Bitcoin News Roundup for July 10, 2020

With the price of BTC headed down and the Federal Reserve’s largest balance sheet decline in 11 years, CoinDesk’s Markets Daily is back for your bitcoin news roundup!

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This episode is sponsored by Bitstamp and Crypto.com.

Today’s Bitcoin News:

Related: Inequality, Social Chaos, Bankruptcy Rallies: The Best Insights From FinTwit June 2020

The Federal Reserve’s Declining Balance Sheet Is Bearish for Bitcoin. Or Is It?

The Fed’s balance sheet just dropped the most in 11 years, but despite popular opinion that is not necessarily bad news for bitcoin.

BitClub Programmer Admits Mining Scheme Stole $722M in Bitcoin

The Romanian programmer pleaded guilty to wire fraud and the offering and sale of unregistered securities. 

Related: Bitcoin News Roundup for July 9, 2020

A Rare Glimpse Into How Crypto Is Really Used in Venezuela

After airdropping cryptocurrency to 60,000 users in Venezuela, AirTM survey results suggest how crypto is really used in the economically troubled nation.

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

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