McAfee changes the "Coin of a day"

John McAfee's daily column met criticism from cryptocurrency community
27 December 2017   1799

Last week John McAfee in his Twitter opened the column "Coin of the Day", in which every day recommended a new crypto currency. The community met McAfee's initiative with criticism, because immediately after the placement of the tweet a large number of traders started buying up the "promoted" crypto currency, selling it in a few minutes or hours. Thus, their actions did not differ from the notorious scheme of market manipulation "pump-and-dump".

McAfee reacted to these reports and decided to change the rubric a little.

Critics argue that the recommendations of McAfee attract exclusively speculators and prevent long-term investors from assessing the potential of the crypto currency they promote.

John McAfee is known as the creator of the world's first commercial antivirus. After leaving the company  in 1994 the entrepreneur tried himself in various fields, including the development of mobile applications, alternative medicine and the crypto-currency market.

Japanese 'Money Forward' to Launch Crypto Exchange

Money Forward Financial is going to launch a media crypto platform this summer, and afterwards - a digital assets exchange
24 May 2018   63

The operator of the popular application for personal finance management Money Forward Inc intends to launch a cryptocurrency exchange this year, BC Focus reports.

Japanese fintech-company has been working in this direction since December last year. To implement the plans, the company has already registered a subsidiary division called Money Forward Financial.

Money Forward Financial is going to launch a media cryptocurrency platform, and afterwards - a digital assets exchange. In the future, the company plans to create a number of more advanced solutions for working with crypto-currencies, including automated payment systems and various analytical tools.

Currently, the customer base of the company has about 5 million users. The cloud application of Money Forward Inc for tax accounting and financial management is used by 500,000 Japanese companies and 2,400 accounting firms.

Big Japanese financial institutions are making steps to cryptocurrency business. Mitsubishi UFJ Financial Group (MUFG), world's 5th biggest bank has announced plans to introduce own cryptocurrency by 2019.