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Bitcoin News Roundup for Aug. 24, 2020

Written by:
Aeon Flux
Published on:
24 August 2020
Thoughts:
No comments yet

Aug 24, 2020 at 16:00 UTC

Bitcoin

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!

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.

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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Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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