Brazilian Hedge Fund Still Down 56%, Despite 16 Months of Crypto Gains
https://www.coindesk.com/brazilian-hedge-fund-still-down-56-despite-16-months-of-crypto-gains

BLP Asset Management’s returns are a reminder that cryptocurrency funds that took a hit in 2018 when prices of digital currencies crashed have a harder time getting back to sea level than those buoyed by 2017’s cresting market gains.

Blockchain Bites: DiDi to Trial the Digital Yuan and a Look at Chainlink’s Gains
https://www.coindesk.com/blockchain-bites-didi-digital-yuan

The "Chinese Uber" will join the nations CBDC project, TikTok threw Dogecoin a treat and Nexo tapped Chainlink.

Blockchain to Play ‘Essential Role’ in Farming Supply Chains, Says US Government
https://www.coindesk.com/blockchain-essential-role-farming-supply-chains-us-government

An agency attached to the U.S. Department of Agriculture said it expects blockchain will play an important role in the sector's supply chains.

India May Be Starting Its Biggest Bitcoin Bull Run Yet
https://www.coindesk.com/india-may-be-starting-its-biggest-bitcoin-bull-run-yet

India’s crypto trade volumes have soared since the Supreme Court of India lifted banking restrictions for exchanges in March. According to Coin Dance's Paxful and LocalBitcoins volume data, India’s bitcoin peer-to-peer trade volume reached an all-time high in July.

First Mover: After Falling 65% This Year in Bitcoin Terms, Do ‘Stablecoins’ Need a Rebranding?
https://www.coindesk.com/first-mover-after-falling-65-this-year-in-bitcoin-terms-do-stablecoins-need-a-rebranding

So called stablecoins have been tanking in bitcoin terms lately. Should we be calling them "crypto-dollars" instead?

Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services
https://www.coindesk.com/following-occ-letter-some-us-banks-appear-open-to-providing-crypto-services

Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space.

10 Reasons Quant Strategies for Crypto Fail
https://www.coindesk.com/10-reasons-quant-strategies-for-crypto-fail

The terms "crypto" and "quant" go together perfectly. The reality is more complicated.

Bitcoin Rally Stalls as Increasingly Correlated Gold Drops Below $2K
https://www.coindesk.com/bitcoin-rally-stalls-as-increasingly-correlated-gold-drops-below-2k

Bitcoin is increasingly taking cues from gold, a tried-and-tested store of value asset.

Riot Blockchain Mined 508 Bitcoin in Q2
https://www.coindesk.com/riot-blockchain-mined-508-bitcoin-in-q2

Riot reported a current mining capacity of 556 petahash per second.

MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
https://www.coindesk.com/microstrategy-bitcoin-buy-protects-against-fiat-inflation

Digital gold is now the "principal holding" of MicroStrategy's revamped treasury reserve strategy.

Bison Trails Now Supports ‘Flow’ Blockchain From CryptoKitties Maker Dapper Labs
https://www.coindesk.com/bison-trails-now-supports-flow-blockchain-from-cryptokitties-maker-dapper-labs

Bison Trails users can now build apps, games and more on Dapper Labs' scalable blockchain.

Chia Network Raises $5M to Rival New Crop of DeFi-Friendly Base Layers
https://www.coindesk.com/chia-network-raises-5m-to-rival-new-crop-of-defi-friendly-base-layers

Chia Network, led by BitTorrent creator Bram Cohen, just raised another $5 million in an equity round led by Slow Ventures.

Coinbase’s Existing $8B Valuation Means It Doesn’t Need an IPO, Lawyer Says
https://www.coindesk.com/coinbase-existing-valuation-doesnt-need-ipo-lawyer-says

An IPO would do little to boost Coinbase's following or $8 billion valuation, said a lawyer that specializes in getting startups to a public offering.

DEX Aggregator 1inch Raises $2.8M From Binance Labs, Galaxy Digital and More
https://www.coindesk.com/dex-1inch-2-8m-from-binance-galaxy

Launched by software engineers from Porsche and NEAR Protocol, the startup has raised $2.8 million in a funding round led by Binance Labs.

Alchemy Goes Public With Developer Platform in Bid to Grow DeFi Ecosystem
https://www.coindesk.com/alchemy-goes-public-with-developer-platform-in-bid-to-grow-defi-ecosystem

Blockchain infrastructure startup Alchemy just launched its full suite of products to the public, after a two-year closed beta serving teams like MakerDAO and Kyber Network.

Building on Taproot: Payment Pools Could Be Bitcoin’s Next Layer Two Protocol
https://bitcoinmagazine.com/articles/building-on-taproot-payment-pools-could-be-bitcoins-next-layer-two-protocol?utm_source=rss&utm_medium=rss&utm_campaign=building-on-taproot-payment-pools-could-be-bitcoins-next-layer-two-protocol

Payment pools, a potential Layer Two solution made possible through Taproot, could let groups of bitcoin users share UTXOs and enjoy more privacy.
The post Building on Taproot: Payment Pools Could Be Bitcoin’s Next Layer Two Protocol (https://bitcoinmagazine.com/articles/building-on-taproot-payment-pools-could-be-bitcoins-next-layer-two-protocol) appeared first on Bitcoin Magazine (https://bitcoinmagazine.com/).

With Value Approach, Off The Chain Capital Is Changing The Bitcoin Investment Narrative
https://bitcoinmagazine.com/articles/with-value-approach-off-the-chain-capital-is-changing-the-bitcoin-investment-narrative?utm_source=rss&utm_medium=rss&utm_campaign=with-value-approach-off-the-chain-capital-is-changing-the-bitcoin-investment-narrative

As one of the best-performing funds in the space, Off The Chain Capital sets a value investing narrative for bitcoin.
The post With Value Approach, Off The Chain Capital Is Changing The Bitcoin Investment Narrative (https://bitcoinmagazine.com/articles/with-value-approach-off-the-chain-capital-is-changing-the-bitcoin-investment-narrative) appeared first on Bitcoin Magazine (https://bitcoinmagazine.com/).

Binance Denies Report It Was Blocked From Installing Its CEO on Board of Failing Bank
https://www.coindesk.com/binance-denies-union-bank-deal-blocked-liechtensteins-authorities

Crypto exchange Binance said the FMA had not rejected an application for CEO Chanpeng Zhao to join the board of the now-defunct Union Bank.

Elliptic Hires Former Revolut CFO as it Prepares for Asia Expansion
https://www.coindesk.com/elliptic-hires-david-maclean

David MacLean will oversee the crypto tracer's finance and personnel operations.

Bitcoin News Roundup for Aug. 11, 2020
https://www.coindesk.com/bitcoin-news-roundup-for-aug-11-2020

With bitcoin increasingly acting like gold and one company betting a quarter of a billion dollars on BTC, CoinDesk's Markets Daily is back for your news roundup!