Markets Outlook

With BTC transaction activity slowing and Filecoin miners striking, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: 'Boring' Bitcoin Market Sends Miners' Fee Earnings to 3-Month Low Bitcoin's transaction activity has cooled amid the recent lull in price action – and that's hurting miners' earnings. Filecoin Miners Go On Strike One Day After Mainnet Launch, Prompting Early Reward Release Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations. The OKEx Drama Exposes a Weakness in Crypto Market Infrastructure The OKEx drama shows just how immature crypto markets are compared to traditional ones, but it also highlights their overall resilience. First Users Not So Impressed by China's Digital Yuan: Report A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should change from existing solutions like Alipay.

With BTC dropping, OKEx halting withdrawals and Filecoin launching, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin Price Dips 3% on OKEx News, Analysts Aren't Too Worried While market sentiment may remain temporarily weak after the OKEx news, a price crash looks unlikely. OKEx Suspends Withdrawals, Says Key Holder Not Available Due to Cooperation With Investigation Withdrawals are suspended as a key holder is "out of touch," preventing withdrawal authorizations. Nigeria Is Developing Strategies for National Blockchain Adoption Nigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale. Filecoin Launch Finally Brings $200M ICO to Fruition Filecoin, designed as a decentralized alternative to Amazon Web Services, is now live as of block height 148,888, or 14:44 UTC.

With bitcoin falling back towards $11K and news out of the Invest: Ethereum Economy conference, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: World's Growing Stockpile of Negative-Yielding Debt a Positive for Bitcoin, Say Analysts The search for profit is likely to intensify with amount of global debt offering negative yields more than doubling in the past seven months Blockchain Bites: Ethereum Power Users, Composability Questions, Staking Solutions This special edition of Blockchain Bites covers everything you need to know from CoinDesk's invest: ethereum economy conference and the news from elsewhere in the cryptoverse. New York Regulator Calls for More Social Media Oversight After Twitter Hack NYDFS said cybersecurity must be treated as critical infrastructure by governments and corporations alike.

With bitcoin traders eyeing $12K and Litecoin pivoting to privacy, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin Steady Above $11,400 as Hashrate Reaches New High Bitcoin's record hashrate indicates fundamentals are stronger than ever, according to Skew Markets. JPMorgan Calls Square's $50M Bitcoin Investment 'Strong Vote of Confidence' for the Cryptocurrency Other payment companies will also likely follow in Square's footsteps or risk getting shut out of a growing segment, JPMorgan wrote. In Effort to Differentiate, Litecoin Makes a Move to Privacy Litecoin (LTC) founder Charlie Lee told CoinDesk in an interview the project is now looking to adopt key privacy-enhancing features, which he sees as increasingly attractive to cryptocurrency users. WEF Releases Report Assessing Global Blockchain Standards The Global Standards Mapping Initiative is the most "comprehensive" attempt so far to survey blockchain technical standards, the WEF said.

With BTC on its longest winning streak in more than a year and governments around the world working to craft a global CBDC framework, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories Bitcoin Eyes $12K Price After 6-Day Streak of Gains Bitcoin's six-day run of gains has shifted the focus to psychological hurdle of $12,000. Some analysts are looking even higher. Coinbase Wallet Users Can Now Purchase Crypto Inside the App For Coinbase users who don’t want to keep their funds on an exchange, the buying and storing crypto just became a lot easier. IMF, World Bank Plan Central Bank Digital Currency Rules Many of the world's largest economies will institute national digital currency banking standards with the International Monetary Fund and World Bank. Serena Williams Looks to Have Dropped Coinbase Investment After Activism Row Williams' venture firm no longer displays Coinbase in its portfolio.

With BTC back above $11K and China giving away its new digital currency, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin Down 1% After Biggest Weekly Price Gain Since July Despite a dip today, bitcoin has crossed into bullish territory with the biggest weekly gain since July. BitMEX Exchange Hires Compliance Chief After US Charges BitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities for offering illegal trading services, has hired a compliance veteran. Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency. Spate of Bitcoin Extortion Bomb Threats Hit Government, Schools in Japan The extortionists demand a payment in bitcoin to avoid the detonation of an explosive device, per a report.

