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Bitcoin News Roundup for Aug. 11, 2020
With bitcoin increasingly acting like gold and one company betting a quarter of a billion dollars on BTC, CoinDesk's Markets Daily is back for your news roundup!
Updated Sep 14, 2021, 9:42 a.m. Published Aug 11, 2020, 4:00 p.m.
With bitcoin increasingly acting like gold and one company betting a quarter of a billion dollars on BTC, CoinDesk's Markets Daily is back for your news roundup!
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Today's stories:
Bitcoin Rally Stalls as Increasingly Correlated Gold Drops Below $2K
Bitcoin is increasingly taking cues from gold, a tried-and-tested store of value asset.
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto 'Superior to Cash'
Digital gold is now the "principal holding" of MicroStrategy's revamped treasury reserve strategy.
After Tumultuous Election, Belarus Goes Offline
Internet is down in Belarus as people are protesting the results of the nation's presidential election.
Blockchain to Play 'Essential Role' in Farming Supply Chains, Says US Government
An agency attached to the U.S. Department of Agriculture said it expects blockchain will play an important role in the sector's supply chains.
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- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
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