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State of the Cryptocurrency Market November 2019 Contents State of the Cryptocurrency Market November 2019 Contents 3 Main News of the Month Finance and Regulations Business Technology Market Others 8 Market Performances:Top 25 9 Daily Average Returns 10 Wallets Dominance 11 Daily Average Volatility 13 Market Cap to BTC 14 Average Daily Trading Volume to BTC 15 Average Spread&Rank Change 16 Market Sentiment 17 Newly Listed Cryptocurrency 18 Mining Difficulty & Profitability 19 Total H Rate and Staking Rewards 20 Inflation Rate & Emission 21 Active Addresses and Transactions 22 Publications and Academia 26 Trends and Market Thoughts 27 About State of the Cryptocurrency market October 2019 News Review November 1st to 7th Finance and Regulations Market Republic of Azerbaijan will complete its blockchain Customers of United States branch of Binance can now based digital identification system by the end of purchase cryptocurrencies with their debit cards. 2019, which will be adopted in the first quarter of 2020. On November 6, China has revised their stance Binance will assist Ukrainian government with regarding cryptocurrency mining on the PRC creation of cryptocurrency regulations. territory, allowing mining farms to operate legally. Shanghai municipal government announced partnership with 6 major banks on creation of blockchain alliance. Cryptocurrency derivatives exchange, BitMEX, accidentally leaked all of their user email Government of Malta signed a MoU with T- addresses by not putting them under blind copy Systems, parent company of Deutsche Telecom. (bcc). Huawei partnered with the People's Bank of China for strategic cooperation in research on digital currency. Erdogan, President of Turkey, stated that the government is planning to issue their Central Bank Digital Currency in 2020. On November 4 2019, Stellar Lumens announced completion of a 50% supply burn, representing 55 Uk has released cryptocurrency tax regulations for billion of XLM . businesses for security tokens and utility tokens. The European Union is not planning to issue its own digital currency, but rather focus on regulating stable coins. North Korea has been spotted trying to create a shipping and logistics firm in Hong Kong in order to launder stolen cryptocurrencies. Business Technology The Token Taxonomy Initiative backed by IBM, Volvo will be tracking cobalt with blockchain Microsoft and Intel are planning to standardise technology for its electric car batteries. construction of tokens. China is developing blockchain-based smart city inter- Huobi Global will freeze all US user account on communication infrastructure. November 13. Harbor, a digital platform for digital assets, has received license from the SEC to transfer ownership for security tokens. State of the Cryptocurrency market October 2019 !3 November 8th to 15th Finance and Regulations Market Tassat, NY-based fintech firm, received CFTC Bitcoin volumes surge in Argentina and Venezuela after approval to issue Bitcoin derivatives. their Central Banks ban Bitcoins purchases. Tunisian Central Bank denies claims regarding OKEx has launched BTC futures contracts margined issuing its CBDC. with the USDT stablecoin. Chinese central bank is reported to plan a large After PayPal announcement of withdrawing from scale cash management trial by restricting large Pornhub platform, Verge (XVG) price surged by 33% cash deposits starting by Hebei province, and trading volumes by 160%. potentially a step ahead scaling its digital RMB implementation. China's Inner Mongolia regulators to dispatch Standard Chartered, international banking group, special units to clean up mining companies which's joins Ethereum Enterprise Alliance. business scope is "irrelevant to the real economy”. Since Libra is under scrutiny by the SEC, People booking accommodations on Airbnb can Facebook is considering an alternative option now use bitcoin and receive 3% back, if they are such as Facebook Pay. using Fold app. Business Technology Tencent is planning to build a virtual bank after HK Ant Financial, subsidiary of e-commerce giant Alibaba, regulators approve the license. started testing its own blockchain for SMEs. UPS will utilise blockchain technology in supply chain to track beef to Japan. Satoshi Nakamoto's rumours resurface after 50 Bitcoin Cash hard fork of Nov15 is not addressing BTC transaction to Grin with a personalised mining manipulation due to poorly structured difficulty message from a Bitcoin mined in 2010. algorithm despite heated debates within the community. VeChain (VET) has been over-performing this month after announcement of the use of its blockchain to track tea traceability in Chinese province, posting +15% over the last month. The head of digital currency research of PBoC said that they will provide anonymity to those JPMorgan