First Mover Asia: Bitcoin Settles In Below $29.5K as Appeal of Riskier Assets Lessens

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First Mover Asia: Bitcoin Settles In Below $29.5K as Appeal of Riskier Assets Lessens
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Good morning Asia, here's what's moving the markets today: 1. Bitcoin fell below $29.5K early Monday and largely remained there; ether also dipped. 2. CoinDesk's Consensus Magazine presented its projects to watch in 2023. JPRubin23 writes

Pew Research Center

, published in December, subjectively identified the 50 people who defined the year in crypto. A significant percentage of the list was feel-bad stories of scammers and hucksters and possible sociopaths who depleted customer’s savings. The list came out less than a month after the sudden and shocking collapse of FTX, capping off a year of scandals. Understandably in response, Congress, mainstream media and the public are ready to punish crypto.

The CoinDesk team set about to find projects that fulfill the ethos of crypto by solving a problem. In brainstorming sessions, we debated what problems crypto could be employed to solve, which quickly split into two baskets: problems within the crypto ecosystem itself, and problems in the world generally.

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