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McAfee on BTC, Exile & the US: ‘No Way the Current System Can Survive’

John McAfee speaks with Cointelegraph about Facebook’s Libra, the importance of privacy and why he hasn’t paid U.S. taxes in eight years.

When people outside of crypto think of John McAfee, they think computers, cybersecurity, anti-virus software. But in the world of crypto and blockchain, you think of a yacht in tropical waters, passionate — and sometimes, admittedly, inebriated — tweets on tech and crypto… and an enviable amount of partying. 

When I called McAfee to talk on record, he was sitting at a table outside a cafe in Cuba with palm trees and patches of blue sky behind him. 

We talked about McAfee’s presidential campaign in the United States, his relationship with the U.S. government, cryptocurrency mass adoption and why he’s actually a patriot in exile. 

Olivia Capozzalo: You tweeted recently that Libra is a “grotesque distortion of the original intent of Cryptocurrency — economic freedom.” 

John McAfee: Libra is a universal, digital identification that’s going to be rolled into the cryptocurrency, meaning that everything that you do with that currency can be monitored and traced back to you. 

Now, I’m a firm believer in privacy and even anonymity when it comes to our financial transactions. 

We each have the right to earn a living and to do what we wish with the money that we earn. I mean, if not, then we are still under the control of the financial system we’re trying to escape from.

That is the purpose of digital currency: to give control of currency back to the people rather than to governments and institutions that can control the currency that we use. 

Watch our interview with John McAfee here:

And you need to understand how important currency is. If we don’t have freedom of currency, we don’t have freedom of anything.

To get that freedom, we have to have a decentralized system, and we have to have a system that provides a degree of privacy — because without privacy, then we still are controlled.

The reverse of privacy is a system where everything that you do is known. This is what Facebook has produced.

Please God, we cannot tolerate this. Now, they can produce it, but we do not have to use it.

Please understand that using Facebook is the abdication of everything that we have worked for for almost 10 years. So understand what it is, let them do what they want, but please, God, do not accept it as your standard of currency.

It will be the end of your freedom and the end of your privacy.

Exile in Cuba

OC: So, you’re in Cuba right now. Are you getting a sense of cryptocurrency use there or people’s relationship to crypto or blockchain.

JM: Well, keep in mind Cuba is a very unique country. It’s the only communist country in the Caribbean area — the closest communist country to America. Cryptocurrency has had very little impact on the economy here, on the people. And very few people understand it or know anything about it. 

For safety reasons, I’m trying to keep my mouth shut here and talk about crypto in other parts of the world because I really have no choice of anywhere else to go.

But, I can’t go anywhere. I was run out of America; I went to the Bahamas. I went to the Bahamas because America was charging me with income tax violations. 

Well, it’s true. I haven’t paid taxes in eight years, and I never intend to pay them again. 

To me, they are unconstitutional in America and they’re illegal. 

I went to the Bahamas because they have no income tax at all. According to international law, you cannot extradite someone from a country where the crime that you are extraditing them for is not a crime in that country. So, if you have no income tax, not paying it is not a crime. 

So, the U.S. then manufactured a bunch of other things — murder, money laundering and racketeering — which every country would have to extradite me for.

Their intent was to drop those charges as soon as they collected me and delivered me to America, and then continue to prosecute me on income tax. Now, I don’t want to play those games, so I came to Cuba. 

Cuba has never extradited an American citizen and if they extradite me, it would be an extraordinary exception.

OC: Can you explain your stance a little bit more about income tax? Why do you say it’s illegal in the U.S.?

JM:

Our constitution states very clearly, Congress shall pass no laws to inhibit, restrict or in any way hinder an individual’s ability to earn a living. 

Now, if you’re taking 25% of my money, if you’re making me work for you — the government — for one quarter or one third of the year, I insist that is inhibiting my ability to make a living. 

OC: So, you’re running your presidential campaign in exile. And the base of your campaign and your personal ideals is economic freedom, as you’ve been describing.

