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Bitcoin News Roundup for Oct. 12, 2020
With BTC back above $11K and China giving away its new digital currency, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 10:08 a.m. Published Oct 12, 2020, 4:00 p.m.
With BTC back above $11K and China giving away its new digital currency, 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.com, Nexo.io and Elliptic.
Today's stories:
Bitcoin Down 1% After Biggest Weekly Price Gain Since July
Despite a dip today, bitcoin has crossed into bullish territory with the biggest weekly gain since July.
BitMEX Exchange Hires Compliance Chief After US Charges
BitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities for offering illegal trading services, has hired a compliance veteran.
Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report
The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency.
Spate of Bitcoin Extortion Bomb Threats Hit Government, Schools in Japan
The extortionists demand a payment in bitcoin to avoid the detonation of an explosive device, per a report.
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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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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Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
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