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Bitcoin News Roundup for Aug. 19, 2020
With bitcoin pulling back from its bull run and the emergence of YAM-inspired “Spaghetti Money,” CoinDesk's Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:45 a.m. Published Aug 19, 2020, 4:00 p.m.
With bitcoin pulling back from its bull run and the emergence of YAM-inspired “Spaghetti Money,” CoinDesk's Markets Daily is back for your latest crypto news roundup!
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's Stories:
Bitcoin's Bull Run is Slowing – Pullback Now Expected
Some analysts are now predicting further price corrections after bitcoin fell back below the $12,000 milestone on Tuesday.
First Mover: Money Legos Turn 'Exuberant' as Chainlink Stripped of 'DeFi'
This year's growth in the cryptocurrency subsector DeFi has been so remarkable that some analysts are now calling the phenomenon "exuberant."
UK Regulator Grants License to Digital Security Exchange Archax
The U.K. watchdog has granted several licenses to Archax that will allow it to become a "one-stop shop" for the digital security space.
Binance-Owned WazirX Announces DeFi Project With Matic
The Mumbai exchange has opted for Matic instead of Ethereum’s network, which is currently dominating the DeFi space because of "high gas costs."
$200M Staked in YAM-Inspired DeFi Protocol in Under 12 Hours
The DeFi craze continues as investors stake $200 million in a new yield farming protocol that's not even 12 hours old yet.
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Coinbase Reopens India Signups, Targets Fiat On-Ramp in 2026 After Two-Year Freeze
Coinbase halted services entirely in 2023, off-boarded millions of Indian users and shuttered local access while reassessing regulatory exposure.
What to know:
- Coinbase has resumed onboarding users in India, marking its return to the market after a two-year hiatus due to regulatory issues.
- The exchange is currently allowing crypto-to-crypto trading and plans to reintroduce fiat on-ramps next year.
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