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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.
With BTC dropping, OKEx halting withdrawals and Filecoin launching, 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 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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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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Strategy Pushes Back on MSCI’s Digital Asset Exclusion Proposal
Michale Saylor and team urged MSCI to maintain neutral index standards after a plan to exclude firms with significant digital asset holdings.
What to know:
- Strategy has submitted a formal letter to MSCI opposing its proposal to exclude companies with large digital asset holdings from global equity indices.
- Strategy argues DATs are operating companies, not investment funds, and should remain eligible for benchmark inclusion.
- The firm warns that the proposed 50% digital asset threshold is arbitrary, unworkable and risks harming innovation and U.S. competitiveness.
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