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Bitcoin News Roundup for June 23, 2020
As the price of bitcoin trades in an increasingly compressed range, sources tell CoinDesk that PayPal is planning something big, an uncensorable internet browser launches and the Fed now says Bitcoin IS money.
Updated Dec 6, 2022, 6:28 p.m. Published Jun 23, 2020, 4:00 p.m.
As the price of bitcoin trades in an increasingly compressed range, sources tell CoinDesk that PayPal is planning something big, an uncensorable internet browser launches and the Fed now says bitcoin IS money. CoinDesk's Markets Daily is back.
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This episode is sponsored by Bitstamp and Ciphertrace.
The Last Time Volatility Was This Low Bitcoin Went On to Rally by $2K
Bitcoin's price volatility has declined to levels last seen ahead of a major rally witnessed in October 2019. But will the pattern repeat this time?
PayPal, Venmo to Roll Out Crypto Buying and Selling: Sources
Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.
Handshake Goes Live With an Uncensorable Internet Browser
Handshake minimizes the role of centralized entities in the internet’s basic infrastructure. First, it was a new domain system. Now it's a browser.
New York Fed's 'Bitcoin Is Fiat' Claim Sparks Controversy
Economists at the Federal Reserve suggest Libra – in its original, basket-backed stablecoin form – might not have had as severe an impact on financial stability as policymakers suggested last year.
Researchers Use Lasers to Bring the Internet Under the Sea
The Aqua-Fi system uses a Wi-Fi connection to wirelessly connect a device to a Raspberry Pi, which converts the signal into a laser to be beamed to a relay on the water’s surface.
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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From Lockstep to Lag, Bitcoin Poised to Catch Up With Small Cap Highs
The Federal Reserve begins Treasury bill purchases later Friday, starting with $8.2 billion as part of its reserve management program.
Ano ang dapat malaman:
- The Russell 2000 index has pushed to new all time highs alongside strength across U.S. equities and metals, while bitcoin remains 27% below its peak, marking a rare divergence after years of moving in sync.
- With small-cap stocks highly sensitive to falling interest rates and 2026 earning-per-share growth expectations near 49%, according to Goldman Sachs, improving macroeconomic conditions could realign bitcoin and crypto with small-cap strength.
- The Federal Reserve starts Treasury bill purchases today with an initial $8.2 billion operation, the first step in a $40 billion reserve management program running until April.
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