Bitcoin News Roundup for Sept. 21, 2020

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.