Bitcoin News Roundup for Sept. 2, 2020
ABOUT
With bitcoin dropping overnight as DeFi booms, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's stories:
Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance
Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level.
Bitcoin Miners Saw 23% Revenue Increase in August
Miners generated an estimated $368 million in August.
DeFi Flippening Comes to Exchanges as Uniswap Topples Coinbase in Trading Volume
Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase.
Police Reportedly Raid Headquarters of Bithumb, South Korea's Largest Exchange
Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud.
HOST
Adam B. Levine joined CoinDesk in 2019 as the editor of its new audio and podcasts division. Previously, Adam founded the long-running Let's Talk Bitcoin! talk show with co-hosts Stephanie Murphy and Andreas M. Antonopoulos.
Finding early success with the show, Adam transformed the podcast's homepage into a full newsdesk and publishing platform, founding the LTB Network in January of 2014 to help broaden the conversation with new and different perspectives. In the Spring of that year, he would go on to launch the first and largest tokenized rewards program for creators and their audience. In what many have called an early influential version of "Steemit"; LTBCOIN, which was awarded to both content creators and members of the audience for participation was distributed until the LTBN was acquired by BTC, Inc. in January of 2017.
With the network launched and growing, in late 2014 Adam turned his attention to the practical challenges of administering the tokenized program and founded Tokenly, Inc. There, he led the development of early tokenized vending machines with Swapbot, tokenized identity solution Tokenpass, e-commerce with TokenMarkets.com and media with Token.fm. Adam owns some BTC, ETH and small positions in a number of other tokens.

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