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Top Chinese crypto wallet RenrenBit supports Tron (TRX) now

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With every passing day, Tron, the 11th largest cryptocurrency at the moment keeps on establishing itself as one of the most reliable projects in the market with its continuous exciting updates and developments popping up on the sphere. The Sun-led cryptocurrency has managed to succeed in developing many partnerships throughout the year, the fact that tells us about the growing popularity of the foundation and its influence on the crypto-mania.

Being a blockchain project that has had tremendous success in the Dapps sector in recent times with the influx of tremendous amount of top-notch developers, Tron, is considered as the crypto of the near future. Just last week, Binance, the leading crypto exchange in the mania, published its in-depth Institutional-Grade report on Tron in which it acknowledged the fact that Tron’s TRX has a lot of potential for growth in the future.

It made this opinion by witnessing the company’s success in attracting top-tier developers to the platform, in the result of which 407 Dapps have been deployed on the company’s blockchain in no time (to be specific, in 200 days only).

That being said, Justin Sun and his team are working tirelessly in forging associations and collaborations with other companies and businesses to enlarge its scope and yield innovations in various sectors. For instance, it got enlisted on one of the largest crypto-exchange from Europe, Bitpanda, a couple of days ago.

The cryptocurrency making it to the exchange upon getting the highest votes in favor of the decision by the exchange’s huge user-base speaks about the influence and popularity the crypto has managed to add to its name in the crypto-sphere.

News of the Day for Tron Enthusiasts

Yesterday, Justin Sun, the creator and CEO of Tron announced on its official Twitter handle that TRX is now available for trade on a renowned Chinese crypto wallet, RenrenBit.

The CEO’s tweets read:

As one can imagine, the news brought a leap of smile amongst the community as it strengthened their beliefs over their beloved crypto and its authority’s capabilities in fulfilling their promise of providing the community a reliable and efficient experience of trading.

One Tron believer who uses the @abdurhmangamil handle on Twitter appreciated the news-bearer as follows:

Tron at the moment

With Bitcoin, the mother of all cryptos, reaching to its highest 2019 price mark ($5,5,841) after waiting patiently for 7 months, the crypto market looks good today for all the cryptos.

Besides few (lesser known) cryptos, almost all the significant cryptocurrencies in the market are trending in green. Sun-led Tron after gaining 2.36% hike in the past 24 hours, is available for trade at 0.02426. It is important to note that the current price mark is attained by the crypto after struggling for almost 10-12 days. As the crypto is predicted to be good for short-term investors in the ongoing month, the present signs of the trends are definitely in favor of the Tron.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron (TRX) sprinting towards mega success as DApps hit a new landmark

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Tron investors have every reason to smile. With each passing day Tron molds into becoming the top popular blockchains in the cryptocurrency space.

Overall, the Tron ecosystem is on the rise, has all eyes to move as high as possible in the market cap rankings. Tron founder and CEO Justin Sun with all his efforts seem to be yielding positive results as 400 dApps now have been built on Tron already.

The New dApp Milestone

While the crypto market is dealing with the stressful Bitfinex-Tether events, TRON is standing still and showing persistent progress among the top 10 cryptos.

According to Dapp Review, a website which tracks blockchains apps across different platforms, more than 400 (407 to be specific) dApps are created on Tron blockchain now.

Tron has hit the new milestone in just less than 200 days since the launch of Tron Virtual Machine – an operating system build by Tron to help in building a bigger and better ecosystem.

A day rarely passes without Tron foundation making a new development and partnership, and with having hit 400 dApps, the Sun-led blockchain is undoubtedly ticking the boxes to becoming the best crypto project in the space.

EOS within Range and Ethereum to Watch Out

Tron is running the dApp sphere show at the moment, and although it has fewer dApps than both Ethereum and EOS but with the rate at which it’s currently growing, it will be a matter of time before it takes the overall dApp bragging rights.

Currently, Tron is breathing at the back of EOS which is second with 498 dApps on its platform. Interestingly, the rate at which Tron dApps are growing is lightning compared to that of EOS suggesting that it won’t be long enough before Tron overtakes EOS.

It’s only a week ago when Justin Sun announced Tron dApps to have exceeded 300 and the fact that currently there’re 400 now already, surpassing EOS at second place looks just a breath away.

As much as Ethereum has 1700 dApps supported, it must be looking behind with fear watching the pace at which Tron is climbing the radar.

