John McAfee Prepares to Release “McAfee Coin”
John McAfee said that he will launch his own currency called the “McAfee Coin”. The businessman wrote his announcement on Twitter responding to a tweet of SmartPayMINT, an online store selling Ledger wallets and other goods related to cryptocurrency. “McAfee Coin” will be a collectible fiat currency, writes McAfee, backed by crypto. This is " the reverse of what banks are attempting", the businessman believes.
. @SmartPayMINT sent this. What's odd is that tomorrow night I am going to make an announcement of the new "McAfee Coin", based on a radical new concept: Fiat currencies (collectible) backed by crypto - the reverse of what banks are attempting. Seriously. pic.twitter.com/3uTHHKG18M— John McAfee (@officialmcafee) May 29, 2018
Ethereum Classic Is Set To Hard Fork May 29
Today, May 29, Ethereum Classic is undergoing a hard fork. This is reported in the official Twitter account of the project.This fork will be a normal network upgrade and no separation of the block is expected, therefore, new tokens will not be created and distributed to the owners of Ethereum Classic. However, because of the upgrade, the so-called ‘difficulty bomb’ will be removed at block 5,900,000. By removing some of the code, the ETC developers extracting an algorithm that makes mining of each subsequent block after 5,900,000 more complex. Thereby issues related to mining profitability that could otherwise diminish future rewards for miners should be solved.
Hackers Mine Monero Through Amazon Cloud
A new cryptojacking threat is using “drive-by” infection techniques to install Monero mining software, leeching processing power from ordinary users’ computers. According to Netskope, a cloud application analytics firm, the ‘Xbooster’ malware is hosted on the Amazon Web Services cloud (AWS), and can be accidentally downloaded when a user clicks on a “drive-by download” link, usually contained in a phishing e-mail or compromised website. As soon as this happens, a command-and-control server rolls out two programs: a Monero miner and manager which connects to the server.
The Market Has Returned to Growth
Bitcoin increased by 2.7% to $ 7446, Ethereum - by 5% to $ 560, Ripple - by 2.8% to $ 0.59. The rise of the market could happen against the background of news that the South Korean National Assembly has officially proposed to allow local ICOs. In addition, some analysts note that the growth of bitcoin coincided with the euro falling to a minimum for 10 months against the background of the sale of Italian government bonds. According to experts, bitcoin is increasingly perceived by investors as a protective mechanism.
Reddit Of The Day
One of the most discussed topics of the day on Reddit was a picture with the title "Crypto expectations" (December 2017 versus May 2018).
At 21.00 (GMT+1) total cryptocurrency market capitalization stands at $327,6 billion
Cardano (+10,3%) showed the best growth in the top-10
Nexus (+23%) showed the best growth in the top-100
The trading volume of cryptocurrencies for 24 hours reached to $ 18,4 billion (+2,5 billion per day)
- Bitcoin: $ 0,42 for TH/s
- Ethereum: $ 0,05 for MH/s
- BitcoinCash: $ 0,46 for TH/s
- Litecoin: $ 5,3 for GH/s
- Dash: $ 0,16 for GH/s
Click here for the full list of ongoing ICOs.
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