{"id":86923,"date":"2020-10-11T22:00:33","date_gmt":"2020-10-11T19:00:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/"},"modified":"2020-10-11T22:00:33","modified_gmt":"2020-10-11T19:00:33","slug":"bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/","title":{"rendered":"#Bitcoin rallies, McAfee compares prison to Hilton, digital yuan airdrop"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a406316a5d12\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a406316a5d12\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#Top_Stories_This_Week\" >Top Stories This Week<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#12000_Bitcoin_price_back_on_the_table_after_BTC_rallies_above_11400\" >$12,000 Bitcoin price back on the table after BTC rallies above $11,400<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#SECs_conservative_approach_to_crypto_needs_to_change_%E2%80%9CCrypto_Mom%E2%80%9D_says\" >SEC\u2019s conservative approach to crypto needs to change, \u201cCrypto Mom\u201d says<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#BitMEX_founder_and_ex-CTO_out_on_5_million_bail_bond_until_court_appearance\" >BitMEX founder and ex-CTO out on $5 million bail bond until court appearance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#Shenzhen_to_hand_out_10_million_digital_yuan_in_currency_giveaway\" >Shenzhen to hand out 10 million digital yuan in currency giveaway<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#John_McAfee_arrested_in_Spain_on_tax_evasion_charges\" >John McAfee arrested in Spain on tax evasion charges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#Winners_and_Losers_At_the_end_of_the_week_Bitcoin_is_at_1137262_Ether_at_37351_and_XRP_at_025_The_total_market_cap_is_at_358488544443_Among_the_biggest_100_cryptocurrencies_the_top_three_altcoin_gainers_of_the_week_are_UMA_Ren_and_Storj_The_top_three_altcoin_losers_of_the_week_are_PumaPay_Hyperion_and_SushiSwap_For_more_info_on_crypto_prices_make_sure_to_read_Cointelegraphs_market_analysis_Most_Memorable_Quotations_%E2%80%9CIf_we_have_a_clear_winner_and_an_easy_transition_of_power_I_do_not_see_much_of_an_impact_on_the_price_per_coin_On_the_other_hand_if_we_have_a_close_andor_contested_election_we_should_see_a_bounce_in_risk-off_assets_like_gold_and_Bitcoin%E2%80%9D_BigCheds_trader_%E2%80%9CSome_are_betting_on_blue_some_betting_on_red_and_Im_betting_on_gold%E2%80%9D_Frank_Holmes_US_Global_Investors_CEO_%E2%80%9CAndre_said_he_wont_be_tweeting_anymore_People_got_what_they_asked_for_%E2%80%A6_Crypto_community_at_large_has_always_been_childish_and_irresponsible_which_is_the_reverse_of_what_Andre_has_been_preaching_This_witch_hunt_is_something_else_the_last_week_has_been_very_demoralizing%E2%80%9D_Banteg_Yearn_developer_%E2%80%9CThere_are_many_reasons_why_the_price_of_Bitcoin_can_rise_or_fall_but_S2F_is_not_one_of_them%E2%80%9D_Charlie_Morris_ByteTree_co-founder_%E2%80%9CThere_is_more_hype_around_NFTs_right_now_To_some_extent_its_an_extension_of_the_DeFi_excitement_We_have_seen_with_DeFi_that_once_a_trend_starts_it_creates_a_snowball_effect%E2%80%9D_Ilya_Abugov_DappRadar_project_manager_%E2%80%9CThe_crypto_market_has_been_engulfed_in_a_sea_of_red_this_week_with_most_DeFi_blue_chips_recording_double_digit_losses_over_the_past_7_days%E2%80%9D_Santiment_%E2%80%9CWhats_BitMEX_thinking_of_What_are_any_of_these_companies_thinking_of_that_they_can_operate_like_this_and_not_be_above_board_and_be_honest_and_have_a_high_level_of_integrity_and_be_transparent_What_do_they_think_is_going_to_happen_here%E2%80%9D_David_Carman_former_CBOE_trader_%E2%80%9CIve_never_been_this_excited_about_the_potential_of_Bitcoin_for_significant_price_appreciation_in_the_short_term_less_than_18_month_time_frame%E2%80%9D_Bill_Barhydt_Abra_CEO_%E2%80%9CConservative_Id_say_bitcoin_likely_sees_1_trillion_market_cap_within_2_years_probably_sooner_1_trillion_is_about_BTC_50k%E2%80%9D_Adam_Back_Blockstream_CEO_Prediction_of_the_Week_Bitcoin_pioneer_predicts_1_trillion_Bitcoin_market_cap_by_2022_or_%E2%80%9Csooner%E2%80%9D\" >Winners and Losers\n\u00a0\n\n\u00a0\nAt the end of the week, Bitcoin is at $11,372.62, Ether at $373.51 and XRP at $0.25. The total market cap is at $358,488,544,443.\nAmong the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are UMA, Ren and Storj. The top three altcoin losers of the week are PumaPay, Hyperion and SushiSwap.\nFor more info on crypto prices, make sure to read Cointelegraph\u2019s market analysis.\u00a0\nMost Memorable Quotations\n\u00a0\n\n\u201cIf we have a clear winner and an easy transition of power, I do not see much of an impact on the price per coin. On the other hand, if we have a close and\/or contested election, we should see a bounce in risk-off assets like gold and Bitcoin.