Sam Reynolds is a senior reporter based in Taipei. 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.
Obfuscation of the money trail isn’t necessarily money laundering, according to the expert, but it still makes the protocol worthy of being treated with suspicion.
Even if a country doesn’t agree with the fundamentals of bitcoin, it will be forced to acquire some as a form of insurance, Fidelity wrote in a recent report.
The Singapore-based crypto fund wrote in a Telegram note that the newfound strength of the crypto options market prevented bitcoin from bottoming out below $40,000.