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Bitcoin News Roundup for May 27, 2020
While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It's another episode of CoinDesk's the Markets Daily podcast.
Updated Dec 11, 2022, 7:30 p.m. Published May 27, 2020, 4:00 p.m.
While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It's Markets Daily from CoinDesk.
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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
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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.
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What to know:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
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- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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