\u201d\n\nBigCheds, trader\n\u00a0\n\n\u201cSome are betting on blue, some betting on red, and I\u2019m betting on gold.\u201d\n\nFrank Holmes, U.S. Global Investors CEO\n\u00a0\n\n\u201cAndre said he won\u2019t be tweeting anymore. People got what they asked for \u2026 Crypto community at large has always been childish and irresponsible, which is the reverse of what Andre has been preaching. This witch hunt is something else, the last week has been very demoralizing.\u201d\n\nBanteg, Yearn developer\n\u00a0\n\n\u201cThere are many reasons why the price of Bitcoin can rise or fall, but S2F is not one of them.\u201d\n\nCharlie Morris, ByteTree co-founder\n\u00a0\n\n\u201cThere is more hype around NFTs right now. To some extent it\u2019s an extension of the DeFi excitement. We have seen with DeFi that once a trend starts it creates a snowball effect.\u201d\n\nIlya Abugov, DappRadar project manager\n\u00a0\n\n\u201cThe crypto market has been engulfed in a sea of red this week, with most DeFi blue chips recording double digit losses over the past 7 days.\u201d\n\nSantiment\n\u00a0\n\n\u201cWhat\u2019s BitMEX thinking of? What are any of these companies thinking of that they can operate like this and not be above board and be honest and have a high level of integrity, and be transparent. What do they think is going to happen here?\u201d\n\nDavid Carman, former CBOE trader\n\u00a0\n\n\u201cI\u2019ve never been this excited about the potential of #Bitcoin for significant price appreciation in the short term (less than 18 month time frame.)\u201d\n\nBill Barhydt, Abra CEO\n\u00a0\n\n\u201cConservative. I\u2019d say #bitcoin likely sees $1 trillion market cap within 2 years, probably sooner. $1 trillion is about BTC $50k.\u201d\n\nAdam Back, Blockstream CEO\n\u00a0\n\nPrediction of the Week\n\nBitcoin pioneer predicts $1 trillion Bitcoin market cap by 2022 or \u201csooner\u201d<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#FUD_of_the_Week\" >FUD of the Week<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#Coinbase_hemorrhages_employees_following_controversial_culture_stance\" >Coinbase hemorrhages employees following controversial culture stance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#Multimillionaire_Dick_Smith_threatens_to_sue_The_Guardian_over_Bitcoin_scam_ads\" >Multimillionaire Dick Smith threatens to sue The Guardian over Bitcoin scam ads<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#75_crypto_exchanges_have_closed_down_so_far_in_2020\" >75 crypto exchanges have closed down so far in 2020<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#Best_Cointelegraph_Features\" >Best Cointelegraph Features<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#North_Korean_crypto_hacking_Separating_fact_from_fiction\" >North Korean crypto hacking: Separating fact from fiction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#These_are_the_end_days_for_crypto_criminals_and_good_riddance\" >These are the end days for crypto criminals, and good riddance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop\/#NFTs_take_on_DeFi_Nonfungible_tokens_push_to_be_the_next_crypto_craze\" >NFTs take on DeFi? Nonfungible tokens push to be the next crypto craze<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Bitcoin rallies, McAfee compares prison to Hilton, digital yuan airdrop<\/strong>&#8221;<\/p>\n<div>\n<p style=\"text-align: center;\"><i>Coming every Sunday, <\/i><i>Hodler\u2019s Digest<\/i><i> tracks every important crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> story from the previous week. Essential reading for all Hodlers!<\/i><\/p>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Top_Stories_This_Week\"><\/span><b>Top Stories This Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"12000_Bitcoin_price_back_on_the_table_after_BTC_rallies_above_11400\"><\/span><b>$12,000 Bitcoin price back on the table after BTC rallies above $11,400<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><b>At last. <\/b><span style=\"font-weight: 400;\">Bitcoin rallied to <\/span><b>$11,448 <\/b><span style=\"font-weight: 400;\">on Friday, finally breaking above the symmetrical triangle where the price had been compressing for the past 30 days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier in the week, BTC had dropped to <\/span><b>$10,528<\/b><span style=\"font-weight: 400;\"> when Donald Trump suggested <\/span><span style=\"font-weight: 400;\">negotiations on a second stimulus package<\/span><span style=\"font-weight: 400;\"> wouldn\u2019t h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en until after the election.