Moreover, Tron has had a series of recent achievements including the latest addition to a giant exchange Huobi Global which added Tron-based futures contracts – it became the seventh crypto added to the exchange.

Subsequently, Tron now occupies 4.5% of all USDT and still going strong each passing day. Also, there is the case of an invitation from Liverpool FC that seemed to be a possible partnership (no official announcement yet, though).

Nevertheless, Tron is maintaining a stable trend which means it will continue to grow its dApps each day, and who knows soon Ethereum may lose its dApps position once and for all.

Image courtesy of PixaBay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron Loses Grip on Reddit Community after Subreddit Takeover

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As per the critics, Justin Sun has had many marketing missteps of late. The Tesla controversy paled into comparison to the Liverpool FC mistake, and now the erratic CEO has finally gone after the community that has helped support the fledgling coin gain its quick start, showing that too much power in the hands of a few people can go disastrously wrong.

Tesla and Liverpool: The harbingers

The Tesla marketing ploy was enough to harm any company’s reputation – where a CEO announces that a ‘random’ Twitter user will receive what was pictured to be a Tesla Model S. It was announced with the 20 million dollar airdrop that was supposed to be released in March but has yet to see the light of day.

Sun deleted the tweet and selected a “random” twitter user that people found out was a bot, causing many to believe that the whole marketing stunt was just a ploy that was never intended to be honored. This caused a ripple of discontent in the community and was quickly followed up with a colossal mistake when Justin Sun prematurely announced a partnership with Liverpool FC, one of the world’s largest soccer clubs. It is a soccer club that has a worldwide fanbase in the hundreds of millions.

Having a fanbase that big comes with a lot of scrutinies and that scrutiny was aimed squarely at Sun’s announcement. A spokesperson for Liverpool FC said that there was no partnership and such marketing materials were regularly sent to companies so that Liverpool could understand their businesses and see if there was potential for any type of future partnership status.

“We do regularly engage with lots of companies to understand their business better and we have extended an invitation to Tron—along with many others. To be clear, no discussions have taken place.”

Many think it brought the good feelings in the Tron community to an all-time low and critics think that the Tron Foundation, which Sun leads, has not stopped the hapless CEO from poking his own eyes once again.

Reddit in an uproar

Communities on Reddit are a powerful thing. They can make or break many projects – reviving tv shows that are going off the air, influencing political events and even the odd media publicized witch-hunt. The point is that Reddit has become a driving force of the internet and if Reddit is unhappy with you, you had better watch out.

Last weekend, the subreddit /r/Tronix got taken over fully by the Tron Foundation and the visitors are not happy with the decision. One user claims that when Tron had mods in the mod team, they were censoring critical posts made about the GOC network. They also remove posts that put a negative spin on the Tronscan marketplace.

As per the allegations from a number of users, the incumbent mods removed the foundation affiliated mods for this purposes, but it seems that the foundation has found its way back in. All the top mod positions belong to employees of the Tron Foundation.

This has led to many people saying that they are selling off their Tron assets slowly but surely. Many have said that they will not sell all of their coins, citing the need to be diversified, but that their faith was no longer in the project and that this was the end of their active involvement as evangelists of a coin many thought would push Ethereum to the brink.

Being a neutral observer we think that Tron taking over the official Tronix subreddit is not a cool thing as a whole, but it’s not such severe issue which would force people into selling all their TRX holdings. Let’s see how things unfold.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Turkey ranks as the top European country investing in digital space

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Since the economic crisis and inflation rate (that started last year) keeps on continuing in the country with the passage of time, Bitcoin is getting more popularity in Turkey. According to the Andy Cheung, head of operations at OKEx, a renowned cryptocurrency exchange, in just a matter of one week since they provided their services in the country, over 30,000 Turkish residents have signed up with the platform.

This impressive revelation should not be perceived as a surprise, as evidently, Turkey tops the number of countries in Europe that own cryptocurrency.

According to the survey conducted by the ING Bank last year, a Dutch multinational banking group, 18% of the Turkish population owns Bitcoin. At the same time, 45% of the Turkish people indicated their plan to hold cryptocurrency for longer-terms, way more than other first world countries such as the USA, France, and Britain. The individuals from these countries responded at 21%, 17%, and 15% respectively.

