Crypto Update | The Tax Implications of the FTX Bankruptcy
With bitcoin hovering around its $16K support while other major cryptos drop more deeply, plus a look at what FTX losses mean for your taxes, CoinDesk’s “Markets Daily” is back with the latest news roundup.
ABOUT
Today's Stories:
First Mover Asia: Cryptos Dive Deep Into the Red
More Than 50% of Bitcoin Addresses Are Now in Loss
COMP | NASDAQ Composite Index Overview | MarketWatch
FTX Japan Preparing to Allow Withdrawals by Year-End: Report
FTX Owes Its Largest Creditor $226M; Top 50 Owed Total of About $3.1B
US Court Approves Deadline for Celsius Customers to File Proofs of Claim
Coinbase, MicroStrategy Bonds Tank as FTX Collapse Dents Institutional Confidence in Crypto
Crypto Lender Nexo Sued for Allegedly Blocking $126M Withdrawals: Report
Featured Story: The Tax Implications of the FTX Bankruptcy
This episode was edited & produced by Adrian Blust, with original music by Doc Blust and Colin Mealey.
HOSTS
Associate Producer for CoinDesk, Adrian 'Doc' Blust, is an experienced Composer, Musician/DJ, fintech nerd, and Educator, with practice both in the field and in the studio. He currently is dedicated to the editing & production of the Markets Daily Crypto News Roundups with Adam B. Levine, focused on quick news feeds to help people get up to speed with the fast pace of crypto every morning. He also offers support in the production of other shows on CoinDesk’s diverse Podcast Network.
He holds BTC, ETH, and ADA above CoinDesk's disclosure threshold of $1,000.

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.

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