<\/span><\/p>\n<p><b>But there were reasons to be cheerful. <\/b><span style=\"font-weight: 400;\">In a surprise move, Square <\/span><span style=\"font-weight: 400;\">announced it had acquired 4,709 BTC<\/span><span style=\"font-weight: 400;\">, describing it as an \u201cinstrument of economic empowerment.\u201d <\/span><b>This helped Bitcoin turn bullish \u2014 bringing $12,000 back into view.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">DeFi tokens followed BTC\u2019s bullish trend, with Yearn.finance <\/span><span style=\"font-weight: 400;\">surging by 58% in a 72-hour period<\/span><span style=\"font-weight: 400;\">. <\/span><b>Also this week, Wrapped Bitcoin <\/b><b>topped $1 billion in total value locked<\/b><b> after a 900% increase in two months.<\/b><\/p>\n<p><b>All eyes now are on the U.S. election, and whether it\u2019ll impact Bitcoin\u2019s price. <\/b><span style=\"font-weight: 400;\">One trader, \u201cBigCheds,\u201d told Cointelegraph <\/span><span style=\"font-weight: 400;\">a clear winner won\u2019t affect crypto<\/span><span style=\"font-weight: 400;\"> too much, but he believes \u201cwe should see a bounce in risk-off assets like gold and Bitcoin\u201d if the result is contested.<\/span><\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"SECs_conservative_approach_to_crypto_needs_to_change_%E2%80%9CCrypto_Mom%E2%80%9D_says\"><\/span><b>SEC\u2019s conservative approach to crypto needs to change, \u201cCrypto Mom\u201d says<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Hester Peirce \u2014 <\/span><b>the SEC commissioner affectionately known as \u201cCrypto Mom\u201d<\/b><span style=\"font-weight: 400;\"> \u2014 has said the regulator\u2019s conservative attitude to crypto needs to change.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an interview with Cointelegraph, she admitted that the Securities and Exchange Commission has been \u201cvery slow\u201d in giving guidance, even though interest in digital assets is growing.<\/span><\/p>\n<p><b>\u201cI think we\u2019re going to be forced to confront that more and more in the coming years,\u201d Peirce said.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In other regulation news, U.S. Attorney <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> William Barr <\/span><span style=\"font-weight: 400;\">published official guidelines<\/span><span style=\"font-weight: 400;\"> for keeping crypto markets accountable and said the space could \u201cfundamentally transform\u201d society. <\/span><b>His framework gives examples of crypto being used legitimately and illegally and sets out a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> plan for the future.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the Department of Justice said it has <\/span><span style=\"font-weight: 400;\">jurisdiction over foreign crypto companies that touch U.S. servers<\/span><span style=\"font-weight: 400;\"> and warned \u201crogue states\u201d such as Russia, Iran and North Korea could use crypto to fund cyberattacks designed to undermine national security.<\/span><\/p>\n<p><b>You can watch Hester Peirce\u2019s interview with Cointelegraph <\/b><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=MOTp6j8yszs\"><b>here<\/b><\/a><b>.<\/b><\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"BitMEX_founder_and_ex-CTO_out_on_5_million_bail_bond_until_court_appearance\"><\/span><b>BitMEX founder and ex-CTO out on $5 million bail bond until court appearance<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">BitMEX\u2019s former chief technical officer, Samuel Reed, has been released from custody after signing a $5-million bond.<\/span><\/p>\n<p><b>He was arrested on Oct. 1 after being accused of flouting money-laundering rules in violation of the Bank Secrecy Act, as well as illegally offering derivatives trading to U.S. retail customers.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Reed has deposited $500,000 in cash with the court as part of the agreement, and his bond will be forfeited if he fails to appear in court or doesn\u2019t surrender to serve any sentence the court may impose. <\/span><b>His passport has also been seized.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">His fellow co-founders and colleagues \u2014 Arthur Hayes, Ben Delo and Gregory Dwyer \u2014 are all indicted with the same charges and remain \u201cat large.