Markets Outlook

Bitcoin News Roundup for June 2, 2020Not so good news for fans of $10K BTC. It's CoinDesk's Markets Daily Podcast.This episode is sponsored by Bitstamp and CiphertraceBitcoin's Price Drops by 8% in Less Than 5 MinutesBitcoin's price fell more than $800 in under five minutes on Tuesday, pushing the broader cryptocurrency market into the red.Crypto Criminals Have Already Stolen $1.4B in 2020, Says CipherTraceThe figure puts 2020 on track to become the second-costliest year in the history of crypto.Blockchain Firms Flocked to Hong Kong in 2019: ReportBlockchain firms led the charge of fintech companies that relocated to Hong Kong in 2019.Media Startup Civil Shuts Down, Team Absorbed Into Decentralized ID Efforts at ConsenSysBlockchain media startup Civil is shutting down after three years, with its team pivoting to building decentralized identity tools at parent firm ConsenSys.US Offers $5M Bounty for Arrest of Venezuela's Crypto ChiefThe head of Venezuela's state-backed petro cryptocurrency has been added to the U.S Immigration and Customs Enforcement's Most Wanted list. 

With bitcoin breaking above $10,000, CoinDesk's Markets Daily is back!This episode is sponsored by Bitstamp and CiphertraceBitMEX Sees Biggest Short Squeeze in 8 Months After Bitcoin SurgeA big short squeeze has taken bitcoin passed a major psychological hurdle – some think its the start of a breakout.Bitcoin Rises Above $10K for First Time in 25 Days as Protests Roil US CitiesBitcoin has risen above $10,000 for the first time in almost a month as protests in U.S. cities continue to intensify.Chinese Chip Maker With a Hand in Crypto Mining Plans $2.8B IPOHong Kong-listed SMIC plans to raise $2.8 billion via an initial public offering on the Shanghai Stock Exchange, in hopes of advancing its chip making practices. The company is working with Canaan Creative to build a new crypto miner.Maker of Coldcard Bitcoin Wallet Rolls Out an Extra-Strength 'USB Condom'CoinKite, maker of the Coldcard hardware wallet, has introduced two accessories that underscore the near-paranoia required to safely hold bitcoin.

With bitcoin and ether both headed up, CoinDesk's Markets Daily is back with your bitcoin news roundup.This episode is sponsored by Bitstamp and CiphertraceToday's stories:Ether Leads Bitcoin on Price as Investors Prepare for Staking ArrivalBitcoin has put in a positive June performance in six out of the last eight years. But Ethereum is drawing new investors with the start of staking due this year.Bug in 'Timelocked' Bitcoin Contracts Could Spur Miners to Steal From Each OtherA widespread bug has compromised a special type of bitcoin transaction that is supposed to discourage miners from cheating, new research shows.Chase Bank to Refund 95% of $2.5M It Allegedly Overcharged Crypto BuyersThe JPMorgan subsidiary has agreed to repay most of $2.5 million it took in credit card fees for cryptocurrency purchases.Russia Is About to Drop the Crypto 'Iron Curtain,' Industry WarnsRussia's crypto community is pushing back against a set of bills that could impose onerous restrictions on startups and individuals in the country.

With bitcoin and many traditional markets down on the day, CoinDesk's Markets Daily is back!This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.Bitcoin Rally Falters as Stocks Drop Ahead of Trump's China SpeechBitcoin's bulls are taking a breather as the traditional markets get the jitters over rising tensions between the U.S. and China.Twetch Gets Suspended From Twitter in Wake of Trump 'Fact-Check' StormThe Twitter account of BSV-based social media platform Twetch was suspended Thursday without warning, said Twetch co-founder Josh Petty.'Passwordless Login' Startup Magic Raises $4M From Naval Ravikant, PlaceholderEthereum startup Magic just raised $4 million from investors like Naval Ravikant, SV Angel, Placeholder and Volt Capital to make passwords less of a pain.US Court Freezes Assets Linked to Alleged $9M ICO ScamA federal court has frozen assets raised from investors in the Meta 1 Coin token sale in this increasingly bizarre ICO story.

