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Bitcoin News Roundup for Oct. 16, 2020

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With BTC dropping, OKEx halting withdrawals and Filecoin launching, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

While market sentiment may remain temporarily weak after the OKEx news, a price crash looks unlikely.  

Withdrawals are suspended as a key holder is “out of touch,” preventing withdrawal authorizations.

Nigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale.

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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