Bitcoin News Roundup for Aug. 25, 2020

Listen or watch all the new CoinDesk podcast episodes wherever you want.

ABOUT

With bitcoin still under $12K and Aave pulling ahead of MakerDAO, CoinDesk's Markets Daily is back for your latest crypto news roundup!

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

Today's stories:

Powell's Coming Inflation Speech May Weigh Over Dollar and Boost Bitcoin: Analysts

The Federal Reserve chief is expected to bolster expectations of inflation in a keynote Thursday. That may be bad for the dollar but good for bitcoin.

Aave Becomes Second DeFi Project to Unseat MakerDAO for Most TVL

DeFi credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFiPulse.

Huawei Builds Blockchain Platform to Help Beijing Government Manage People's Data

Huawei’s cloud services arm is helping the Beijing government set up a blockchain platform that would better track and manage people’s data.

Bank for International Settlements: https://www.bis.org/publ/work880.htm?utm_source=newsletters&utm_medium=firstmover&utm_campaign=&clid=00Q1I00000N4DdAUAV

A recent paper by the Bank for International Settlements looks at the economic reasoning behind central bank digital currencies and how they may be shaped for future implementation via mainstream adoption.

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.