revised Fund Settlement Act.

According to the FSA, Coinbase is approved to trade bitcoin (BTC), bitcoin cash (BCH), ether (ETH), stellar lumen (XLM), and litecoin (LTC).

The approved entity is a Japanese subsidiary of Coinbase Global, a Nasdaq-listed company.

Coinbase unveiled its plan to enter the Japanese crypto market back in 2018. The company said at the time that it would be “working hand-in-hand with the Japanese FSA to ensure compliance with local laws at every stage.”

So what?

The Asian market of a healthy person. Well, you understand :)

Bitmain has decided to hit the brakes on sales of its crypto mining rigs in a bid to shore up prices adversely affected by the outcome of China’s actions against local miners.

According to a report by Bloomberg on Wednesday, the Beijing mining giant’s decision comes as top-tier rigs have shed their value by about 75% since April.

Delaying further sales could be seen as a way for Bitmain to shield both itself and mining clients from falling prices.

So what?

Do you know an English proverb? When a miner is prohibited from mining on a video card, he takes a hard drive.

We just invented it ourselves. But the parallels are clear.

Meet some notes from Tony B, with whom we recently streamed. Check it! (RUSSIAN!)

DEVIATION FROM 11-YEAR TREND

Bitcoin is currently trading 36% below its 11-year exponential trend. Bitcoin has only spent 20.3% of its history as far under trend valuation.

At the recent peak, it went just a touch over trend value. As you can see, past peaks were many multiples of trend value.

Ponzi Scheme — is a pyramid scheme. For example, Bitconnect was a ponzi scheme.

And more you can find in our Glossary!

And you...buy Bitcoin! 😉 (it's a good time!)