With BTC breaking above $11K and central banks collaborating to standardize CBDCs, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Bitcoin Tops $11K for First Time in Almost 3 Weeks Bitcoin appears to have broken out of its tight trading range over the past two weeks, between roughly $10,500 and $10,800. Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment Jack Dorsey's payments company is the second publicly traded firm to put some portion of corporate reserves into bitcoin, following MicroStrategy's $425 million all-in bet. Fed Reserve and 6 Other Central Banks Set Out Core Digital Currency Principles The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies. BitMEX CTO Released in US After Payment of $5M Bond The former chief technology officer of the troubled BitMEX exchange has been released after a bond for $5 million was paid in the U.S.

With trading volumes surging and DeFi slowing down, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Bitcoin Options Volume on CME Jumps 300% as Traders Take Bullish Bets Trading volumes for CME bitcoin options surged as traders made bull call spreads anticipating a rally. As DeFi Deflates, Ethereum Users Get Reprieve From Soaring Fees, Congestion The popularity of decentralized cryptocurrency exchanges had backed up the Ethereum blockchain, raising questions about its ability to scale. BitMEX CEO Arthur Hayes Leaves Role After US Charges The parent group of BitMEX has announced an executive shakeup after U.S. authorities charged the firm over allegedly illegal conduct. KPMG Airs Blockchain Solution to Help Corporates Offset Carbon Emissions "Big Four" firm KPMG says its patent-pending blockchain solution will help organizations measure, report and offset their carbon emissions

With BTC steady and central bank digital currencies getting close, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Analysts Can't Agree on What Prompted Big Spike in New Bitcoin Addresses New bitcoin addresses have spiked this month, with one industry exec pointing to traders moving funds off the legally troubled BitMEX exchange. Others disagree. China Central Bank Official Reveals Results of First Digital Yuan Pilots An official for China’s central bank unveiled usage statistics of state-backed digital currency trials held in three Chinese cities. Inside the Estonian CBDC Experiment That Could Shape the Digital Euro How the firm helping lead Estonia's central bank digital currency research is approaching a mass-market crypto coin. Oman Central Bank Warns on Crypto 'Risk,' Singles Out Dagcoin The central bank warned citizens and residents they use cryptocurrencies at their own risk.

As traders remain hopeful and mainstream investment funds increase their exposure to bitcoin miners, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Bitcoin's Options Market Retains Long-Term Bull Bias Despite Sluggish Price Options market data suggests the longer-term path of least resistance for bitcoin is to the higher side. Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining Stocks Stock of three major cryptocurrency mining firms are appearing in Fidelity, Vanguard and Charles Schwab mutual funds. John McAfee Arrested in Spain on US Criminal Charges John McAfee allegedly received $11.6 million in bitcoin and ether for pumping ICOs in 2017 and 2018. Guggenheim-Collected Artist to Release Digital Artwork on Blockchain Marketplace A prominent Taiwanese-American multimedia artist considered a pioneer of internet-based art is releasing her work on blockchain-based platform MakersPlace.

With interest in bitcoin futures falling to their lowest level since May, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Open Interest in CME Bitcoin Futures Slides as Market Sapped by Surging DeFi Institutional interest in bitcoin futures has plummeted as the DeFi explosion made carry trades less attractive, said Bequant's Denis Vinokourov. Bitcoin Miners Saw 11% Revenue Drop in September Miners generated an estimated $328 million in September. SEC Is Willing to 'Try' a Tokenized ETF, Chairman Says: Report SEC Chairman Jay Clayton expressed an openness to a tokenized exchange-traded fund. Pro-Crypto PAC Giving $50 in Bitcoin to the Campaign of Each Member of Congress In a bid to raise awareness, the Chamber of Digital Commerce’s PAC is contributing $50 in bitcoin to the campaign of incumbent members of Congress.

