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Bitcoin News Roundup for June 9, 2020
With the price of bitcoin again struggling to breach $10,000 and volatility falling to recent lows, CoinDesk's Markets Daily is back with another bitcoin news roundup.
Updated Sep 14, 2021, 8:49 a.m. Published Jun 9, 2020, 4:00 p.m.
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With the price of bitcoin again struggling to breach $10,000 and volatility falling to recent lows, CoinDesk's Markets Daily is back with another bitcoin news roundup.
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This episode is sponsored by Bitstamp and Ciphertrace
Today's stories:
Market Wrap: $10,000 Remains Bitcoin's Price to Beat
Store of value? Bitcoin has outperformed gold and trounced U.S. equities so far this year.
Pentagon War Game Envisioned a Generation-Z Rebellion Funded by Bitcoin
The war game was designed in 2018 to prepare troops for future conflicts fought on computers rather than on the battlefield.
Media Startup Civil Shuts Down, Team Absorbed Into Decentralized ID Efforts at ConsenSys
Blockchain media startup Civil is shutting down after three years, with its team pivoting to building decentralized identity tools at parent firm ConsenSys.
Crypto News Outlet BlockTV Shuts Down, Citing Impact of COVID-19
Cryptocurrency-focused media startup BlockTV has shut down operations due to the economic strains of the COVID-19 crisis, according to two former employees.
Winklevoss Twins to Help Adapt 'Bitcoin Billionaires' Book for Film
Cameron and Tyler Winklevoss will help produce a film based on the best-selling book that featured their entrance into the world of bitcoin.
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BlackRock exec says 1% crypto allocation in Asia could unlock $2 trillion in new flows
During a panel discussion at Consensus in Hong Kong, Peach pointed to massive capital pools in traditional finance as ETF adoption spreads across Asia.
Cosa sapere:
- Even a 1% crypto allocation in standard portfolios across Asia could translate into nearly $2 trillion of inflows, highlighting how modest shifts in asset allocation could transform the digital asset market, according to the head of APAC iShares at BlackRock, Nicholas Peach.
- BlackRock's iShares unit, whose U.S.-listed spot Bitcoin ETF IBIT has rapidly grown to about $53 billion in assets, is seeing strong demand from Asian investors as ETF adoption accelerates across the region.
- Regulators in markets such as Hong Kong, Japan and South Korea are moving toward broader crypto ETF offerings, but industry leaders say investor education and portfolio strategy will be critical to channeling traditional finance capital into digital assets.
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