Bitcoin News Roundup for June 19, 2020

Bitcoin News Roundup for June 19, 2020

With miners HODLing, Reddit dreaming big and a crypto card issuer missing billions of dollars and drawing comparisons to Enron, CoinDesk’s Markets Daily is back with another Bitcoin news roundup.

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Miner outflows of bitcoin have dropped to decade lows, with analysts saying a hoarding mentality and a drop in issuance after the halving are responsible.

Reddit announced a partnership with the Ethereum Foundation to find a scaling solution for the site’s new blockchain-based Community Points.

Wirecard admitted the accounting hole was roughly a quarter of the company’s total balance sheet.

It’s only a proof-of-concept at this point, but there’s now a model for locking BTC on the Bitcoin blockchain and minting PolkaBTC on Polkadot.

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