NexChangeNOW Daily Briefing – Wednesday Dec 04, 2019

    Listen to the audio:

    What Moved Global Markets
    – Wall Street’s main indexes hovered near one-month lows on Tuesday, as comments from President Donald Trump and Commerce Secretary Wilbur Ross stoked fears of a significant delay in resolving a trade dispute with China. “I have no deadline, no,” Trump told reporters in London, where he was due to attend a meeting of NATO leaders. “In some ways, I like the idea of waiting until after the election for the China deal. But they want to make a deal now, and we’ll see whether or not the deal’s going to be right; it’s got to be right.”
    – France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, makeup, handbags and other French products worth $2.4 billion. Full list of proposed tariffs – HERE.

    Crypto Prices (from CoinMarketCap)
    Bitcoin: Down 2.28% to $7.207.87
    Total trading volume (24h): $15.24+ billion USD

    Ethereum: Down 2.45% to $145.86
    Total trading volume (24h): $6.34+ billion USD

    3 biggest movers 24 hours
    Biggest Mover 1: Dollar International is up 274.40% to $4.02
    Biggest Mover 2: ProChain is up 160.86% to $0.046807
    Biggest Loser: Fiii is down 65.36% to $0.000130

    What moved Crypto Markets (i.e. digital assets)
    – The U.S. Securities and Exchange Commission (SEC) has appointed a new head of its cyber division. Taking over from Robert A. Cohen, who left the post for a position in the private sector in August, Kristina Littman will be the agency’s new chief of the Division of Enforcement’s Cyber Unit, according to an SEC announcement on Monday. She was a senior advisor to SEC Chairman Jay Clayton.
    – Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo, aka “Crypto Dad”, is set to join New York-headquartered law firm Willkie Farr & Gallagher as a senior counsel.
    Binance has announced support for Tezos staking, according to an announcement published on Dec. 3. Starting on Dec. 4, Binance’s users will be able to trade with XTZ, with XTZ rewards to be calculated daily based on live snapshots and distributed monthly. The distribution is set to end before Jan. 20, and after that on the 20th day of each following month.

    Other Specialties
    Fintech: Goldman Sachs Group Inc will be launching new technology-based products and services for its institutional clients on Amazon’s cloud next year, bank Chief Executive David Solomon said at a conference on Tuesday.  Solomon said new products on Marquee, the bank’s Web services platform, will run on Amazon Web Services.
    Healthtech: Philips launches next-generation vital signs monitor for early patient intervention in general care settings. Its predictive trend analytics and intelligent algorithms help detect patient deterioration earlier to enable timely intervention.
    Al: Microsoft’s computer vision app for the blind and poor-sighted, Seeing AI, which has been so helpful for describing objects and text to the blind, just added 5 more languages. It is now available in English, Dutch, French, German, Japanese and Spanish, letting many more people read signs, interpret someone’s facial expressions and otherwise navigate the world using spoken cues in their native tongues.
    Smart cities: Artificial intelligence (AI) cameras capable of detecting drivers who are using their mobiles illegally have been activated in Australia. The cameras were launched by New South Wales (NSW) Transport on 1 December. Drivers spotted by the AI during its first three months of use will receive a warning letter but after that, they could face a fine.

    NexChangeNOW Pick of the Day
    Chinese Crypto Exchange IDAX Goes on Lock Down After CEO Goes AWOL