With Trump testing positive and a systemically important exchange in deep trouble, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Bitcoin, Stocks Fall as Trump Tests Positive for COVID-19 The cryptocurrency and Asian stock markets dumped early Friday after U.S. President Donald Trump announced he and his wife had tested positive to COVID-19. Ethereum 2.0 'Dress Rehearsal' Gets a Do-Over With Zinken Developers will take a second whack at a final Ethereum 2.0 testnet after the first, Spadina, failed due to “critical peering issues.” BitMEX 'Attempted to Evade' US Regulations, CFTC Charges The CFTC has charged BitMEX, CEO Arthur Hayes and other affiliated entities with offering US customers crypto trading services in violation of federal law. Should DEXs Be Worried After BitMEX? DeFi Founders Weigh In The sudden takedown of crypto exchange BitMEX has cast a new light on Ethereum’s decentralized finance (DeFi) markets.

With BTC looking for a breakout and more casualties in the aftermath of 2017s ICO boom, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Bitcoin Posts Biggest Monthly Price Loss Since March Bitcoin faced selling pressure in September as the U.S. dollar rose against major currencies for the first time in six months. Diginex Stock Goes Live on Nasdaq Following $50M in SPAC and Private Funding Diginex has become the first crypto exchange operator to be traded on Nasdaq, listing under the “EQOS” ticker symbol. Judge Rules Kik's Token Sale Violated US Securities Law A federal judge has ruled that Kik's 2017, $100 million token sale violated U.S. securities law, and wants to see a proposal for refunds. SEC Orders Salt Lending to Offer Refunds to Investors in Its $47M ICO The SEC has confirmed it is taking action against SALT Lending after ruling the company's $47 million ICO was an illegal securities issuance.

With bitcoin trading in an unusually tight range and DeFi darling SushiSwap suffering shrinkage, 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: First Mover: Chainlink's Sorry September Returns Shows DeFi Hysteria Deflating Chainlink's LINK has been the worst-performing digital asset in September in the CoinDesk 20, during an ugly month across cryptocurrency markets. DeFi 'Vampire' SushiSwap Still Hemorrhaging Liquidity Uniswap challenger SushiSwap is continue to lose vital liquidity, with total value locked falling by 8% in the past 24 hours. French Authorities Arrest 29 Suspected of Using Crypto to Fund Extremists in Syria Hundreds of thousands of euros may have been supplied through a secret network benefiting al-Qaida-linked extremists in northwestern Syria. Ocean Protocol Hard Fork Freezes Funds From KuCoin Hack On Sunday, Ocean Protocol conducted a hard fork from its old token address to prevent the KuCoin exchange hacker from continued unloading of stolen OCEAN tokens on decentralized exchange Uniswap.

With bitcoin back in the drivers seat and the Filecoin launch fast approaching, 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: Traders Rotate to Bitcoin Expecting a Quiet Q4 for Altcoins Some traders anticipate the leading cryptocurrency to significantly outperforming the entire crypto market for at least the next several months. Spadina Gives Ethereum 2.0 Developers a Three-Day Testnet Ethereum testnet Spadina gives developers one more crack at practicing with Eth 2.0’s deposit contract before the real deal arrives. California Governor Signs Law Bringing State 'New Tools' to Regulate Crypto The now-renamed California department responsible for the regulation of financial services will soon have more powers to supervise the cryptocurrency industry. Filecoin Confirms Long-Awaited Mainnet Launch for Next Month Three years after its $257 million ICO, decentralized data storage provider Filecoin has said mainnet will go live in mid-October.

With bitcoin's record-breaking run above $10,000 and Twitter talking blockchain strategy, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Bitcoin Has Been Less Volatile Than Tesla Stock for Months Bitcoin is often criticized for being over volatile, but it's been a sea of calm compared with Tesla stock in recent months. Bitcoin Sets Record 63 Straight Days Closing Above $10,000 Bitcoin has closed above $10,000 since July 27. $2B Locked: Uniswap Now Bigger Than Entire DeFi Industry Just Two Months Ago After passing $2 billion in locked assets, there's now more value in Uniswap than there was in the entire DeFi space on July 9. Jack Dorsey Details Twitter's Blockchain Strategy at Oslo Freedom Forum Jack Dorsey said the nonprofit Blue Sky will use blockchain to create an open Twitter protocol and give people more control over their data.