But on the other hand, Cuba is actually very low on the economic freedom index. I’m wondering if you see any contradiction in that.

JM: Well, not in the least. Let me ask you who creates that index? Is Cuba asked about it? Do people come to Cuba and actually study what’s happening here? Let me tell you something: This is the most entrepreneurial society I have ever been in. 

Yes, the government does restrict absolutely everything in terms of your making a living. However, there is an undercurrent just below that. There is an economic, entrepreneurial system, which I have never seen before. It’s the same thing in every communist country — in Russia, it was the same. 

So, you know people are making $20 a month, and yet, they’re buying cars that cost $60,000. Now, how do you do that? Ask simple questions, right? They’re doing it by being creative, by adhering to the laws of the government and at the same time, managing to make a good living. 

Keep in mind, America has strangled the Cuban economy for 63 years through embargoes. They can’t get building materials, they can’t get paint to paint their frigging houses. They can’t get parts to maintain their cars. 

One of the first days I was here, I bought a Bic lighter and along the bottom were seven tiny, little holes. And I asked the person: What is this? He said, “Oh it’s been refilled.” They will refill a throw away lighter seven-10 times until the flint wears out. It costs $0.10 to have them refilled, rather than $2 to buy a new one. I’ve never seen creativity like that before. 

So, people all band together to figure out how they can live. Jesus, I’ve never seen anything more entrepreneurial. 

So, do not buy America’s garbage propaganda, because I promise you: All those indexes, they have to pass the U.S. government’s approval. 

They have the airplanes, the bombs, the battleships. They tell the world what to do. They think they are the world’s policeman. So, don’t buy all this s— about being that low on the index. How do you know? Come here and take a look. I promise you: You will be startled.

Running for U.S. president

OC: I want to ask a little bit more about your plan to run for president of the U.S. If you were president, what would the role of cryptocurrency be in the U.S.?

JM: Okay, let me start off by saying this is my second run. I ran in 2016 under the Libertarian Party. I lost to Governor Johnson for the primary nomination. I did not want to win in 2016. 

In 2016, I thought the largest problem America faced was it was lagging behind in cybersecurity. So, I spoke on the national stage for a year about that and that’s all I talked about. 

Now, I could not possibly be president even if I had a platform, even if I wanted to, if I dressed in a business suit and didn’t curse. No matter what I did, I can’t be president. Jesus, God — I’m John McAfee. However, I can certainly run for president. 

So, let’s not talk about what I would do the first day in office. Let’s talk about what I’m going to do while running, which is to raise awareness — not just in the U.S., but around the world. 

I want to educate people about how fiat currencies are their prison and the means that governments use to make a society of slaves.

This is a terrible situation. You have a prison of the mind — certainly in America. And this is what I want to educate people about. We take control first of our economy, of our currency, of our ability to survive, buy food, clothes and shelter. Without the currency, you cannot do that. That is how you’re controlled. So, this is what I’ll be talking about.

McAfee vs. the U.S. Government

OC: Last month, you tweeted about having terabytes of incriminating data on corruption in governments. Could you go into a little more detail about what kind of data we’re talking about and how you got the data? Can you share some of it or reveal some of it?

JM: Let me give you an example of the kind of data. I was in the Bahamas. The U.S. government had manufactured these charges against me to get me extradited from the Bahamas so they could try me for the IRS crimes. The people who operate illegally with the U.S. government in the Bahamas were the head of the police force and the head of the armed forces in the Bahamas.

So, I outed those people. They both had secret bank accounts. I published the name of the bank, the account numbers on the secret accounts. The deposits that came in to these accounts, the dates, the amount and from who and the withdrawals in cash totaling many times their annual salary. So, now I’m wanted in the Bahamas.

This is hard data that I have on almost everybody in the world. Why? Because people tell me everything. When someone finds out a piece of information, I’m probably the first person they gave it to. I have it on everybody, Okay? I don’t want to bring anything down. I’ve never had a problem with the CIA other than that they keep harassing me. 

