Markets Daily Crypto Roundup

Bitcoin News Roundup for Nov. 9, 2020

With little technical resistance standing between BTC and new all-time highs, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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ABOUT

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With little technical resistance standing between BTC and new all-time highs, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Today's stories:

Bitcoin's Weekly Close Above 2019 High Leaves Runway Clear to $20K

Bitcoin has closed above last year's high, toppling a final technical barrier on the road to a potential new all-time high.

Veteran Investor Bill Miller Says Every Major Investment Bank Will Own Bitcoin or Something Like It

Following bitcoin purchases by MicroStrategy and Square, Miller said every major investment bank and high-net-worth firm will eventually have exposure to bitcoin or commodities like gold.

Family Offices May Now See Bitcoin as Alternative to Gold: JPMorgan Report

In a research report by JPMorgan’s global markets team, analysts noted that Grayscale Bitcoin Trust’s flow trajectory outperformed gold ETFs.

Crypto Lender Cred Files for Bankruptcy After Losing Funds in Fraud

In October, the lender published a cryptic letter saying it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”

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