Share this article

Bitcoin News Roundup for Aug. 20, 2020

With bitcoin taking a back seat to the DeFi boom and data platforms aiming for the moon, CoinDesk's Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 9:46 a.m. Published Aug 20, 2020, 4:00 p.m. 1 min read
Markets Daily Front Page Adam Lyllah

With bitcoin taking a back seat to the DeFi boom and data platforms aiming for the moon, 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 PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today's stories:

Bitcoin Risks Deeper Drop if Dollar Rebounds

Bitcoin's price could pull back even further should the dollar stage a full-blown recovery on the back of the latest Federal Reserve meeting.

OMG Price Doubles as DeFi and Record Ethereum Fees Create ‘Perfect Storm’

OMG has more than doubled in the past seven days as record Ethereum fees lead investors to look more closely at layer 2 solutions.

Russia's New Blockchain Elections Remain Centralized

There will be two blockchain voting pilots for Russia's off-year election next month.

TechCrunch: Moon lander startup ispace raises $28 million and launches a new lunar data platform

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

Mais para você

Hyperliquid SpaceX flash crash (Hyperliquid)

A massive selloff in a SpaceX crypto token wiped out hundreds of retail traders in 30 minutes because the market lacked enough cash to absorb the shock.

O que saber:

  • A violent 45% flash crash wiped out hundreds of retail traders when a SpaceX-linked crypto contract plummeted in just 30 minutes, wiping out $1.51 million in value and catching small-time investors completely off guard.
  • The market was too thin to handle one massive trade because the token lacked deep financial...