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https://www.coindesk.com/markets/2023/03/07/first-mover-asia-filecoin-struggles-amid-china-exposure-cost-of-subsidy-concerns/
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First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns - CoinDesk
+ 26 more
3/7/23 at 1:11am
Organization
CoinDesk
Author
Sam Reynolds
Details
46 words
Summarize
Business & Industrial
Mover Asia: Filecoin Struggles Amid China Exposure
Investing
Subsidy Concerns
data safety
subsidy spend
China
$22.4K
Filecoin
A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend, means Filecoin needs more than a token rally to be sustainable; bitcoin holds steady at $22.4K.
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