Bitcoin News Roundup for Oct. 9, 2020

With BTC breaking above $11K and central banks collaborating to standardize CBDCs, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co.

Today's stories:

Bitcoin Tops $11K for First Time in Almost 3 Weeks

Bitcoin appears to have broken out of its tight trading range over the past two weeks, between roughly $10,500 and $10,800.

Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment

Jack Dorsey's payments company is the second publicly traded firm to put some portion of corporate reserves into bitcoin, following MicroStrategy's $425 million all-in bet.

Fed Reserve and 6 Other Central Banks Set Out Core Digital Currency Principles

The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies.

BitMEX CTO Released in US After Payment of $5M Bond

The former chief technology officer of the troubled BitMEX exchange has been released after a bond for $5 million was paid in the U.S.