The CIA is as fragmented as any other element of our government, there are decent people and there are crooks. 

And believe me, I could bring down the U.S. government, like I almost brought down the Bahamian government. 

OC: How does the CIA harass you? Have you seen people following you?

JM: Oh, my security sees them all the time. They alert me to them: “Oh, this car is following us,” and I say, “Well, get the license number.” I have it checked out and it’s always owned by some obscure element of the U.S. government. 

Of course they’re following me — God almighty, I am a rebel. I’m an outrage to the stability of the U.S. corrupt government. Not the whole government, good Lord. There are some decent people there. But unfortunately, there are many indecent people. James Comey of the FBI. Jesus, God. One of the most corrupt individuals in the world — a total scumbag.

I mean there are many people in high positions that can control what’s going on. Now, I haven’t released anything. However, if anything happens to me… absolutely. I’ve got dead man switches everywhere. Within a day of my disappearance or untimely death, there will be every newspaper in the world pouring through more documents than they could have 100 people pour through in 100 years. 

So, no — it will be chaos. But right now, I just want to be able to live happily, try to make a better world for my children and grandchildren and fish from time to time.

OC: It sounds like you’re succeeding at the moment.

Promo in the crypto industry

OC: You’ve openly spoken about promoting projects, and often on your Twitter, you’ll do a video about a particular company. Can you talk a little bit about your vetting process for these companies, given our industry is known for seeing a large number of scams?

JM: Well the first thing I do is I have the company checked out.

I would say 90% of what’s happening in crypto is a scam.

The problem with that is, since it is, trolls and others can point to anything and say, “That’s a scam,” and people will believe it. It’s a very complex and subtle interchange of energies. But the first thing I do is I say, “Are you real? Are you people real?” and have the people checked out. It’s a very trivial thing: Have you ever been in jail? Have you ever run out on another company and left people hanging? It’s simple.

But before I even do that, it has to be a project that appeals to me. 

Then, I do my thing. And people call them scams — or I don’t care what they call them. I’ve checked them out. They’re doing the best they can. They don’t all succeed. There is not a universal success rate for anything in life. But they all attempt it. They all try and they all have good developers and — for whatever reason — if they do not, it’s not because there was a scam or because they weren’t trying. It’s simply because it didn’t work. 

OC: Do you generally invest in the companies that you promote?

JM:  No, I do not. I wish I was in a position to invest. Keep in mind, especially now that the IRS has shut down all my banks, I’m living hand-to-mouth. So, no. But what I invest is my time and my advice. 

I think my advice — you know, coming from a 74-year-old man who’s been in business since he was 23 — is worth something. And people generally take my advice. 

People do stupid things — I don’t know why. They’re looking for the money before they build the product. It doesn’t work that way: You’re not going to sell something that doesn’t exist. Or, they won’t put the product out soon, so they can get the money now rather than making sure it doesn’t have bugs. 

Listen, you have to have a solid product, because if you put something out and you promoted it and it’s got a bug, then everybody fails. You’re dead in the water after all of this work. Wait another two months. Advice like this is just invaluable to young people.

Mass adoption of crypto

OC: What needs to happen for people to use cryptocurrency on a mass scale?

JM: We have to have more friendly user interfaces. You’re not going to get the average plumber and give him a crypto wallet and say, “This 150-digit number is an address. It means something. You must copy it somehow or take a picture of this.” 

No. Please, God. That scares people. We need something that has a name. Frank Smith. Okay, I want to send Frank Smith 50 Bitcoins or five or a fifth or whatever. That’s cool. By the way, I don’t think crypto trading is the end-all for crypto. I mean, that might be the entry point, but the end-all is where we f—ing buy things with the crypto that we have, for heaven’s sake, rather than trading it constantly. But that’s coming… that will come. 