Goldman talks down cryptocurrencies while Minecraft boots up tokenized assets. It's another episode of Markets Daily from CoinDesk!This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.First Mover: Chainlink 'Marines' Are HODLing and Here's Why You Should CareChainlink, the blockchain oracle provider, apparently has not only a devoted group of backers known as "LINK Marines" but a surprisingly committed crew of long-term investors. Here's why.Goldman Sachs: Cryptocurrencies 'Are Not an Asset Class'Goldman Sachs held an investor call Wednesday to discuss current policies for bitcoin, gold and inflation. The stalwart investment bank is still no fan of bitcoin or other cryptocurrencies.Enjin's New Minecraft Plugin Lets Players Spawn Blockchain AssetsMinecraft, one of the world’s most popular video games, has a new plug-in enabling players to place blockchain assets directly into their servers.Handshake Domains Bring in $10M as Race for Censorship-Resistant Websites Heats UpDuring the coronavirus crisis, Handshake may be the leading free-speech-oriented crypto project. But is it just beginner’s luck?

While the Yuan weakens against the dollar, Coinbase makes an acquisition to grow it's institutional trading infrastructure. It's Markets Daily from CoinDesk.This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.Today's stories:Slipping Yuan May Be Good for Bitcoin Price, Past Data SuggestsWith historical data suggesting an intermittent correlation, bitcoin traders may do well to keep an eye on the ongoing slide in the yuan, analysts say. ErisX Releases API for Bulk Trading of Bitcoin, EtherErisX has released a block trading API for futures contracts and spot market trades to help large traders.Coinbase Buys Tagomi as 'Foundation' of Institutional Trading ArmCrypto exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading for institutional clients.Brazilian Retailer Eyes Services for the Unbanked With Acquisition of FinTech Firm AirfoxVia Varejo snapped up the Boston-based firm to further its aim of providing financial services to millions of unbanked Brazilians.

Remember that time you claimed to be Satoshi Nakamoto and then someone immediately proved you were lying? It's the inevitable return of CoinDesk's Markets Daily podcast!This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.Today's stories:As Bitcoin Falls to 2-Week Lows, Small Investors Look to Be BuyingCraig Wright Called 'Fraud' in Message Signed With Bitcoin Addresses He Claims to OwnCanaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price CutThailand Turns to Blockchain to Boost Renewable Energy Push

Spoooky! BTC saw a ghost yesterday and scared the markets. It's CoinDesk's Markets Daily podcast.This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.Today's stories:50 BTC Just Moved for First Time Since 2009 – But It Doesn't Look Like SatoshiBitcoin Drops Over 3% Despite Golden Cross and Bank Calls for More US StimulusAfter Lawsuits and Delays, Overstock Hands Shareholders Digital DividendGenesis Trading Buys Crypto Custodian Vo1t in Bid to Become Prime Broker

Bitcoin's halving busted a lot of miners while Samsung adds blockchain e-gaming. It's CoinDesk's Markets Daily podcast.This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Today's stories:Bitcoin Mining Difficulty Drops by 6% In First Adjustment After HalvingTokensoft Distributes $4M in Equity to Investors Using Ethereum BlockchainIran Moves to Restrict Crypto Exchanges Under 'Currency Smuggling' LawsBlockchain E-Sports TV App to Ship on Samsung S20 Phones in US

BTC hits a golden cross while hackers break into COVID-curing supercomputers. It's CoinDesk's Markets Daily podcast.This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.Today's stories:Bitcoin's Impending Golden Cross May Bolster Bulls: AnalystsBug Forces Shutdown of Bitcoin-Backed Ethereum Token tBTCDevelopers of Ethereum Privacy Tool Tornado Cash Smash Their KeysEU Supercomputers Hijacked From COVID-19 Research to Mine CryptocurrencyOK Go adds a little magic to quarantine