Altcoin for Dummies

NFT-focused Fund Finds Parallels to Traditional Venture Investing

NFT-focused Fund Finds Parallels to Traditional Venture Investing

Spencer Ventures, a crypto fund focused solely on NFTs, has decided to come out of stealth mode after receiving a $4 million check from a family office with $10 billion in assets under management. Blockworks spoke to the founder and fund manager, Spencer Gordon-Sand, about what it takes to raise a fund aimed at institutional …

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Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn

Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn

QUICK TAKE GBTC is trading at a discount of -35.26% as of Friday. The latest low comes four months after its previous all-time low of 34%. Grayscale is in the process of suing the SEC after its application to convert to a spot bitcoin ETF was rejected in June. The Grayscale Bitcoin Trust (GBTC), which …

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ENS: Why there’s more to the story than a hike in .eth domain name registrations

ENS: Why there’s more to the story than a hike in .eth domain name registrations

According to Dune Analytics, Ethereum Name Service (ENS) has recorded a spike in registrations so far this month. Here, it’s worth pointing out that this uptick comes on the back of tremendous growth logged across the month of August.   The reasons behind the same are not far-fetched by any means though. Since ENS domain name purchases are …

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Will These Solana [Sol] Updates Finally Be Enough To Push The Price

Will these Solana [SOL] updates finally be enough to push the price

At the time of writing, Solana’s (SOL) seven-day performance was pretty sluggish as it failed to register any promising gains. Though the prevailing crypto-market is a factor behind this performance, there might be other reasons as well. Nonetheless, there have been several positive developments in the Solana ecosystem that have the potential to change SOL’s fate. …

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Crypto License Bill Vetoed by California Governor Gavin Newsom in Win for Industry

Crypto License Bill Vetoed by California Governor Gavin Newsom in Win for Industry

The crypto industry has scored a win with California Governor Gavin Newsom vetoing a bill that would establish a licensing and regulatory framework for digital assets. Dubbed Assembly Bill 2269, the bill aimed to create a licensing regime for anyone hoping to facilitate crypto transactions, topping the existing regulatory hurdles that players in the crypto ecosystem …

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Step Aside STEPN, There’s a New Move2Earn APP That Requires SWEAT

Step Aside STEPN, There’s a New Move2Earn APP That Requires SWEAT

The crypto space is fraught with several opportunities to reward individuals for participation. In less than two weeks after its launch, SWEAT is focused on becoming the new king in the move-to-earn niche, taking the crown from STEPN. The free move2earn blockchain platform started as a web2app in 2016, rewarding every user with one Sweatcoin for every 1000 …

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Shiba Inu (SHIB) Moving Back to Important Price Range: Here’s What’s Next

Shiba Inu (SHIB) Moving Back to Important Price Range: Here’s What’s Next

Contents Getting closer to 50 EMA Volume still fading Despite the problematic price performance of SHIB we saw recently, the famous memetoken is now moving upwards against the assumptions most analysts made about the dog-themed cryptocurrency. Getting closer to 50 EMA The exponential 50-day moving average is an important price level that needs to be …

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Polkadot Now Allows Tether (USDT) to Be Minted on Its Blockchain

Polkadot Now Allows Tether (USDT) to Be Minted on Its Blockchain

Tether, the company operating blockchain-enabled platform Tether.to that powers the largest stablecoin by market capitalization and the third largest cryptocurrency, announced today the launch of Tether (USDT) on Polkadot. The launch would allow Tether to move in and out of the Polkadot network. Dan Reecer, chief growth officer at Acala Network, tweeted on the development: …

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CoinFLEX Invites Creditors to Take the Biggest Part of Them

CoinFLEX Invites Creditors to Take the Biggest Part of Them

CoinFLEX has proposed a restructuring plan that would see creditors own 65% of the company. The plan, which faces a vote next week, would result in series A shareholders losing their stake in the company. Series B holders would do rather better, retaining their stake in the company as well as future equity. The company …

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Algorand Price Prediction: Up 10% to $0.35, Can ALGO Get Back Above $1.00?

ALGO, the native token for the Algorand blockchain, has marked significant gains over the past few days, despite the bearish crypto market trend. Are these gains merely a consolidation before a further downward push, or could ALGO be ready for a massive bull run? ALGO Price Action Over the past week, cryptos have experienced significant …

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