\u201d<\/span><\/p>\n<p><b>BitMEX announced <\/b><b>sweeping changes to its top leadership<\/b><b> this week, meaning the exchange\u2019s three co-founders will no longer hold executive roles. <\/b><span style=\"font-weight: 400;\">But David Carman, a former Chicago Board Options Exchange trader, told Cointelegraph that <\/span><span style=\"font-weight: 400;\">the damage may already have been done<\/span><span style=\"font-weight: 400;\">, and the legal drama could scare off mainstream institutions. <\/span><\/p>\n<h4\/><span class=\"ez-toc-section\" id=\"Shenzhen_to_hand_out_10_million_digital_yuan_in_currency_giveaway\"><\/span>\n<h4><b>Shenzhen to hand out 10 million digital yuan in currency giveaway<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><b>Even central bank digital currencies can have an airdrop.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Chinese city of Shenzhen is distributing 10 million digital yuan (worth $1.5 million) to 50,000 lucky recipients through a lottery system.<\/span><\/p>\n<p><b>Winners will have one week to spend their prize at more than 3,300 merchants in the city\u2019s Luohu District.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">All of this comes as the Chinese government continues to promote the digital yuan to the public \u2014 and a pilot program is currently taking place in nine cities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In other CBDC news this week, seven central banks joined the Bank for International Settlements in producing a <\/span><span style=\"font-weight: 400;\">report that sets out how these digital assets should be designed<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><b>But in a rather curious development, BIS admitted that none of the central banks involved in the research have actually decided whether they\u2019ll issue a CBDC of their own.<\/b><\/p>\n<h4><b><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-6356 size-large\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_3-1024x767.jpg\" alt=\"\" width=\"1024\" height=\"767\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_3-1024x767.jpg 1024w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_3-300x225.jpg 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_3-770x577.jpg 770w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_3-750x562.jpg 750w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_3-1140x854.jpg 1140w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_3.jpg 1450w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/b><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"John_McAfee_arrested_in_Spain_on_tax_evasion_charges\"><\/span><b>John McAfee arrested in Spain on tax evasion charges<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">John McAfee has been arrested in Spain on tax evasion charges, and he is now awaiting extradition to the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He faces five counts of tax evasion covering the years 2014 to 2018, and if convicted, he could face a sentence of five years in prison and a $250,000 fine for each count. McAfee has also been charged with five counts of willful failure to file taxes.<\/span><\/p>\n<p><b>On the same day, the U.S. Securities and Exchange Commission filed a suit against McAfee for allegedly promoting ICOs without disclosing he had been paid to do so. <\/b><span style=\"font-weight: 400;\">It\u2019s claimed that he earned $23 million as a result.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a message conveyed through his wife, Janice, McAfee said: \u201cHello from prison my friends. I am having a fascinating time. Spanish prison is not that bad. We can wear whatever clothes we want. We can smoke and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a>ize. <\/span><b>It\u2019s like the Hilton without turn down service.<\/b><span style=\"font-weight: 400;\">\u201d<\/span><\/p>\n<h4\/>\n<h2 style=\"text-align: center;\"><b>Winners and Losers<\/b><\/h2>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-6357 size-large\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Winners-and-Losers_oct-5-11-01-1024x826.jpg\" alt=\"\" width=\"1024\" height=\"826\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Winners-and-Losers_oct-5-11-01-1024x826.jpg 1024w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Winners-and-Losers_oct-5-11-01-300x242.jpg 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Winners-and-Losers_oct-5-11-01-770x621.jpg 770w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Winners-and-Losers_oct-5-11-01-750x605.jpg 750w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Winners-and-Losers_oct-5-11-01-1140x920.jpg 