Markets Outlook

With much of the social-media world reeling from yesterdays massive, unprecedented breach at Twitter HQ, CoinDesk's Markets Daily is back with another bitcoin news roundup.This episode is sponsored by Bitstamp and Crypto.com.CORRECTION: In the episode we reported numbers of transactions from data that turned out to be incorrect. Corrected totals are:MORE THAN $1000 17 TransactionsMORE THAN $100 90 TransactionsMORE THAN $1 156 TransactionsLESS THAN $1 65 TransactionsToday's Stories:Twitter Hack Used Bitcoin to Cash In: Here's WhyYou can send bitcoin from your phone or computer to anyone else, just about anywhere in the world. And once you’ve sent it, you can’t get it back.Twitter Breach Reactions: Security Professionals Offer an Early AssessmentOpSec pros had a wide array of opinions on Wednesday's Twitter breach, but they all agreed the fault did not lie with each hacked account's owner. Attackers Take Over Apple, Uber, Prominent Crypto Twitter Accounts in Simultaneous AttackHackers pumping a crypto giveaway scam appear to have compromised the Twitter accounts of leading exchanges, individuals and at least one news org.Everything We Know About the Bitcoin Scam Rocking Twitter's Most Prominent AccountsTwitter’s thin veil of security went into full meltdown at 19:00 UTC on Wednesday. Within hours, even Barack Obama’s account was compromised.Twitter Says 'Coordinated Social Engineering' Attack Caused Bitcoin ScamTwitter says "a coordinated social engineering attack" against an employee caused Wednesday's massive takeover.

As the race for Central Bank Digital Currencies heats up, CoinDesk's Markets Daily is back for your bitcoin news roundup!This episode is sponsored by Bitstamp and Crypto.com.Today's stories:With Bitcoin Stuck in the Doldrums, Altcoins Continue to RallyAltcoins like Chainlink's link token continue to outshine bitcoin, which is still consolidating above $9,000.Japan Is Seriously Considering a Digital Yen: ReportAs rivals and allies move forward with their own CBDC plans, Japan will seriously consider a digital yen as part of this year's policy agenda. China to Test Digital Yuan on Tencent-Backed Food Delivery PlatformNow three Tencent-backed companies are setting themselves up to become early-stage testers for China’s digital yuan initiative.Crypto Luminaries Auction NFT 'Art' for CharityVitalik Buterin's quadratic funding notes raised 40 ETH for an open-source grant program. He and others are auctioning off NFTs on Cryptograph for charity.UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US CustomersRevolut customers in the U.S. can now buy, hold and sell BTC and ETH on the digital bank’s crypto platform, thanks to a partnership with Paxos.Disgraced Lobbyist Jack Abramoff Pleads Guilty to Alleged Crypto FraudPreviously convicted lobbyist Jack Abramoff has pleaded guilty to knowingly promoting an alleged crypto fraud with false and misleading information.

With Tax-day approaching, CoinDesk's Markets Daily covers all things IRS and crypto taxes on todays show! This episode is sponsored by Bitstamp and Crypto.com.Today's Stories:Bitcoin Volatility Metrics Are Like November 2018 All Over AgainBitcoin is locked in a low-volatility squeeze similar to one seen ahead of a 40% price crash in November 2018. This time may be different.Even the IRS Admits Some Crypto Tax Regulations Are 'Not Ideal'Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.IRS Violated 'Taxpayer Bill of Rights' With 2019 Crypto Letters: WatchdogNearly a year after the IRS sent intimidating letters to crypto holders, the agency’s watchdog says the campaign violated its Taxpayer Bill of Rights.Bank of England Considering a Central Bank Digital Currency, Governor SaysThe U.K.'s central bank is discussing the possibility of launching a digital currency, perhaps in several years.

With BTC mining difficulty reaching a new record high, CoinDesk's Markets Daily is back with your bitcoin news roundup!This episode is sponsored by Bitstamp and Crypto.com.Today's stories:Drop in Bitcoin 'Whale' Addresses Suggests Market May Be DecentralizingThe number of bitcoin addresses holding at least 10,000 coins has dropped to a 14-month low alongside an uptick in lower-value addresses. Bitcoin Mining Difficulty Sets New Record High 2 Months After HalvingTwo months after the network's halving event, it's harder than ever to mine bitcoin.Crypto Long & Short: Dogecoin, Market Manipulation and the Downside of a Coinbase IPONoelle Acheson explains how the dogecoin rise exemplifies the creative destruction underway in markets, and what a potential Coinbase listing could mean for the development of crypto. 

