Bitcoin News Roundup for June 11, 2020

With BTC and global equity markets down more than 1% on the day, CoinDesk’s Markets Daily is back with your bitcoin news roundup

This episode is sponsored by Bitstamp and Ciphertrace

Today's stories:

Bitcoin Stuck Below $10K as Stocks Drop

With the Fed dashing hopes of a V-shaped recovery, it's uncertain whether bitcoin will become a store of value or begin to track stocks.

Microsoft Releases Bitcoin-Based ID Tool as COVID-19 'Passports' Draw Criticism

Microsoft’s Bitcoin-based decentralized identity tool, ION, just went live with a beta version on mainnet.

Russia's Economy Ministry Calls for 'Controllable Market' Rather Than Crypto Ban

The ministry argued the draft ban would be harmful for Russia's economy and citizens, and called for a softer stance.

Coca-Cola Distributor Offers Bitcoin Payment Options for Aussie Vending Machines

More than 2,000 vending machines in Australia and New Zealand will let customers purchase Coke products using bitcoin.