Andy Cheung said,

“Turkey is without a doubt the only country that boasts of a high percentage of independent crypto-ownership in Europe and the Middle East, It has one of the most robust and promising crypto communities anywhere in the entire world”

In fact, Lira, Turkish fiat currency, accounts for 6 percent of the cryptocurrency-fiat cashflow recorded just in 2019, as we look at the data presented at the CoinMarketCap platform – making it the fifth most mainstream fiat-crypto pair globally.

Interestingly, it’s not just OKEx that has gained this massive amount of customers in Turkey, another Turkey-based crypto exchange, BtcTurk, also recorded over 30,000 new subscriptions from the local habitats this year. Ozgur Guneri, CEO of the BtcTurk, considers the country’s increasing inflation rate to be the force behind this increasing demand for giant cryptocurrency Bitcoin.

Guneri further explains about the increasing adoption of Bitcoin among Turks by presenting an example of the time when Lira plunged down by 20% against USD in a matter of one night on August 10, last year, his platform’s volume amplified by more than 100% in no time.

According to the Professor at Cornell University Emin Gun Sirer, besides the country’s weakening economy and wavering condition of the national fiat currency, Lira, one other aspect also plays a huge role in the adoption of Bitcoin. He believes that as the country has a higher proportion of youth population as compared to other European countries and they are more inclined towards modern day’s technology, so today’s culture has rapidly lean in favor of the cryptocurrency.

Furthermore, according to his observation, Turks are relatively more attracted to financial schemes with high-margins. It seems that the digital sphere has a number of attractive factors that convince Turks to invest in the industry.

As for Erdogan, the President of Turkey, his administration has not made crypto trading illegal in the country. That being said, he has been seen making arguments in front of his people many times that instead of converting dollar into Bitcoin they should consider the nation’s fiat, Lira. Even the State’s religious authority, Diyanet, also dictated that trading in cryptocurrency is forbidden for Muslims.

As for the Turkish people, they seem to enjoy their right to freedom in making their own decisions. It’s not that they are not aware of the digital space’s pros and cons, they are also mindful of the government’s unreliable policies (if there are) as well as the current situation of their national currency.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Bitrue and Ripple’s XRP Tipbot join forces

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XRP Tip Bot is a compelling use case for Ripple’s XRP currency that has nothing to do with banks, international remittances, or any of the things that we usually think of when we talk about Ripple and XRP.

It’s a bot, which is geek parlance for a robot. In other words, it’s a bit of code that allows people to send XRP tokens in Twitter, Reddit and Discord through comments. The idea is elementary. If you like a tweet or a comment you see in Reddit, Twitter or Discord and you want to show the author a little appreciation, you just use your xrptipbot to send him a message that also includes some of Ripple’s digital asset. So it’s a robot that is useful to send xrp tips. It’s all in the name.

If you want to use the bot, all you need is to own an account in any of the social media compatible with the service, to have some xrp coins in your tip bot account, and that’s it, you’re good to go.

Bitrue is a different animal. It’s a fully fledged cryptocurrency exchange that supports many of the digital assets available in the world. It’s big, powerful, safe, and it has an excellent reputation.

And now, both projects are creating a partnership that will them both using the other’s technology to make each other more useful.

If you trade at Bitrue, you can, of course, have some XRP’s tokens, but you can also have Bitcoin, Ethereum and many other cryptocurrencies. Even if you arrive owning only bitcoins, the platform will allow you to trade some or all of them for any other cryptocurrency of your choice.

The exciting thing is that Xrptipbot will take advantage of Bitrue’s advanced technology and integrate it into the bot. The result is that you will be able to send and receive cryptocurrencies in many other digital denominations besides XRP.

It’s not clear so far which coins will be supported from the get-go. But it would be a safe bet that at least Bitcoin and Ethereum will be on that list, but it could be any coin in the top 10 by market capitalization, at least.

So should xrptipbot change its name now? We don’t know; we don’t think so. It’s earned a reputation as a brand already so it should probably keep its original name even if it is not linked any longer with XRP exclusively.

This is excellent news for the crypto verse at large. It may seem like too simple an application or a use case. But this is how mass adoption can be achieved passively. Simple problems in which cryptocurrencies make a difference that fiat can’t. You could never send a tip using USD or any other fiat currency through a Twitter message and expect the operation to be completed in seconds.

We salute this new collaboration, and we hope that this example will inspire many other developers to create many more nice pieces of software that can apply the power of the blockchain and cryptocurrencies to solve problems that seem, but that makes a difference in every day of internet users.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Leading US Bitcoin ATM operator partners with Tron to list USDT tokens

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Tron (TRX) is widely regarded as one of the fastest growing blockchain networks in the world. The Sun-led team keeps working intensely to expand its network, drawing interest from new partners across the globe.

