Markets Outlook

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 GrowsInstitutional 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 EverCrypto 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 StocksBitcoin 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 HighThe surge in profitability comes after rises in transaction fees and prices of the ether cryptocurrency.Coinbase to Offer Bitcoin-Backed Loans to US CustomersCoinbase 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 MinutesYAM’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 StablecoinsSo-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 DecemberSome 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 PandemicsThe 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 UsersRussia'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 $2KBitcoin 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 OfflineInternet is down in Belarus as people are protesting the results of presidential electionBlockchain to Play 'Essential Role' in Farming Supply Chains, Says US GovernmentAn 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: ReportThe attacker attempted to double-spend roughly $3.3 million during the second attack. Crypto Attacks and What They Mean for Open-Source ValueEthereum Classic's recent 51% attacks highlight the value of large open-source networks such as Bitcoin and Eth – it’s about more than hashrate.

With bitcoin prices surging and a quick look at crypto lawsuits, 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: Bitcoin Rises More in One Day Than Stocks Have Gained All YearBitcoin prices surged 5% Wednesday, outpacing stocks and gold amid calls for more government stimulus to stem the fallout from the coronavirus pandemic.Judge Worries Plaintiffs' Lawyers Trying to Line Their Pockets in Block.one ICO LawsuitThe district judge criticized a class-action lawsuit brought against Block.one for appearing to be an attempt to earn high legal fees.Investors Suing Over Status ICO Can't Find Execs to Serve PapersInvestors suing crypto firm Status are seeking “alternative means” to serve top executives after they were unable to deliver court papers via traditional means.Man Accused of Arranging Murder to Avoid Crypto Debt Can't Escape Jail, Brazilian Court RulesCrypto businessman Danilo Afonso Pechin remains jailed after Brazil's High Court refused to hear his request for habeas corpus.

With bitcoin pushing towards $12,000 and gold at record highs, CoinDesk's Markets Daily is back for your crypto news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories: Bitcoin Price Rises 3% as Gold Trades Above $2K for First TimeBitcoin is again acting like a macro asset, drawing bids amid record rally in gold and broad-based U.S. dollar sell-off.Square Reports 600% Increase in Quarterly Bitcoin RevenueJack Dorsey's Square has seen one of the largest quarterly increases yet for its bitcoin business.Square Crypto, Human Rights Foundation Ramp Up Bitcoin Development GrantsSquare Crypto and the Human Rights Foundation are continuing their support for an open source Bitcoin developer community with new contributor grants.

With investment opportunities in traditional markets drying up, bitcoin futures are drawing record interest. CoinDesk's Markets Daily is back for your bitcoin news roundup!This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories: Bitcoin Futures Interest Soars as Bond Yields Fall to Record Lows: Industry ExecSurging open interest in crypto derivatives suggests investors are seeking alpha in other investments, like bitcoin, said the co-founder of an index fund provider.  Blockchain Bites: Hedge Fund Down, Banana Bets and the Twitter Hack FalloutAnother crypto hedge fund has called it quits, the teenage Twitter hacker reportedly had millions in bitcoin and Huobi sees DeFi as its next venture.

After a flash-crashy weekend, CoinDesk's Markets Daily is back with your quick daily update.This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today's stories:Bitcoin Investors Unshaken By Sunday's Flash Crash, Data SuggestsBitcoin investors look to have shrugged off Sunday’s sudden $1,400 price crash.First Mover: July Was a Runaway Month for Crypto ReturnsCrypto traders didn't have to be choosy to make money in July, when every digital asset in the CoinDesk 20 rose (except, of course, for the stablecoins).

With the dollar dropping to its lowest level since May 2018 and a reshuffle in Japan's central bank, CoinDesk's Markets Daily is back. This episode is sponsored by Bitstamp and Crypto.com.Today's stories: Bitcoin on Track for Highest July Price Gain in 8 YearsBitcoin appears on track to register its best July price performance for eight years and confirm a major bullish breakout in the process. Dollar Falls to Lowest Level in Over 2 Years While Gold, Silver, Bitcoin Continue to ShineThe dollar index dropped to its lowest level since May 2018. Bank of Japan Puts Top Economist in Charge of Digital Yen InitiativeThe central bank's most senior economist now runs the department responsible for the digital currency task force and working group with other central banks.Bank of England Building Payments Network to Support a Potential Digital PoundCoinDesk has learned the Bank of England's new settlement system is being built so it can be forwards compatible with a digital currency.