I think in 10 years there’ll be no fiat anywhere in the world. Everything will be electronic, everything will be cryptocurrency. 

In five years, I think the majority of people will be using crypto for the majority of their purchases. I mean, already you can buy houses, cars, almost everything with crypto — some services even. 

You can even buy prostitutes — both male and female — with crypto these days. I think in two years time, we’re going to see a quadrupling of both the number of businesses that accept crypto and the number of people that are using it not to trade, but to actually buy and sell.

OC: But people also need to be convinced that cryptocurrency is better for them to use than fiat currency.  

JM: Here’s an example — and if this doesn’t sell you, nothing will. Let’s say I’m doing business with somebody in England or Germany — in another country — and in order to get started, I’ve got to make a down payment. All right, so I’ve got to get out of bed, get dressed, hop in my car, drive to the bank, fill out a bunch of forms, sign them, get approval from the bank and they will say, “Well, within 24 hours, it’ll be there.” 

Or I can not get out of bed, grab my smartphone — even if I do have to copy and paste a 150-character string — push send and go back to sleep. I’ve got 60 seconds versus an entire hour. 

Which would you rather do? This is one example. Please, God. It’s so superior to our current system that there is no way the current system can survive. 

Bitcoin price predictions

OC: Recently, crypto analyst Mati Greenspan pointed out that there is an 86% chance that Bitcoin will be worth less than 50K by 2020. Are you concerned about the bet that you made?

JM: No, good Lord. Listen, anybody with common sense, and who can add and subtract and multiply, actually can count the total transactions in the world every year. And look at the number of dollars and yen and British pounds and euros and Chinese yuan. So, that’s about $2,000 trillion. There’s only 21 million Bitcoins and actually 7 million of those are lost forever. 

If Bitcoin were the only currency, it would be worth a trillion dollars per Bitcoin. Now, it’s not the only currency.

Take the growth at this point, the number of users and the fact that it’s going to be three times as large by the end of 2020. If it’s not worth a million dollars, then something’s wrong with math. 

I can’t lose this bet. It’s not possible mathematically. Understand, the market is an artificial thing right now. As Bitcoin gets more and more utility, it will be less artificial and more real. And it’s getting that way right now. So, to those that go “nah, that’s impossible,” please go back to school and take fourth grade math — that’s all you need. Figure it out.

OC: All right. Well, I think that’s all I have for today. Thank you so much for your time.

JM: Thank you very much.

This interview has been edited and condensed.

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Fujitsu Unveils Blockchain-Based Identity and Credential Rating Service

Fujitsu has developed a blockchain-based solution for identity verification and trustworthiness that is based on user evaluations.

Japanese tech research firm Fujitsu Laboratories has developed a blockchain-based solution for evaluating user credentials, identity and trustworthiness in online transactions, according to an announcement by Fujitsu on July 4.

As reported, the solution considers user ratings, stored on a blockchain, to assign every user a “trustworthiness score.” Users reportedly rate each other when a transaction occurs and the technology evaluates this data to make a guess about users’ relationships with one another.

Other users can then see how high someone else’s trust score is before agreeing to a transaction, according to the announcement. 

Fujitsu claims that this solution has advantages over other Decentralized Identification (DID) solutions, which are a class of solutions for identity and credential verification via third parties. 

In certain similar solutions, a user can reportedly conspire with a bad-acting third party to falsify their records. Fujitsu claims that their solution avoids this type of conspiracy by using a graph-based approach to understand users’ relationships. 

Rather than depending solely on raw metrics, Fujitsu’s system purportedly looks to weed out collusion by looking at the graph of a users’ transaction relations:

“Even if a user colludes with a third party to improperly raise their evaluation, the graph-structured relationships will reveal information such as the weakness of their relationships with other users, giving the system the potential to identify misrepresentations.”

As per their announcement, Fujitsu says one of its goals is to integrate this new solution into its blockchain-based Fujitsu Intelligent Data Service Virtuora DX Data Distribution and Utilization Service some time in the 2019 fiscal year.

