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Bitcoin News Roundup for Aug. 18, 2020
With bitcoin's exchange reserves at a 20-month low and its hashrate getting soaked in Sichuan, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:45 a.m. Published Aug 18, 2020, 4:00 p.m.
With bitcoin's exchange reserves at a 20-month low and its hashrate getting soaked in Sichuan, CoinDesk's Markets Daily is back for your latest crypto news roundup!
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's stories:
Bitcoin Holding Sentiment Strongest in Nearly Two Years
The amount of bitcoin held on crypto exchanges is down to a 21-month low, a sign investors are feeling bullish.
Bitcoin Passes $12K, Dollar Worries Grow, OMG Jumps, Portnoy's Orchid #Pump
It's been a busy time with bitcoin rising to a new key level, Warren Buffett buying a gold miner and ethereum classic's possible delisting.
Heavy Rainstorms in China Are Hurting Bitcoin's Hashrate
Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan.
Binance Charity Pledges $20K to Beirut Explosion Relief Efforts
Binance's charity arm is donating $20,000 to the victims of an explosion that rocked Lebanon's capital earlier this month.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Proposed ‘AfterDark’ Bitcoin ETF Would Skip U.S. Trading Hours
The fund would hold bitcoin only overnight, betting on data showing bitcon gains mostly occur outside regular market hours.
What to know:
- Nicholas Financial has filed with the SEC to launch a bitcoin ETF that holds BTC only during overnight hours.
- The “AfterDark” ETF buys bitcoin after U.S. stocks close for the day and then sells bitcoin and shifts into Treasuries during the American session.
- Data shows bitcoin tending to perform better when traditional U.S. markets are closed.
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