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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.
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.
STORY CONTINUES BELOW
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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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LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
Wat u moet weten:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
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