1140w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Winners-and-Losers_oct-5-11-01.jpg 1450w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/span><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">At the end of the week, Bitcoin is at <\/span><b>$11,372.62<\/b><span style=\"font-weight: 400;\">, Ether at <\/span><b>$373.51<\/b><span style=\"font-weight: 400;\"> and XRP at <\/span><b>$0.25<\/b><span style=\"font-weight: 400;\">. The total market cap is at <\/span><b>$358,488,544,443<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are <\/span><b>UMA<\/b><span style=\"font-weight: 400;\">, <\/span><b>Ren <\/b><span style=\"font-weight: 400;\">and <\/span><b>Storj<\/b><span style=\"font-weight: 400;\">. The top three altcoin losers of the week are <\/span><b>PumaPay<\/b><span style=\"font-weight: 400;\">, <\/span><b>Hyperion <\/b><span style=\"font-weight: 400;\">and <\/span><b>SushiSwap<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For more info on crypto prices, make sure to read <\/span><span style=\"font-weight: 400;\">Cointelegraph\u2019s market analysis<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h2 style=\"text-align: center;\"><b>Most Memorable Quotations<\/b><\/h2>\n<p>\u00a0<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cIf we have a clear winner and an easy transition of power, I do not see much of an impact on the price per coin. On the other hand, if we have a close and\/or contested election, we should see a bounce in risk-off assets like gold and Bitcoin.\u201d<\/span><\/p>\n<\/blockquote>\n<p><b>BigCheds<\/b><b>, trader<\/b><\/p>\n<p>\u00a0<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cSome are betting on blue, some betting on red, and I\u2019m betting on gold.\u201d<\/span><\/p>\n<\/blockquote>\n<p><b>Frank Holmes<\/b><b>, U.S. Global Investors CEO<\/b><\/p>\n<p>\u00a0<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cAndre said he won\u2019t be tweeting anymore. People got what they asked for \u2026 Crypto community at large has always been childish and irresponsible, which is the reverse of what Andre has been preaching. This witch hunt is something else, the last week has been very demoralizing.\u201d<\/span><\/p>\n<\/blockquote>\n<p><b>Banteg<\/b><b>, Yearn developer<\/b><\/p>\n<p>\u00a0<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cThere are many reasons why the price of Bitcoin can rise or fall, but S2F is not one of them.\u201d<\/span><\/p>\n<\/blockquote>\n<p><b>Charlie Morris<\/b><b>, ByteTree co-founder<\/b><\/p>\n<p>\u00a0<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cThere is more hype around NFTs right now. To some extent it\u2019s an extension of the DeFi excitement. We have seen with DeFi that once a trend starts it creates a snowball effect.\u201d<\/span><\/p>\n<\/blockquote>\n<p><b>Ilya Abugov<\/b><b>, DappRadar project manager<\/b><\/p>\n<p>\u00a0<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cThe crypto market has been engulfed in a sea of red this week, with most DeFi blue chips recording double digit losses over the past 7 days.\u201d<\/span><\/p>\n<\/blockquote>\n<p><b>Santiment<\/b><\/p>\n<p>\u00a0<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cWhat\u2019s BitMEX thinking of? What are any of these companies thinking of that they can operate like this and not be above board and be honest and have a high level of integrity, and be transparent. What do they think is going to happen here?\u201d<\/span><\/p>\n<\/blockquote>\n<p><b>David Carman<\/b><b>, former CBOE trader<\/b><\/p>\n<p>\u00a0<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cI\u2019ve never been this excited about the potential of #Bitcoin for significant price appreciation in the short term (less than 18 month time frame.)\u201d<\/span><\/p>\n<\/blockquote>\n<p><b>Bill Barhydt<\/b><b>, Abra CEO<\/b><\/p>\n<p>\u00a0<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cConservative. I\u2019d say #bitcoin likely sees $1 trillion market cap within 2 years, probably sooner. $1 trillion is about BTC $50k.\u201d<\/span><\/p>\n<\/blockquote>\n<p><b>Adam Back<\/b><b>, Blockstream CEO<\/b><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-6358 size-large\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_1-1024x767.jpg\" alt=\"\" width=\"1024\" height=\"767\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_1-1024x767.jpg 1024w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_1-300x225.jpg 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_1-770x577.jpg 770w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_1-750x562.jpg 750w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_1-1140x854.jpg 1140w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_1.jpg 1450w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/span><\/p>\n<h2 style=\"text-align: center;\"><b>Prediction of the Week<\/b><\/h2>\n<h4\/>\n<h4><b>Bitcoin pioneer predicts $1 trillion Bitcoin market cap by 2022 or \u201csooner\u201d<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Adam Back has said it is \u201cconservative\u201d to think that Bitcoin will hit a $1-trillion market cap by 2025 \u2014 <\/span><b>and believes it could happen within two years.