Latest from Sam Reynolds
DBS Will Focus on Institutional Crypto Before Looking at Retail Trading Desk
CEO Piyush Gupta said that institutional and accredited crypto clients are the focus for now without entirely ruling out a retail crypto platform
US Labor Department Has ‘Grave Concerns’ About Fidelity’s Plan for Bitcoin in 401(k) Retirement Plans, Wall Street Journal Reports
The Labor Department is scheduled to meet with Fidelity to express concerns.
First Mover Asia: Hong Kong Isn’t Sure if It Needs a CBDC
The issues that have prompted other countries to explore a central bank digital currency don’t exist to the same extent in Hong Kong; bitcoin continues its mini-upswing.
First Mover Asia: Spot Bitcoin ETFs Are Launching in Australia but Elsewhere They Face Brutal Fund Outflows
Australia follows a lengthy list of spot bitcoin issuances in Europe and Canada, but these products come at a challenging time for crypto; bitcoin and ether drop.
First Mover Asia: Slow Start to the Week for Crypto as China Lockdowns Drag on Stocks, S&P 500
Major equity markets in Asia have declined significantly in recent months, and bitcoin has followed a similar pattern.
First Mover Asia: The Metaverse Is Subject to Earth’s Boring Old Rules
GameFi adoption has been hitting obstacles worldwide, including in China and South Korea, because of laws about converting in-game tokens to currency.
OpenSea Suspends Trading of Sand Vegas Casino Club NFTs
Gambling Apes NFTs promised a cut of the profits from casinos built on metaverse platforms and Web 2.
First Mover Asia: A Year After Coinbase's IPO, Most Listed Crypto Firms Are Under Water Compared With Bitcoin's Performance; BTC Retreats From $42K
Fed Chair Jerome Powell suggested a series of interest-rate increases that might be higher than the usual 0.25 percentage point.
Tower 26 Venture Fund Raises $50M for VR Games, Metaverse: Report
The fund is led by a veteran game investor, and former studio executive Jon Goldman.
First Mover Asia: Bitcoin 'Minnows' Are Punching Above Their Weight Class; BTC Holds Around $41,500, APE Surges on Rumors
Indecisiveness ruled markets Wednesday as bitcoin flipped between gains and losses on the day.
