Markets Daily Crypto Roundup

Bitcoin News Roundup for Oct. 26, 2020

With BTC finally above $13K and at least some clarity from the IRS on crypto tax reporting, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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ABOUT

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With BTC finally above $13K and at least some clarity from the IRS on crypto tax reporting, 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:

Number of Bitcoin 'Whale' Addresses at Highest Since Autumn 2016

The number of investors with over 1,000 bitcoin has peaked to four-year highs amid the recent price rally.

Bitcoin's Rivalry With Gold Plus Millennial Interest Gives It 'Considerable' Upside Potential: JPMorgan

A Friday note outlines institutional, corporate, and millennial interest in the leading cryptocurrency.

Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS' Draft 2020 Guidance

The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.

Virgil Griffith's Attorney Files Motion to Dismiss Sanctions Charges

The motion, filed by Brian Klein, claims the indictment of Griffith doesn't "specify any alleged overt facts," and contains no actual allegation of fact.

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