The US economy will get a $2 trillion injection from the Federal Reserve to aid the citizens and businesses suffering from the COVID-19 pandemic. However, some experts of the industry including John McAfee believe this might have negative consequences over the country’s economy and cause unprecedented inflation.
Craig Wright is again in the spotlight of all fintech news agencies. Bitcoin’s creator, as he calls himself, has already threatened three people with lawsuits for defamation and libel. Meanwhile, McAfee promises to reveal the real identity of Bitcoin’s founder Satoshi Nakamoto.
Over the largest part of this year, the crypto market has remained bearish, with rapid corrections continuing no more than a couple of weeks. Now traders are scared and confused about taking any further steps with the fintech. Luckily, some experts claim investors have nothing to be afraid of.
With very large sums of money circulating around, it's not astonishing that the huge Bitcoin ecosystem is filled with scams, cyber attacks and hacks of all types. Working in such climate, careful users are always heedful of their security and find out to avoid fierce claims that are in some cases more of the same. A more recently released version of the wallet was regarded to be 'unhackable' by its developers and promoters, such as John McAfee, which has surely activated security researchers.
Scammers' posts have recently been posted straight under verified updates from Elon Musk, John McAfee, 50 Cent, Vitalik Buterin, Charlie Lee, and major cryptocurrency firms like Coinbase and CoinMarketCap, and even president of the US - Donald Trump. Fraudsters use almost identical usernames to those celebrities in the hopes of being accepted as real.