With bitcoin's best day in two months and a surprisingly positive report out of Chinese state media, 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: China State Media Make Rare Reports Calling Crypto 2020's Best Performing Asset Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year's top performing investment. Bill Proposes National Crypto Regulatory Framework The Digital Commodity Exchange Act would bring crypto exchanges into a single federal framework, overseen by the Commodity Futures Trading Commission. Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin The draft bill would define bitcoin and other cryptos as "currency" instead of an "asset" for tax purposes.

With bitcoin markets looking weak alongside a strengthening dollar, 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: Strengthening US Dollar Could Bring Further Downside for Bitcoin With the U.S. dollar eyeing a pre-election recovery, the path of least resistance for bitcoin may be to the downside. MakerDAO Users Hosed by March Flash Crash Won't Get MKR Payouts, Say MKR Whales After initially voting to do so, the Maker community will not compensate investors who lost big on the lending platform during "Black Thursday's" price rout.

With the bitcoin market weakening and an ECB update, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Today's stories: Bitcoin Market Weakening After Macro-Based Sell-Off, On-Chain Data Suggests Bitcoin inventory is building on exchanges but there's a lack of buyers, according to a Chainalysis economist. 'Misleading' Term Stablecoin Should Be Ditched, Says ECB The EU central bank said the term stablecoin is potentially "confusing" and "misleading" to consumers. Tokenized Bitcoin on Ethereum Now Tops $1.1 B: Here's Why The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why. Christie's to Auction Bitcoin-Inspired Artwork, Associated Non-Fungible Token The artwork titled, ‘Portraits of a Mind’ created by the Robert Alice project is a set of 40 paintings made up of a transcription of the code associated with the Bitcoin blockchain.

With bitcoin at risk of falling to four figures and new guidance from the OCC, 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: Equity Markets Turmoil Could Push Bitcoin Below $10K, Say Analysts Bitcoin risks falling into four figures on a continued sell-off in equities and rebounding U.S. dollar. Digital Euro Would Provide Alternative to Cryptos, ECB President Lagarde Says A digital euro for retail payments would "ensure that sovereign money remains at the core of European payment systems," according to Legarde. SEC, OCC Issue First Regulatory Clarifications for Stablecoins The U.S. OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S. Craig Wright Must Face Trial Over Alleged $11B Bitcoin Fortune as Request for Summary Judgment Denied In a case involving the ownership of about 1.1 million bitcoin (worth over $11 billion), the federal court denied Wright’s request for a summary judgment on Monday.

With bitcoin down amid broader market turmoil, 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 Down as Stocks Fall Over European Coronavirus Fears Bitcoin is dropping alongside stocks as soaring cases of COVID-19 threaten economic activity in Europe. China Sees Advantages in Being First on New Digital Currency 'Battlefield' The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC) Kraken Shows How Crypto Companies and Banks Are Evolving Together Kraken’s move to become a bank in Wyoming is more about getting traditional finance to adapt to the crypto industry than the other way around.

As bitcoin battles to establish a foothold above $11K and with DeFi surging on Ethereum, 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 Rises Back to $11K Despite Signs of Indecision in the Market Bitcoin is again looking to establish a foothold above $11,000 on Friday, although the technical charts are anything but stridently bullish. Bitcoin Supply on Ethereum Tops $1B More than 92,000 bitcoins have been tokenized on Ethereum. Uniswap Launches Governance Token to Keep Up With Rival Decentralized trading platform Uniswap has launched a governance token, UNI, minting 1 billion coins to be released to the public over the next four years. Uniswap Recaptures DeFi Buzz With UNI Token's Airdropped Debut A minimum of 400 UNI was airdropped to everyone who used Uniswap prior to September. Some called it “stimulus for Ethereum users.” Ethereum Smashes Records as DeFi Hype Sends Transactions and Miner Revenue Soaring Miners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

With bitcoin dropping overnight as DeFi booms, 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 Price Drops 4% After Latest Rejection at $12K Resistance Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level. Bitcoin Miners Saw 23% Revenue Increase in August Miners generated an estimated $368 million in August. DeFi Flippening Comes to Exchanges as Uniswap Topples Coinbase in Trading Volume Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase. Police Reportedly Raid Headquarters of Bithumb, South Korea's Largest Exchange Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud.

