Markets Daily Crypto Roundup

Bitcoin News Roundup for Dec. 14, 2020

With BTC back up above $19K and the upcoming digital yuan not looking to "replace existing currencies," CoinDesk's Market's Daily is back with another crypto news roundup.

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ABOUT

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With BTC back up above $19K and the upcoming digital yuan not looking to "replace existing currencies," CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts

Bitcoin's revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts.

MassMutual's $100M Bitcoin Investment Marks Adoption Milestone: JPMorgan

JPMorgan analysts said MassMutual's recent $100 million bitcoin purchases are a sign of growing mainstream acceptance for the cryptocurrency.

Bitcoin's Relationship With Gold Is More Complicated Than It Looks

Just because gold is losing momentum and bitcoin is gaining doesn't mean investors are selling gold to buy bitcoin – not yet, anyway.

Ex-People's Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies

"We are not like libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.

HOST

Adam B. Levine

Adam B. Levine joined CoinDesk in 2019 as the editor of its new audio and podcasts division. Previously, Adam founded the long-running Let's Talk Bitcoin! talk show with co-hosts Stephanie Murphy and Andreas M. Antonopoulos.

Finding early success with the show, Adam transformed the podcast's homepage into a full newsdesk and publishing platform, founding the LTB Network in January of 2014 to help broaden the conversation with new and different perspectives. In the Spring of that year, he would go on to launch the first and largest tokenized rewards program for creators and their audience. In what many have called an early influential version of "Steemit"; LTBCOIN, which was awarded to both content creators and members of the audience for participation was distributed until the LTBN was acquired by BTC, Inc. in January of 2017.

With the network launched and growing, in late 2014 Adam turned his attention to the practical challenges of administering the tokenized program and founded Tokenly, Inc. There, he led the development of early tokenized vending machines with Swapbot, tokenized identity solution Tokenpass, e-commerce with TokenMarkets.com and media with Token.fm. Adam owns some BTC, ETH and small positions in a number of other tokens.

Adam B. Levine