Listen to the audio:
Write-up:
What Moved Global Markets
– Alibaba Group Holding Ltd said on Monday that the GMV (gross merchandise value) for its annual Singles’ Day shopping blitz surpassed the $38 billion mark, putting the event on track to set a record in its 11th year.
– Hong Kong’s share index lost almost 3% as unrest in the Asian financial hub worsened on Monday.
– UK: Sterling has risen sharply after Nigel Farage said his Brexit Party will not contest any of the 317 seats won by the ruling Conservative Party at the last election. Farage said his party will fight all the other seats held by the main-opposition Labour and other pro-Remain parties. The move by the Brexit Party leader gives the Conservatives a big boost in their attempt to increase their majority at the upcoming election.
– The S&P 500 and Nasdaq indexes fell on Monday, as prospects of a quick resolution to the U.S.-China trade war dimmed following comments from President Donald Trump. Oil fails as well.
Crypto Prices (from CoinMarketCap)
Bitcoin: Down 3.3% to $8,765.85
Total trading volume (24h): $20.45+ billion USD
Ethereum: Down 2.05% to $186.09
Total trading volume (24h): $8.68+ billion USD
3 biggest movers 24 hours
Biggest Mover 1: Insureum up 139% to $0.008721
Biggest Mover 2: GSE Network up 93% to $0.000222
Biggest Loser: Evedo down 49% to $0.002685
What moved Crypto Markets (i.e. digital assets)
– Bitcoin trading set new records in two of its most keenly watched South American markets last week: Venezuela and Argentina.
– Bakkt announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Bakkt Warehouse”.
– Canaan Creative, the biggest rival to Bitmain, filed for a U.S. initial public offering (IPO) on Nasdaq on Oct. 28 with Citi Group, Credit Suisse, Galaxy Digital, and four other firms as underwriters. The filing shows that Canaan is looking to raise $400 million from the IPO, although it is not clear in what price range the firm is considering listing its shares.
– Cryptocurrency exchange Binance has added support for euro (EUR) for its direct fiat-to-crypto trading facility, also added support for Ukraine’s and Kazakhstan’s fiat currencies – hryvnia (UAH) and tenge (KZT), respectively.
Other Specialties
Fintech: Benoit Coeure, outgoing member of the executive board of the European Central Bank (ECB), is to lead a new global effort by central banks to research the benefits of fintech such as digital currencies. The Bank for International Settlements (BIS) announced the news on Sunday, saying that Coeure will take on the role of head of the BIS Innovation Hub, “set up to foster international collaboration among central banks on innovative financial technology.” The post is initially for a five-year term starting in January 2020.
Healthtech: The latest HealthTech Market Report from Qyreports has only a handful of traditional healthtech companies as their top players. It’s the big tech players now: Google, Apple, Amazon, IBM Corporation, CA Technologies, SAP AG, Hewlett-Packard (HP), Omron, Bay Labs, BioCardia Inc., iRhythm Technologies, HabitNu, Fitbit, AiCure.
Al: A newly-developed, small, low-cost artificial intelligence (AI) enabled sensor may help save children or pets left alone in vehicles by triggering an alarm, scientists said on Monday. The device combines radar technology with AI to detect unattended children or animals with 100-per-cent accuracy, according to the researchers at the University of Waterloo in Canada.
Smart cities: Microsoft will turn Charlotte, NC, into a smart city. Microsoft and the City have entered into a three-year agreement to create a regional centre focused on STEM workforce development, internet of things (IoT) technology and innovation.
NexChangeNOW Pick of the Day
Ethereum’s Joe Lubin: ‘I Would Love to Help China Get Expert in Ethereum Technology’ http://www.nexchangenow.com/news/blockchain/71538/ethereums-joe-lubin-i-would-love-to-help-china-get-expert-in-ethereum-technology/