With bitcoin down amid broader market turmoil, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today's stories:

Bitcoin Down as Stocks Fall Over European Coronavirus Fears 

Bitcoin is dropping alongside stocks as soaring cases of COVID-19 threaten economic activity in Europe.

China Sees Advantages in Being First on New Digital Currency 'Battlefield'

The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC)

Kraken Shows How Crypto Companies and Banks Are Evolving Together 

Kraken’s move to become a bank in Wyoming is more about getting traditional finance to adapt to the crypto industry than the other way around.