At the end of the week, we take stock of what has been written about these seven days and collect everything that is relevant for fans of cryptographic and decentralised technology. This week there was an „unannounced hardfork“ on the airwaves, PayPal opened a cryptographic service for American users, and the Russian Ministry of Finance presented a package of laws regulating the cryptosphere. At the same time, the agency took the initiative to amend the Criminal Code. In particular, it is proposed to introduce imprisonment for those Russians who will not declare their cryptocurrency. Alexei Moiseev, Deputy Finance Minister, commented on his agency’s initiative.

Views
According to American billionaire Stanley Drakenmiller, Bitcoin will be a key form of capital storage for future generations of investors.

Billionaire and founder of Bridgewater Associates hedge fund Ray Daglio believes that governments will outlaw Bitcoin if it becomes very successful.

Bill Miller, investor and founder of Miller Value Partners, said the risks of Bitcoin dropping to zero were „lower than ever before“ and predicted an increase in institutional investment in cryptographic currency.

A popular cryptographic analyst PlanB predicts the price of bitcoin to rise between $100,000 and $288,000 by December 2021.

SEC Commissioner Esther Pierce, known as the „cryptomama“, has once again highlighted the need for effective regulation of relations in the block industry.

Estimates .
From January to October 2020, the number of cryptovoltaic terminals worldwide increased dramatically.

According to a new report by JPMorgan, the return on Grayscale’s bitcoin trust outperforms exchange-traded funds (ETFs) for gold, a trend possibly driven by institutional investors.

According to a new report by CipherTrace, the number of cryptovolent crimes declined in 2020, but the growing decentralised finance sector (DeFi) is attracting more and more fraudsters. According to Crystal Blockchain, in the last nine years cybercriminals have been able to steal about $7.6 billion in the crypt currency.

The DeFi market continues to expand rapidly. The Dune Analytics team has noticed an increase in the number of ecosystem users.

Deutsche Bank analysts are confident that digital central bank currencies (CBDC) will replace cash in the future.

Ripple first bought out $46 million worth of XRP tokens in the third quarter of 2020, despite the fact that it already owns almost half of the offer of this digital asset.

Exchanges
Binance began blocking access to its main trading platform for US residents. Binance also launched a pool for airmarketing. Amid rumours of the arrest of Huobi’s top manager, the inflow of bitcoins to Binance reached a record high.

Gemini is developing Wrapped Filecoin (wFIL), a blockaded version of the Filecoin decentralised storage platform (FIL) coin.

KuCoin recovered 84% of its assets after the hacking on 25 September.

The mining pool of the OKEx exchange lost almost all of its hash on the suspension of withdrawals.

Due to „regulatory risks“, the trading platform ShapeShift has delisted Zcash (ZEC), Monero (XMR) and Dash (DASH). Dash Core Group CFO Glenn Austen said he found the delisting particularly disappointing as their crypt currency is not an ‚anonymous coin‘.

Audit firm Grant Thornton, which manages the liquidation process of New Zealand’s Cryptopia Crypt exchange, plans to start the process of registering user applications for asset recovery in early December.

Interest in the DeFi market has led to a historic high in the third quarter of 2020 for the Decentralised Cryptoria Exchanges (DEX).

Regulation
According to Christine Lagarde, head of the European Central Bank, in 2021 the regulator will make the final decision to launch the digital euro (CBDC).

The government of Abkhazia has recently decided to legalise mining. At the same time, it obliged all owners of cryptographic equipment to register in a special register. This week the Deputy Head of the Ministry of Economy Teimuraz Mikvabiya said that by November 10 65 mining farms had been registered in the register.

The list of states whose central banks are thinking about launching their own digital currency (CBDC) has been added to Lebanon. This country is in the midst of a severe economic crisis and needs the inflow of foreign capital and modernisation of its financial infrastructure.

Analyst company Chainalysis is launching a new service that will help the authorities to store and sell cryptov currencies after they are confiscated.