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John McAfee gets formal apology after being falsely accused of pumping and dumping privacy coin




John McAfee gets formal apology after being falsely accused of pumping and dumping privacy coin
Source: Pixabay

John McAfee, creator of “McAfee virus,” was in the news after a news media outlet falsely accused him of a “pump and dump” scheme with the privacy coin, Apollo. However, the outlet later retracted the accusation, offering McAfee an apology.

John McAfee announced the same on Twitter,

“Got a public apology from CCN for saying that I pump and dump coins. Blatantly false and akin to something my brain dead trolls would say. They will come at this post with a vengeance – “But you ARE a fu%$ng Pump and Dump villain” LMFAO. It will be fun.”

The article published by CCN titled, “Warning: This John McAfee-Pumped Cryptocurrency Has Major Red Flags,” had incorrectly characterized technical aspects about the cryptocurrency’s protocol, namely its privacy features. The reason for the incorrect characterization was due to an outdated research article by the crypto-research group, Jelurida.

Apollo’s team called out CCN, claiming that the technical information cited was outdated and that the privacy coin was updated thereafter. The outlet was later forced to update the piece, while issuing a public apology to the Apollo project and John McAfee.

McAfee had previously revealed that he charges $105,000 for each tweet he sends out promoting digital coins or initial coin offerings (ICO). Last week, McAfee tweeted that his team had written a guide on how his promotional tweets worked, sharing it with the McAfee Crypto Team, an organization put together to promote ICOs.

The Verge reported on the same, stating,

“Extrapolating from a Twitter poll conducted by McAfee himself, McAfee Crypto Team claims, among other statistics, that 259,000 of McAfee’s Twitter followers “have more than 50% of their total assets in cryptocurrencies,” and that 224,000 of his followers represent, “at a minimum, $4.48 billion in crypto investment.”

A Twitter user, @blockchainry, commented,

“I still remember the #reddcoin “recommendation”. What was the term… “sleeping giant?”

McAfee replied, tweeting,

“You win the “first troll comment prize”

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.


Binance Chain’s first project Mithril to launch with MITH/USDT trading pair

Namrata Shukla



Binance Chain's adds Mithril as its first project followed by MITH/USDT trading pair
Source: Pixabay

Binance launched its blockchain protocol on April 18 and it already has its first project launch on its network. Mithril, a decentralized social media platform will migrate to Binance Chain. The company’s MITH token, that ranks 121st on CoinMarketCap will transfer from ERC20 to Binance’s BEP2 standard.

Binance Chain has been a highly anticipated project in the crypto world since its announcement and with its launch, the community provided ample support to the move. According to reports, Binance is luring companies into migrating to their new native chain and leave Ethereum.

According to Mithril’s blog post, the migration commenced after the mainnet launch of the Binance Chain and informed the MITH holders that the deposit and withdrawals on will be halted for the initial 12-hour migration period, however, trading will continue. The post added:

“Once the initial migration of ERC20-based MITH to BEP2 MITH is complete, Binance users will be able to withdraw MITH to BEP2 wallets, such as the Ledger Nano S, and begin trading on Binance DEX. ERC20 versions of MITH held in private ETH wallets or on other exchanges will not be impacted.”

As Mithril announced about its migration to Binance chain, the price of MITH, Mithril’s native coin saw a surge. The coin also saw a 70% hike,  followed by a market correction. At press time, MITH was valued at $0.0782 with a market cap of $40 million. The 24-hour trading volume of the coin was $108 million as it pumped by 67.10% over the past day. In the past seven days, the coin noted a surge of a massive 81.47%, which started to dip by 0.84% over the past hour.

Following the addition of the project, Binance announced the listing of MITH/USDT trading pair, which will start trading on April 19, 10 AM UTC.

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