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Bitcoin News Roundup for Sept. 3, 2020
With the price of bitcoin pulling back sharply and U.S. legislators again advocating for blockchain, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:52 a.m. Published Sep 3, 2020, 4:00 p.m.
With the price of bitcoin pulling back sharply and U.S. legislators again advocating for blockchain, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's Stories:
Bitcoin Risks Deeper Price Pullback as Exchange Inflows Spike
Wednesday saw a flurry of deposits onto exchanges, indicating some investors are trying to offload their bitcoin. That could further propel prices downwards.
Robinhood May Face $10M SEC Fine Over Disclosure Failures
Robinhood is reportedly under investigation by the Securities and Exchange Commission for not fully disclosing it was passing customer orders on to market makers.
Lawmakers Ask Trump to Use Blockchain in COVID Relief
Lawmakers are urging President Trump to consider blockchain solutions in the fight against COVID-19.
Swiss Canton Zug to Accept Taxes in Bitcoin, Ether From Next Year
Citizens and companies in Zug will be able to pay up to $109,000 of their tax bill in either bitcoin or ether as of next February.
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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Altcoins plunge as bitcoin's $85,000 test triggers $550 million in liquidations
Solana tumbled below $120 to its weakest price since April, while SUI, DOGE and ADA also fell sharply.
Ce qu'il:
- Bitcoin is teetering on the brink of falling below $85,000 level, accelerating declines in the crypto market.
- Altcoins such as SOL, Cardano, ADA, SUI and dogecoin led Thursday's drop.
- $550M in liquidations hit derivatives markets, but analysts said the pullback looks like orderly deleveraging rather than full-blown panic.
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