Markets Outlook

Latest Episodes:

Bitcoin News Roundup for Sept. 17, 2020 Sep 17, 2020

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With bitcoin slipping alongside European stocks and a leaked memo about China's blockchain plans, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Today's stories:

Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K

Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% "for some time."

Bitcoin 'Young Investment' Wallets at Highest Level Since February 2018

New investors are entering the bitcoin market at a faster pace and possibly creating upward pressure on prices, on-chain data shows.

China's BSN Will 'Localize' Public Blockchains for Local Use

China’s state-sanctioned Blockchain-Based Service Network is finally bringing public chains to its homeland -- but they will look very different.

Kraken Becomes First Crypto Exchange to Charter a US Bank

On Wednesday, the Wyoming Banking Board voted to approve Kraken’s bank charter application. Kraken is the first SPDI bank in Wyoming.

Bitcoin News Roundup for Sept. 16, 2020 Sep 16, 2020

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With bitcoin fighting for $11k and the first CBDC in real life, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Today's stories:

All Eyes on Fed Reserve Rate Announcement, as Bitcoin Fights for $11K

With the Fed's decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action.

Bahamas to Roll Out 'Sand Dollar' Digital Currency Next Month

The Bahamas' "Sand Dollar" will likely be the world's first live central bank digital currency when it launches in October.

Bitcoin CEO: MicroStrategy's Michael Saylor Explains His $425M Bet on BTC

How the business analytics chief became Wall Street's boldest bitcoin maximalist.

US State Bank Regulators Agree to Single Set of Rules for Fintech, Crypto Firm Licensing

Agencies from 48 states are expected to unveil a new framework today that will simplify and consolidate regulation for crypto companies.

Bitcoin News Roundup for Sept. 15, 2020 Sep 15, 2020

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With BTC crossing into bullish territory and a new smart contract-powered tokenized DeFi Index, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Today's stories:

Analyst 'Cautiously Bullish' on Bitcoin but Says Equity Sell-Off Still a Threat

Bitcoin (BTC) has crossed into the bullish territory, but may remain vulnerable to another sell-off in stocks.

New Index From DeFi Pulse and Set Protocol Offers Easy Access to 10 DeFi Tokens in 1

Data company DeFi Pulse and investment-minded Set Protocol have created a permissionless index of the very best DeFi tokens, called the DeFiPulse Index.

MicroStrategy Tells SEC It 'May Increase' $250M Bitcoin Reserves

MicroStrategy told the SEC it "may increase" its bitcoin (BTC) holdings beyond the $250 million haul purchased in August.

DeFi Lender bZx Reclaims $8M Stolen in Sunday's Attack

DeFi lending project bZx has been able to recover about $8 million in cryptocurrency from an attacker who stole the funds after exploiting a code bug over the weekend.

MicroStrategy Buys $175M More in Bitcoin, Upping BTC Holdings to $425M

Michael Saylor, the founder of MicroStrategy, said Tuesday his company has acquired an additional $175 million in bitcoin (BTC) in a single purchase.

Bitcoin News Roundup for Sept. 14, 2020 Sep 14, 2020

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With bitcoin breaking above its recent $500 trading range, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Today’s stories:

Against the Odds, Some Bitcoin Traders Are Betting on a $36K Price by Year’s End

The Deribit exchange has seen a spike in investors buying the $36,000 December call option despite the market placing low odds on a new record high this year.

DeFi Lender bZx Loses $8M in Third Attack This Year

An attacker found a way to mint unbacked iTokens that they could then redeem against other cryptos held in lending pools for DeFi lender bZx.

Iran May Fund Car Imports with Cryptocurrency Mining

An Iranian free trade zone is proposing locally mined cryptocurrency might be a way to fund car imports.

SEC Charges Rapper TI With Securites Violations for ICO

The SEC alleged film producer Ryan Felton misappropriated funds from two separate initial coin offerings, and charged rapper TI with boosting one of them.

Bitcoin News Roundup for Sept. 11, 2020 Sep 11, 2020

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With bitcoin trading in a narrow range and new comments from central bankers in Europe and Japan, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Today’s stories:

Bitcoin Holds Firm Above $10K but Strong Bounce Proves Elusive

Bitcoin is trapped in the narrow range of $10,000 to $10,500, but on-chain metrics hint at a rally revival ahead.

Uniswap September Volume Tops August’s $6.7B Record in 10 Days on Dizzying DeFi Demand

September is the fifth consecutive monthly all-time high for Uniswap volume.

Square Forms Group to Stop Patent Hoarding From Stifling Crypto Innovation

Square said the Cryptocurrency Open Patent Alliance (COPA) will allow companies to access and share tech innovations with one another.

Europe Has Fallen Behind on Digital Payments, Lagarde Says

In new comments, European Central Bank President Christine Lagarde said a digital euro can place the region at the cutting edge of innovation but it may have fallen behind in the global competition for creating digital payment ecosystems.

