Mcafee's New Adventure - Joins Security Startup Cyptosecure

Pratik Makadiya

Cryptosecure, a  cryptocurrency startup which claims to provide ‘hack-proof security solutions’ announced the arrival of the new asset, John McAfee, who shall join the company as senior security adviser in the firm.

As reported on Bloomberg, the company stated:

Mr.McAfee met the Cryptosecure team on a recent Blockchain cruise conference at which he was the keynote speaker. During an early morning discussion on the security deficiencies of the cryptocurrency market, he was appraised of Cryptosecure’s military-grade hybrid Blockchain, Trusted Solaris OS, One Time Pad infrastructure project.

Bloomberg

McAfee to Make a Safer Crypto Ecosystem

Recently, McAfee left his post at MGT capital investment where he served as a Chief Cyber Security Visionary. The decision to leave MGT is believed to be “totally amicable”.

The Bitcoin proponent emphasized that crypto market is growing well but the crimes related to it are not far behind. It seems the antivirus software pioneer, like to lead by example as he is set to make the crypto space secure and safe, which is his role at Cryptosecure.

On his appointment, McAfee tweeted

Cyberattacks threaten to end cryptocurrency. Hackers now have the ability to steal from any wallet, computer or exchange. This is why I joined the Cryptosecure team. With advanced technology to end this crisis.

Lately, security has become a major concern for crypto market participants. McAfee’s arrival at Cryptocsecure may bring some change to the entire market knowing his mastery in the field of cybersecurity. However, regulators also play a major role in securing crypto market and building trust among investors.

Travala’s Token AVA Jumps Following Announcement of Partnership with Expedia

Michael LaVere
  • Binance-backed cryptocurrency travel booking platform Travala has announced a partnership with Expedia Group.
  • Travala's native token AVA appreciated more than 20 percent following the announcement.

The Binance-backed travel booking website Travala has announced a new partnership with the online travel agency Expedia Group. 

According to a press release published July 6, Travala and Expedia have joined forces to offer consumers a frictionless cryptocurrency travel-booking experience. The release claims more than 700,000 Expedia Group hotels and accommodations have been made available via Travala.com, in addition to the platform’s existing 2 million hotels across 230 countries. 

Juan Otero, CEO and co-founder of Travala, said the new partnership reflected the rise in popularity for cryptocurrency. He also explained that consumer travel was on the rise following months of COVID-19 imposed shutdown. 

He said:

Our latest month-on-month data shows consumer confidence and the desire for travel is returning, with an 81% increase in room nights booked and website traffic up 50% week-on-week.

Binance CEO Changpeng Zhao said Travala had proven its ability “to build a world-class travel booking platform” and was excited by the partnership with Expedia. 

AVA, the native token for Travala, underwent a subsequent price increase following the announcement. As of writing, the coin has appreciated more than 20%. 

Altcoins Move up as Bitcoin Stalls

The AVA token is not the only in the cryptocurrency space growing exponentially so far this year. While the price of bitcoin has been range-bound moving between $9,000 and $10,000 since the beginning of May, various altcoins have been moving up.

Over the last 6 months, the price of BTC is up little over 13% according to CryptoCompare data, while other altcoins have been moving up. Most of these are related to the decentralized finance space, or to blockchains launching new products or announcing specific partnerships.

VeChan's VET, for example, surged after it was announced VeChain was attending the World Artificial Intelligence Conference 2020, hosted by the Shanghai Municipal People's Government. The conference will also be attended by Microsoft, Alibaba, Tencent, Huawei, and Amazon. One VET is changing hands for $0.0148, up from $0.,0055 in January.

As CryptoGlobe reported, Kyber Network's KNC tokens have risen over 650% year-to-date thanks to the upcoming Katalyst update, which will allow token holders to earn ETH rewards while participating in governance by staking their tokens. 

Another altcoin that moved up significantly is OKEx's OKB cryptocurrency. The token, which gives various advantages to the bitcoin exchange's users, is up 74% over the last six months, going from $2.78 to $5 at press time.

day_CryptoCompare_Index_OKB_USDT_231_11594045158429.pngSource: CryptoCompare

OKEx's OKB isn't tied to decentralized finance protocols, which Waves CEO Sasha Ivanov warned could be turning into the  next ICO bubble, but is instead tied to one of the leading crypto exchanges in the world. 

Decentralized finance protocol Aave has also seen the price of its LEND token surge so far this year. While in January the tokens were trading at $0.017, they are now $0.175 -- a 750% increase.

Featured Image Credit: Photo via Pixabay.com