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!

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

ABOUT

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!

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

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 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.

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.