Bitcoin News Roundup for Aug. 17, 2020
With bitcoin’s hashrate reaching record highs and litecoin hoping to Mimblewimble its way into new users' wallets, CoinDesk's Markets Daily is back with your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches "The upcoming privacy upgrade would leave litecoin valuations around all time highs," one industry analyst said. Bitcoin Price Holds Below $12K Even as Hash Rate Hits All-Time High Bitcoin's hashrate has soared to record highs, some analysts say it might kick the price out of its rut. Crypto Long & Short: The Surprisingly Sunny Outlook for Crypto Hedge Funds Bitcoin returns are beating crypto hedge funds, but other recent developments point to more favorable tailwinds for those funds in the long term. Ex-Prudential Securities CEO Calls Bitcoin a 'Safe Haven' George Ball, who claimed himself as a Bitcoin and blockchain opponent, said bitcoin or another cryptocurrency is “very attractive” both in the long term and short term.
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Show Notes
With bitcoin’s hashrate reaching record highs and litecoin hoping to Mimblewimble its way into new users' wallets, CoinDesk's Markets Daily is back with your latest crypto news roundup!
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's stories:
Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches
"The upcoming privacy upgrade would leave litecoin valuations around all time highs," one industry analyst said.
Bitcoin Price Holds Below $12K Even as Hash Rate Hits All-Time High
Bitcoin's hashrate has soared to record highs, some analysts say it might kick the price out of its rut.
Crypto Long & Short: The Surprisingly Sunny Outlook for Crypto Hedge Funds
Bitcoin returns are beating crypto hedge funds, but other recent developments point to more favorable tailwinds for those funds in the long term.
Ex-Prudential Securities CEO Calls Bitcoin a 'Safe Haven'
George Ball, who claimed himself as a Bitcoin and blockchain opponent, said bitcoin or another cryptocurrency is “very attractive” both in the long term and short term.