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Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
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Crypto News Roundup for Jan. 17, 2020

Join CoinDesk Podcast Editor Adam B. Levine and Senior Markets Reporter Brad Keoun for a daily, time saving rundown of top news impacting crypto markets today.

By Adam B. Levine, Bradley Keoun
AccessTimeIconJan 17, 2020 at 5:15 p.m. UTC
Updated Dec 10, 2022 at 1:32 p.m. UTC
Markets Daily
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Today's news:

  • Bitcoin gaining today after two straight days of declines, up 1.3 percent to around $8,800.
  • The Block reports Grayscale Investments, a unit of Digital Currency Group, which is the owner of CoinDesk, raised more than $600 million from investors last year. And that’s up from 66 percent in  2018https://grayscale.co/insights/grayscale-2018-digital-asset-investment-report/.
  • The Libra Association, working under the auspices of Facebook to create a digital currency, has designated the leadership of a committee that will coordinate the token’s proposed design.
  • And crypto tax legislation is getting a new life in the U.S. Congress.
  • Some investors at a crypto conference this week in Switzerland say the U.S. may be entering a new cold war with China - over the future of money.
  • Back in North America, The Block reports most Canadian crypto exchanges will likely fall under the country’s securities laws following new guidance published Thursday.
  • And just a day after reports emerged that the Malta-based crypto exchange Binance will soon restrict access to Japanese residents, the exchange now says it’s eyeing the launch of a new trading platform for the Asian market.
  • Patrick McDonnell, 47, was sentenced to 33 months in prison on Thursday and ordered to pay $224,352 to victims, according to the U.S. Attorney's Office for the Eastern District of New York.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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