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Crypto News Roundup for January 17th, 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.

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Today's Crypto Roundup:

  • Bitcoin gaining today after two straight days of declines, up 1.3 percent to around $8800
  • The Block reports that 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% in 2018.
  • 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 U.S. congress
  • Some investors at a crypto conference this week in Switzerland say that the U.S. may be entering a new cold war with China - over the future of money
  • Back in North America, The Block reports that 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 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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We'll be back on Tuesday with the next Markets Daily from CoinDesk