Markets Outlook

With more on a possible digital dollar from Tuesday's Senate Banking Committee hearing, CoinDesk's Markets Daily is back for your crypto news roundup!This episode is sponsored by Bitstamp and Crypto.com.Today's stories:First Mover: Bitwise Calls $50K Bitcoin Price When Market Calm Finally BreaksBitwise suggests Bitcoin could be looking at territory well north of the previous $20,000 all-time high.Market Wrap: Crypto Market Eerily Quiet as Bitcoin Stuck Near $9KBitcoin volatility continues to drop as the price stays within a tight range and traders wait for a breakout in either direction.Bitcoin's Mining Difficulty Has Rarely Been This Static in a DecadeBitcoin's mining difficulty just posted the smallest percentage change in 10 years.Washington, DC, Lawyers Can Now Accept Crypto for Legal FeesThe District of Columbia Bar has approved crypto payments for lawyers' fees.Senate Banking Committee Remains Open to Idea of Digital Dollar in Tuesday's Hearing While not every lawmaker was on board with the idea of a central bank digital currency during a Senate Banking Committee hearing Tuesday, no one explicitly rejected it either.

As Zimbabwe embarks on its fifth bout of hyperinflation in modern history, CoinDesk's Markets Daily is back with another bitcoin news roundup.This episode is sponsored by Bitstamp and Ciphertrace.Today's Stories:Bitcoin Still Up 27% This Year Despite Dismal June PerformanceBitcoin is still outperforming the top traditional financial assets so far in 2020 – even after a dour performance this month. Reserve Bank of Zimbabwe on Twitter: "Press Statement on the Suspension of Monetary Transactions on Phone Based Mobile Money Platforms… "Witnesses Will Vouch for Stablecoins, Digital Dollars in US Senate Hearing TuesdayWitnesses will discuss stablecoins and tokenized dollars during Tuesday's Senate Banking hearing on the digitization of money. NYT: India Bans TikTok and Dozens of Other Chinese Apps

After a rough weekend, the price of BTC is back above $9,000 and Markets Daily from CoinDesk is here with another bitcoin news roundup.This episode is sponsored by Bitstamp and Ciphertrace.Bitcoin Closes in the Green Sunday to End Longest Daily Losing Run in 6 MonthsBitcoin chalked out minor price gains on Sunday, ending its longest run of daily losses for half a year and avoiding a break below the ongoing restricted trading range. Many Bitcoin Developers Are Choosing to Use Pseudonyms – For Good ReasonWhether out of concern for personal security or a desire to preserve privacy, many Bitcoin developers are known to the world only by their pseudonyms.World's Biggest Mining Firm Makes First Ore Trade on a BlockchainBHP has completed its first trial trade transaction of iron ore with China's Baosteel using blockchain technology.Crypto Long & Short: What Trends in Volatility Could Mean for BitcoinBitcoin’s investment narrative is evolving as the role of volatility is changing in both crypto and traditional markets.

With new data from the Federal Reserve suggesting that the cryptocurrency might not be the answer to dire economic times, Markets Daily is back with your latest Bitcoin news roundup! This episode is sponsored by Bitstamp and Ciphertrace.Today's stories:A Key Thesis for Bitcoin's Long-Term Bull Market Just Got a Knock The narrative that inflation arising from the massive coronavirus stimulus efforts would lead to a long-term rise in bitcoin's price is looking weak with new data from the Federal Reserve.Telegram Agrees to Pay $18.5M Penalty in SEC Settlement Over Failed TON OfferingTelegram has settled its six-month court case with the SEC, agreeing to pay $18.5 million in penalties and to notify the agency if it plans to issue another digital asset in the next three years. FC Barcelona's Token Sale Hit $1.3M Cap in Under 2 HoursThe tokens will be earned by Barcelona fans who participate in club decisions, such as deciding on a new mural for the first team changing room.Consumer Watchdog Moves to Block Canadian Bitcoin Miner From US Power GridPublic Citizen warned the U.S. Dept. of Energy that DMG Blockchain's bid to export electricity could set a dangerous precedent.

Bitcoin options have a big day coming up, NYC born rapper Ja Rule teams up with Ethereum-based Roll and more in this edition of Markets Daily, from CoinDeskThis episode is sponsored by Bitstamp and Ciphertrace.Today's Stories:Bitcoin Options Market Faces Record $1 Billion Expiry on Friday The cryptocurrency’s options market is on its way to a record $1 billion monthly expiry this Friday. This Startup Is Forking Compound to Make Hiring More EfficientBraintrust launched out of stealth mode Wednesday, backed by a $6 million seed round featuring True Ventures, Homebrew Ventures, Uprising Ventures, Galaxy Digital, IDEO CoLab, Kindred Ventures and Vy Capital.Ultra-Rich Monaco Wants to Fund Social Impact Projects With Security TokensMonaco’s Office of Digital Affairs has signed a memorandum of understanding (MoU) with Luxembourg-based blockchain startup Tokeny.'Social Money' Startup Inks Deal With Rapper Ja Rule, Releases Song With Lil BJa Rule has inked a deal with Roll, an Ethereum-based protocol that allows content creators to control their own platforms using personal crypto tokens.CREDIT: Social Money (On a Roll) (feat. Lil B, $alex Masmej, Connie Digital & Sid Worthy)https://www.youtube.com/watch?v=51g0CIViHOc 

