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Crypto News Roundup for Jan. 17, 2020

Join CoinDesk Podcast Editor Adam B. Levine and Senior Markets Reporter Brad Keoun for a daily, time saving rundown of top news impacting crypto markets today.

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Today's news:

  • Bitcoin gaining today after two straight days of declines, up 1.3 percent to around $8,800.
  • The Block reports Grayscale Investments, a unit of Digital Currency Group, which is the owner of CoinDesk, raised more than $600 million from investors last year. And that’s up from 66 percent in 2018https://grayscale.co/insights/grayscale-2018-digital-asset-investment-report/.
  • The Libra Association, working under the auspices of Facebook to create a digital currency, has designated the leadership of a committee that will coordinate the token’s proposed design.
  • And crypto tax legislation is getting a new life in the U.S. Congress.
  • Some investors at a crypto conference this week in Switzerland say the U.S. may be entering a new cold war with China - over the future of money.
  • Back in North America, The Block reports most Canadian crypto exchanges will likely fall under the country’s securities laws following new guidance published Thursday.
  • And just a day after reports emerged that the Malta-based crypto exchange Binance will soon restrict access to Japanese residents, the exchange now says it’s eyeing the launch of a new trading platform for the Asian market.
  • Patrick McDonnell, 47, was sentenced to 33 months in prison on Thursday and ordered to pay $224,352 to victims, according to the U.S. Attorney's Office for the Eastern District of New York.

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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.

Adam B. Levine
Bradley Keoun

Bradley Keoun is CoinDesk's managing editor of tech & protocols, where he oversees a team of reporters covering blockchain technology, and previously ran the global crypto markets team. A two-time Loeb Awards finalist, he previously was chief global finance and economic correspondent for TheStreet and before that worked as an editor and reporter for Bloomberg News in New York and Mexico City, reporting on Wall Street, emerging markets and the energy industry. He started out as a police-beat reporter for the Gainesville Sun in Florida and later worked as a general-assignment reporter for the Chicago Tribune. Originally from Fort Wayne, Indiana, he double-majored in electrical engineering and classical studies as an undergraduate at Duke University and later obtained a master's in journalism from the University of Florida. He is currently based in Austin, Texas, and in his spare time plays guitar, sings in a choir and hikes in the Texas Hill Country. He owns less than $1,000 each of several cryptocurrencies.

Bradley Keoun