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Bitcoin News Roundup for May 20, 2020

Bitcoin's halving busted a lot of miners while Samsung adds blockchain e-gaming. It's CoinDesk's Markets Daily podcast.

Updated Dec 11, 2022, 7:39 p.m. Published May 20, 2020, 4:00 p.m. 1 min read
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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 ErisXThe Stellar Development Foundation and Grayscale Digital Large Cap Investment Fundhttps://grayscale.co/coindesk.

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

Today's stories:

Bitcoin Mining Difficulty Drops by 6% In First Adjustment After Halving

Tokensoft Distributes $4M in Equity to Investors Using Ethereum Blockchain

Iran Moves to Restrict Crypto Exchanges Under 'Currency Smuggling' Laws

Blockchain E-Sports TV App to Ship on Samsung S20 Phones in US

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

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Trace Mayer (Trace Mayer)

The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.

What to know:

  • Bitcoin volatility has dropped from around 120 in 2017 to 35 as institutional participation and options markets add stability to the asset.
  • Mayer believes lower volatility makes bitcoin more investable for corporations, family offices, and institutional investors.
  • Despite long-term concerns around miner security incentives and quantum computing, Mayer remains bullish...