Bitcoin News Roundup for Oct. 16, 2020

With BTC dropping, OKEx halting withdrawals and Filecoin launching, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today's stories:

Bitcoin Price Dips 3% on OKEx News, Analysts Aren't Too Worried

While market sentiment may remain temporarily weak after the OKEx news, a price crash looks unlikely.

OKEx Suspends Withdrawals, Says Key Holder Not Available Due to Cooperation With Investigation

Withdrawals are suspended as a key holder is "out of touch," preventing withdrawal authorizations.

Nigeria Is Developing Strategies for National Blockchain Adoption

Nigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale.

Filecoin Launch Finally Brings $200M ICO to Fruition

Filecoin, designed as a decentralized alternative to Amazon Web Services, is now live as of block height 148,888, or 14:44 UTC.

For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.