Daily Crypto NewsEDITION #45, 07 October 2020

Man proposes, God disposes

Hey #Moni Maker 👌

Today, in 1826, the first U.S. railroad was opened in Massachusetts. Since then, humanity has witnessed rapid growth in both industry and economic activity. But the industrial revolution has its drawbacks. Among many others, such development has led to increased levels of financial inequality. About 200 years later, cryptocurrencies emerged, and they are designed to help balance the global financial situation. So let's check out another day in crypto news - we strongly encourage you not to miss this ride! 🎢

The SEC and the U.S. Department of Justice filed a case against John MacAfee for shilling ICOs between 2017 and 2018/ John just forgot to tell you guys that he was profiting from this activity. And taxes, of course, he forgot to pay taxes.

McAfee received about $11.6 million in BTC and ETH and another $11.5 million in projects' tokens. In total, he received $23 million for shilling projects that collected $41 million.

On Monday, SEC and DOJ raised questions, and on Tuesday night, McAfee and his guard were already arrested in Spain. John will be extradited to the USA and serve up to 5 years if his guilt is proved.

So what?

Is there a competition between the regulators to take down the biggest crypto-enthusiast in the USA?!

MacAfee is an interesting character, and he really deserves attention.

Of course, the attention of the public, not police... although we will find out soon. Anyway, why did someone decide to give a f@ck about crypto? Maybe they should clean up the banking sector first?!

You should wipe the dust in the room only when there is no garbage in the hallway. Get This Metaphor!

Bloomberg analysts wrote in a new report that the price of Bitcoin over the next four years might repeat the observed scenario from 2016 to 2020.

Analysts recalled that over the past four years, Bitcoin has risen from $1,000 to $10,000. And if the trend repeats, the BTC price may rise to $100,000 by the end of 2025.

The key factor of future growth will be Bitcoin's scarcity, because at the moment, the miners have already produced 88% of all bitcoins, and the rest will take another 120 years. The fact that Bitcoin becomes a "digital substitute for gold" also plays an important role. And, of course, Bitcoin-ETF, which will make it easier for large funds' managers and private investors to buy bitcoin, as ETF did for gold in 2004. The launch of Bitcoin-ETF is only a matter of time, Bloomberg analysts say.

So what?

It's great to make money, of course, but personally, we still care more about the mass adoption. We would like to order pizza via Uber eats and pay with, say USDT, then go out to a cyber street and fly the Tesla to meet friends.

Cyberpunk we deserved!

$1 invested in Bitcoin on October 6, 2009 (when the price of BTC was first set), today would bring $13.9 million, and $1 invested in gold would turn into $1.45 (one dollar and forty-five cents, not millions).

So what?

Pirates of the Economic Sea. Where a ship's captain summons BITCOIN and Bitcoin takes over all the assets one by one.

Okay, jokes aside, to change the public consciousness definitively, we need to come up with trinkets of jewelry more beautiful than gold. With Bitcoin logo.

Any ideas?

MetaMask wallet developers reported in their blog that since May 2019, the number of active wallet users increased by 400% from 264,000 in May 2019 to more than 1 million in October 2020.

Such a significant growth in the number of new users has contributed to the DeFi boom and the launch of a mobile version of a wallet.

So what?

Excellent job, guys! We wish you to break the 10M mark. Let other players break their hearts :D

— The Financial Services Authority of Great Britain introduces a ban on crypto-derivatives; the ban comes into force on January 6, 2021.