Bitcoin News Roundup for May 27, 2020

While the Yuan weakens against the dollar, Coinbase makes an acquisition to grow it's institutional trading infrastructure. It's Markets Daily from CoinDesk.

Listen or watch all the new CoinDesk podcast episodes wherever you want.

ABOUT

While the Yuan weakens against the dollar, Coinbase makes an acquisition to grow it's institutional trading infrastructure. It's Markets Daily from CoinDesk.

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

Today's stories:

Slipping Yuan May Be Good for Bitcoin Price, Past Data Suggests

With historical data suggesting an intermittent correlation, bitcoin traders may do well to keep an eye on the ongoing slide in the yuan, analysts say.

ErisX Releases API for Bulk Trading of Bitcoin, Ether

ErisX has released a block trading API for futures contracts and spot market trades to help large traders.

Coinbase Buys Tagomi as 'Foundation' of Institutional Trading Arm

Crypto exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading for institutional clients.

Brazilian Retailer Eyes Services for the Unbanked With Acquisition of FinTech Firm Airfox

Via Varejo snapped up the Boston-based firm to further its aim of providing financial services to millions of unbanked Brazilians.

HOST

Adam B. Levine

Adam B. Levine joined CoinDesk in 2019 as the editor of its new audio and podcasts division. Previously, Adam founded the long-running Let's Talk Bitcoin! talk show with co-hosts Stephanie Murphy and Andreas M. Antonopoulos.

Finding early success with the show, Adam transformed the podcast's homepage into a full newsdesk and publishing platform, founding the LTB Network in January of 2014 to help broaden the conversation with new and different perspectives. In the Spring of that year, he would go on to launch the first and largest tokenized rewards program for creators and their audience. In what many have called an early influential version of "Steemit"; LTBCOIN, which was awarded to both content creators and members of the audience for participation was distributed until the LTBN was acquired by BTC, Inc. in January of 2017.

With the network launched and growing, in late 2014 Adam turned his attention to the practical challenges of administering the tokenized program and founded Tokenly, Inc. There, he led the development of early tokenized vending machines with Swapbot, tokenized identity solution Tokenpass, e-commerce with TokenMarkets.com and media with Token.fm. Adam owns some BTC, ETH and small positions in a number of other tokens.