Cryptocurrency Analysis and News Portal
ALSO: Sam Reynolds writes that the surge of FTX’s FTT Token is part of a trend in which investors send prices of certain tokens higher even as their projects fail or flounder. Original Source
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Huobi’s disgruntled employees According to local media reports, cryptocurrency exchange Huobi Global has terminated all year-end employee bonuses and benefits, as well as axed its entire
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First Mover Asia: The Next Avraham Eisenberg Isn’t Going to Be a ChatGPT Powered ‘Script Kiddie’ Original Source
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Since mid-December, bitcoin had failed to finish a trading day (universal coordinated time or UTC basis) over $17,000, and now analysts wonder if the largest cryptocurrency has formed a market bottom after a horrendous 2022. Original Source
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Bitcoin and ether, the two largest cryptocurrencies by market volume, held steady within the narrow ranges they've occupied since mid December. Source
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ALSO: Japanese gaming company Square Enix’s commitment to invest in Web3 initiatives is rare in a country, whose regulations about anything that seems like gambling are daunting; bitcoin rises. Source
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The largest crypto by market capitalization dropped below $16.5K at one point on Wednesday. ALSO: CoinDesk research analyst George Kaloudis ranks his top five industry annoyances, and FTX tops the list. Original Source
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Plus: Glenn Ardi of Coindesk Indonesia writes about Indonesia's vision of government permitting and controlling Web3 and DeFi by providing a government-sanctioned payment layer. Original Source
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Plus: Sam Reynolds questions the logic of calls to ban crypto, arguing that it has little chance of causing problems in traditional finance. Original Source
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First Mover Asia: BitDAO’s $100M Token Buyback Plan Gets Mixed Reviews Source
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