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Bitcoin News Roundup for May 8, 2020
Bitcoin bumps against six figures while a cancelled crypto event draws legal ire. It's CoinDesk's Markets Daily podcast.
Updated Dec 11, 2022, 7:50 p.m. Published May 8, 2020, 4:00 p.m. 1 min read
Bitcoin bumps against six figures while a cancelled crypto event draws legal ire. It's CoinDesk's Markets Daily podcast.
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
Today's stories:
Coinstar Plans Massive Expansion of Coinme Bitcoin ATMs as Usage Spikes
One of Bitcoin's Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds
First Mover: Search Interest in Bitcoin's Halving Reaches Fever Pitch as Price Hits $10K
'Massive Adoption' Conference Organizer Sued After Refund Delays
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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NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.
What to know:
- A $1.26 billion block sale of BlackRock’s IBIT shares was likely a rapid exit by a large investor, not an arbitrage unwind, according to NYDIG.
- The seller of the $1.26 billion IBIT block accepted a 2.3% discount ($29.5 million loss), signaling a priority on speed and certainty over maximizing price.
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