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Bitcoin News Roundup for Dec. 18, 2020 Dec 18, 2020

Show notes

With Deribit providing options for betting on a bitcoin rally and the IMF’s predictions for digital currencies, CoinDesk’s Market’s Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Deribit’s New Options Allow Bitcoin Traders to Bet on Rally to $100K

Options at the $100,000 strike price expiring on Sept. 24, 2021, went live on Deribit Thursday.

Coinbase, With Bitcoin Soaring, Files in Preparation for Landmark Public Offering

Coinbase has filed preliminary documents with the U.S. Securities and Exchange Commission for a public offering.

Global Stablecoins Could Eventually Become Reserve Currencies: IMF Paper

The IMF paper suggests the U.S. dollar's role as the dominant reserve currency is safe for now, but private digital currencies could come to compete in time.

Bitcoin News Roundup for Dec. 17, 2020 Dec 17, 2020

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With bitcoin surging to highs of $23K and Paxos raising a monster funding round, CoinDesk’s Market’s Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Bitcoin Drops Nearly 7% After Setting New Record High of $23,770

Bitcoin surged to new record highs above $23,000 earlier on Thursday, before quickly falling back by over $1,500.

Paxos Raises $142M Series C Following PayPal Deal, OCC Bank Charter Application

Paxos has raised $142 million to facilitate mainstream adoption. “We think that opportunity is now,” said CEO Charles Cascarilla.

The Big Banks Riding Bitcoin's Bull Run

Banks joined the crypto conversation as bitcoin marched to $20,000. Here's a list of recent crypto developments in the banking sector.

Above $100: Litecoin Hits Highest Price Since Summer 2019

Litecoin hasn't been in three figures since its second mining reward halving in 2019.

Bitcoin News Roundup for Dec. 16, 2020 Dec 16, 2020

Show notes

With BTC breaking $20K for the first time and the Fed announcing yet another change to monetary policy, CoinDesk’s Market’s Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Bitcoin Hits Record Above $20K as Analysts Remain Confident of Future

Bitcoin has risen above $20,000 to reach the highest point in its 12-year history.

New York's Quontic Becomes First US Bank to Offer a Bitcoin Rewards Debit Card

Queens-based Quontic Bank has become the first FDIC-insured financial institution to launch a bitcoin rewards checking program.

New Federal Reserve 'Qualitative' Approach Could Push Further Into Experimental Realm

"Qualitative" is the new "quantitative" as economists predict the Federal Reserve will move to add subjectivity to its rules on money printing.

Silk Road's Ulbricht Being Considered for Pardon by Trump: Report

The White House counsel's office reported to be reviewing the case documents for the convicted Silk Road operator.

Bitcoin News Roundup for Dec. 15, 2020 Dec 15, 2020

Show notes

With a new plan to return more than 100,000 BTC to long-suffering exchange customers-turned-creditors and with a look at Argentina and broader crypto adoption across South America, CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Bitcoin May Have Hit Wall of Profit Takers Around $19,500: Analyst

Huobi Global saw an influx of larger-than-average bitcoin deposits soon before the price drop, an analyst said.

Mt Gox Creditors' Wait Nearly Over as Trustee Announces Draft Rehabilitation Plan

Mt. Gox’s trustee Nobuaki Kobayashi has at last filed a draft plan for the rehabilitation of creditors including former users.

Crypto Is Booming in Economically Challenged Argentina

Argentina's crypto industry saw record trading volumes this year, amid the COVID-19 pandemic and economic hardship.

Buterin Warns Followers Not to Take Out Personal Loans to Buy Crypto

Ethereum founder Vitalik Buterin took to Twitter to warn his followers not to take personal loans to purchase cryptocurrencies.

Bitcoin News Roundup for Dec. 14, 2020 Dec 14, 2020

Show notes

With BTC back up above $19K and the upcoming digital yuan not looking to "replace existing currencies," CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts

Bitcoin's revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts.

