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Bitcoin News Roundup for Sept. 9, 2020


With bitcoin hovering just above $10,000 and a tokenized form of Ethereum transaction fees in the crosshairs, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

September is Bitcoin’s Worst Month & It Can Get Worse This Year - Kraken


September is historically the worst month of the year for the price of bitcoin (BTC), with an average return of -7%, a new report from major crypto exchange Kraken warned. This year, BTC has underperformed relative to historical monthly averages, which, according to the company, means that...

Central Banks Are Driving People to Bitcoin - Morgan Stanley Exec


Central banks may be inadvertently driving a generation of investors to bitcoin (BTC) and other cryptoassets, said a Morgan Stanley executive. In an interview with CNN, Morgan Stanley’s Head of Emerging Markets and Global Macro Ruchir Sharma, opined that central banks’ actions were pushing...

Hash Power Broker Nicehash Denies It Enables 51% Attacks on ETC Network


Hash power broker Nicehash denies that it enables bad actors to use its hash renting platform to launch 51% attacks on blockchain networks. The broker insists that it does not have any way of monitoring or determining which blockchain is benefitting from a particular algorithm hash data. Only...

Crypto Exchange Kraken Makes Japan Return After Two-year Absence


Major American crypto exchange operator Kraken is set to return to Japan after an absence of over two years – under the umbrella of its Tokyo-based Payward Asia subsidiary. The San Francisco-based firm was forced to exit Japan back in April 2018, citing rising business maintenance costs. However...

Bitcoin and Altcoins Bulls Defending Crucial Breakdown Supports


Bitcoin price is trading in a crucial range below the USD 10,400 and USD 10,500 resistance levels. BTC bears made another attempt to clear the USD 10,000 support. However, the bulls defended losses below USD 10,000 and the price is currently (08:30 UTC) trading well above the USD 10,000...

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