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Bitcoin News Roundup for Aug. 24, 2020
With Turkey getting bullish on bitcoin and BitMex blocking users in part of Canada, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:47 a.m. Published Aug 24, 2020, 4:00 p.m.
With Turkey getting bullish on bitcoin and BitMex blocking users in part of Canada, 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:
Leveraged Funds Take Record Bearish Positions in Bitcoin Futures
The funds likely boosted short positions to take advantage of attractive "cash and carry" yields.
First Mover: Anything-Goes Token Market Repudiates Rich-Only Venture Capital Club
Venture capital is no longer just for the rich, as crypto markets let traders bet on early-stage digital-asset startups, risks included.
Istanbul or 'Coinstantinople'? Inside Turkey's Bitcoin Bull Market
The relationship between economic crisis and crypto exchange activity in Turkey appears to have changed, with bitcoin coming out on the winning end.
Crypto Derivatives Exchange BitMEX to Block Ontario Traders
The veteran cryptocurrency derivatives exchange is to block users in Ontario, apparently at the behest of the local securities regulator.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
What to know:
- A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
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