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Bitcoin News Roundup for Oct. 19, 2020

With BTC transaction activity slowing and Filecoin miners striking, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 10:11 a.m. Published Oct 19, 2020, 4:00 p.m.
Markets Daily Front Page Adam Lyllah

With BTC transaction activity slowing and Filecoin miners striking, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

STORY CONTINUES BELOW
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This episode is sponsored by Crypto.comNexo.io and Elliptic.

Today's stories:


'Boring' Bitcoin Market Sends Miners' Fee Earnings to 3-Month Low

Bitcoin's transaction activity has cooled amid the recent lull in price action – and that's hurting miners' earnings.

Filecoin Miners Go On Strike One Day After Mainnet Launch, Prompting Early Reward Release

Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations.

The OKEx Drama Exposes a Weakness in Crypto Market Infrastructure

The OKEx drama shows just how immature crypto markets are compared to traditional ones, but it also highlights their overall resilience.

First Users Not So Impressed by China's Digital Yuan: Report

A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should change from existing solutions like Alipay.

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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Bank of Japan Set to Hike Rates to 30-Year High, Posing Another Threat to Bitcoin

Osaka castle (Wikepedia)

Rising Japanese rates and a stronger yen threaten carry trades and could pressure crypto markets despite easing U.S. policy.

What to know:

  • According to the Nikkei, the Bank of Japan (BoJ) is set to increase interest rates to 75bps, the highest level in 30 years.
  • Rising Japanese funding costs, alongside falling U.S rates, could force leveraged funds to reduce carry trade exposure, increasing downside risk for bitcoin.