John McAfee: Bitcoin Private (BTCP) "Will Replace Monero" On the Dark Web

Francisco Memoria
  • Cryptocurrency bull John McAfee has recently argued Bitcoin Private is going to replace Monero as the darkweb's go-to cryptocurrency.
  • Per his words, "some serious technology" is behind the Bitocin Fork, which shouldn't be dismissed as a scam.

Eccentric cybersecurity pioneer and well-known bitcoin bull John McAfee has recently stated that Bitcoin Private (BTCP) is his favorite Bitcoin fork, and that he sees it as a better cryptocurrency than Monero (XMR), since it makes “Bitcoin a superior Monero”

McAfee’s words came during an interview with the CWN YouTube channel. During the interview, he claimed a fork is a positive thing, as it gives “people with differences a way to exit, a way to separate.”

He then noted that his favorite Bitcoin fork is BTCP and defended the cryptocurrency by dismissing those who call it a scam, and claiming some “serious technology” is behind it. BTCP, he noted, adds to Bitcoin what it always needed – presumably, complete anonymity.

Per McAfee, Monero was quickly accepted on the dark web as its users liked the anonymity the privacy-centric cryptocurrency provided. Bitcoin Private, the cybersecurity pioneer says, is now going to replace Monero as the most used cryptocurrency on the dark web.

While most in the BTCP community saw the pioneer’s words as a bullish development, others quickly claimed they had to sell their coins as things weren’t going well. McAfee has been known to promote cryptocurrencies for money, as earlier this year he was charging $105,000 per promotional tweet.

Notably, Verge (XVG) pumped after McAfee claimed he was bullish on it, more than he was on Zcash (ZEC) and Monero. During his interview with CWN, he seemingly indirectly dismissed XVG as it gives users the option not to make private transaction, a feature the eccentric Bitcoin bull claimed to add “complexity and confusion.”

At press time, BTCP is trading at $25.1 and is up by about 2 percent in the last 24-hour period, despite McAfee’s words. When the pioneer recommended XVG late last year, the cryptocurrency was trading at $0.01 and surged over 100 percent in a short period of time.

McAfee is notably bullish on Bitcoin. Last year, he predicted the flagship cryptocurrency would hit $1 million per coin by the end of 2020, a prediction he recently reiterated. According to a website tracking his prediction, the cryptocurrency is currently 9.2 percent below what it should be, as it is currently trading at $8,665 instead of $9,541.

Featured image by Gage Skidmore, Flickr, CC by 2.0

Next Token to Go on Sale on Binance Launchpad Is WazirX (WRX)

On Tuesday (January 21), Binance announced that WazirX (WRX), the native token of Indian crypto exchange WazirX (which Binance acquired on 21 November 2019), is the next token to be offered for public sale on the Binance Launchpad platform.

According to Binance Research, WRX, which is "the utility token forming the backbone of the WazirX ecosystem," is built as a BEP2 asset on Binance Chain. Three examples of WRX use cases are getting trading fee discounts on WazirX, WRX Trade Mining (i.e. performing trades) to earn WRX, and paying margin fees.

The WRX token sale will be following a lottery format; the recording of users' BNB balances started at 00:00 (UTC) on 4 January 2020. User BNB balances will be recorded between 00:00 (UTC) on 4 January 2020 and 00:00 (UTC) on 3 February 2020. The average balance during these 30 days will be used to determine the "final BNB holding amount " for each user.

Here are some of the main details of the WazirX (WRX) token sale:

  • Launchpad Hard cap: $2 million
  • Total Token Supply: 1 billion WRX (10% of this has been allocated to Binance Launchpad)
  • Public Sale Token Price: 1 WRX will cost $0.02 (the BNB price will be specified before the lottery draw)
  • Maximum Number of Winning Tickets: 10,000
  • Allocation Per Winning Ticket: 10,000 WRX ($200)
  • Supported Sessions: BNB 

Featured Image Courtesy of Binance