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Bitcoin News Roundup for June 26, 2020
With new data from the Federal Reserve suggesting that the cryptocurrency might not be the answer to dire economic times, Markets Daily is back with your latest Bitcoin news roundup!
Updated Dec 6, 2022, 6:28 p.m. Published Jun 26, 2020, 4:00 p.m. 2 min read
With new data from the Federal Reserve suggesting cryptocurrency might not be the answer to dire economic times, Markets Daily is back with your latest bitcoin 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 Bitstamp and Ciphertrace.
Today's stories:
A Key Thesis for Bitcoin's Long-Term Bull Market Just Got a Knock
The narrative that inflation arising from the massive coronavirus stimulus efforts would lead to a long-term rise in bitcoin's price is looking weak with new data from the Federal Reserve.
Telegram Agrees to Pay $18.5M Penalty in SEC Settlement Over Failed TON Offering
Telegram has settled its six-month court case with the SEC, agreeing to pay $18.5 million in penalties and to notify the agency if it plans to issue another digital asset in the next three years.
FC Barcelona's Token Sale Hit $1.3M Cap in Under 2 Hours
The tokens will be earned by Barcelona fans who participate in club decisions, such as deciding on a new mural for the first team changing room.
Consumer Watchdog Moves to Block Canadian Bitcoin Miner From US Power Grid
Public Citizen warned the U.S. Dept. of Energy that DMG Blockchain's bid to export electricity could set a dangerous precedent.
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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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...
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