Altcoins


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First Mover Asia: Mark Karpeles’ UnGox Wants to Help Investors Assess the Risks of Crypto Products; Bitcoin Drops Below $40K

The CEO of the infamous Mt. Gox crypto exchange is re-entering the industry with a rating service. But is he in touch with the latest developments?; ether also falls.

Former Mt. Gox CEO Mark Karpeles (CoinDesk screenshot from conference livestream)

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Market Wrap: Bitcoin Sell-Off Deepens as Correlation With Stocks Rises

BTC is down 40% from its November peak, compared with a 16% drop in the Nasdaq 100 over the same period.

A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)

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First Mover Asia: What’s in HSBC’s Metaverse Fund for Hong Kong, Singapore Private Banking Clients?; Bitcoin Declines

The financial services giant has been short on specifics, and the mystery underscores the difficulties in defining what belongs in such products; ether also falls.

Hong Kong skyline (Gary Yeowell/Getty Images)

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Market Wrap: Cryptos Waver as Speculators Lose Interest

Open interest in the BTC futures market is starting to decline.

(Jérôme Prax/Unsplash)

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First Mover Asia: Bitcoin Set to Close Week Underperforming Major Japan, China Stocks

Investors in the region were more risk-averse this week amid fresh evidence of the U.S. central bank's commitment to hawkish monetary policy and an unsettled macroeconomic environment; cryptos were mixed.

Hong Kong's Exchange Square, home of the Hong Kong Exchange (See-ming Lee/Flickr)

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Market Wrap: Cryptos Recover, With Altcoins in the Lead

BTC was roughly flat over the past 24 hours, compared with a 6% jump in WAVES and a 3% rise in AAVE.

Cryptos reverse course (cdd20, Unsplash)

Video

How Will Quantitative Tightening Impact Crypto?

Martin Leinweber of MV Index Solutions discusses the current state of the crypto markets as the Federal Reserve prepares for quantitative tightening. Plus, a conversation about altcoins and Treasury Secretary Janet Yellen’s upcoming speech on digital assets.

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First Mover Asia: South Korea's 'Kimchi Premium' Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty

The gap between bitcoin prices on Korean crypto exchanges and global counterparts has declined from 20% to about 3% over the past year; bitcoin and ether tumbled.

The so-called kimchi premium has evaporated. (Shutterstock)

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Market Wrap: Altcoins Underperform as Traders Reduce Risk

BTC and stocks traded lower after Federal Reserve minutes signaled aggressive monetary tightening could be coming.

Bitcoin daily price chart (CoinDesk)

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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)