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Bitcoin News Roundup for Oct. 16, 2020
With BTC dropping, OKEx halting withdrawals and Filecoin launching, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 10:10 a.m. Published Oct 16, 2020, 4:00 p.m. 1 min read
With BTC dropping, OKEx halting withdrawals and Filecoin launching, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
Today's stories:
Bitcoin Price Dips 3% on OKEx News, Analysts Aren't Too Worried
While market sentiment may remain temporarily weak after the OKEx news, a price crash looks unlikely.
OKEx Suspends Withdrawals, Says Key Holder Not Available Due to Cooperation With Investigation
Withdrawals are suspended as a key holder is "out of touch," preventing withdrawal authorizations.
Nigeria Is Developing Strategies for National Blockchain Adoption
Nigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale.
Filecoin Launch Finally Brings $200M ICO to Fruition
Filecoin, designed as a decentralized alternative to Amazon Web Services, is now live as of block height 148,888, or 14:44 UTC.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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The S&P 500 posted its longest weekly winning streak since 2023 and Brent oil stabilized near $92 on US-Iran ceasefire hopes. The biggest cryptocurrencies still drifted lower, with Hyperliquid's HYPE the only major name to rally.
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- U.S. stocks and oil rallied, with the S&P 500 logging a ninth straight weekly gain and Brent crude hovering near $92 a barrel on hopes for a U.S.-Iran ceasefire extension.
- Major cryptocurrencies lagged the macro rally, with bitcoin, ether and other large-cap tokens falling around 2% to 6% amid cooling...
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