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Bitcoin News Roundup for Dec. 17, 2020

With bitcoin surging to highs of $23K and Paxos raising a monster funding round, CoinDesk’s Market’s Daily is back with another crypto news roundup.

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With bitcoin surging to highs of $23K and Paxos raising a monster funding round, CoinDesk’s Market’s Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

Bitcoin surged to new record highs above $23,000 earlier on Thursday, before quickly falling back by over $1,500.

Paxos has raised $142 million to facilitate mainstream adoption. “We think that opportunity is now,” said CEO Charles Cascarilla.

Banks joined the crypto conversation as bitcoin marched to $20,000. Here's a list of recent crypto developments in the banking sector.

Litecoin hasn't been in three figures since its second mining reward halving in 2019.