Japan Should Consider a Digital Yen, Former Official Says

In an interview with CoinDesk Japan, a former Bank of Japan official had new comments on the country’s many reasons to seriously consider a digital yen.

Bitcoin News Roundup for Sept. 10, 2020 Sep 10, 2020

Show notes

With bitcoin lawsuits in the news and SushiSwap’s migration completed, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Today’s stories:

Ether Traders May Be Hedging Against DeFi Slowdown: Analyst

Some are calling the white-hot Defi space a bubble that is unsustainable.

Judge Dismisses $200M Damages Claim in AT&T Crypto Hack Lawsuit

AT&T has won a motion to dismiss a $200 million punitive damages claim from Mike Terpin, who lost $24 million in crypto via SIM hack.

Court Denies Bitmain $30M in Damages From Co-Founders of Rival Poolin

A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of mining pool rival Poolin.

SushiSwap Migration Ushers in Era of ‘Protocol Politicians’

SushiSwap, the community-owned automated market maker, now has a new set of leaders – offering a preview of the future of crypto politics.

Bitcoin News Roundup for Sept. 9, 2020 Sep 09, 2020

Show notes

With bitcoin hovering just above $10k and a tokenized form of Ethereum transaction fees in the crosshairs, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Bitcoin's Correlation With Gold Hits Record High

Bitcoin is now more closely tied to safe haven gold than ever.

BitFlyer's Newest Customers Are In Their 20s

More than 30% of new customers at bitFlyer, a major Japanese crypto exchange, are in their 20s, the exchange said.

DeFi Meets Universal Basic Income With Just-Launched Project From eToro

eToro's GoodDollar initiative will provide a universal basic income for some of the world's poorest by incentivizing people to yield farm on its platform.

Ethereum Developers Weigh Gas Rule Change to Ease Fee Pressure

As Ethereum fees soar, a proposal to nix “gas tokens,” which let users prepay fees when they’re cheap and spend them later, is getting renewed attention.

Bitcoin News Roundup for Sept. 8, 2020 Sep 08, 2020

Show notes

With investors buying the bitcoin dip and staying bullish on options, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Investors Buying Bitcoin Amid Price Slump to Near $10K, Data Shows

Despite bitcoin shedding over $2,000 in the last few weeks, the "buy the dip" mentality in the market still appears strong.

Bitcoin Options Suggest Investors Hedging but Still Long-Term Bullish

Bitcoin's options market retains long-term bullish bias despite the recent price pullback, data shows.

What Happened to DeFi Project SushiSwap Over the Weekend

SushiSwap experienced a tumultuous weekend after its founder sold $13 million' worth of his stake in the project before turning the reigns over to investor and FTX CEO Sam Bankman-Fried.

Bitcoin News Roundup for Sept. 4, 2020 Sep 04, 2020

Show notes

As the price of bitcoin reels from its biggest drop since Black Thursday, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Today's stories:

V-Shaped Recovery From Bitcoin's Biggest Drop Since March Unlikely, Say Analysts

Despite a slight bounce Friday morning, some analysts don't expect bitcoin to chart a quick recovery from the double-digit price drop over the last two days.

3 Reasons Bitcoin Just Tanked Below $11K for First Time in a Month

Cryptocurrency analysts attributed the drop to a combination of risk-off sentiment in traditional markets, DeFi exhaustion and miner selling.

Blockchain Bites: Bitcoin's Steep Sell-Off, Pornhub's Crypto Payments, Twitter's Latest Hack

Pornhub will accept BTC and LTC payments, a nonprofit wants Coinbase to be more transparent and credit default swaps are coming to the Ethereum blockchain.

Bank of England Governor Wants Global Regulations as Stablecoins Pick Up Steam

Bank of England Governor Andrew Bailey wants coordinated global regulation around stablecoins as the payment method picks up steam.

Bitcoin News Roundup for Sept. 3, 2020 Sep 03, 2020

Show notes

With the price of bitcoin pulling back sharply and U.S. legislators again advocating for blockchain, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Today's stories:

Bitcoin Risks Deeper Price Pullback as Exchange Inflows Spike

Wednesday saw a flurry of deposits onto exchanges, indicating some investors are trying to offload their bitcoin. That could further propel prices downwards.

Robinhood May Face $10M SEC Fine Over Disclosure Failures

Robinhood is reportedly under investigation by the SEC for not fully disclosing that it was passing customer orders onto market makers.

Lawmakers Ask Trump to Use Blockchain in COVID Relief

Lawmakers are urging President Trump to consider blockchain solutions in the fight against COVID-19.

Swiss Canton Zug to Accept Taxes in Bitcoin, Ether From Next Year

Citizens and companies in Zug will be able to pay up to $109,000 of their tax bill in either bitcoin or ether from February next year.