Muyao Shen

Reporter

Muyao was a markets reporter at CoinDesk based in Brooklyn, New York. She interned at CoinDesk in 2018 after the initial coin offering (ICO) craze before she moved to Euromoney Institutional Investor, one of Europe's largest business and financial information companies. She graduated from Columbia University Graduate School of Journalism with a focus in business journalism.

Latest from Muyao Shen

Markets

Psychology, Sell Pressures Keep Bitcoin Below $20K

Psychology and selling pressures have kept bitcoin's price below $20,000.

Dec 4, 2020

Why hasn't bitcoin's price passed $20,000? Some may find this frustrating.

Markets

First Mover: Bitcoin Below $19K and Customers Flee OKEx

OKEx appears to suffer customer outflows after lifting of five-week withdrawal suspension, highlighting the existential threat of operational risk.

Dec 4, 2020

Customers appear to be fleeing the crypto exchange OKEx after the lifting of a five-week withdrawal suspension.

Markets

OKEx’s Trading Volumes and Tether Reserve Plunge on Possible User Exodus

A sharp drop in OKEx’s trading volume and stablecoin reserves – tether in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks.

Dec 3, 2020

Will the exodus of users from OKEx continue?

Markets

First Mover: Ether Eyed as Value Play With Bitcoin Pressing $20K

As prices consolidate below $20K, traders cue off macroeconomic factors - like Biden remark that $908B stimulus would be "down payment."

Dec 3, 2020

This one or that one? Investors weigh value proposition of Ethereum's ether as bitcoin pushes to new high.

Markets

Why Ethereum and Bitcoin Are Very Different Investments

Analysts are warning crypto newcomers that ether shouldn't be considered merely as a second-best crypto investment after bitcoin.

Dec 2, 2020

Markets

Bitcoin's All-Time High Price Rally Is Sustainable. Analysts Explain Why

After bitcoin's price hit its previous all-time high in 2017, it fell. Analysts explain why the latest rally will be different.

Nov 30, 2020

Analysts are convinced the latest bitcoin rally will live long and prosper.

Markets

Despite New Incentives to Stay, Some of OKEx’s Chinese Users Are Determined to Leave

Some OKEx's users in China are determined to leave the exchange despite new incentives designed to keep them.

Nov 25, 2020

Markets

OKEx to Resume Withdrawals Before Nov. 27, Offers New Compensation Programs

OKEx will compensate those users who have been frustrated by its suspension of withdrawal service.

Nov 24, 2020

OKEx will launch new compensation and reward programs to keep those users who intend to leave the exchange after the withdrawal service resumes.

Markets

Bitcoin Breaks $19K, New All-Time High Seems Imminent

Bitcoin, the world's No. 1 cryptocurrency by market capitalization, has breached the $19,000 level.

Nov 24, 2020

Bitcoin's price is fast approaching its all-time high of 2017.

Markets

OKEx’s Withdrawal Suspension Isn’t Behind Bitcoin’s Rally: Analysts

Bitcoin’s price has been up dramatically since OKEx's crypto withdrawal service suspension, yet it's not behind the price rally.

Nov 23, 2020

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