With ether reaching a two-year high and a breakdown on weird DeFi, 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 Price Hits 2-Year High The two-year high was reached alongside a drop in the number of coins held in exchange addresses. US Regulator to Shake Up Banking With Federal Charters for Payment Firms Acting Comptroller of Currency (and former Coinbase exec) Brian Brooks is spearheading the move to let payment firms operate as banks across state lines. Yearn, YAM and the Rise of Crypto's 'Weird DeFi' Moment What do these various memecoins do? Here's the rough TL;DR of the latest tokens to top the DeFi charts.

With bitcoin still lagging behind U.S stocks and additional tax guidance in the U.S., 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: US Stocks Closing on Bigger August Gain Than Bitcoin While bitcoin is eyeing an August gain for the first time in three years, the cryptocurrency is still lagging U.S. stocks over the month. Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention China Construction Bank had quietly opened up the wallet service of China's digital yuan to public users – but has now disabled it shortly after the feature gained wide attention. What Changes at the Fed and the SEC Mean for Crypto Chairman Powell’s speech on Thursday highlighted how much the Fed’s role is changing, and that's an opportunity for the crypto industry. Cryptocurrency Earned From Carrying Out Microtasks Is Taxable, Says IRS Memo The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms and, yes, such income is taxable.

With bitcoin and gold reversing losses, 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, Gold Recover After Jerome Powell Speech Shakes Markets Bitcoin and gold are reversing losses seen on Thursday after the Federal Reserve's announcement of a more relaxed approach to tackling inflation. Binance's Bitcoin 'Bid-Ask Spreads' Tighten as Cryptocurrency Markets Mature The narrowing gap between bitcoin buy and sell orders on big exchanges like Binance shows an increasing depth to cryptocurrency markets. Chainalysis Report Shows Healthy Crypto Usage in Venezuela The Venezuelan government's push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped. Bitmain, Ebang Among 21 Bitcoin Mining Farms Stripped of Energy Perks in Inner Mongolia Affected mining centers in the area may see a notable increase in electricity costs.

With bitcoin slightly bearish and cyber bandits pillaging New Zealand’s NZX exchange, 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's Implied Volatility Falls Sharply Ahead of Jerome Powell Speech Bitcoin’s options market foresees little price turbulence in the short-term, even as markets await a key speech from the chairman of the Federal Reserve. NYSE Can Allow Firms to Raise Funding Through Direct Listings, Says SEC The New York Stock Exchange may now allow some companies to raise capital via direct listings rather than IPOs. New Zealand Stock Exchange Hit Repeatedly by Cybercriminals Demanding Bitcoin NZX has halted trading for the third day in a row as a result of cybercriminals attempting to extort cryptocurrency. Commentary: Fed Chair Jerome Powell Details Inflation Target Changes The Fed confirmed if inflation consistently falls below its 2% target - as it has for most of the last decade - it will target inflation above 2%. Here's our live commentary.

With bitcoin’s silver lining and Ribbit’s $350 million “Blank Check,” 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 Drop Squeezes Out Weak Derivatives Positions – And That May Be a Good Thing Bitcoin’s latest price drop may have a silver lining. Crypto and Fintech VC Ribbit Capital Seeks $350M in 'Blank Check' IPO While it's unclear how much Ribbit Leap will focus on crypto or blockchain acquisitions, it comes at a time of renewed exuberance in the sector. FTX Exchange's $150M Deal for Mobile-First Blockfolio Is a Retail Trading Play The deal is a strategic play for FTX, whose clientele consists largely of quants and professional traders, to attract more retail customers. Brazilian Lawmaker Proposes Crypto Regulations for a Country Devoid of Any Brazil's crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history.

With bitcoin still under $12K and Aave pulling ahead of MakerDAO, 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: Powell's Coming Inflation Speech May Weigh Over Dollar and Boost Bitcoin: Analysts The Federal Reserve chief is expected to bolster expectations of inflation in a keynote Thursday. That may be bad for the dollar but good for bitcoin. Aave Becomes Second DeFi Project to Unseat MakerDAO for Most TVL DeFi credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFiPulse. Huawei Builds Blockchain Platform to Help Beijing Government Manage People's Data Huawei’s cloud services arm is helping the Beijing government set up a blockchain platform that would better track and manage people’s data. Bank for International Settlements: https://www.bis.org/publ/work880.htm?utm_source=newsletters&utm_medium=firstmover&utm_campaign=&clid=00Q1I00000N4DdAUAV A recent paper by the Bank for International Settlements looks at the economic reasoning behind central bank digital currencies and how they may be shaped for future implementation via mainstream adoption.

