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Bitcoin News Roundup for August 4, 2020

Bitcoin News Roundup for August 4, 2020 With investment opportunities in traditional markets drying up, bitcoin futures are drawing record interest. CoinDesk’s Markets Daily is back for your bitcoin news roundup! Surging open interest in crypto derivatives suggests investors are seeking alpha in other investments, such as bitcoin, said the co-founder of an index fund

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First Mover: As Fed Nears Inflation Rubicon, Analysts See $50K Bitcoin in Play

First Mover: As Fed Nears Inflation Rubicon, Analysts See $50K Bitcoin in Play The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin. The Fed is “preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation,” according to a new

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Government Official Updates Progress of India’s Cryptocurrency Law

Government Official Updates Progress of India’s Cryptocurrency Law Advertisment A government official has reportedly confirmed that a “note” regarding the legal framework for cryptocurrency in India has been forwarded to related ministries for inter-ministerial discussions. It would then be presented to the cabinet for approval. Status of Indian Crypto Bill India’s cryptocurrency bill is back