John McAfee Jailed Twice In Dominican Republic Within One Week
What happened?
Bitcoin proponent and United States 2020 presidential candidate John McAfee has been in jail in the Dominican Republic twice this week. The entrepreneur, his wife and entourage all fell victim to law enforcement when their boat docked in the Dominican Republic earlier this week. McAfee then spent four days behind bars before walking free.
Is he released now?
On Friday, McAfee and his wife reportedly flew to London where they stayed until Sunday. At the moment, their location is disclosed, but according to his tweet, they are on their way to complete safety.
Pantera Capital CEO Believes Bitcoin Could Reach $356,000 in a Couple Years What happened?
Pantera Capital founder Dan Morehead discussed how Bitcoin could hit $42,000 by the end of 2019 and even has the potential to reach $356,000 within a couple of years. Morehead delivered his comments on an episode of the Unchained podcast on July 23. Did he talk about anything else?
Morehead also spoke about technological developments in the Bitcoin network, stating that the number of possible transactions per second — a persistent problem for Bitcoin — will rapidly increase as the technology is developed.
Tron Price Plunges as Justin Sun Denies Money Laundering Accusations What happened?
Tron founder and CEO Justin Sun denied illegal fundraising, porn transaction facilitation, gambling and money laundering accusations in a post on Chinese social media platform Weibo published on July 23. By press time, the price of Tron plunged by about 16.58% over the last 24 hours, trading at about $0.024. What did he say?
According to his post, the illegal fundraising accusations are false since — after the Chinese government banned initial coin offerings in September 2017 — the Tron Foundation returned the funds. Sun also says that the money laundering accusations have no basis since the Tron Foundation is located in Singapore, complies with local regulations, and does not involve fiat on or off-ramp services. Bitcoin Network Now 8 Times More Powerful Than It Was at $20K Price What happened?
Bitcoin now has more computing power behind its security than ever before, passing another milestone as the hash rate reaches an all-time high. Data from monitoring resource Blockchain confirmed that the Bitcoin network's total hash rate reached a peak of 79 tera hashes per second (TH/s) on July 20. How did the process go?
The figure subsided over the weekend after hitting the 79 trillion mark. On Sunday, the most recent day for which data is available, the hash rate total was recorded at 67.1 trillion TH/s, regularly fluctuating while still setting a general upward trend. In other words, the Bitcoin network now has almost eight times the computing power it had when the price of Bitcoin was around $20,000 in late 2017. Bank of China's New Infographic Shows Why Bitcoin Price Is Going Up What happened?
On July 26, the Bank of China, one of the four biggest state-owned commercial banks in the country, released on its website an infographic illustrating what is Bitcoin, how it works, and why it's valuable. What does it specifically show?
The infographic illustrates the story of Bitcoin, starting with the publication of its whitepaper in 2008, the mining of the first 50 BTC in 2009, 10,000 BTC having been spent for pizza in 2010, and other major milestones for the system, ending with the announcement of Facebook's Libra. Check out our interview with Bitcoin, the protagonist of the popular YouTube series Bitcoin and Friends. The animated cryptocurrency told CT's news editor, Molly Jane, about the ongoing search for his real father, the relationship with his friends, how it feels to hard fork, and much more.
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