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Bitcoin News Roundup for July 17, 2020
With Binance expanding its miner ambitions and Thailand's CBDC seeing early use, CoinDesk's Markets Daily is back with another bitcoin news roundup.
Updated Sep 14, 2021, 9:32 a.m. Published Jul 17, 2020, 4:00 p.m.
With Binance expanding its miner ambitions and Thailand's CBDC seeing early use, CoinDesk's Markets Daily is back with another bitcoin news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's Bitcoin News:
First Mover: Why Bitcoin Traders Couldn't Give a Sat About the Twitter Hack
Bitcoin barely moved on this week’s Twitter hack. Here's what analysts said about why the attack had so little effect on prices.
Binance Pool Poised to Grab More Bitcoin Mining Hashrate in Russia
Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region.
Thailand Already Using Central Bank's Digital Currency
Thailand's digital currency is backed by the central bank’s foreign currency reserves, which have grown by $25 billion over the past 12 months.
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Why is Bitcoin Trading Lower Today?
Market uncertainty persists due to internal Fed divisions and unclear future rate paths until 2026.
What to know:
- Bitcoin and Ether prices fell following the Federal Reserve's rate cut and mixed signals about future monetary policy.
- The Fed's decision to purchase short-term Treasury bills aims to manage liquidity, not to implement quantitative easing.
- Market uncertainty persists due to internal Fed divisions and unclear future rate paths until 2026.
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