developed a new tool aiming at managing who require it. cash and collateral workflows faster. Infant formula ingredients will be tracked on IBM's Food Trust with Nestle and Carrefour. State of the Cryptocurrency market October 2019 !4 November 16th to 22nd Finance and Regulations Market The Chinese province of Zhejiang reported to have Maker DAO updated its migration plan to a processed $6 billion in medical billing through multicollateralized (MDP) contract for DAI instead of AntFinancial (Alibaba) . the current CDP contract in a blog post on November 18. The amount of Chinese patents related to blockchain since 2009 is over 3 times what has been submitted More than 32,000 Chinese companies have recently in the US. announced developing blockchain technology when official numbers are bellow 10% the amount, mostly to Binance and Bithumb offices in Shanghai have been attract investments. raided and closed by Chinese police. Bithumb denied the operation sating it was a routine Gatehub wallet service has been under attack and lost inspection. 1,4 million users KYCs which have been shared online by hackers. EU has opened a €400M blockchain fund to catch up with China and the US. Cryptocompare removed Binance from top10 exchanges ranking this month due to security concerns. Elliptic, the cryptocurrency and forensic analysis firm The US Internal Revenue Service (IRS) estimated that 400M$ in XRP tokens are related to illicit announced launching an investigation on activities. Bitcoin ATMs regarding tax compliance. Yahoo finance partners with CMC and add 118 coins to its listing. Business Technology The CSO of ConsenSys announced the creation of Aligned Capital, a blockchain investment fund A US researcher from Dragon-fly Capital has allegedly looking at managing a $50M fund. cracked 96% of transactions history of privacy-centric cryptocurrency GRIN by exploiting a flow in Visa is developing a large scale blockchain- MimbleWinble protocol spending 60$/week for an powered system for private data treatment to AWS cloud based server. GRIN developers denied it improve transparency without disclosing results to as "unsubstantiated" in a following statement. third parties. The German airlines company Hahn Air is the first to German marketplace Deutsche Boerse and issue tickets on blockchain, the company Swisscom have performed a security tokens to announced in a statement on Nov 18. cash tokens swap in a proof of Concept on Nov 19 using Corda and HyperLedger. Bison Trails, one of the founding member of Libra association raised $25,5M . Shenzhen local government has made a list of 39 illegal crypto exchanges going against the trading ban at risk of incoming crackdown. State of the Cryptocurrency market October 2019 !5 November 23rd to 30th Finance and Regulations Market Beijing based crypto exchange BISS raided by Bittrex has denied having contacted the Ukrainian authorities on Nov 18, 10 people arrested. government for helping developing the local cryptocurrency industry. After postponing its end of the year debate regarding crypto ban earlier this month, India At least 5 Chinese cryptocurrency exchanges have announced being working on a National Level suspended operation after recent crackdowns earlier Blockchain framework to promote the tech in the this month. country. Saudi Arabia and United Arab emirates have been discussing establishing an interbank digital currency to facilitate clearing and settlement The EU has opened a new €110 million investment fund to invest in new tech such as AI and Blockchain. French central Bank is advocating a blockchain- based settlement platform within Europe. Business Technology Ripple Lab injected another $20 million in Latest update of bitcoin core client released on Nov 25. Moneygram for a total of $50 million. EOS New York reported that 6 of the main POS blocks Big four accounting firm KPMG has launched its producers was managed by a single entity, raising own blockchain platform, KPMG Origins in concerns towards centralisation. Australia , China and Japan aiming at improving supply chain processes. Coinbase obtained a patent aiming at automatically spot and reports non compliant trading accounts. The Cardano foundation released ADA payment gateway on Nov 27 to allow merchant to accept ADA and settle it in 35 fiat currencies. IBM has filled a patent for solving package theft during deliveries by drones using blockchain. A new study by Jupiter research reveals that the food industry could save up to $31 billion in food fraud and waste within 5 years using blockchain. BNY Mellon has join blockchain Marco Polo consortium on R3 for trade finance and expect to go live very soon. State of the Cryptocurrency market October 2019 !6 November 14, 2019 BRICS members (Brazil, Russia, India, China and South Africa) discussed the creation of
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