8 minutes | Oct 26th 2020

Bitcoin News Roundup for Oct. 26, 2020

With BTC finally above $13K and at least some clarity from the IRS on crypto tax reporting, 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:

Number of Bitcoin 'Whale' Addresses at Highest Since Fall 2016

The number of investors with over 1,000 bitcoin has peaked to four-year highs amid the recent price rally. 

Bitcoin's Rivalry With Gold Plus Millennial Interest Gives It 'Considerable' Upside Potential: JPMorgan

A Friday note outlines institutional, corporate, and Millennial interest in the leading cryptocurrency.

Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS' Draft 2020 Guidance

The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.

Virgil Griffith's Attorney Files Motion to Dismiss Sanctions Charges

The motion, filed by Brian Klein, claims the indictment of Griffith doesn't "specify any alleged overt facts," and contains no actual allegation of fact.

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