Markets Daily Crypto Roundup

Bitcoin News Roundup for Oct. 16, 2020

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ABOUT

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

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.

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.

Adam B. Levine