With Turkey getting bullish on bitcoin and BitMex blocking users in part of Canada, 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: Leveraged Funds Take Record Bearish Positions in Bitcoin Futures The funds likely boosted short positions to take advantage of attractive "cash and carry" yields. First Mover: Anything-Goes Token Market Repudiates Rich-Only Venture Capital Club Venture capital is no longer just for the rich, as crypto markets let traders bet on early-stage digital-asset startups, risks included. Istanbul or 'Coinstantinople'? Inside Turkey's Bitcoin Bull Market The relationship between economic crisis and crypto exchange activity in Turkey appears to have changed, with bitcoin coming out on the winning end. Crypto Derivatives Exchange BitMEX to Block Ontario Traders The veteran cryptocurrency derivatives exchange is to block users in Ontario, apparently at the behest of the local securities regulator.

With bitcoin still pulling back and LND learning to wumbo, 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 Options Open Interest Nears All Time High – But Rise in Puts Could Presage Drop While soaring open interest can be a sign of a continuing trend, the offloading of calls suggests bitcoin could correct further. Ready to Wumbo: LND Enables More, Larger Bitcoin Transactions on Lightning LND now supports Lightning Network wumbo channels. These channels have the capacity to hold more funds, and users can send larger bitcoin transactions. VC-Backed Crypto Exchange Mexo Launches in Latin America Mexo, a cryptocurrency exchange designed for the Latin American user, launched on Thursday. Thailand Is Prepping to Move Judicial System Records to a Blockchain The Office of the Court of Justice is developing its blockchain as part of Thailand's court digitization campaign.

With bitcoin taking a back seat to the DeFi boom and data platforms aiming for the moon, 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 Drop if Dollar Rebounds The bitcoin price could pull back even further should the dollar stage a full-blown recovery on the back of the latest Fed meeting. OMG Price Doubles as DeFi and Record Ethereum Fees Create ‘Perfect Storm’ OMG has more than doubled in the past seven days as record Ethereum fees lead investors to look more closely at layer-2 solutions. Russia's New Blockchain Elections Remain Centralized There will be two blockchain voting pilots for Russia's off-year election next month. TechCrunch:Moon lander startup ispace raises $28 million and launches a new lunar data platform

With bitcoin pulling back from its bull run and the emergence of YAM-inspired “Spaghetti Money,” 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's Bull Run is Slowing – Pullback Now Expected Some analysts are now predicting further price corrections after bitcoin fell back below the $12,000 milestone on Tuesday. Money Legos Turn 'Exuberant' as Chainlink Stripped of 'DeFi' This year's growth in the cryptocurrency subsector DeFi has been so remarkable that some analysts are now calling the phenomenon "exuberant." UK Regulator Grants License to Digital Security Exchange Archax The U.K. watchdog has granted several licenses to Archax that will allow it to become a "one-stop shop" for the digital security space. Binance-Owned WazirX Announces DeFi Project With Matic The exchange has opted for Matic instead of Ethereum’s network, which is currently dominating the DeFi space because of "high gas costs." $200m Staked in YAM-Inspired DeFi Protocol in Under 12 Hours The DeFi craze continues as investors stake $200 million in a new yield farming protocol that's not even 12 hours old yet.

With bitcoin's exchange reserves at a 20-month low and its hashrate getting soaked in Sichuan, 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 Holding Sentiment Strongest in Nearly Two Years The amount of bitcoin held on crypto exchanges is down to a 21-month low, a sign investors are feeling bullish. Bitcoin Passes $12K, Dollar Worries Grow, OMG Jumps, Portnoy's Orchid #Pump Bitcoin rises, Warren Buffett buys a gold miner, Wall Street dollars worry grow, OMG's price jumps, Orchid gets #pump tweet, Ethereum Classic's possible delisting. Heavy Rainstorms in China Are Hurting Bitcoin's Hashrate Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan. Binance Charity Pledges $20K to Beirut Explosion Relief Efforts Binance's charity arm is donating $20,000 to the victims of an explosion that rocked Lebanon's capital earlier this month.

