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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!
STORY CONTINUES BELOW
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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.
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Higit pang Para sa Iyo
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Ano ang dapat malaman:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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