Bitcoin News Roundup for July 22, 2020

With the price of BTC taking a breather following yesterdays jump, CoinDesk's Markets Daily is back with another bitcoin news roundup.

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

ABOUT

With the price of BTC taking a breather following yesterdays jump, CoinDesk's Markets Daily is back with another bitcoin news roundup.

This episode is sponsored by Bitstamp and Crypto.com.

Today's stories:

First Mover: This DeFi-Ready Token Is Teaching Crypto Traders to Cherish Inflation

An update on Bitcoin price action, courtesy of CoinDesk's Omkar Godbole.

Bitcoin 'Active Entities' at Highest Since 2017 Bull Run

The on-chain metric suggests Bitcoin is garnering users despite the cryptocurrency’s extended period of comatose price action.

China's Blockchain Infrastructure to Extend Global Reach With Six Public Chains

China’s blockchain infrastructure BSN will expand its global reach by integrating with six major public chains including Tezos, NEO, Cosmos’ Irisnet, Nervos, Ethereum and EOS. Developers using these blockchains will be able to run nodes and build dapps in the network.

Blockchain Bites: China's BSN Integrations and Satoshi's Newfound Wealth

Ethereum Classic supporters are ditching the project, top exchanges are developing "Travel Rule" solutions and, FYI, YFI might have a backdoor.

China's Supreme Court Calls For Better Protection Over Digital Currencies CoinDesk

A new guideline comes amid rising numbers of legal disputes in China over the ownership of digital currencies like bitcoin.

Korean Government Proposes Tough New 22% Tax on Crypto Trading

Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal.

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.