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Bitcoin News Roundup for Aug. 26, 2020
With bitcoin’s silver lining and Ribbit’s $350 million “Blank Check,” CoinDesk's Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:48 a.m. Published Aug 26, 2020, 4:00 p.m. 1 min read
With bitcoin’s silver lining and Ribbit’s $350 million “Blank Check,” CoinDesk's Markets Daily is back for your latest crypto news roundup!
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's Stories:
Bitcoin Drop Squeezes Out Weak Derivatives Positions – And That May Be a Good Thing
Bitcoin’s latest price drop may have a silver lining.
Crypto and Fintech VC Ribbit Capital Seeks $350M in 'Blank Check' IPO
While it's unclear how much Ribbit Leap will focus on crypto or blockchain acquisitions, it comes at a time of renewed exuberance in the sector.
FTX Exchange's $150M Deal for Mobile-First Blockfolio Is a Retail Trading Play
The deal is a strategic play for FTX, whose clientele consists largely of quants and professional traders, to attract more retail customers.
Brazilian Lawmaker Proposes Crypto Regulations for a Country Devoid of Any
Brazil's crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
Higit pang Para sa Iyo
From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
Ano ang dapat malaman:
- U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
- Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...
