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Bitcoin News Roundup for Aug. 21, 2020
With bitcoin still pulling back and LND learning to wumbo, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:46 a.m. Published Aug 21, 2020, 4:00 p.m. 1 min read
With bitcoin still pulling back and LND learning to wumbo, 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 Options Open Interest Nears All Time High – But Rise in Puts Could Presage Drop
While soaring open interest can be a sign of a continuing trend, the offloading of calls suggests bitcoin could correct further.
Ready to Wumbo: LND Enables More, Larger Bitcoin Transactions on Lightning
LND now supports Lightning Network wumbo channels. These channels have the capacity to hold more funds, and users can send larger bitcoin transactions.
VC-Backed Crypto Exchange Mexo Launches in Latin America
Mexo, a cryptocurrency exchange designed for the Latin American user, launched on Thursday.
Thailand Is Prepping to Move Judicial System Records to a Blockchain
The Office of the Court of Justice is developing its blockchain as part of Thailand's court digitization campaign.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
More For You
Ether drops below $2,000 amid heavy selling pressure, yet futures open interest hits a record high. This divergences suggests aggressive shorting.
What to know:
- Ether has fallen below $2,000 for the first time since March amid rising risk aversion, with losses of nearly 8% over the past week.
- Open interest in ether futures has hit a record high even as prices drop, a combination that suggests aggressive leveraged selling and a bearish market tilt.
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