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Bitcoin News Roundup for Aug. 28, 2020
With bitcoin and gold reversing losses, CoinDesk's Markets Daily is back for your latest crypto news roundup!
With bitcoin and gold reversing losses, CoinDesk's Markets Daily is back for your latest crypto news roundup!
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's Stories:
Bitcoin, Gold Recover After Jerome Powell Speech Shakes Markets
Bitcoin and gold are reversing losses seen on Thursday after the Federal Reserve's announcement of a more relaxed approach to tackling inflation.
Binance's Bitcoin 'Bid-Ask Spreads' Tighten as Cryptocurrency Markets Mature
The narrowing gap between bitcoin buy and sell orders on big exchanges like Binance shows an increasing depth to cryptocurrency markets.
Chainalysis Report Shows Healthy Crypto Usage in Venezuela
The Venezuelan government's push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped.
Bitmain, Ebang Among 21 Bitcoin Mining Farms Stripped of Energy Perks in Inner Mongolia
Affected mining centers in the area may see a notable increase in electricity costs.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
Plus pour vous
U.S. stocks and bonds, and the oil market are reacting positively to yet another purported peace agreement, but crypto markets remain under heavy pressure.
Ce qu'il:
- Markets reacted to a reported draft deal and recent U.S. airstrikes near the Strait of Hormuz by pushing stocks and bonds higher and oil lower, while bitcoin continued to slide.
- The Fed’s preferred inflation gauge, the PCE index, rose to 3.8 percent in April, its highest level since 2023, intensifying...
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