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Latest from Sam Reynolds
First Mover Asia: All Eyes on Aptos; Cryptos Trade Down Even as Stocks Rise
Aptos is launching at a time when the only concerns about the price of gas involve petroleum, not the virtual metaphor; bitcoin held comfortably above its recent $19,000 support.
DappRadar Says Decentraland has 650 Daily Active Users
DappRadar now tracks 3,553 Decentraland smart contracts across Ethereum and Polygon.
FTX-, A16z-Backed Aptos Blockchain Is Off to a Sluggish Start
Transaction speeds and tokenomics disappoint on the first day of transactions for the ‘Solana killer’ chain run by ex-Meta employees. Can this protocol gain the trust of investors?
First Mover Asia: Macau’s Digital Currency Embrace Could Be a Nightmare for Its Casino Industry; Bitcoin Points Upward
The Special Administrative Region passed a bill that would create a legal framework for accepting digital currency, but would also allow China to monitor Chinese nationals visiting Macau; the largest cryptocurrency by market cap is trading above $19.5K.
First Mover Asia: A Pan-Asian Digital Currency? Good Luck Getting Rivals to Cooperate; Cryptos Hold Steady in Weekend Trading
Chinese researchers say such an initiative would increase monetary cooperation and reduce dependency on the U.S. dollar, but that probably isn’t what different countries want.
Mango Markets Community Counters Exploiter’s Settlement Offer
The initial offer appeared to have been rejected.
Binance Pool Starts $500 Million Fund to Support Bitcoin Mining
The entity is the latest to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry.
Digital Asset Bank Custodia Files Petition in US Court Over BNY Mellon's Crypto Approval
Custodia alleges the Kansas City Federal Reserve Board of Governors showed favoritism over approval delays, while giving BNY Mellon a green light to engage in crypto custody.
First Mover Asia: How Many Metaverse Users Are There? The Figures Are Debatable and Discouraging
Decentraland and Meta’s Horizon Worlds, among others, say they’re popular, but a deep dive into user data indicates they’ve yet to catch on; Bitcoin trades up slightly as inflation report nears.
Mango Markets Exploiter Provides Ultimatum: ‘Repay Bad Debt’
Hacker proposes to send back stolen MSOL, SOL and MNGO if Mango Markets promises to pay back bad debt using USDC available in its treasury.
