Markets Daily Crypto Roundup

Bitcoin News Roundup for Oct. 27, 2020

With BTC headed headed towards multi-year highs and a crypto launch from mainstream financial firm JPMorgan, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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ABOUT

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With BTC headed headed towards multi-year highs and a crypto launch from mainstream financial firm JPMorgan, 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 Hits 15-Month High Despite Sell-Off in Global Stocks

Bitcoin's (BTC) price has climbed to 15-month highs even as coronavirus-induced instability rocks the stock markets.

Harvest Finance: $24M Attack Triggers $570M 'Bank Run' in Latest DeFi Exploit

Harvest Finance has seen its total value locked drop by more than $500 million in the 12 hours since being hit by a flash loan attack.

PayPal's Crypto Offering May Mean a Bigger Tax 'Headache'

PayPal opening its network to cryptocurrencies could create a serious tax headache for users.

JPMorgan's 'JPM Coin' Is Live, Execs Say

A major tech firm is about to start using JPM Coin in global payments, as the investment bank doubles down on its blockchain business.

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