MassMutual's $100M Bitcoin Investment Marks Adoption Milestone: JPMorgan

JPMorgan analysts said MassMutual's recent $100 million bitcoin purchases are a sign of growing mainstream acceptance for the cryptocurrency.

Bitcoin's Relationship With Gold Is More Complicated Than It Looks

Just because gold is losing momentum and bitcoin is gaining it doesn't mean investors are selling gold to buy bitcoin – not yet, anyway.

Ex-People's Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies

"We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.

LISTEN: Michael Saylor - Bitcoin’s Cyber Hornet - Most Influential 2020 Dec 11, 2020

Show notes

In this special episode of Markets Daily, CoinDesk Podcasts editor Adam B. Levine reads Danny Nelson's exploration of Michael Saylor, CEO of Microstrategy and one of CoinDesk's Most Influential people in 2020

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Bitcoin News Roundup for Dec. 10, 2020 Dec 10, 2020

Show notes

With the price of bitcoin looking weak and a major crackdown on crypto anonymity in France, CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Stories:

First Mover: Bitcoin Stuck as ECB's Lagarde Primes Extra €500B Stimulus

The ECB's decision to expand an emergency bond-buying program by €500B may represent latest installment of years-long balance-sheet increase.

France Declares War on Crypto Anonymity, Cites 'Terrorism' in KYC Mandate

The French finance ministry is imposing sweeping KYC rules on all VASPs in the country.

Cryptocurrency Founder Charged With Avoiding Tax to Buy Yachts and Homes

"Bruno Brock" is alleged to have avoided tax on sales of the pearl cryptocurrency as well as minting free tokens for himself.

SpaceChain Awarded $585K Grant to Co-Develop Decentralized Satellite System

U.K.-based SpaceChain beat 13 other national applicants to secure the funding.

Bitcoin News Roundup for Dec. 9, 2020 Dec 09, 2020

Show notes

With bitcoin dropping more than $1,000 in overnight trading and more positive comments from the head of the world's largest hedge fund, CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Stories:

First Mover: Why Wells Fargo Won't Recommend Bitcoin to Clients

A Wells Fargo unit doesn't recommend bitcoin to clients, since they can't yet hold cryptocurrency in their accounts. What if that ever changed?

Bridgewater's Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors' Portfolios

The founder of the world's largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold.

Bitwise's Crypto Index Fund Becomes Available To US Investors

Bitwise has launched the first crypto index fund available to investors in the U.S.

Citi Analyst Chides Saylor's Bitcoin Focus, Cuts MicroStrategy to 'Sell'

MicroStrategy was trading sharply lower Tuesday after a Citi analyst changed his rating to "sell."

Bitcoin News Roundup for Dec. 8, 2020 Dec 08, 2020

Show notes

With Bitcoin down 2% from yesterday and weekly inflows to cryptocurrency funds near record highs, CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Stories:

Bitcoin Drops 2% as European Stocks See Losses on Brexit Concerns

Bitcoin took a dip Tuesday as traditional markets suffer the jitters over fears of a "no-deal" Brexit.

Crypto Funds Have Seen Record Investment Inflow in Recent Weeks

In the last month, weekly inflows to cryptocurrency funds from institutional investors have been breaking records, according to data reported by Reuters.

Blockstack's Stacks Tokens Could Be Tradable in US Amid New Blockchain Launch

Blockstack's Stacks tokens could soon no longer be a security in the US and become available to US investors.

Biden Administration Will 'Ultimately Be Supportive' of Crypto: Circle CEO

Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.

Bitcoin News Roundup for Dec. 7, 2020 Dec 07, 2020

Show notes

With the price of bitcoin struggling to break through $20K and a possible rollback of Trump-era crypto rules in the US, CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Stories:

Psychology, Sell Pressures Keep Bitcoin Below $20K

Psychology and selling pressures have kept bitcoin's price below $20,000.

US Financial Services Chair Tells Joe Biden to Rescind OCC Crypto Guidance

The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers.

Japanese City to Trial Blockchain Voting System

Kaga, Ishikawa Prefecture, is looking at blockchain tech to solve problems in the city, starting with an e-voting system.

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