Markets Daily Crypto Roundup

Bitcoin News Roundup for June 19, 2020

BTC miners are HODLing, Reddit dreams big for its token and a crypto card issuer is missing billions of dollars at the "German Enron"...

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BTC miners are HODLing, Reddit dreams big and a crypto card issuer is missing billions of dollars at the "German Enron".

This episode is sponsored by Bitstamp and Ciphertrace.

Outflow of Bitcoin From Miners at Lows Not Seen Since 2010

Miner outflows of bitcoin have dropped to decade lows, with analysts saying a hoarding mentality and a drop in issuance after the halving are responsible.

Reddit Seeks Scaling Solution for Ethereum-Based 'Community Points'

Reddit announced a partnership with the Ethereum Foundation to find a scaling solution for the site's new blockchain-based Community Points.

Crypto Card Issuer Wirecard Says It's Missing $2.1B in 'German Enron' Scandal

Wirecard admitted the accounting hole was roughly a quarter of the company’s total balance sheet.

Polkadot Is Latest Blockchain to Explore Redeemable Bitcoin Tokens

It's only a proof-of-concept at this point, but there's now a model for locking BTC on the Bitcoin blockchain and minting PolkaBTC on Polkadot.

Zombie Satellites Return From the Graveyard

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