Sam Reynolds

Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

Sam Reynolds

Latest from Sam Reynolds


Markets

First Mover Asia: Does Tesla Really Believe in Bitcoin?; Altcoins Rise in Thursday Trading

The electric car maker became a proxy for investors looking to take a position in the cryptocurrency without buying it directly, but its recent jettisoning of $936 million of BTC suggests the company wasn’t all that committed to the asset.

Tesla sold over $900 million in bitcoin during its second quarter. (Blomst/Pixabay)

Markets

First Mover Asia: Dissecting Three Arrows Capital's Fall; Ethereum Merge Spurs Continued Market Gains

Thanks to the transparency of court documents, the public knows how much the beleaguered crypto hedge fund owes different creditors; ether has risen about 50% over the past week.

Road directional arrows (The Image Bank RF/Getty Images)

Finance

Crypto Trading Firm TPS Capital Denied Ties to Insolvent Three Arrows. Court Documents Indicate a Connection

TPS Capital claims that it's independent of Three Arrows, but legal disclosures as part of bankruptcy proceedings show a web of transactions and familiar faces between the two firms.

Cayman Islands (Creative Commons)

Markets

First Mover Asia: BTC Spikes Over $22.8K; DappRadar’s Complicated Valuation Model and the Difficulties of Assessing NFTs

Bitcoin and major altcoins continued their late weekend rally; NFTs are an asset class where value has yet to be clearly defined.

Bitcoin is up more than 10% over the the past week. (jayk7/Getty Images)

Markets

First Mover Asia: Bitcoin Dips Below $21K; Why the Current Bear Market Differs From 2018

The largest cryptocurrency had hovered well above the psychologically important threshold for the previous four days.

The current crypto bear market continues. (mana5280/Unsplash)

Finance

Three Arrows Liquidators Ask Singapore Court to Recognize Company's BVI Bankruptcy: Straits Times

Three Arrows’ liquidators are working to get Singapore courts to recognize the British Virgin Islands liquidation order against it, in order to preserve the company's Singapore assets.

Singapore Skyline (Swapnil Bapat/Unsplash)

Markets

First Mover Asia: It Won't Be Easy for Creditors to Untangle Three Arrows Case, Singapore Lawyer Says

The fallout continues from the crypto industry's slump, with fresh filings from Celsius, layoffs at OpenSea and a short squeeze in Voyager's tokens. PLUS: We talked to a Singapore-based lawyer about the Gordian knot that is the Three Arrows bankruptcy case.

It might be a delicate business untangling the Three Arrows case. (Pixabay)

Markets

First Mover Asia: There's No Universally Accepted Way to Value Three Arrows' NFTs

CoinDesk's Sam Reynolds examines alternate methodologies for valuing the beleaguered crypto hedge fund's NFT collection. Bitcoin slides for a straight fifth day, and doubts are forming over whether the market has hit a bottom.

Starry Night is the name of Three Arrows Capital's NFT collection. (Unsplash)

Finance

Three Arrows Founder Says Attempt to Work With Liquidators Met With 'Baiting'

In a first tweet since the crypto hedge fund imploded, Three Arrows co-founder Su Zhu posted screenshots from legal counsel saying the fund's principals are willing to work with liquidators.

Su Zhu of Three Arrows Capital (CoinDesk)

Markets

First Mover Asia: Does Anyone Care Anymore if Bitcoin Dips Below $20K?

The more blasé crypto analysts become about a bitcoin price in the $10,000s, the more it seems like the bottom is in. Plus: The euro on Monday approached parity with the U.S. dollar.

Bitcoin's price action over the past 24 hours. (CoinDesk)