Yesterday, CoinFlip – a leading Bitcoin ATM operator in the U.S announced that it will be listing USDT tokens, powered by Tron in more than 180 CoinFlip ATMs across the world.

CoinFlip has been serving the U.S for quite some time now. The crypto service company boasts of the next generation ATMs that make the buying and selling of cryptocurrencies easy, with also the aim of giving its end users the best experience when converting fiat currencies to cryptocurrencies. It is also worth noting that CoinFlip ATMs give solutions to one of the leading issues in the traditional exchanges, which is the complexity of the onboarding process.

So, now USDT tokens can be made available to anyone that uses CoinFlip ATMs around the world. Stablecoins have the ability to change millions of lives in developed and developing countries, due to the fact that the sending of remittances through middlemen like Western Union can be averted and transactions can be made swift. Hence, CoinFlip is making sure migrant workers can make transactions without any trouble.

Additionally, CoinFlip ATMs support not just TRX or USDT tokens alone, but tokens like Etherum (ETH), Litecoin (LTC), Komodo, and Dash.

Making transactions through these ATMs is at a very low fee. Also, CoinFlip’s ATMs offer the best rates. For instance, the rate for Bitcoin purchase is at 6.99% and above and sells at 3.99% below the Tradeblock XBX index spot.

What’s next for TRON and USDT?

The new partnership with CoinFlip is a big boost for Tron’s USDT. And, the CEO of Tron Justin Sun recently shared what’s next for USDT.

A stablecoin like Tron’s USDT can make transactions easy, quick, and very cost-effective. The stablecoin on Tron network will support Smart Contracts and introduce new privacy options. Justin Sun stated:

“We’re getting lots of interest from these institutional investors. I think we’ll do everything to fulfill their requests because when the institutional investor gets into this industry they have lots of requests. Lots of institutions don’t want people to know they’re buying cryptocurrencies. They don’t want people to know their accounts or how much money is in their accounts.”

Sun hinted before the CoinFlip partnership that he plans to make sure cross-border payments for consumers become easy and he is on course right now. The Tron CEO also have in mind to partner with Ethereum Developers from Loom Network and get a scalability solution for Tron network.

Dapp Success Helps TRON (TRX) Surge in Value

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Binance Research, the crypto trading research arm of Binance, has revealed that Tron is going to have substantial growth ahead. The interest shown in the currency has surged recently, and the number of dapps has risen tremendously, to 402 in total. This puts Tron ahead of Ethereum and EOS and positions it as the ‘de facto’ leader in dapps.

Adding its stable position in the top 10 cryptocurrencies by market cap, it has been drawing the attention of a lot of traders in recent weeks. Binance Research showed that the last 24 hours of trading had shown Tron TRX to be the most influential cryptocurrency with the largest number of users.  This is all due to it being used for a wide variety of purposes.

Variety is key to TRX use cases

TRX currently has over 100 million transactions that are being used for a wide variety of purposes. One important use it the provisioning of services via the Tron network as in the tweet above. TRONBet is the most active dapp on the Tron market right now, and the services are all provision via the Tron network using TRX. There is also the execution of small smart contracts and the issuance of TRX tokens.

In short, Tron is being used for more and more reasons and not as a normal cryptocurrency only. It has managed to shift the goalposts more in its short time than Ethereum has since 2015. The reason Tron has been able to do this is because of the hard work of the CEO in securing meaningful partnerships and eyeing smart mergers. The BitTorrent acquisition was seen as a phenomenal coup for the company by everyone involved in the industry. It will change the way numbers are reported by order of magnitude.

BitTorrent and Stablecoins change the game

Once BitTorrent and its BTT token are on the network, Tron will have a userbase int he hundreds of millions. This will give the company a reach that no other cryptocurrency currently has. It will also cement its place as the go-to blockchain for the entertainment industry. Having sewn up gaming dapps with its negligible transaction fees and fast network, and now the entertainment industry with BitTorrent, the only way forward is getting a regular means of payment between various actors in its network.

Pursuant to that ideology of getting talent paid, it has shifted the focus it has with regards to cryptocurrencies. Tron is now backing more and more stablecoins. The first stable coin to partner with Tron and merge with the Tron mainnet is Tether USDT. The dollar backed stablecoin will allow Tron users to deal with a fiat backed crypto that is tangibly valued. This will allow its soon to be massive userbase an easy way to get paid in real life as well as in the network.

