BREAKDOWN: Is Scam Selling Suppressing the Price of Bitcoin?

Today we also look at a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever.

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Today we also look at a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever.

This episode is sponsored by Bitstamp and Ciphertrace.

Today’s edition of The Breakdown is an extended version of the Brief, this time covering five topics.

  • New Jobless claims - sticking stubbornly at ~1.5 million new claims per week, despite economist expectations
  • The “whack-a-mole” economy - Former Treasury Secretary Lawrence Summers predicts as much as 30% of the economy may need to close to get COVID-19 under control
  • PlusToken scam pressure on BTC price: Has scam selling suppressed the price of bitcoin since early last year?
  • Biggest ever bitcoin option expiry; more than $1 billion in notational value BTC options are set to expire tomorrow, Friday, June 26
  • Apple’s UX privacy triumph: Users will have to opt-in to allow apps to track them across other apps as well