Blockchain Bites will publish twice daily throughout Consensus: Distributed, setting the schedule and rounding up what you may have missed. From a hedge against inflation to its uncorrelated relationship with stocks, advisers have plenty of reasons to be interested in bitcoin. Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether’s TUSD. Also known as BUSD, the token is traded almost exclusively on the Binance exchange and its market cap – which roughly corresponds to the total value of dollars deposited with its issuer,... Bitcoin prices have continued upwards, as the world’s largest cryptocurrency has continued its recent fine run that started a week ago and has seen it add 17.5% to its value, and saw it crash through the $10,000 mark earlier today. BTC hit $10,950 on Binance earlier this evening, reaching its highest price since the beginning of August last year. Russian internet censorship agency Roskomnadzor blacklisted Binance in June, but apparently only made the cryptocurrency exchange aware of its decision today. Binance Russia director Gleb Kostarev ... Bitcoin has undergone a strong drop since the highs seen yesterday. The price of the leading cryptocurrency fell from its highs of $13,850 to lows around $12,900. This drop was seemingly a result of the drop in the U.S. stock market. The Dow Jones and the S&P 500 have dropped the largest they have in months, plunging 3% lower amid some uncertainty about fiscal stimulus and the upcoming election.
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