However, the USDT swap has been going slower than initially expected, and the airdrop that was announced has been moved to May the 7th. Exchanges asked for more time to swap the coins so that they are ready when the airdrop finally hits.

Finally, security is being tightened, and this is giving a lot of users and traders more confidence in the long term success of the network. A blockchain startup called swarm is providing these security services and the result according to industry experts is a much more secure Tron.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Bitcoin ownership in the US improved dramatically since 2017 despite the crypto winter

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Recent research has shown that the giant crypto, Bitcoin (BTC), is now more understood as well as accepted by Americans than it was during the 2017 bull market. Surprised? Data doesn’t lie.

A survey conducted online by The Harris Poll on behalf of Blockchain Capital asked a series of questions among 2,029 American adults from April 23-25, 2019. The recent study happened to be the follow up to a similar survey that was conducted in October 2017 during which the prices were on the rise and the market sentiment in overall was completely different.

The Cure Spreading Across the US

The survey was divided into different categories, and the first category was asking the participants whether they had heard of BTC. Interestingly, a whopping 89% were positive that they heard about it which was 11% more than the previous research which recorded 77%.

What makes it even more interesting is the fact that there is a massive difference in terms of the timeline the tests were made. Precisely, Bitcoin was up more than 800% in 2017 whereas the recent survey was conducted in a bear market with the price down roughly by 75% from the all-time high.

Familiarity

Another key aspect that was tested is the familiarity of the crypto giant. The participants were given a series of responses to the question of how familiar they were with bitcoin among them being: never heard of it, heard of it but not familiar, somewhat familiar, very familiar, and I own or have owned bitcoin.

Those at least somewhat familiar increased from 30 percent in 2017 to 43 percent in the recent research. Those aged 18-34 were represented with 60% as those somewhat familiar which is an increase from 42% in 2017.

Perception

The next aspect was about those who either strongly or somewhat agree to the fact that bitcoin indeed is a positive innovation in financial technology. Also, there was an increase as 43% of them agreed, an increase from 34% in October 2017. The younger demographics had a more positive view about bitcoin which may suggest an increased future adoption of bitcoin.

Conviction

33% of people strongly or somewhat agree that in the next 10 years most people will be using bitcoin. The number represents an increase from 28% who had a similar feel in 2017.

Besides, it’s still the younger demographics with the most conviction in the adoption.

Propensity to Purchase

Despite the bear market, those that indicated to be very or somewhat likely to purchase Bitcoin (BTC) in the next 5 years rose from 19% in 2017 to 27% in April 2019.

The individuals aged 18-34 are 42% more inclined to purchase with others showing preference of bitcoin to government bonds or stocks in the future.

In total, 11% of the US population owns bitcoin which includes 20% aged 18-34 and 15% aged 35-44.

Younger Generation Championing the Revolution

The survey clearly indicates that the ‘younger’ generation has more knowledge of being familiar with or accepting bitcoin.

In fact, Bogart himself states that bitcoin is a demographic mega-trend with younger demographics leading in almost all aspects regarding awareness, perception, familiarity, propensity to purchase, conviction and ownership. All the same, it looks like the crypto world is slowly but steadily gaining adoption, and who knows what the next 10 years has in store for us?

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Multi-chain Project Ontology to Emanate 100 Million PAX on its Blockchain

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Last Friday, Ontology, a Singapore-based public blockchain that supports collaboration amongst chain networks with its various protocol groups, made its plan public about the launching of the Paxos Standard (PAX), a digital currency that is backed 1:1 with U.S dollars, on its blockchain.

Through this partnership, Ontology plans to explore the application layout on Decentralized Finance, another partner project of the blockchain, beyond exchanges. According to the announcement, the launch of the PAX token on Ontology is set to take place next month, in May 2019.

Per the official announcement, the resultant token of the Ontology and Paxos collaboration will be based on Ontology’s OEP-4 token standard, and it will continue to keep PAX as its ticker. The firm plans to launch 100 million PAX (initially to meet demand) onto the Ontology network. The newly launched token will be beneficial for individuals as well as businesses that are using Ontology’s Token (ONT) to rely on fiat currencies.

The release notes,

“PAX will enable atomic swaps between the Ontology-based main blockchain and blockchain network and make it easier for individuals and institutional partners to do business pegged to fiat in the Ontology ecosystem.”

