{"id":1452,"date":"2020-11-23T17:07:39","date_gmt":"2020-11-24T01:07:39","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=1452"},"modified":"2020-11-23T17:12:21","modified_gmt":"2020-11-24T01:12:21","slug":"november-2020-weekly-recap-3","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2020\/11\/23\/november-2020-weekly-recap-3\/","title":{"rendered":"November 2020 &#8211; Weekly Recap 3"},"content":{"rendered":"<h1 style=\"text-align: center;\">Weekly Recap<\/h1>\n<pre style=\"text-align: center;\">November 16th, 2020 - November 23th, 2020<\/pre>\n<p>Welcome to our 3rd weekly recap for November.<\/p>\n<h2><strong>Overview\u00a0<\/strong><\/h2>\n<h2><\/h2>\n<h2><img loading=\"lazy\" class=\"alignnone size-full wp-image-1454\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-3-1.png\" alt=\"\" width=\"2600\" height=\"1600\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-3-1.png 2600w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-3-1-300x185.png 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-3-1-1024x630.png 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-3-1-768x473.png 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-3-1-1536x945.png 1536w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-3-1-2048x1260.png 2048w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/11\/nov-3-1-260x160.png 260w\" sizes=\"(max-width: 2600px) 100vw, 2600px\" \/><\/h2>\n<h2>Crypto News<\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/www.trustnodes.com\/2020\/11\/22\/the-dollar-loses-10-against-chinese-yuan\">[7] The Dollar Loses 10% Against Chinese Yuan<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>The dollar has lost significant value against the Chinese Yuan (CNY) since May of this year.<\/p>\n<p>It has dropped from $1 buying you 7.2 CNY to now just 6.5 CNY, its lowest level in two years.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/dailyhodl.com\/2020\/11\/20\/xrp-utility-fork-incoming-heres-how-to-prepare-for-the-highly-anticipated-flare-airdrop\/\">[6] XRP Utility Fork Incoming<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Crypto investors who register their XRP in an eligible account will receive free Spark tokens in a 1:1 ratio when the Ripple-backed blockchain company holds its \u201csnapshot day\u201d on December 12th. Recipients will retain ownership of their XRP holdings while receiving the new tokens.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-shortage-is-real-and-paypal-is-the-cause-pantera-capital-claims\">[5] Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and that the majority of newly minted BTC is being scooped up by PayPal.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/www.trustnodes.com\/2020\/11\/20\/new-ethereum-2-0-testnet-successfully-launches\">[4] New Ethereum 2.0 Testnet Successfully Launches<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Some 3.2 million testnet eth and more than 100,000 validators are now staking on it, showing significant demand to test the new Proof of Stake ethereum blockchain which is expected to go out imminently.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/btcmanager.com\/trump-nominates-crypto-supporter-to-serve-as-the-head-bank-regulator-for-5-years\/\">[3] Trump Nominates Crypto Supporter to Serve as the Head Bank Regulator for 5 Years<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>His nomination by President Trump still requires the Senate to confirm him before he becomes the official Comptroller of the national bank regulator.<\/p>\n<p>Before his nomination appears before the Senate house, he has to first scale through the confirmation hearing of The U.S. Senate Banking Committee which oversees the Office of the Comptroller of the Currency (OCC).<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/eng.ambcrypto.com\/bitfinex-iota-chainlink-uniswap\/\">[2] Bitfinex Derivatives launch IOTA, Chainlink, Uniswap perpetual swaps<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Bitfinex\u2019s derivatives platform is in the news today after it announced the launch of its perpetual contracts for IOTA, Chainlink, and Uniswap. Each of these contracts will offer users maximum leverage of up to 100x, leverage that is typical of such contracts and they will be settled in Tether (USDt) tokens.<\/p>\n<ul>\n<li>\n<h4 class=\"title\"><a href=\"https:\/\/cryptobriefing.com\/crypto-community-rejoices-sec-chairman-steps-down\/\">[1] Crypto Community Rejoices as SEC Chairman Steps Down<\/a><\/h4>\n<\/li>\n<\/ul>\n<p>Jay Clayton, the current chairman of the Securities and Exchange Commission (SEC), announced he will be stepping down from his position by the end of 2020.<\/p>\n<p>During his tenure, Clayton has blocked all proposals for a Bitcoin ETF and waffled on whether tokens like XRP are indeed securities.<\/li>\n<\/ul>\n<div id=\"node-1\" class=\"article-pharagraph\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Weekly Recap November 16th, 2020 &#8211; November 23th, 2020 Welcome to our 3rd weekly recap for November. Overview\u00a0 Crypto News &nbsp; [7] The Dollar Loses 10% Against Chinese Yuan The dollar has lost significant value against the Chinese Yuan (CNY) since May of this year. It has dropped from $1 buying you 7.2 CNY to<\/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 3 &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\/23\/november-2020-weekly-recap-3\/\" \/>\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 3 &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"Weekly Recap November 16th, 2020 - November 23th, 2020 Welcome to our 3rd weekly recap for November. 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