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Latest from Sam Reynolds
First Mover Asia: Cryptos Rise, Even as Stocks Falter; Token2049 Conference Signals Singapore’s Resurgence as a Crypto Hub
More than 7,000 people representing over 2,000 companies are scheduled to attend; Hong Kong plays catch-up. Bitcoin trades over $19,00 again.
Interpol Issues Red Notice for Do Kwon: Report
Kwon maintains that he is not on the run but his location is unknown after Singapore authorities said he's not in the city-state.
First Mover Asia: Bitcoin Sticks Near $19K; the Most ‘Profitable’ Mining GPU Makes You Back Your Money in 3 Years
Ether and other major cryptos spend much of the weekend in the red to close a turbulent week.
Washington State Joins Celsius Bankruptcy Case as Interested Party
The state’s move continues a trend of state-level regulators moving faster than the feds on regulating crypto.
First Mover Asia: As the Fed Hikes Rates, Ether, USDC Lending Yield Pays Less Than T-Bills; Bitcoin Rises, Holds Over $19K
The average yield one can expect for lending USDC via DeFi protocols is 0.98%; the current one-year Treasury bond is paying 4.08%.
Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT
The order relates to a lawsuit that alleges unbacked USDT issuances have caused $1.4 trillion in damage to the market.
First Mover Asia: Bitcoin Flutters Around $19K; SEC Case Against Crypto Promoter Ian Balina Faces One Big Problem
Balina is charged with conducting an unregistered securities offering in 2018 for his SPRK ICO token, but proving that the Ethereum network should be subject to U.S. securities law will be difficult; cryptos largely decline.
Crypto Lender Voyager Digital Seeks to ‘Unwind’ $200M Loan to Alameda Research
Alameda, a firm run by FTX founder Sam Bankman-Fried, had said it is "happy to return" the loan to the firm that's now in bankruptcy.
First Mover Asia: Where in the World Is Do Kwon? Terra Co-Founder’s Absence Highlights the Complications of Extradition; Cryptos Climb Ahead of FOMC
Kwon, who is no longer in Singapore, says he is not "on the run," although Korean authorities have asked Interpol to issue a "red notice" requesting his arrest; Taiwan is an unlikely hideout.
South Korea Asks Interpol to Issue 'Red Notice' for Terra Co-Founder Do Kwon: Report
Authorities in Singapore confirm that Kwon is no longer in the city-state, while he maintains he’s not “on the run.”