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: Singapore Wants More Control Over Crypto Companies That Call It Home but Aren’t There; Major Cryptos Drop

Many crypto companies, especially those with roots in Asia, choose to register their companies in Singapore, but the city-state has grown uncomfortable with the scale of this arrangement; bitcoin and ether fall.

Singapore skyline (Unsplash)

Markets

First Mover Asia: Crypto Offering New Opportunities for Inflation-Worried Indonesian Investors; Bitcoin Is Flat

A report by the crypto exchange Gemini found that about two in five Indonesians own cryptocurrencies; ether also held its ground.

Jakarta, Indonesia

Markets

First Mover Asia: DBS Bank's Ditching Retail Exchange Delivers a Small Blow to OSL, Less so to Singapore's Crypto Industry; Bitcoin Rises Late Sunday

Even after the news broke, the stock of OSL's parent, BC Technology Group, continued its week-long winning streak on the Hong Kong markets, rising 5%; bitcoin and ether are up.

CoinDesk placeholder image

Markets

Bitcoin Ends Q1 Closely Following S&P 500

Data from TradingView shows a correlation between bitcoin and the S&P 500 as bitcoin drops below $45,000.

Bitcoin vs. S&P 500 TradingView)

Markets

First Mover Asia: India Continues Its Restrictive Approach to Crypto; Bitcoin, Ether Run in Place

The Indian tax authority's recent revision of what was seized in taxes and penalties from crypto exchanges reflects the government's harsh stance toward digital assets; Solana has a banner day.

India Parliament building (Unsplash)

Finance

Money Market Platform Burrow Raises $5M to Launch on NEAR

Burrow is a non-custodial liquidity pool platform similar to Aave and Compound.

Printing U.S. Dollar Bills (Getty Images/iStockphoto)

Markets

First Mover Asia: BC Technology Group’s Crypto Platform Made Big Gains in 2021. So Why Are Investors Unimpressed?

OSL, which accounts for most of the Hong Kong company’s business, rose 63% in 2021, but the stock price has lagged bitcoin and other assets; bitcoin and ether tread water.

Hong Kong.

Markets

First Mover Asia: Why Japan, China and Other Regional Powers Still Put Their Faith in T-Bills, Gold; Cryptos Climb Higher

Some observers viewed bitcoin as ushering in a new era of financial sovereignty amid growing uncertainty about long-term U.S. economic dominance globally, but many countries are still investing in gold and U.S. Treasury bills.

Gold bars (Bright Stars/Getty Images)

Markets

Bitcoin Hits Breakeven for First Time This Year, Blows Past $47,201 Before Settling Back

The largest cryptocurrency by market capitalization has risen for six consecutive days and gained over 12% since last Sunday upon a broader asset rally and Luna BTC buys.

BTC increase since March 20 (CoinDesk)

Markets

First Mover Asia: Crypto Concerns Weigh on Taiwan PC Component Makers' Stocks; Bitcoin Springs to 3-Month High

Share prices of Asus, Gigabyte and MSI have fallen amid a massive drop in pricing for graphics cards as Ethereum's transition to a proof-of-stake protocol nears; ether and other cryptos gain.

Taipei (Unsplash)