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.

With traditional finance and crypto traders both enjoying market madness, 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: CME Rises in Bitcoin Futures Rankings as Institutional Interest Grows Institutional exchange CME has become the third-largest bitcoin futures exchange by number of open contracts. As Wall Street Goes Topsy-Turvy, Crypto Traders Are Bullish as Ever Crypto traders are enjoying their own version of the market’s madness, from bitcoin’s bull run to the collapse of YAM to Dave Portnoy. Singapore's Central Bank Backs New Code of Practice for Crypto Companies The guidance is aimed at assisting regulatory compliance and enhance crypto industry conduct under the city-state's payment laws. Belarus Is Back Online, With Lessons About Censorship Resistance What do you do if your country unplugs the internet? Satellite and mesh networks are possible future solutions, but they have technical and political limitations. China to Launch Major Expansion of Digital Currency Trials China is said to be planning additional testing of its digital yuan across a number of developed regions including Hong Kong.

With the price of BTC bouncing and ETH miners on the rise, CoinDesk's Markets Daily is back for your news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: Bitcoin Recovers From $11.3K Despite Losses in European Stocks Bitcoin has shrugged off a drop to $11,300 for the third day running, possibly buoyed by gold's recovery on Wednesday. Daily Profitability for Ethereum Miners Hits Over 2-Year High The surge in profitability comes after rises in transaction fees and prices of the ether cryptocurrency. Coinbase to Offer Bitcoin-Backed Loans to US Customers Coinbase will allow U.S. retail customers to borrow fiat loans against as much as 30% of their bitcoin holdings starting in the fall. YAM's Market Cap Falls From $60M to Zero in 35 Minutes YAM’s market cap fell to zero just minutes after the co-founder pronounced the yield farming project dead. A rescue plan is now in the cards.

With bitcoin prices sitting around $12K and Russia developing “Transparent Blockchain” AI, 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: First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins So-called stablecoins like tether and USDC are $1 tokens in theory, but a complex arbitrage transaction seems to have netted one trader an 89% profit in just minutes. Some Traders Now Taking Bets Ether Will Break $1K by December Some option traders are now betting ether will rise to $1,000 by year’s end. The Linux Foundation Wants Open-Source Tech to Address Future Pandemics The Linux Foundation hopes open-source apps will play a key role in tracing exposure to diseases like COVID-19 while being fully transparent. Russian Financial Crime Agency Plans AI Tool to Link Crypto Transfers to Users Russia's anti-money laundering agency Rosfinmonitoring has already built a prototype blockchain analytics tool, according to a report.

With bitcoin increasingly acting like gold and one company betting a quarter of a billion dollars on BTC, CoinDesk's Markets Daily is back for your news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: Bitcoin Rally Stalls as Increasingly Correlated Gold Drops Below $2K Bitcoin is increasingly taking cues from gold, a tried-and-tested store of value asset. MicroStrategy Buys $250M in Bitcoin, Calling the Crypto 'Superior to Cash' Digital gold is now the "principal holding" of MicroStrategy's revamped treasury reserve strategy. After Tumultuous Election, Belarus Goes Offline Internet is down in Belarus as people are protesting the results of presidential election Blockchain to Play 'Essential Role' in Farming Supply Chains, Says US Government An agency attached to the U.S. Department of Agriculture said it expects blockchain will play an important role in the sector's supply chains.

With the price of bitcoin knocking on $12k, CoinDesk's Markets Daily is back with another time saving news roundup. This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: First Mover: Bitcoin Hits $12K as Trump Orders Checks for Unemployed (Voters) Bitcoin pushed above $12,000 as President Donald Trump ordered emergency economic aid measures that might just be a precursor to a new spending bill worth trillions of dollars. Ethereum Classic Attacker Double-Spends $1.68M: Report The attacker attempted to double-spend roughly $3.3 million during the second attack. Crypto Attacks and What They Mean for Open-Source Value Ethereum Classic's recent 51% attacks highlight the value of large open-source networks such as Bitcoin and Eth – it’s about more than hashrate.