Bitcoin News Roundup for Aug. 6, 2020

With bitcoin prices surging and a quick look at crypto lawsuits, CoinDesk's Markets Daily is back for your latest crypto news roundup!

Aug 6, 2020 at 4:00 p.m. UTC
Updated Sep 14, 2021 at 9:40 a.m. UTC

With bitcoin prices surging and a quick look at crypto lawsuits, CoinDesk's Markets Daily is back for your latest crypto news roundup!

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

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today's Stories:

Bitcoin prices surged 5% Wednesday, outpacing stocks and gold amid calls for more government stimulus to stem the fallout from the coronavirus pandemic.

A federal judge in New York criticized some parties to a class-action lawsuit against Block.one for appearing to be involved solely for potential high legal fees.

Investors suing crypto firm Status are seeking “alternative means” to serve top executives after they were unable to deliver court papers via traditional means.

Crypto businessman Danilo Afonso Pechin remains jailed after Brazil's High Court rejected his request for freedom.

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

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.