Bitcoin short-term setup is challenging, JPMorgan strategists warn


Cointelegraph 28 June, 2021 - 03:08am 33 views

Who killed John Mcafee?

wikipedia.orgJohn McAfee

Bitcoin and the crypto market are at the beginning of a healing process, JPMorgan analysts say in a note.

A Friday note from the JPMorgan Chase team suggested that the near-term setup for Bitcoin still looks challenging. Based on the on-chain data, JPMorgan strategists said that “there is likely still an overhang of underwater positions which need to be cleared through the market.”

JPMorgan lists the Bitcoin futures market’s stability and the possibility of increased production costs due to miners’ migration from China as positive factors. Bitcoin’s cost of production is historically tied to its price, several analyses show. So, a price bump in the cost of mining may have a booster effect on Bitcoin’s price.

The note suggests that the cryptocurrency market appears to be at the beginning of a healing process but is not quite healthy yet. Fundstrat’s David Grider recommended reducing the risk or buying some protection, according to Bloomberg.

A bounce off $30,000, which is seen as a critical support level, came after the JPMorgan note. Bitcoin’s price dove to $30,070 before quickly recovering to $33,445 over the weekend, according to data from Cointelegraph Markets Pro and TradingView.

The weekend saw a positive statement for the biggest cryptocurrency from Ricardo Salinas Pliego, Mexico’s third-richest man, who named Bitcoin the new gold. The price climbed above $35,000 as of Monday morning.

Read full article at Cointelegraph

Suicide Note Found in John McAfee’s Pocket as Wife Demands ‘Thorough Investigation’ of Death

Sputnik International 28 June, 2021 - 12:10pm

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A suicide note has been found in John McAfee’s pocket, according to the Associated Press who has cited a source close to the matter. The source refused to reveal what the note said and McAfee’s Spanish lawyer added that the family had not been informed about the note.

The news comes as the entrepreneur’s wife has called on Spanish authorities to conduct a "thorough investigation" into his death.

Janice McAfee said she spoke with her husband on the phone on the day he was found dead and argued that he didn’t sound suicidal. “His last words to me were 'I love you and I will call you in the evening'. Those words are not words of somebody who is suicidal”, said the 38-year-old.

The British-born entrepreneur was arrested in Barcelona last October on a warrant issued by prosecutors in Tennessee when he was about to fly to Istanbul on a UK passport. McAfee and his legal team maintained that he was being persecuted by US authorities for political and ideological reasons.

In recent years McAfee repeatedly claimed that US authorities were plotting to kill him and warned to spill the beans if something happens to him

​However, the Spanish judge dismissed the entrepreneur’s arguments and gave the go-ahead to McAfee's being extradited to the United States. He called him McAfee a "millionaire who doesn’t want to pay taxes".

McAfee himself admitted that he didn’t file tax returns in the United States for eight years, because he considers taxation "illegal".

He was found dead in his cell hours after the court approved his extradition. Spanish doctors said the autopsy could take days or weeks, but noted that everything at the scene suggests that the 65-year-old took his own life.

His wife blamed the US authorities for the tragedy. "Because of these politically motivated charges against him my husband is now dead. We had a plan of action in ,place to appeal that decision [on extradition to the US]”, said Janice McAfee.

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John McAfee reportedly had suicide note in pocket when found dead in Spanish cell

New York Post 28 June, 2021 - 06:50am

By Lee Brown

June 28, 2021 | 7:50am | Updated June 28, 2021 | 9:36am

Cybersecurity tycoon John McAfee had a suicide note in his pocket when he was found hanged in a Spanish cell while awaiting extradition to the US, according to a source familiar with the investigation.

The eccentric 75-year-old mogul had repeatedly insisted that US officials were out to kill him and would make it look like suicide — even getting a tattoo saying “$WHACKD” to highlight the theory.

But while his death last Wednesday sparked conspiracy theories, a source close to the investigation told the Associated Press that McAfee had a note on him when he was found dead in a penitentiary on the outskirts of Barcelona.

The source, who was not authorized to speak about an ongoing judicial inquiry, refused to comment on the content of the note, the wire service said.

McAfee’s Spanish lawyer, Javier Villalba, said the family had not been informed by authorities about the note.