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This would result in Bitcoin surging to a price of approximately <\/span><b>$50,000 <\/b><span style=\"font-weight: 400;\">per coin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For the Blockstream CEO\u2019s prediction to come true, Bitcoin\u2019s market cap would need to increase by almost 400%, given how it currently has a valuation of about $210 billion.<\/span><\/p>\n<p><b>Other crypto executives also believe there\u2019s a lot to get excited about.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Bill Barhydt, the CEO of the payments gateway Abra, <\/span><span style=\"font-weight: 400;\">tweeted<\/span><span style=\"font-weight: 400;\"> this week: <\/span><b>\u201cI\u2019ve never been this excited about the potential of #Bitcoin for significant price appreciation in the short term (less than 18 month time frame.)\u201d<\/b><\/p>\n<p><span style=\"font-weight: 400;\">He believes that we could see a retest of all-time highs at $20,000 \u2014 sparking \u201ca run to $50,000 and beyond.\u201d<\/span><\/p>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"FUD_of_the_Week\"><\/span><b>FUD of the Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Coinbase_hemorrhages_employees_following_controversial_culture_stance\"><\/span><b>Coinbase hemorrhages employees following controversial culture stance<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">At least 60 Coinbase employees are planning to leave the exchange after controversial adjustments were made to the company\u2019s policies.<\/span><\/p>\n<p><b>Coinbase\u2019s CEO, Brian Armstrong, had said that staff would be expected to avoid political and social distractions and focus on building \u201can open financial system for the world.\u201d <\/b><span style=\"font-weight: 400;\">Employees who felt uncomfortable with this direction were invited to accept a \u201cgenerous exit package\u201d worth between four and six months\u2019 pay.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Armstrong has now revealed that about 5% of Coinbase\u2019s workforce has decided to accept the offer, and additional workers have expressed an interest in leaving as well.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some had feared that the cultural shift would affect the company\u2019s \u201cunder-represented minority population.\u201d <\/span><b>But according to Armstrong, people from such groups have not taken the severance package in disproportionate numbers.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In an email to the staff left standing, he wrote: \u201cWhile having team members leave is never easy, I think we will emerge as a more aligned company from this. From time to time we need to rearticulate and clarify our cultural norms as we continue scaling.\u201d<\/span><\/p>\n<h4\/><span class=\"ez-toc-section\" id=\"Multimillionaire_Dick_Smith_threatens_to_sue_The_Guardian_over_Bitcoin_scam_ads\"><\/span>\n<h4><b>Multimillionaire Dick Smith threatens to sue The Guardian over Bitcoin scam ads<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">One of Australia\u2019s best-known entrepreneurs has threatened to sue The Guardian after it hosted ads that linked to fake articles suggesting he is promoting a fake Bitcoin investment scheme.<\/span><\/p>\n<p><b>Dick Smith has vowed to start defamation proceedings against the media outlet within 14 days unless his legal team receives a satisfactory response.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Although The Guardian has been taking down ads once notified, Smith\u2019s lawyer warned \u201cthat does not prevent Australian readers from falling victim to this prolific cryptocurrency scam.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Smith has been battling the ads on various platforms for months. <\/span><b>In his case, the fake articles were about \u201chow to make money easy\u201d and \u201cget rich in a few days\u201d using cryptocurrency.