Bitcoin News Roundup for Aug. 12, 2020

With bitcoin prices sitting around $12K and Russia developing “Transparent Blockchain” AI, CoinDesk's Markets Daily is back for your latest crypto news roundup!

What Today’s Robinhood Rally Has in Common With the Last Crypto Boom

The pandemic's "Robinhood Rally" has echoes of the 2017 crypto boom and could presage new investment trends in digital asset and traditional markets.

First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins

So-called stablecoins like tether and USDC are $1 tokens in theory, but a complex arbitrage transaction seems to have netted one trader an 89% profit in just minutes.

Market Wrap: Bitcoin Stumbles to $11,300; USDC Lending Rates Skyrocket

Bitcoin experienced heavy selling Tuesday, while traders are finding profits in stablecoin borrowing strategies.

Some Traders Now Taking Bets Ether Will Break $1K by December

Some option traders are now betting ether will rise to $1,000 by year’s end.

Blockchain Bites: MicroStrategy’s $250M Bitcoin Bet, India Booms, Banks Open to Custody

MicroStrategy bets $250 million on Bitcoin's safe haven thesis. Indian crypto is booming. And David Marcus has a new role at Facebook.

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!

DEX Aggregator 1inch Raises $2.8M From Binance Labs, Galaxy Digital and More

Launched by software engineers from Porsche and NEAR Protocol, the startup has raised $2.8 million in a funding round led by Binance Labs.

Riot Blockchain Mined 227 Bitcoin in Q2

Riot reported a current mining capacity of 556 petahash per second.