As previously reported by Cointelegraph, Fujitsu and tech giant Sony confirmed that they would partner to launch a blockchain-based pilot program in February. This program aims to use blockchain technology to make school records and grades more trustworthy.

The pilot program will reportedly use Fujitsu’s educational platform Fisdom as a means to evaluate foreign students’ abilities, as compared with their stated certifications, while applying to a Japanese-language school:

“The course platform will collect data including test scores, Japanese conversational ability, and study time, and store them on a blockchain as a certificate. Human Academy […] will be able to accurately grasp the language ability of individual students based on this highly reliable data, by comparing the certificate data on the blockchain with the educational certificates submitted by the prospective students.”

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Binance Funds Blockchain-Based Customer Relationship Management Network

Cere Network graduates from Binance Labs’ incubation program and receives further funding from them, and other organizations, nearly one month later.

Binance Labs, the blockchain incubation initiative run by Binance, has provided the blockchain-based customer relationship management (CRM) Cere Network with strategic funding, according to a press release shared with Cointelegraph on July 3.

Binance Labs announced that Cere Network would be graduating from the Season II cohort of its incubation program on June 5. On July 3, Cere Network announced that it is receiving funding from Binance Labs, Arrington XRP Capital, and NEO Global Capital.

The Cere Network purportedly uses a “decentralized system” integrated with a blockchain to store customer data. Businesses and vendors are then granted permissioned proxy keys from Cere that allow them to access this data. 

According to Cere, this allows such entities to share customer data securely, and also more easily. It is purportedly more easy to share data on this blockchain network because at present, CRM and CDP systems are isolated, which makes it hard to aggregate data for insights.

Cere is also reportedly issuing an incentive token (CERE) to motivate people to run blockchain nodes, as well as for users to pay for network services.

According to the recent press release, Cere Network is the first CRM and Customer Data Platform (CDP) network based on blockchain technology; additional, it says research firm Gartner has claimed that “CRM remains the largest and fastest growing software category.”

Ella Zhang, Head of Binance Labs, also said that it will continue to work with Cere and integrate it into Binance Chain:

“[…] Cere Network is proving to become one of the first major on-ramps for brands, apps, and other enterprise assets onto the blockchain. We look forward to working closely with Cere to build this ecosystem and will have more news to share about its integration with Binance Chain soon.”

Binance Labs announced its first cohort of graduates in December 2018. This included eight projects that were granted $500,000, along with other resources and mentors to guide development. The program lasts 10 weeks, and seven of the eight projects were completed during the first cohort.

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Ripple Incubator Xpring Announces $500 Million Invested in XRP Projects

Ripple’s investments arm Xpring reports that it has invested around $500 million on XRP initiatives so far.

Ripple incubator and investment arm Xpring has spent $500 million on XRP projects since its launch in May 2018, according to an official blog post on July 2.

These funds have reportedly been distributed to over 20 companies, including the blockchain-based gaming platform Forte.

In general, the report says that Xpring investments are intended to create use cases for Ripple’s XRP token. They hope to accomplish this by making development easier, and say they are supporting developers by providing “tools, libraries and services for developers on the XRP Ledger and Interledger protocols.”

Additionally, Xpring is reportedly taking a two-pronged approach to creating more use cases, through infrastructure development and innovative projects. As examples of infrastructure development, they cited a contribution to the XRP Ledger and Interledger protocols, i.e. the native Ripple ledger and a protocol for blockchain interoperability.

The announcement briefly notes that Xpring is also focused on decentralized finance, and will look to invest in crypto-based solutions for aspects of finance like debt and derivatives.

As previously reported by Cointelegraph, ex-Facebook Developer Network director Ethan Beard was appointed as the Senior Vice President of Xpring and Ripple’s developer program. It was also noted that Ripple would finance Xpring, although Xpring would operate independently from Ripple.

