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Write-up:
What Moved Global Markets
– Wall Street’s three main indexes hit record highs on Monday, lifted by gains in energy and technology stocks on hopes of a U.S.-China trade deal and an improving domestic economy.
– European shares close at their highest level in nearly two years. Expectations had been low for third-quarter earnings from European companies, and most firms have surpassed estimates four weeks into the reporting season.
– Thai leader Recep claims ASEAN + India + China will sign a mega trade deal in 2020.
– The IMF thinks Guyana, a country of about 780,000 which shares a border with Brazil, Suriname and Venezuela in the northeast of South America, will see economic growth of 86% next year. The nation is poised to start oil production next month.
Crypto Prices (from CoinMarketCap)
Bitcoin: Up 1.26% to $9,336.59
Total trading volume (24h): $21.1+ billion USD
Ethereum: Up 1.12% to $184.46
Total trading volume (24h): $8.75+ billion USD
3 biggest movers 24 hours
Biggest Mover 1: PigeonCoin up 106.85% to $0.000799 (end collection of data by social media companies)
Biggest Mover 2: Sessia up 95.35% to $0.337845
Biggest Loser: Evedo down 66.81% to $0.002035
What moved Crypto Markets (i.e. digital assets)
– A single market whale on cryptocurrency exchange Bitfinex likely manipulated bitcoin’s historic surge of over 2,000% in 2017, according to two U.S. academics. John Griffin, a professor at the University of Texas and Amin Shams, an assistant professor at Ohio State University, have jointly updated a paper they first published in 2018, saying that one entity on Bitfinex moved bitcoin’s prices in 2017. Griffin and Shams did not name the entity.
– Microsoft Unveils Platform for Minting Enterprise-Ready Crypto Tokens. the platform allows businesses to choose from a growing set of token-building templates that conform to the Token Taxonomy Initiative (TTI) – a standards push and enterprise consortium.
– Cryptocurrency exchange Huobi Global announced today that it will freeze all U.S. user accounts starting Nov. 13. The exchange said it has been “gradually [disabling]” U.S. accounts to prevent trading and transferring. U.S. users are advised to return their borrowed funds in margin trading and withdraw all assets from the platform. Those who purchased Huobi’s pre-paid cards will be refunded in USDT, according to a company blog post.
Crypto ‘buzz’ Trending in Social Media
A self-proclaimed Bitcoin co-founder Joerg Molt has been forced off Twitter after he was marked as a scammer on Twitter in a video recorded at the World Crypto Con in Las Vegas.
Other Specialties
Fintech: The Digital Currency Research Institute of China’s central bank has signed an agreement with Huawei – for fintech research.
Healthtech: A partnership, between a social enterprise and four UK health charities, is working to create the UK’s first AI coaching tool to support those with long term illnesses. Reason Digital, Parkinson’s UK, the Stroke Association, Muscular Dystrophy UK and the MS Society are developing an artificial intelligence-based project which is set to revolutionise the way individuals seek medical advice and information in the UK.
Al: Adobe is launching a free AI-powered Photoshop Camera app, available now to a select group of users as a limited preview for iOS and Android devices. Adobe’s AI platform, Sensei, recognizes objects in photos — i.e.selfie, landscape, or food — and automatically suggest which image filters to apply, real-time, or applied to images taken from the camera roll.
Smart cities: China has launched a blockchain-based identification system for smart cities, aimed at better connectivity and data sharing between these cities. The identification system was jointly launched by three institutes in Shijiazhuang, North China’s Hebei Province, and cities nationwide have been able to apply for their own city identification code since Sunday. The bottom-level technology of the system is based on blockchain technology and was self-developed by China.
Apple said Monday it will donate $2.5 billion toward California housing. Most of the funds will help build affordable housing.
NexChangeNOW Pick of the Day
Binance.US Announces Debit Card Support. The company announced debit card support on Friday, allowing users to purchase crypto-assets such as bitcoin (BTC), Ethereum (ETH), and Ripple XRP (XRP) through debit card deposits. Prior to the move, clients could only purchase coins via ACH payments and wire transfers.