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Bitcoin News Roundup for Sept. 17, 2020
With bitcoin slipping with European stocks and a leaked memo about China's blockchain plans, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:57 a.m. Published Sep 17, 2020, 4:00 p.m.
With bitcoin slipping with European stocks and a leaked memo about China's blockchain plans, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
STORY CONTINUES BELOW
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's Stories:
Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K
Federal Reserve officials said Wednesday they would hold U.S. interest rates at zero and work to push inflation above 2% "for some time."
Bitcoin 'Young Investment' Wallets at Highest Level Since February 2018
New investors are entering the bitcoin market at a faster pace and possibly creating upward pressure on prices, on-chain data shows.
China's BSN Will 'Localize' Public Blockchains for Local Use
China’s state-sanctioned Blockchain-Based Service Network is finally bringing public chains to its homeland – but they will look very different.
Kraken Becomes First Crypto Exchange to Charter a US Bank
On Wednesday, the Wyoming Banking Board voted to approve Kraken’s bank charter application. Kraken is the first SPDI bank in Wyoming.
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More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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