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Bitcoin News Roundup for Sept. 2, 2020

With bitcoin's price dropping overnight as DeFi booms, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 9:51 a.m. Published Sep 2, 2020, 4:00 p.m. 1 min read
Markets Daily Front Page Adam Lyllah

With bitcoin's price dropping overnight as DeFi booms, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

This episode is sponsored by Crypto.comBitstamp 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. Revenue estimates assume miners sell their bitcoins immediately.

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 its chairman engaged in investment fraud.

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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