Crypto Update 8/6/21 | Why Bitcoin Maximalism?

With the top two tokens leading the cryptocurrency sector up, plus a look at what Bitcoin maximalists say about their beliefs, CoinDesk’s Markets Daily is back with the latest news roundup. This episode is sponsored by Kava, Nexo.io and Celo. Today's Stories: Ether Options Activity Increases as London Hard Fork Goes Live, $50K Call Most Popular Bitcoin Returns Above $40K; Faces Resistance at $45K-$50K Ethererum Hard Fork Sends Price Jumping as Fees Start to Burn Bets against Cathie Wood’s flagship ETF hit record high Stock Futures Waver Ahead of Jobs Report European equities set for best week since March as markets grind higher China’s Ban on Taiwan Pineapples Backfires as New Buyers Step In Business Groups Call on Biden to Restart Trade Talks With China - WSJ Winter is coming and temperature extremes are fuelling a global gas rally Alibaba Warns of Higher Taxes as China Crackdown Widens Senator Who Wrote Controversial Crypto Tax Rule Proposes Modest Revision JPMorgan Says CBDCs Must Not Cannibalize Commercial Financial Systems New York City to Explore Blockchain property titles for Preventing Deed Fraud in Land Sales Chainlink Unveils Crypto 'Keepers' and Anti-Fraud Blockchain Bridges Bitfarms' Bitcoin Production Rose 47.5% in July. CFTC Commissioner Says SEC Lacks Authority Over Commodities, Including 'Crypto Assets' Decentralized Music Streaming Service Audius Now Has 5M Users Featured Story: I Don't Understand Bitcoin Maximalism | Daniel Kuhn - Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io. - Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io. - Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.