{"id":1419,"date":"2020-11-06T20:07:29","date_gmt":"2020-11-07T04:07:29","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=1419"},"modified":"2020-11-06T20:08:56","modified_gmt":"2020-11-07T04:08:56","slug":"november-2020-weekly-recap","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2020\/11\/06\/november-2020-weekly-recap\/","title":{"rendered":"November 2020 &#8211; Weekly Recap"},"content":{"rendered":"<h1 style=\"text-align: center;\">Weekly Recap<\/h1>\n<pre style=\"text-align: center;\">November 1st, 2020 - November 6th, 2020<\/pre>\n<p>Welcome to our 1st weekly recap for November.<\/p>\n<h2><strong>Overview\u00a0<\/strong><\/h2>\n<h2><img loading=\"lazy\" class=\"alignnone size-full wp-image-1420\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-1.png\" alt=\"\" width=\"2600\" height=\"1600\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-1.png 2600w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-1-300x185.png 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-1-1024x630.png 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-1-768x473.png 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-1-1536x945.png 1536w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-1-2048x1260.png 2048w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-1-260x160.png 260w\" sizes=\"(max-width: 2600px) 100vw, 2600px\" \/><\/h2>\n<h2>Crypto News<\/h2>\n<ul>\n<li style=\"list-style-type: none;\"><\/li>\n<\/ul>\n<div id=\"node-1\" class=\"article-pharagraph\">\n<div id=\"node-1\" class=\"article-pharagraph\">\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/u.today\/ethereum-blockchain-chosen-by-reserve-bank-of-australia-for-issuing-cbdc\">[1] Ethereum Blockchain Chosen by Reserve Bank of Australia for Issuing CBDC<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>The RBA has partnered with Australia\u2019s two largest banks and leading Ethereum software company ConsenSys that is spearheaded by Joseph Lubin, one of the cryptocurrency\u2019s co-founders. The findings of the project are expected to be presented in early 2021.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/www.trustnodes.com\/2020\/11\/03\/half-a-billion-withdrawn-from-huobi-as-china-intensifies-war-on-bitcoin\">[2] Half a Billion Withdrawn From Huobi as China Intensifies War on Bitcoin<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>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.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cryptobriefing.com\/paypal-raises-crypto-limits-15000-following-unprecedented-demand\/\">[3] PayPal Raises Crypto Limits to $15,000 Following Unprecedented Demand<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>In Monday\u2019s quarterly earnings call, PayPal executives confirmed that they\u2019d seen so much interest in the feature that they would raise buying limits from $10,000 to $15,000.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cointelegraph.com\/news\/ethereum-2-0-begins-launch-process-as-deposit-contract-goes-live\">[4] Ethereum 2.0 begins launch process as deposit contract goes live<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>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.<\/p>\n<p>An update by the Ethereum Foundation released on Wednesday explains how the genesis process is expected to happen.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cryptobriefing.com\/us-dollar-weakness-exposed-investors-flip-bitcoin-gold-and-stocks\/\">[5] US Dollar Weakness Exposed, Investors Flip to Bitcoin<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Everything is up\u2014Bitcoin, stocks, gold, the yuan, and the euro\u2014except for the U.S. dollar.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<h2>Related News<\/h2>\n<ul>\n<li>\n<h4 class=\"title\">[15] <a href=\"https:\/\/news.bitcoin.com\/bitcoin-volatility-expected-to-rise-after-the-us-presidential-election\/\">Bitcoin Volatility Expected to Rise After the US Presidential Election<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>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\u2019s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%.<\/p>\n<ul>\n<li>\n<h4 class=\"title\">[15] <a href=\"https:\/\/u.today\/russias-major-bank-subsidiary-greenlighted-to-launch-bitcoin-offering-in-switzerland\">Russia&#8217;s Major Bank Subsidiary Greenlighted to Launch Bitcoin Offering in Switzerland<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>According to a press release, after two years of effort, Gazprombank&#8217;s subsidiary in Switzerland has been authorized to offer crypto custody and trading against fiat currencies to selected institutional and corporate customers.<\/p>\n<ul>\n<li>\n<h4 class=\"title\">[15] <a href=\"https:\/\/u.today\/binance-ceo-addresses-report-about-rumored-fbi-investigation-and-regulatory-evasion\">Binance CEO Addresses Report About Rumored FBI Investigation and Regulatory Evasion<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>According to a bombshell Forbes report dated Oct. 29, there is some \u201cspeculation\u201d 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).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weekly Recap November 1st, 2020 &#8211; November 6th, 2020 Welcome to our 1st weekly recap for November. Overview\u00a0 Crypto News [1] Ethereum Blockchain Chosen by Reserve Bank of Australia for Issuing CBDC The RBA has partnered with Australia\u2019s two largest banks and leading Ethereum software company ConsenSys that is spearheaded by Joseph Lubin, one of<\/p>\n","protected":false},"author":4,"featured_media":1180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[30,52],"tags":[81,91,92,89,87,88,94],"jetpack_featured_media_url":"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/06\/business-communication-computer-connection-preview1.jpg","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>November 2020 - Weekly Recap &bull; SynQ<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/synq.tech\/a\/2020\/11\/06\/november-2020-weekly-recap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"November 2020 - Weekly Recap &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"Weekly Recap November 1st, 2020 - November 6th, 2020 Welcome to our 1st weekly recap for November. 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