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

With BTC headed back up and Brazil's real hitting new lows, CoinDesk's Markets Daily is back with another bitcoin news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's stories:Bitcoin Option Traders Bet on Bullish Move Following Volatility SqueezeWhile bitcoin's range play continues, options traders look to be betting on a big move to the higher side soon. Only 23% of Hodlers Have a Crypto Estate Plan: SurveyThe late Gerald Cotten wasn't the only investor who failed to make a plan for his crypto, according to a survey by the Cremation Institute.Brazil's Ailing Economy Is Helping Dollar-Pegged Stablecoins Find TractionBrazilian crypto users are increasingly turning to USD-pegged stablecoins as the country's real sinks to record lows against the dollar.Get Off the Cloud With Start9's Private Internet KitStart9 Labs’ Embassy server sets up its own private internet network and comes with its own operating system. We tried it.

Very Crypto, Much Fun. With Dogecoin back in the news, CoinDesk's Markets Daily is back with another bitcoin news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's Stories:As Gold Hits 9-Year High, Bitcoin Eyes Price BreakoutBitcoin is looking to leap key resistance alongside a strong rally in gold, but its role as an inflation hedge is still weak.Dogecoin Volumes Spike 1,900% in 2 Days Amid Viral TikTok VideosThe Shiba Inu meme-based cryptocurrency’s price climbed 35% as TikTok users encourage each other to invest. Nearly $60M in Bitcoin Moved to Ethereum in JuneNearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin. With Chat Privacy Under Threat in US, Firm Develops '100% User-Controlled' MessagingUnstoppable Domains is working to give users full control over their chat data with a new decentralized protocol.Ride-Hailing Giant DiDi to Trial China's Central Bank Digital CurrencyDidi, the Chinese equivalent of Uber, is forming a task force to design and implement trial of China's central bank digital currency on its on-demand transportation platform.

With BTC beating precious metals, Ethereum rising and a new report out on a lightning network vulnerability, CoinDesk's Markets Daily is back for your Bitcoin news roundup!This episode is sponsored by Bitstamp and Crypto.com.Today's stories:Bitcoin Up 27% in First Half of 2020, Beating Gold, Silver and PlatinumBitcoin showed its luster during the first half of 2020 amid mediocre returns from precious metals.Ethereum Activity Metric Hits Highest Level for 2 YearsThe number of active ether addresses just clocked a recent high, possibly thanks to its growing role in decentralized finance.Bitcoin's Lightning Network Is Vulnerable to 'Looting': New Research Explains Computer scientists Jona Harris and Aviv Zohar have examined the Lightning Network's "flood and loot" attack that preys on Bitcoin network congestion. Mercedes Maker Daimler Tests Blockchain for Supply-Chain Data SharingOcean Protocol has completed a proof-of-concept with Daimler, showing how the Mercedes-Benz maker can begin monetizing data across its supply chains.Block.One Co-Founder Brock Pierce Files to Run for US PresidentBrock Pierce has formally filed to run for President of the United States.

With bitcoin volatility sinking, lightning payments to your bank account and real world accountability on the blockchain, CoinDesk's Markets Daily is back for your BTC news roundup!This episode is sponsored by Bitstamp and Crypto.com.Today's stories: Bitcoin Rises in Line With Stocks After Dip Below $9KBitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities. Bitcoin Startup Zap Is Working With VisaLightning Network startup Zap, Inc. is partnering with Visa to offer the most user-friendly bitcoin services since Cash App.Irish Charity Receives $1.1M Grant to Build Blockchain Platform for Aid DistributionThe grant will also allow Oxfam to scale the project across the Pacific region and explore its potential in sub-Saharan Africa and the Caribbean.Afghanistan Approves Blockchain Project to Help Tackle Scourge of Counterfeit MedsFantom is launching a pilot to help combat Afghanistan's counterfeit drugs problem using its blockchain to trace products along the supply chain.

With traditional markets moving up and BTC sticking to its recent tight trading range, Markets Daily is back with another bitcoin news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's Stories:Market Wrap: As Traditional Markets Rally, Bitcoin Gets Boring Equities show strength as bitcoin stays rangebound above $9,000. Why Bitcoin Bulls Are Betting on Explosive Growth in IndiaDemand for bitcoin is up in India, thanks in part to the economic crisis. But Indian tech startups are more focused on Ethereum.Researchers Expose Flaw in Bitcoin Wallets That Could Be Exploited for Double-Spending