It is worth noting that Paxos Standard was launched in September last year after the New York Department of Financial Services (NYDFS) sanctioned Paxos Trus Company for a stable-coin, pegged to the U.S dollars. The currently available PAX token is based on the Ethereum’s blockchain as an ERC-20 token.

The token is already supported by a large number of exchanges as well as ensures open auditing by top tier auditing firms monthly, to ensure the safety of all of its deposits being kept at the registered, insured banks in the country.

As one can imagine, Rich Teo, Co-Founder and Head of Asia for Paxos Trust, seemed enthusiastic about this partnership as the outcome would undoubtedly help them with their vision of transforming the digital currencies with advanced innovation.

 “This news shows how PAX can continue to meet the ever-changing needs of digital asset communities and Paxos’ dedication to advancing innovation in virtual currencies”.

Talking about the partnership, Co-Founder of the Ontology Network, Andy Ji stated that although Paxos has permitted Ontology to launch PAX on the network’s blockchain, still the firm will be responsible for the KYC (Know Your Customer) process and U.S dollar transactional dealings. In his words:

“The launch of PAX on the Ontology blockchain will greatly accelerate real business applications on Ontology, create more success stories of traditional businesses shifting to distributed businesses, and provide enterprise partners and institutional investors with a regulated, reliable, and safe gateway to the world of digital assets.”

At the time of writing this piece, according to the CoinMarketCap, Paxos Standard Token is available for trade at 1.01 USD having a market capitalization of $155.073 million and is ranked at 44th spot among all the cryptocurrencies.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

John McAfee and Satoshi’s true identity

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McAfee

John McAfee is a very successful technological businessman who also has something of a reputation as a Maverick. He founded the company that bears his name, and that was a pioneering force in digital security. He’s smart, colorful, controversial, rich, and he likes to speak when he feels like it, using his Twitter account from his home at the Bahamas.

The new fork in the Bitcoin Cash project was very annoying for Mr. McAfee. Bitcoin Cash became two different blockchains. One is Bitcoin Cash ABC (which recovered pretty quickly from the split and has been performing reasonably well in the market) and Bitcoin SV (SV stand’s for Satoshi’s vision) which has been an unmitigated disaster.

Craig Wright

Bitcoin Cash Satoshi’s Vision is named like that because it came to life because of Craig Wright’s influence within the Bitcoin Cash community. This is the man who’s claimed to be none other than Satoshi Nakamoto, the man behind Bitcoin and the cryptocurrency revolution.

While most cryptonauts (as far as we can tell, there’s no hard data on this) are more than skeptic about Mr. Wright’s claims, there is a small number of people in the world who actually take Mr. Wright at face value. That’s given him quite a bit of prestige and influence in certain circles, and this annoys the hell out of John McAfee.

Mr. McAfee has used his Twitter account to express his discontent. He says that he personally knows who Satoshi Nakamoto is. The hacking expert is sick of scammers trying to hijack Nakamoto’s name and merits and using them to deteriorate the cryptosphere as a whole.

He’s got a particular beef to pick with Wright as he said in a tweet. He believes that the alleged Satoshi’s enhanced reputation is the only reason that he was able to come up with BSV which is a “scam that hurt us all.”

So he decided to do something about it: to push things so that Satoshi Nakamoto finally comes forward and reveals himself.

For several days he started offering clues about Satoshi’s real identity so that his true identity can be narrowed down or so that he stops hiding. So what do we know so far? He’s not the CIA, or any agency, or any of the world’s governments.

While that seems a silly thing to clarify, it’s the notion of choice for conspiracy theorists. He lives in the USA. There is no single man behind the development of Bitcoin’s network and launch, but it was instead done by a group of people. But the Bitcoin whitepaper has only one author.

And that’s as much as we know from Mr. McAfee. And then the manure hit the fan.

Further suspense

It turned out that Mr. McAfee is wanted by the IRS because of tax-related problems. Since he lives in the Bahamas, he could face an extradition process if the American government wants him badly enough. That hasn’t happened yet, but as the tycoon’s lawyers advised him that keeping up the Satoshi things could only complicate his legal status, he’s desisted from telling us all who the Bitcoin creator really is. At least for the time being. You can actually read the letter from the lawyer (Mario A. Gray, an expert in extradition processes) at the Twitter account in question.

So when will we find out who Nakamoto is? We have no idea. But it seems we could learn his identity before we expected.

Disclaimer: Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.