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This Week in Bitcoin: McAfee Backs Off, Crypto World Cup and the Mystery of 21e8


In this week's daily Bitcoin in Brief editions we reported about McAfee's decision to stop shilling ICOs, crypto businesses' involvement in the 2018 FIFA World Cup and much more. We also explored, in this week's most commented-on article, a secret mathematical code that tantalizes the imagination of many bitcoiners.

New York to Istanbul

On Monday, we reported that Xapo, the company providing wallet, cold storage, and bitcoin-based debit card services, has received a New York Bitlicense. The NY regulator said it has conducted a comprehensive review of Xapo's operations, including the company's anti-money laundering, anti-fraud, capitalization, consumer protection, and cybersecurity policies. With the license, Xapo will be authorized to offer a digital wallet and a vault service, and be subject to ongoing supervision. Additionally covered was a currency exchange shop in Istanbul that placed a bitcoin sign to attract the many shoppers and tourists that visit the Grand Bazaar every day.

All Because of Football

This Week in Bitcoin: McAfee Backs off, Crypto World Cup and the Mystery of 21e8

The 2018 FIFA World Cup and the involvement of crypto companies in the event were the main focus on Tuesday. Cryptocup is a blockchain-based game that allows football fans to make predictions and even bet on the matches. Gamers can create their own tokens, or golden tickets, used to make predictions for the 64 games of the championship. And gaming businesses are not the only ones trying to exploit the football fever. The web is full of sites with malicious content related to the huge event, including hidden crypto miners, according to a study by the antivirus developer ESET.

Day of Reckoning for ICOs

John McAfee's decision to stop shilling ICOs was the top headline on Wednesday. The antivirus pioneer said he is no longer working with ICOs nor is he going to keep recommending them. The reasons McAfee gave for the move are "SEC threats" and that "those doing ICOs can all look forward to arrest. Additional stories included Bittorrent trying to reassure users it won't cryptojack them to mine tron following the $120 million takeover over by Justin Sun, Binance's latest venture in collaboration with the Malta Stock Exchange, a tether replacement getting VC backing, and Paris Hilton's dad getting into crypto by selling a multi-million Mansion in Rome.

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