MGT Capital Investments, Inc has announced the appointment of Roger Ver, a well known and respected name in the bitcoin ecosystem, as the Chairman of the company's newly formed "Cryptocurrency Advisory Board", effective immediately.
The Cryptocurrency Advisory Board will ensure that the company remains current in the protection of this critical field and provide the most state of the art products to its customers.
"Roger and I both understand that cryptocurrencies are here to stay and that the greatest risk to cryptocurrency users is the uneven security surrounding these currencies. Even the most experienced Bitcoin user, for example, risks financial loss if a clever hacker targets them. Key loggers and screen capture spyware – which can easily be planted on mobile device or laptops by simply visiting a website, among other simple means of infiltration – can override most security features of existing wallets. If these types of cyber threats are not remedied, the world risks financial chaos as cryptocurrencies are widely adopted," said John McAfee, proposed Executive Chairman and Chief Executive Officer of MGT Capital.
Ver is one of the early investors in digital currency Bitcoin and his venture MemoryDealers.com, a website that sells discounted computer parts, was the first mainstream business to accept bitcoins as payment. Since then, he has been actively involved in the cryptocurrency industry and has helped seed nearly a dozen different businesses involving bitcoin, earning him the nickname the "Bitcoin Jesus."
In addition, Ver has also made notable bitcoin-based charitable donations over the past several years. In December 2013, he donated 1,000 bitcoins (valued at more than $1 million at the time), the largest Bitcoin donation at the time, to the Foundation for Economic Education. Most recently, Ver was in news for offering U.S. presidential candidate Bernie Sanders $100k in the form of a bitcoin donation to be made in his name to a charity if he would engage in a debate with Adam Kokesh, Iraq War veteran and talk show host.
MGT Capital Investments, Inc is in the process of acquiring a diverse portfolio of cyber security technologies. Led by cyber security industry pioneer John McAfee, the company is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smart phones. It is currently in the process of acquiring security technology companies D-Vasive and Demonsaw. After completing these acquisitions, MGT Capital intends to change its corporate name to "John McAfee Global Technologies, Inc."
