Markets Daily Crypto Roundup

Bitcoin News Roundup for Oct. 21, 2020

With BTC's breakout and the latest on PayPal's big play, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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ABOUT

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With BTC's breakout and the latest on PayPal's big play, 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 Hits Two-Month High Above $12,300

Bitcoin's price clocked two-month highs above $12,370 on Wednesday. The options market expects a continued rally.

PayPal Granted New York's First 'Conditional BitLicense' to Offer Crypto Services

The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.

Central Bank of Bahamas Launches Landmark 'Sand Dollar' Digital Currency

The Bahamas has officially launched the world's first national digital currency, the sand dollar.

UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin

Mode said it's the first U.K.-listed firm to invest in bitcoin as part of its treasury management strategy.

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