Bitcoin remains within range and is moving tight near the 50 MA in the daily. Currently, price is trading above 10,700 while price structure is still valid for a potential 50 MA break in the daily. Price behavior in the succeeding hours or days will dictate if price can reclaim 10,900 - 11,000 level. Key support is intact around 10,100 - 9,800.

Global market cap is at $342B, while BTC's market cap is at $199B.

Thai central bank issues $1.6B in government bonds on IBM blockchain
The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform.

The Bank of Thailand launched the world's first blockchain-based government savings bond issuance platform using IBM's blockchain technology. The use of blockchain technology has reduced the bond issuance time from 15 days to just two days, and has reduced operational cost and redundant validation of documents in the process. Within two weeks, the central bank has sold more than $1.6 billion worth of savings bonds.

Along with IBM, the central bank collaborated with seven other institutions, including the Public Debt Management Office, Thailand Securities Depository Co., Thai Bond Market Association, and four other banks.

John McAfee Arrested, Indicted for $23 Million Illegal Crypto Pumping and Tax Evasion in US | News Bitcoin News
John McAfee has been arrested and indicted for tax evasion, the U.S. Department of Justice announced. The cybersecurity entrepreneur has also been charged with fraudulently pumping cryptocurrencies by the U.S. Securities and Exchange Commission.

The U.S. Securities and Exchange Commission filed a suit against John McAfee on Oct. 5 for an alleged violation of U.S. securities law. According to the complaint, the violation was related to McAfee's alleged promotion of initial coin offerings (ICOs) without disclosing that the ICO issuers were paying him. From November 2017 to February 2018 McAfee was able to make more than $23.1 million in undisclosed compensation by recommending seven ICOs to his Twitter followers. This act is illegal and has provoked the SEC to check celebrities like Dj Khaled and Floyd Mayweather, who also promoted ICOs without disclosing financial interests.

In addition, the Justice Department announced the arrest of John McAfee in Spain for tax evasion and is awaiting extradition to the U.S.

MetaMask hits 1M monthly users thanks to DeFi boom
The booming DeFi sector is driving up MetaMask’s user base, with the popular Ethereum wallet report now reporting more than one million active monthly users

MetaMask, the Ethereum (ETH) wallet developed by ConsenSys, has reached over one million monthly active users for the first time. This record comes seven months after the wallet reached its first million users in total which suggests that this increase was brought by the recent parabolic rise of Decentralized Finance (DeFi). In an announcement, MetaMask shares top favored DeFi protocols by its users namely Uniswap, Yearn Finance, Curve, MakerDAO, and Aave.

This Daily Dose is brought to you by SCI News Channel.

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