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John McAfee’s Decentralized Crypto Exchange to Start Beta Trials on October 7

  • Yuri Molchan
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    John McAfee offers a preview of an upcoming announcement of his decentralized crypto exchange with no KYC, no restrictions by a high trading fee

John McAfee’s Decentralized Crypto Exchange to Start Beta Trials on October 7
Cover image via www.facebook.com

Earlier, the crypto baron John McAfee teased the community with ‘an announcement of an announcement’ that he planned to make on Monday next week.

Now he reveals a preview, as he says, of a decentralized crypto exchange bearing his name – McAfee DEX.

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McAfee dex is about to launch

Teasing the community even more now, the crypto eccentric McAfee posts a web address of a dex which is to enter a beta release stage on October 7.

McAfee DEX

He promises no KYC and no restrictions.

However, the commission fee of 0.25 McAfee mentions causes a somewhat negative reaction from some of his followers.

Earlier still, the former antivirus mogul McAfee gave up working on his ‘Freedom Coin’ and joined the research and development team of the Burency exchange as an advisor.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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