With miners transferring more bitcoin now compared to any point in the last year, police misconduct on Ethereum and a new inter-blockchain hub out of China, Markets Daily is back with another news roundup.This episode is sponsored by Bitstamp and Ciphertrace.Miners Are Sending Bitcoins to Exchanges Again – and That May Be BearishA sudden spike in miner outflows of bitcoin to exchanges makes the cryptocurrency vulnerable to a price drop, according one analyst.Activists Document Police Misconduct Using Decentralized Protocol: Built on the InterPlanetary File System and the Ethereum blockchain, the protocol lets anyone file police misconduct reports anonymously.How Chainlink and Cosmos Fit Into China's Grand Blockchain InitiativeChainlink will help the state-backed Blockchain-Based Service Network with oracles, and Cosmos-powered Irisnet will assist with interoperability.

As the price of bitcoin trades in an increasingly compressed range, sources tell CoinDesk that PayPal is planning something big, an uncensorable internet browser launches and the Fed now says bitcoin IS money. CoinDesk’s Markets Daily is back.This episode is sponsored by Bitstamp and Ciphertrace.The Last Time Volatility Was This Low Bitcoin Went On to Rally by $2KBitcoin's price volatility has declined to levels last seen ahead of a major rally witnessed in October 2019. But will the pattern repeat this time?PayPal, Venmo to Roll Out Crypto Buying and Selling: SourcesFintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.Handshake Goes Live With an Uncensorable Internet BrowserHandshake minimizes the role of centralized entities in the internet’s basic infrastructure. First, it was a new domain system. Now it's a browser. New York Fed's 'Bitcoin Is Fiat' Claim Sparks ControversyEconomists at the Federal Reserve suggest Libra – in its original, basket-backed stablecoin form – might not have had as severe an impact on financial stability as policymakers suggested last year.Researchers Use Lasers to Bring the Internet Under the SeaThe Aqua-Fi system uses a Wi-Fi connection to wirelessly connect a device to a Raspberry Pi, which converts the signal into a laser to be beamed to a relay on the water’s surface.

This episode is sponsored by Bitstamp and Ciphertrace.Bitcoin Sees Small Gain as Gold Rallies to One-Month HighBitcoin is reporting moderate gains on Monday as gold, a safe haven asset, rallies amid renewed coronavirus concerns. Blackballed by PayPal, Scientific-Paper Pirate Takes Bitcoin DonationsBitcoin has been used by outlaws of all sorts, but this time the outlaw is a young scientist from Kazakhstan breaking through the paywalls of academic journals. Crypto Long & Short: What Changed My Mind About Bitcoin NarrativesIs bitcoin having a good year or not? As an industry, we need to work on honing our understanding of the many narratives, and how they can influence value.Cambodia Plots Dollar-Free Future With Blockchain-Based Payments: White PaperCambodia's central bankers are riding their hopes of de-dollarization on a national payments blockchain: Project Bakong. 

BTC miners are HODLing, Reddit dreams big and a crypto card issuer is missing billions of dollars at the "German Enron".This episode is sponsored by Bitstamp and Ciphertrace.Outflow of Bitcoin From Miners at Lows Not Seen Since 2010Miner outflows of bitcoin have dropped to decade lows, with analysts saying a hoarding mentality and a drop in issuance after the halving are responsible.Reddit Seeks Scaling Solution for Ethereum-Based 'Community Points'Reddit announced a partnership with the Ethereum Foundation to find a scaling solution for the site's new blockchain-based Community Points.Crypto Card Issuer Wirecard Says It's Missing $2.1B in 'German Enron' ScandalWirecard admitted the accounting hole was roughly a quarter of the company’s total balance sheet.Polkadot Is Latest Blockchain to Explore Redeemable Bitcoin TokensIt's only a proof-of-concept at this point, but there's now a model for locking BTC on the Bitcoin blockchain and minting PolkaBTC on Polkadot.Zombie Satellites Return From the Graveyard

With an Austrian app that aims to track COVID-19 now including blockchain, CoinDesk's Markets Daily Bitcoin news roundup is back!This episode is sponsored by Bitstamp and Ciphertrace.Today's stories:Bitcoin Still Undervalued After Q2 Rally, Price Metric ShowsBitcoin's Mayer multiple indicates the cryptocurrency is undervalued despite having rallied by over 40% this quarter.Austrian Government Funds Development of Blockchain-Based COVID-19 AppAustria's economic affairs ministry awarded a $67,600 grant to a project called QualiSig, which uses the Ardor blockchain to verify COVID-19 testing.Russia's Ministry of Justice Latest to Criticize Proposed Crypto BanRussia's Ministry of Justice is the latest government authority to oppose a proposed crypto ban, seeing inconsistencies in the bill's stipulations.Trump Told Treasury Secretary to 'Go After' Bitcoin, Bolton Book Reportedly ClaimsFormer national security adviser John Bolton is said to have revealed the conversation in his book, scheduled for publication next week.