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Bitcoin News Roundup for Sept. 16, 2020

With bitcoin fighting for $11K and the first CBDC in real life, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 9:56 a.m. Published Sep 16, 2020, 4:00 p.m.
Markets Daily Front Page Adam Lyllah

With bitcoin fighting for $11K and the first CBDC in real life, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

STORY CONTINUES BELOW
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This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today's stories:


All Eyes on Fed Reserve Rate Announcement, as Bitcoin Fights for $11K

With the Federal Reserve's decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action.

Bahamas to Roll Out 'Sand Dollar' Digital Currency Next Month

The Bahamas' "Sand Dollar" will likely be the world's first live central bank digital currency (CBDC) when it launches in October.

Bitcoin CEO: MicroStrategy's Michael Saylor Explains His $425M Bet on BTC

How the business analytics chief became Wall Street's boldest bitcoin maximalist.

US State Bank Regulators Agree to Single Set of Rules for Fintech, Crypto Firm Licensing

Agencies from 48 states are expected to unveil a framework Wednesday that will simplify and consolidate regulation for crypto companies.

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

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State of the Blockchain 2025

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2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.

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South Korean retail keeps buying ether hoarder BitMine despite 80% drop: Report

Tom Lee of Bitmine. (Coindesk)

The company's pivot to building an ether treasury sparked a 3,000% rally, attracting attention from high-risk investors.

What to know:

  • South Korean retail traders continue to invest heavily in BitMine Immersion Technologies despite an 80% stock decline from its July peak.
  • BitMine ranks as the second most popular overseas equity among South Koreans, with a net $1.4 billion invested this year.
  • The company's pivot to building an ether treasury sparked a 3,000% rally, attracting attention from high-risk investors.