Bitcoin News Roundup for Sept. 17, 2020

With bitcoin slipping alongside European stocks and a leaked memo about China's blockchain plans, 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: Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% "for some time."  Bitcoin 'Young Investment' Wallets at Highest Level Since February 2018 New investors are entering the bitcoin market at a faster pace and possibly creating upward pressure on prices, on-chain data shows.  China's BSN Will 'Localize' Public Blockchains for Local Use China’s state-sanctioned Blockchain-Based Service Network is finally bringing public chains to its homeland -- but they will look very different.  Kraken Becomes First Crypto Exchange to Charter a US Bank On Wednesday, the Wyoming Banking Board voted to approve Kraken’s bank charter application. Kraken is the first SPDI bank in Wyoming. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.