Bitcoin News Roundup for July 8, 2020

Very crypto, much wow. With dogecoin back in the news, CoinDesk’s Markets Daily is back with another bitcoin news roundup.

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This episode is sponsored by Bitstamp and Crypto.com.

As Gold Hits 9-Year High, Bitcoin Eyes Price Breakout

Bitcoin is looking to leap key resistance alongside a strong rally in gold, but its role as an inflation hedge is still weak.

Dogecoin Volumes Spike 1,900% in 2 Days Amid Viral TikTok Videos

The Shiba Inu meme-based cryptocurrency’s price climbed 35% as TikTok users encourage each other to invest. 

Nearly $60M in Bitcoin Moved to Ethereum in June

Nearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin. 

 With Chat Privacy Under Threat in US, Firm Develops ‘100% User-Controlled’ Messaging

Unstoppable Domains is working to give users full control over their chat data with a new decentralized protocol.

Ride-Hailing Giant DiDi to Trial China’s Central Bank Digital Currency

Didi, the Chinese equivalent of Uber, is forming a task force to design and implement trial of China’s central bank digital currency on its on-demand transportation platform.

For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.