With BTC's breakout and the latest on PayPal's big play, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

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

Today's stories:

Bitcoin Price Hits Two-Month High Above $12,300 

Bitcoin's price clocked two-month highs above $12,370 on Wednesday. The options market expects a continued rally. 

PayPal Granted New York's First 'Conditional BitLicense' to Offer Crypto Services 

The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.

Central Bank of Bahamas Launches Landmark 'Sand Dollar' Digital Currency  

The Bahamas has officially launched the world's first national digital currency, the sand dollar.

UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin 

Mode said it's the first U.K. listed firm to invest in bitcoin as part of its treasury management strategy.