On July 2, former Ripple executive Catherine Coley was hired as the CEO of BAM Trading Services, the operator of Binance US — a new, United States-exclusive branch of Binance. Coley previously worked as a liquidity management expert at Ripple from 2017 to 2019, with the recent title of Head of XRP Institutional Liquidity.

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Gram Asia to Sell Telegram Tokens at Three Times ICO Price

Gram Asia is selling Gram tokens on July 10 for $4.00 each on the cryptocurrency exchange Liquid, approximately three times the price they sold for during an ICO last year.

South Korea’s Gram Asia is selling rights to its Gram holdings at $4.00 per token starting July 10, according to a report by Bloomberg on July 3.

The proposed sale price is triple the original $1.33 sale price at Gram’s second initial coin offering (ICO) round in March 2018.

The sale on July 10 is apparently happening exclusively through Japanese cryptocurrency exchange Liquid, as per its website. Liquid also hosted the Gram ICO in March, at which time Telegram raised $850 million, bringing its total valuation up to $1.7 billion. 

Citing an email from the exchange, Bloomberg reports that users who buy Gram with the exchange’s native token, QASH, will get a $0.50 discount per token.

Future price estimates for the Gram token vary, but generally fall between $2.10–$8.00, according to research from by Russian research agency Aton.

While Liquid initially announced on June 11 that it would be hosting the sale, a source close to Telegram told Cointelegraph that there is no relationship between the two entities. The source further said that the June 11 press release was the first time they had heard of Gram Asia.

Additionally, a Telegram investor commented that no one has the rights to sell Gram tokens before the official launch. Per a token purchase contract, the buyer agrees to not:

“ENTER INTO ANY swap or other AGREEMENT THAT TRANSFERS, in whole or in part, ANY OF THE ECONOMIC CONSEQUENCES OF OWNERSHIP OF THE INVESTMENT CONTRACT represented by this Purchase Agreement or any Tokens.”

Gram is the yet-to-be-released native token for the Telegram Open Network (TON), a decentralized network project by the open source, encrypted messenger app Telegram. The service, used by over 200 million people, is planning to launch its Gram tokens by the end of Q3 2019.

As previously reported by Cointelegraph, Gram Asia is the largest holder of the Gram token in Asia. Additionally, the exchange Liquid apparently has a deal with Gram Asia, but not Telegram. Liquid has further hinted at being an incubator for TON.

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Gab Seeks $10M to Decentralize and Use ‘Free Speech Money’ Bitcoin

Gab has made a bid to seal $10 million in a Series A crowdfunding round that will enable it to decentralize and integrate bitcoin.

Social media platform Gab has made a bid to seal $10 million in a Series A crowdfunding round that will enable it decentralize its infrastructure and integrate bitcoin (BTC) and Lightning Network payments. 

Founded in 2016, Gab has risen to notoriety due to a perception that it serves as an “echo chamber” for “extremist,” alt- or far-right views as it welcomes users who have been banned from sites like Twitter and Facebook for their alleged violations of hate speech rules.

More broadly, the site targets a user base of libertarian, nationalist, populist or conservative leanings — or anyone who dissents from the content filtration, anti-disinformation, and data harvesting measures enforced by mainstream platforms or “Big Tech.” 

Gab has long presented its support of crypto as one of the company’s three pillars — these being unapologetic maximalism in regard to free speech, bitcoin and freedom.

In its campaign announcement, Gab notes that it has accepted bitcoin donations — characterized as “free speech money” — since 2016, yet has meanwhile been “no-platformed” by payment processors that include Paypal, Stripe, Coinbase, Square, Bitpay, and others:

“Our plans […] are to integrate Bitcoin and Bitcoin’s Lightning Network tooling into our line of free speech products to empower our users to facilitate commerce, tip one another, and be more free from corporate censorship and control.”

