Bitcoin News Roundup for Aug. 26, 2020

With bitcoin’s silver lining and Ribbit’s $350 million “Blank Check,” CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today’s Stories:

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Bitcoin Drop Squeezes Out Weak Derivatives Positions – And That May Be a Good Thing

Bitcoin’s latest price drop may have a silver lining.

Crypto and Fintech VC Ribbit Capital Seeks $350M in ‘Blank Check’ IPO 

While it’s unclear how much Ribbit Leap will focus on crypto or blockchain acquisitions, it comes at a time of renewed exuberance in the sector.

Related: An Unintended Consequence of Low Interest Rates? The Big Get Bigger

FTX Exchange’s $150M Deal for Mobile-First Blockfolio Is a Retail Trading Play 

The deal is a strategic play for FTX, whose clientele consists largely of quants and professional traders, to attract more retail customers.

Brazilian Lawmaker Proposes Crypto Regulations for a Country Devoid of Any

Brazil’s crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history.

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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