With the price of BTC headed down and the Fed's largest balance sheet decline in 11 years, CoinDesk's Markets Daily is back for your bitcoin news roundup!

This episode is sponsored by Bitstamp and Crypto.com.

The Federal Reserve's Declining Balance Sheet Is Bearish for Bitcoin. Or Is It?

The Fed’s balance sheet just dropped the most in 11 years, but despite popular opinion that is not necessarily bad news for bitcoin.

BitClub Programmer Admits Mining Scheme Stole $722M in Bitcoin

The Romanian programmer pleaded guilty to wire fraud and the offering and sale of unregistered securities.

A Rare Glimpse Into How Crypto Is Really Used in Venezuela

After airdropping cryptocurrency to 60,000 users in Venezuela, AirTM survey results suggest how crypto is really used in the economically troubled nation.

Bitcoin News Roundup for July 10, 2020