Bitcoin News Roundup for Sept. 24, 2020

September 24, 2020
The Last Cryptocurency
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Sep 24, 2020 at 16:00 UTC

Bitcoin News Roundup for Sept. 24, 2020

With bitcoin markets looking weak alongside a strengthening dollar, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.

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

Today’s Stories:

With the U.S. dollar eyeing a pre-election recovery, the path of least resistance for bitcoin may be to the downside.

After initially voting to do so, the Maker community will not compensate investors who lost big on the lending platform during “Black Thursday’s” price rout.

For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.

Aug 18, 2020 at 13:12 UTCUpdated Aug 18, 2020 at 13:20 UTCHugo Renaudin, CEO of LGO Markets. (Credit: Anna Baydakova for CoinDesk)Institutional crypto exchange LGO has joined up with transaction platform Fireblocks to speed up deposit times and enhance clients’ trading experience. LGO announced Tuesday it had joined Fireblocks' Deposit Acceleration Program.Crypto exchanges have to…

Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions to Blockchain Networks

Swift - the interbank messaging system and Chainlink (LINK), a provider of real world data to blockchains, will be collaborating with dozens of financial institutions to test how they can connect with multiple blockchain networks, according to a press release on Tuesday.In a new set of experiments, Swift will partner with major TradFi institutions like…

Early Trading Shows Bitcoin Cash Hard Fork May Not Be Divisive

An experimental market on a major crypto exchange suggests that bitcoin cash users may favor the more established version of the software, Bitcoin ABC, ahead of an expected fork this month. Due to the technical design of the cryptocurrency, currently the fourth-largest by market capitalization, bitcoin cash users must "hard fork" the blockchain, or adopt…

WATCH: Metal Pay CEO Says He Isn’t a Bitcoin Maximalist

news Is bitcoin a currency or commodity? That is one of the questions Marshall Hayner, CEO of Metal Pay, reflected on during an interview with Leigh Cuen of CoinDesk. According to Hayner, whatever the use case, it’s likely the industry will see more regulation going forward. In fact, it’s this increased oversight that may finally…

Inside the Story: The Attempted Binance Extortion Explained

news Like most CoinDesk stories, our interaction with an insider claiming to have access to the Binance hackers began with an email. “Hi John Biggs,” wrote someone calling himself John Amate (later Platon.) “I have read your article regarding about Binance hacking and it seems to me that you do not have much information about it. I…

U.S. Doesn’t ‘Need More Digital Currency’ Because It Has the Dollar, Says SEC’s Gensler

The U.S. doesn’t need any more digital currency, said the Securities and Exchange Commission chief Gary Gensler, as his agency sues Binance and Coinbase for operating unregistered securities exchanges.In an interview with CNBC on Tuesday, Gensler denied claims his approach was muddying the legal position around crypto, and also suggested there were parallels between his…

Bitwise’s Crypto Assets Under Management Rise Fivefold in Just 2 Months

Jan 4, 2021 at 4:08 p.m. UTCUpdated Jan 4, 2021 at 4:12 p.m. UTCBitwise CIO Matthew Hougan(CoinDesk archives)Bitwise’s Crypto Assets Under Management Rise Fivefold in Just 2 MonthsBitwise Asset Management, a provider of crypto index funds, says its assets under management (AUM) have now passed the $500 million mark – up from $100 million reported…

Blockstack’s Regulated Token Offerings Raise $23 Million

news Blockstack has raised more than $20 million in a token sale approved by the U.S. Securities and Exchange Commission, the company announced Tuesday. In a blog post, Blockstack co-founder Muneeb Ali wrote that the company’s Reg A+ compliant token offering concluded on Sept. 9, and combined with a strategic investment round led by Hashkey Group…

CluCoin Founder Pleads Guilty to Stealing $1.1M of Investor Funds for Online Gambling

The founder of Miami-based crypto project CluCoin has pleaded guilty to stealing over $1 million from investors and spending the money at online casinos. According to court documents filed in a Florida court last week, CluCoin’s founder – 40-year-old Austin Michael Taylor of Maryland – admitted to regularly transferring funds earmarked for CluCoin-related projects to

Bitcoin News Roundup for Sept. 24, 2020

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