CryptoMarketsWiki page of the day

Alexander Vinnik, the alleged operator of a bitcoin exchange responsible for stealing millions of dollars worth of cryptocurrency, may face 10 years of jail time and a 750,000 euro fine, which was requested by his prosecutors Friday.

The CFTC has published an advisory to futures commission merchants (FCMs) about holding virtual currencies in segregated accounts and designing risk management programs.

PayPal will begin offering cryptocurrency buying and selling services starting in 2021 after partnering with Paxos Crypto Brokerage.

Central Bank Digital Currencies “might improve the payment system,” according to Fed Chairman Jerome Powell, but there was still a lot of work to do before such a currency can be implemented effectively.

Miners at Filecoin have gone on strike just one day after its highly anticipated mainnet launch on Oct. 15. Five of its largest miners turned off their machines to protest the project’s “unfair” economic model.

OKEx has halted all cryptocurrency withdrawals due to complications involving an investigation by Chinese police.

Grayscale Investments reportedly gained over $1 billion in new investments in Q3 of 2020. Earlier this week, the company’s Ethereum Investment Trust also became an SEC-reporting company.

Chainalysis announced that its revenue grew 100 percent year-over-year in Q3 of 2020. The firm says much of its success has been due to new customers from the public sector.

While several of the group’s members are actively investigating issuing their own e-moneys, Reuters reports that the G7 is preparing formally to slam Facebook’s Libra because it lacks regulation. The group made a similar statement last October. 

Against a backdrop of defi-fueled demand for the second largest cryptocurrency, Ethereum derivatives on foreign exchanges are setting trading volume records.

Digital payments processor Square announced that it had put 1% of its assets into bitcoin. The company bought 4,709 bitcoin worth $50 million over-the-counter on October 7. 

EOS announced that Google Cloud will soon become a block producer for the protocol. Google’s interest in the protocol was mainly in providing data services and learning more about serving clients with distributed ledgers.

The U.K. Financial Conduct Authority (FCA) has announced a ban on cryptocurrency derivatives in the U.K. starting January 6, 2020.

Famous for his eponymous antivirus software, John McAfee was charged by the SEC for pumping ICOs in his twitter account and not disclosing that he was paid more than $23 million to do so. He is jailed in Spain pending extradition on 10 counts of unrelated tax fraud.