McAfee’s body was found the day after Spain’s National Court had announced it was agreeing to his extradition to the US, where he faced up to three decades in prison for allegedly evading more than $4 million in taxes.

The antivirus software tycoon’s widow, Janice McAfee, on Friday demanded a “thorough investigation” of his death, saying her husband did not appear suicidal when they last spoke.

“His last words to me were ‘I love you and I will call you in the evening,’” the 38-year-old told reporters as she recovered her late husband’s belongings. 

“Those words are not words of somebody who is suicidal,” she said of the conversation hours before his body was found.

She had also shared her husband’s theory about US authorities wanting him to “die in prison” in a message just three days before his body was found.

“John’s honesty has often gotten him in trouble with corrupt governments and corrupt government officials because of his outspoken nature and his refusal to be extorted, intimidated or silenced,” wrote Janice, who first met McAfee while she was working as a prostitute.

McAfee had suggested his murder would be framed to look like suicide “a la Epstein” — having previously insisted that he did not believe late pedophile Jeffrey Epstein’s August 2019 death was suicide.

John McAfee's Hideout Was a Secret Bitcoin Mining Farm – Bitcoin News

Bitcoin News 27 June, 2021 - 08:00pm

by Kevin Helms

After John McAfee was reportedly found dead in his prison cell in Spain, reports have emerged that the antivirus tycoon’s hideout place was a secret bitcoin mining farm.

The place was a semi-abandoned hotel in Cambrils called Daurada Park Hotel, El Pais publication reported Friday. Cambrils is a coastal town in the province of Tarragona, Catalonia, Spain.

The hotel is dubbed “a ghost hotel” by the Spanish publication El Confidencial because reservations were pretty impossible to make as no one answered the phone even when the hotel was still operational. The publication tried to contact the hotel about the McAfee story back in 2018 but to no avail. There are few reviews of the hotel on Tripadvisor and none after 2017. Most reviewers found the hotel to be “terrible.”

Daurada Park Hotel was bought by an unidentified Russian businessman, the Diari de Tarragona previously reported. Authorities became suspicious of the hotel when a huge laser pointing at the sky was built on its roof. The Catalan police raided the premises in 2018 and found a bitcoin mining farm in the basement of the hotel that was operating 24-7. According to reports, the police lacked the authority to shut down the bitcoin mining operation at the time as cryptocurrency was an unregulated industry. The publication noted that it was unclear what happened to the mining farm. The hotel is now permanently closed.

McAfee recently said that the Feds suspected that he had some hidden cryptocurrencies, which he denied, adding that all of his assets had been seized by the Feds.

McAfee never said he was at this hotel. However, a group of computer enthusiasts pieced together clues from images and comments he posted online using methodologies, such as open-source intelligence, Spanish publications conveyed.

When the cybersecurity mogul said he was hiding out near Belarus, several clues placed him in Spain instead. Some of the images he posted on social media included his photos on beaches and balconies matching images on Google maps of the Daurada Park Hotel.

In March, during the coronavirus pandemic, McAfee shared photos of empty supermarkets where prices were in Catalan. He was also spotted earlier with a bottle of Catalan Sumarroca cava wine, Spanish Bezoya water bottles, and ATO cream which was also made there.

McAfee eventually admitted that he had been in Catalonia when he “visited Spain for a few days.” However, the group believed that this hotel was his long-term base. “He himself has said that he often came to Catalonia since 2018 or 2019 and it seems that he was based in this hotel,” they said.

The antivirus tycoon was arrested on Oct. 3 last year at the El Prat airport in Barcelona as he was planning to fly to Turkey. The next day McAfee was admitted to Brians 2 prison in Sant Esteve de Sesrovires after appearing before Spain’s high court. He was indicted by the U.S. Department of Justice in March. After the 75-year-old was found hung in his prison cell, speculation about him having a “dead man’s switch” began to circulate.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Banks and credit unions of all sizes can now facilitate the buying, selling, and holding of bitcoin within their banking platforms thanks to a collaboration between Finserv and New York Digital Investment Group (NYDIG). Finserv currently has about 10,000 financial ... read more.

Banks and credit unions of all sizes can now facilitate the buying, selling, and holding of bitcoin within their banking platforms thanks to a collaboration between Finserv and New York Digital Investment Group (NYDIG). Finserv currently has about 10,000 financial ... read more.

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