Latest from Sam Reynolds
First Mover Asia: BitMEX Saga Concludes, but We'll Never Know if DOJ Overreached; Cryptos Tumble as Russia Bores Into Ukraine
The guilty plea of the founders of the crypto trading platform with main offices in Hong Kong and Singapore avoided a trial; bitcoin dropped below $37,500 on Sunday after Russian President Vladimir Putin placed his nuclear forces on alert.
Celsius Links Up With Maple Finance for Liquidity Play
Crypto lending platform Celsius will get exposure to yield from market makers Wintermute and Amber by delegating $30 million of wETH to Maple’s pools.
Bitcoin Crashes 9% as Missiles Strike Kyiv, Airport Captured
The world's largest cryptocurrency by market value was trading about $34,725 at time of writing after passing $39,000 on Tuesday. Markets in Asia are also down during trading day as the scale of war expands.
First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump
The eCNY and other CBDCs are digital versions of cash issued by a central bank, unlike bitcoin which has no single issuing authority; bitcoin surpassed $39,000 on Tuesday before dropping into the red.
StarkWare Launches Layer 2 Product StarkNet on Ethereum
StarkNet uses zero knowledge rollups to squash Ethereum’s crushing transaction costs.
Fast Break Labs Raises $$6M in Seed Funding Round
The Web 3 startup founded by two ex-Meta Platforms employees is developing a blockchain-based fantasy basketball game.
First Mover Asia: GameFi's Shaky Prospects; Bitcoin, Ether Inch Higher
Strict regulations on gaming in China and South Korea, among other countries, are likely to reduce the market for GameFi in the Asia-region; bitcoin, ether and most major altcoins rose slightly during U.S. trading hours.
'Frozen' Bitcoin Tied to Canadian Protests Lands at Coinbase, Crypto.Com
The situation shows the limitations of a government’s ability to thwart transactions on decentralized systems – but also the limitations of those systems to circumvent such sanctions.
Regulator in Canada Warns Crypto Exchanges Not to Promote Self-Custodial Wallets: Report
The Ontario Securities Commission sent tweets from Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell to the Canadian police.
Amber Group Raises $200M in Temasek-Led Round at $3B Valuation
The Singapore-based liquidity provider and trading infrastructure firm's valuation has tripled in less than a year.
