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Bitcoin News Roundup for Aug. 27, 2020

With bitcoin slightly bearish and cyber bandits pillaging New Zealand’s NZX exchange, CoinDesk's Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 9:49 a.m. Published Aug 27, 2020, 4:00 p.m. 1 min read
Markets Daily Front Page Adam Lyllah

With bitcoin slightly bearish and cyber bandits pillaging New Zealand’s NZX exchange, 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 PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today's Stories:


Bitcoin's Implied Volatility Falls Sharply Ahead of Jerome Powell Speech

Bitcoin’s options market foresees little price turbulence in the short term, even as markets awaited a key speech from the chairman of the Federal Reserve.

NYSE Can Allow Firms to Raise Funding Through Direct Listings, Says SEC

The New York Stock Exchange may now allow some companies to raise capital via direct listings rather than IPOs.

New Zealand Stock Exchange Hit Repeatedly by Cybercriminals Demanding Bitcoin

NZX has halted trading for the third day in a row as a result of cybercriminals attempting to extort cryptocurrency.

Commentary: Fed Chair Jerome Powell Details Inflation Target Changes

The Fed confirmed if inflation consistently falls below its 2% target – as it has for most of the last decade – it will target inflation above 2%. Here's our live commentary.

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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(CoinDesk)

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.

What to know:

  • 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...