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Bitcoin News Roundup for July 22, 2020
With the price of BTC taking a breather following Tuesday's jump, CoinDesk's Markets Daily is back with another bitcoin news roundup.
Updated Sep 14, 2021, 9:34 a.m. Published Jul 22, 2020, 4:00 p.m.
With the price of BTC taking a breather following Tuesday's jump, CoinDesk's Markets Daily is back with another bitcoin news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's Bitcoin News:
First Mover: This DeFi-Ready Token Is Teaching Crypto Traders to Cherish Inflation
An update on bitcoin price action, courtesy of CoinDesk's Omkar Godbole.
Bitcoin 'Active Entities' at Highest Since 2017 Bull Run
The on-chain metric suggests bitcoin is garnering users despite the cryptocurrency’s extended period of comatose price action.
China's Blockchain Infrastructure to Extend Global Reach With Six Public Chains
China’s blockchain infrastructure BSN will expand its global reach by integrating with six major public chains including Tezos, NEO, Cosmos’ Irisnet, Nervos, Ethereum and EOS. Developers using these blockchains will be able to run nodes and build dapps in the network.
Blockchain Bites: China's BSN Integrations and Satoshi's Newfound Wealth
Ethereum Classic supporters are ditching the project, top exchanges are developing "Travel Rule" solutions and, FYI, YFI might have a backdoor.
China's Supreme Court Calls For Better Protection Over Digital Currencies CoinDesk
A new guideline comes amid rising numbers of legal disputes in China over the ownership of digital currencies like bitcoin.
Korean Government Proposes Tough New 22% Tax on Crypto Trading
Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Cosa sapere:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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