The Weekly Bull - November 15, 2019
The Numbers Game
The previous week has proved to be a slow one for the cryptocurrency market. During the week, the global market cap and trading volumes declined by 4.02% and 20% respectively. At the time of writing, the global market cap stands at $239bn whereas trading volume is around $64bn.
The automobile industry of Pakistan continues to fall. The market has seen a 56% decline in sales since last year; amounting to total sales of just 11,231 units in October 2019 which is also 7 percent less than the units sold in September 2019. The constituents of total industry sales moved -12%/+52%/+4%/+75%/-24%MoM for Passenger Cars/LCVs/Trucks/Buses/Tractors, where passenger car and LCV sales slipped passes their 7th consecutive month of YoY declines.
Swiss SIX Exchange lists Tezos ETP with staking rewards. This makes Tezos the 9th crypto-backed instrument to be listed on the exchange. Finance Magnates.
JP Morgan joins hands with Baton systems to develop a new blockchain-based solution for derivatives designed to speed up cash and collateral transfers. CoinTelegraph.
Monetary Authority of Singapore partners up with JP Morgan to develop a blockchain system for cross-border payments. BitBoy Crypto.
The Department of Homeland Security (DHS) has awarded Virginia-based Digital Bazaar $199,984 to develop its blockchain security technology. DHS Press Release.
Retail giants Carrefour and Nestlé have decided to use IBM’s Food Trust blockchain platform to track the supply chain of the milk-based formula for infants. Carrefour Press Release.
Shuangjiang Government official endorses VeChain-Powered Pu’er Tea Traceability Platform. News Logical.
Binance has added support for buying Bitcoin (BTC) and other cryptocurrencies with the Turkish lira through its local digital wallet partner Papara; increasing liquidity of for the entire cryptocurrency market. The Block.
The United States’ state of Wyoming has unveiled a series of opt-in custody rules for its so-dubbed “blockchain banks,” covering areas such as forks, airdrops, and staking. The new set of laws may allow crypto-focused enterprises to operate in New York without Bitlicense. CoinDesk.
A community of 100,000 adult performers goes out of work as Paypal pulls out of Pornhub as a payment platform. The company resorts to crypto payments for now. Reuters.