Should it succeed to raise the funds, Gab will launch an open source social networking architecture, which is fully decentralized, meaning that anyone can participate in a group of federated web publishing servers.

A new “open source, free speech-oriented” Dissenter Web Browser has also been released, complete with a native ad blocker and a Comment Extension. As well as coming with integrated bitcoin and Lightning Network wallet functionality, Gab claims Dissenter can prevent the “Big Tech” tracking that happens on the mainstream web.

According to its crowdfunding campaign, Gab.com has almost 1 million registered users, with its top five markets in the United States (51%), Brazil (10%), the United Kingdom (6%), Canada (6%), and Germany (6%) as of 2019. 

The Gab app has notably been banned both by the Apple and Google App stores.

As recently reported, Gab was reported to be using the Cash App from United States-based payments firm Square in January 2019 to transact and receive Bitcoin (BTC) donations — ahead of its reported exclusion from the service. 

As well as reportedly terminating the personal account of Gab co-founder Andrew Torba, Coinbase also shuttered the merchant account merchandise shop of the anonymous international publishing nonprofit WikiLeaks this April, allegedly due to a terms of service violation.

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Bitcoin DEX Bisq Sees Record Volume After Localbitcoins Bans Cash

Bisq had its best week in its history last week, while Localbitcoins volumes continued falling despite the bitcoin bull run.

P2P bitcoin (BTC) trading platform Bisq is seeing record trading volumes as users drop Localbitcoins, data from monitoring resource Coin Dance confirmed this week. 

Bisq, the DEX formerly known as Bitsquare, is a decentralized application facilitating crypto-to-fiat trades without a formal intermediary. 

For the week ending June 22, the most recent period for which data is available, the platform handled $6.1 million, its best performance on record. 

Noticeable upticks came from markets as diverse and the United Kingdom and Brazil, the former seeing its second-biggest volumes. 

The increased activity comes weeks after Localbitcoins, traditionally the go-to P2P trading platform, abruptly withdrew the option for users to meet and perform trades for cash

Part of a series of increased know-your-customer (KYC) moves, dropping cash sparked criticism, with competitor LocalEthereum rushing to hook deserted traders. 

Many P2P markets rely heavily on cash exchange, as users either have no access to the banking system or feel unable to rely on it, as is the case with countries such as Venezuela.

The latest data underscores the change in consumer habits with Localbitcoins failing to capitalize on bitcoin breaking $10,000 and higher.

Volumes across the platform for the seven days to June 22 actually fell compared to previous weeks, reaching $56.4 million.

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Coinbase Pro Announces Support for Chainlink Token

Coinbase’s professional offering Coinbase Pro is rolling out support for Chainlink tokens.

Major cryptocurrency exchange Coinbase Pro has added support for Chainlink, according to a blog post on June 26.

Coinbase has listed two trading pairs for the token of smart contract platform Chainlink (LINK) on its professional trading platform.

LINK will be available to trade with the U.S. dollar (LINK/USD) and with ether (ETH) (LINK/ETH). The post says that the token will be available in all its covered jurisdictions except for the state of New York

According to the announcement, Coinbase Pro will roll out options for LINK in four steps. The four steps are (1) transfer-only, (2) post-only, (3) limit-only, and (4) full trading. For the first three options, respectively, users can put LINK in their Coinbase Pro accounts, post limit orders, and wait to receive order matches.

The announcement also states that phase updates will be announced via Twitter. At press time, Coinbase Pro has only announced the beginning of the transfer-only phase. 

As per the press release, LINK is an ERC-20 token native to the Chainlink decentralized oracle network. According to Chainlink’s whitepaper, LINK is the token used for payments in Ethereum smart contracts backed on Chainlink:

“In order for a smart contract on networks like Ethereum to use a ChainLink node, they will need to pay their chosen ChainLink Node Operator using LINK tokens, with prices being set by the node operator based on demand for the off-chain resource their ChainLink provides, and the supply of other similar resources.”

