Altcoin News

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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Japan’s Crypto Regulator Warns Exchanges’ Self-Regulating Body, Criticizes Management

Japan’s Crypto Regulator Warns Exchanges’ Self-Regulating Body, Criticizes Management

The Financial Services Agency (FSA), Japan’s crypto market regulator, has issued a renewed warning to the Japan Virtual Currency Exchange Association (JVCEA), the country’s crypto exchanges self-regulatory body, about the October full-scale implementation of FATF travel rules for crypto. Local news outlet CoinPost reports that the FSA also criticized the management of the JVCEA. In particular, the …

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Bitcoin’s Anemic Performance Is Good Thing, Analyst Claims

Bitcoin’s Anemic Performance Is Good Thing, Analyst Claims

Edward Moya, market analyst at broker Oanda, recently told Barron’s that Bitcoin’s anemic performance suggests that the cryptocurrency’s long-term holders remain unfazed by the ongoing market turbulence. Oanda argues that the crypto king, which is known for its high volatility, is supposed to significantly underperform the equities market. For instance, when the stock market is …

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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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Benjamin Cowen: ‘Regulatory Concerns for the Altcoin Market’ Could Make Alts ‘Go Down a Lot’

Benjamin Cowen: ‘Regulatory Concerns for the Altcoin Market’ Could Make Alts ‘Go Down a Lot’

Recently, crypto analyst Dr. Benjamin Cowen, who is the Founder and CEO of Into The Cryptoverse (ITC), expressed his concerns about the expected upcoming regulatory crackdown on crypto in the U.S. Cowen’s comments were made on September 16 during an interview on YouTube series “Digital Asset News”. According to a report by The Daily Hodl, he said: “I do …

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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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How Long Will U.S. Dollar Index (DXY) Continue to Rise?

How Long Will U.S. Dollar Index (DXY) Continue to Rise?

The US Dollar Index (DXY) continues its parabolic rise. While it increased by 3% this week, commentators are asking when and at what level the dominance of the US currency will end. The strong dollar translates into a weak performance of other global currencies, traditional markets, and cryptocurrencies. The Federal Reserve (Fed) continues its policy …

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IRS Can Now Hunt Down America’s Crypto Tax Evaders After Landmark Ruling

IRS Can Now Hunt Down America’s Crypto Tax Evaders After Landmark Ruling

The Internal Revenue Service (IRS) has received authorization from a U.S. district judge to sniff out individuals who attempt to sidestep taxes on their cryptocurrency transactions. The order comes at a time when digital asset adoption is seeing a surge, and the number of crypto tax evaders is subsequently increasing. A press release from the United States …

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