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Several high-profile individuals \u2014 including the Dutch billionaire John de Mol and the British financial expert Martin Lewis \u2014 have also taken legal action after scam ads featuring their image were found on Facebook.<\/span><\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"75_crypto_exchanges_have_closed_down_so_far_in_2020\"><\/span><b>75 crypto exchanges have closed down so far in 2020<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Crypto exchanges are disappearing at a fast rate this year. At least 75 of them have shut down due to hacks or scams, with some simply vanishing into thin air.<\/span><\/p>\n<p><b>According to research by the Crypto Wisser Exchange Graveyard, five of the exchanges are believed to have been scams, four were hacked, 31 were shut down voluntarily, and 34 were labeled \u201cMIA\u201d for disappearing with no explanation. <\/b><span style=\"font-weight: 400;\">Two were shut down by governments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are some macro trends that help explain why so many smaller exchanges are failing. The growth of DeFi and the rise of decentralized exchanges in 2020 have put the final nail in the coffin for many smaller operations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulatory pressure has also increased since the early days of the industry, and many exchanges simply haven\u2019t been able to keep up with the requirements.\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Best_Cointelegraph_Features\"><\/span><b><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-6359 size-large\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_2-1024x767.jpg\" alt=\"\" width=\"1024\" height=\"767\" srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_2-1024x767.jpg 1024w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_2-300x225.jpg 300w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_2-770x577.jpg 770w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_2-750x562.jpg 750w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_2-1140x854.jpg 1140w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/Digest_10-10_2.jpg 1450w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/>Best Cointelegraph Features<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"North_Korean_crypto_hacking_Separating_fact_from_fiction\"><\/span><b>North Korean crypto hacking: Separating fact from fiction<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">How do North Korea\u2019s hacking groups operate, how serious is the issue, and what can be done to stop them? Cointelegraph Magazine\u2019s Alex Cohen takes a look.<\/span><\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"These_are_the_end_days_for_crypto_criminals_and_good_riddance\"><\/span><b>These are the end days for crypto criminals, and good riddance<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Nobody who believes in crypto wants it to be a sector beholden to criminality or poor commitment to security, Paul de Havilland argues.<\/span><\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"NFTs_take_on_DeFi_Nonfungible_tokens_push_to_be_the_next_crypto_craze\"><\/span><b>NFTs take on DeFi? Nonfungible tokens push to be the next crypto craze<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">NFTs have been gaining traction in the background, but where is the industry headed? Ant\u00f3nio Madeira takes a look.\u00a0<\/span><\/p>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/magazine\/2020\/10\/11\/bitcoin-rallies-mcafee-compares-prison-to-hilton-digital-yuan-airdrop-hodlers-digest-oct-5-11\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Bitcoin rallies, McAfee compares prison to Hilton, digital yuan airdrop&#8221; Coming every Sunday, Hodler\u2019s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers! \u00a0 Top Stories This Week \u00a0 $12,000 Bitcoin price back on the table after BTC rallies above $11,400 At last. Bitcoin rallied to $11,448 on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":86924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2020\/10\/5-11oct.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-86923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/86923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=86923"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/86923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/86924"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=86923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=86923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=86923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}