The Chainlink network reportedly supports Ethereum smart contracts that rely on inputs from external data sources, APIs, and payment systems. As per the Chainlink website:

“By allowing multiple Chainlinks to evaluate the same data before it becomes a trigger, we eliminate any one point of failure, and maintain the overall value of a smart contract that is highly secure, reliable, and trustworthy.”

As previously reported by Cointelegraph, Coinbase Pro increased its fees and announced a different market structure for the platform in March.

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Opera Releases iOS Version of its ‘Blockchain-Ready’ Mobile Web Browser

Opera has released the iOS version of its Ethereum-friendly mobile browser, with an Ethereum wallet and support for Ethereum-based dApps.

Norway-based internet browser company Opera has launched the iOS version of its mobile web browser, Opera Touch, according to a press release shared with Cointelegraph.

Opera Touch reportedly supports the Ethereum (ETH) protocol and the Ethereum Web3 application programming interface (API). This means that the browser accommodates Ethereum-based decentralized applications (DApps) and all ERC-20 tokens, stablecoins, and non-fungible tokens (NFTs). The browser also is said to feature a cryptocurrency wallet for storing Ether, the “Opera Crypto Wallet.”

Opera released the Android version of its mobile browser at the end of 2018, which offers these same Ethereum-related capabilities. Opera Touch, however, purports to be the first mobile browser on iOS with ‘Web 3’ support and a crypto wallet

The Head of Crypto at Opera browsers, Charles Hamel, commented on the release of Opera’s latest browser iteration, saying:

“We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto- community, we are now making this experience available on iOS.”

For this new release, Opera says it has partnered with the crypto collectible dApp “Marble.Cards.” This application reportedly turns website URLs into unique collectible cards that are registered as NFTs on the Ethereum blockchain.

As previously reported by Cointelegraph, a crypto collectible released in a promotional auction for the blockchain-based game “F1 Delta Time” sold in May for 415.9 ETH—$110,600 at the time of the sale.

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BTC, ETH, DAI Cross-Chain Atomic Swaps Launched By Liquality on Mainnet

Peer-to-peer cryptocurrency solutions project Liquality has launched its interface for cross-chain atomic swaps between bitcoin, ether and stablecoin dai on the mainnet.

Peer-to-peer cryptocurrency solutions project Liquality has launched its interface for cross-chain atomic swaps between bitcoin (BTC), ether (ETH) and stablecoin dai (DAi) on the mainnet. The news was revealed in an official company blog post on June 24.

Atomic swaps are a solution that enables the exchange of one cryptocurrency for another without the need for a trusted third party or centralized exchange infrastructure. 

Liquality is contributor-led, open-source project that focuses on developing trust-minimized and peer-to-peer crypto exchange solutions. Its launch of the Liquality Atomic Swap Interface alpha will now enable users to swap BTC, ETH and DAI directly between their Ledger or Metamask crypto wallets. 

In implementing the solution, Liquality notes that users maintain custody over their own keys, thereby apparently eliminating custodial risk and maximizing their privacy and financial sovereignty. 

To access the interface, users can either run a self-hosted version or use a downloaded app. In addition, Liquality has made its codebase open-source on Github.

In the blog post accompanying the new release, Liquality also provides updates on developments thus far in 2019, which include the publication of educational content on both atomic swaps and hash time locked contracts.

Also new is support for both sending and receiving cryptocurrencies from a single Ledger wallet device, support for DAI, and WebUSB Ledger connection issues, the blog post notes.

In the coming months, the project reportedly aims to roll out several new features as requested from users. Among these are Trezor integration, Segwit support, support for litecoin (LTC) and privacy coins, automated swaps and customizable parameters for lock times and mining fees.

Given the persistence of centralized crypto exchange hacks — including several major incidents thus far in 2019development of non-custodial exchange methods is gaining steam, including decentralized exchange (DEX) services and atomic swap-enabled over-the-counter (OTC) trading.