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Bitcoin News Roundup for Aug. 20, 2020
With bitcoin taking a back seat to the DeFi boom and data platforms aiming for the moon, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:46 a.m. Published Aug 20, 2020, 4:00 p.m.
With bitcoin taking a back seat to the DeFi boom and data platforms aiming for the moon, 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.
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Today's stories:
Bitcoin Risks Deeper Drop if Dollar Rebounds
Bitcoin's price could pull back even further should the dollar stage a full-blown recovery on the back of the latest Federal Reserve meeting.
OMG Price Doubles as DeFi and Record Ethereum Fees Create ‘Perfect Storm’
OMG has more than doubled in the past seven days as record Ethereum fees lead investors to look more closely at layer 2 solutions.
Russia's New Blockchain Elections Remain Centralized
There will be two blockchain voting pilots for Russia's off-year election next month.
TechCrunch: Moon lander startup ispace raises $28 million and launches a new lunar data platform
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What to know:
- 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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