7 minutes | Oct 16th 2020

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!

This episode is sponsored by Crypto.comNexo.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.

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