Bitcoin News Roundup for June 23, 2020

As the price of bitcoin trades in an increasingly compressed range, sources tell CoinDesk that PayPal is planning something big, an uncensorable internet browser launches and the Fed now says Bitcoin IS money.

AccessTimeIconJun 23, 2020 at 4:00 p.m. UTC
Updated Dec 6, 2022 at 6:28 p.m. UTC
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As the price of bitcoin trades in an increasingly compressed range, sources tell CoinDesk that PayPal is planning something big, an uncensorable internet browser launches and the Fed now says bitcoin IS money. CoinDesk's Markets Daily is back.

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This episode is sponsored by Bitstamp and Ciphertrace.

Bitcoin's price volatility has declined to levels last seen ahead of a major rally witnessed in October 2019. But will the pattern repeat this time?

Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.

Handshake minimizes the role of centralized entities in the internet’s basic infrastructure. First, it was a new domain system. Now it's a browser. 

Economists at the Federal Reserve suggest Libra – in its original, basket-backed stablecoin form – might not have had as severe an impact on financial stability as policymakers suggested last year.

The Aqua-Fi system uses a Wi-Fi connection to wirelessly connect a device to a Raspberry Pi, which converts the signal into a laser to be beamed to a relay on the water’s surface.

For early access before our regular noon Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Adam B. Levine

Adam B. Levine is the managing editor of CoinDesk's podcast division.

Lyllah Ledesma

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.


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