Weekly Recap
November 1st, 2020 - November 6th, 2020
Welcome to our 1st weekly recap for November.
Overview
Crypto News
The RBA has partnered with Australia’s two largest banks and leading Ethereum software company ConsenSys that is spearheaded by Joseph Lubin, one of the cryptocurrency’s co-founders. The findings of the project are expected to be presented in early 2021.
Rumors are spreading the Chinese authorities have put under investigation Zhu Jiawei, the COO of Huobi, a Chinese run exchange with a flourishing Over the Counter (OTC) market that serves China.
In Monday’s quarterly earnings call, PayPal executives confirmed that they’d seen so much interest in the feature that they would raise buying limits from $10,000 to $15,000.
Ethereum 2.0 Phase 0 has now been formalized for launch at some time around Dec. 1. The deposit contract is live and can collect the necessary funds to trigger staking.
An update by the Ethereum Foundation released on Wednesday explains how the genesis process is expected to happen.
Everything is up—Bitcoin, stocks, gold, the yuan, and the euro—except for the U.S. dollar.
Related News
While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%.
According to a press release, after two years of effort, Gazprombank’s subsidiary in Switzerland has been authorized to offer crypto custody and trading against fiat currencies to selected institutional and corporate customers.
According to a bombshell Forbes report dated Oct. 29, there is some “speculation” that Binance, the largest cryptocurrency exchange in the world by trading volume, is currently being investigated by the Federal Bureau of Investigation (FBI) and the Internal Revenue Service (IRS).
