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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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Why Going Long on the Bitcoin Price is a Better Bet Than Holding the British Pound Right now

Why Going Long on the Bitcoin Price is a Better Bet Than Holding the British Pound Right now

Being long on the bitcoin price is a sounder strategy today than being long on the British Pound as the currency touches historic lows against the US dollar. Unfortunately for Brits, this is not a trading decision because if you get paid in GBP you are long sterling. Should Brits get paid in BTC? Bitcoin price outlook …

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What is scalping in crypto, and how does scalp trading work?

Scalping focuses on making money off of slight price swings. Crypto scalpers use this method to reap quick gains from reselling assets. HOW TO CRYPTO   Although cryptocurrencies are known for their volatility, they give traders various opportunities to pocket and reinvest the gains. Scalp trading is a crypto strategy that helps scalpers to take risks …

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California Governor Vetoes Bill to Establish Licensing Framework for Crypto Companies

California Governor Vetoes Bill to Establish Licensing Framework for Crypto Companies

The Governor of California, Gavin Newsom, has vetoed a proposed bill that seeks to create license requirements for crypto companies in the state. The bill sponsored by Democrat Assemblyman Tim Grayson was passed by the state assembly and senate last month. The Digital Financial Assets Law will create a much-needed framework for the crypto space. In his letter to the California …

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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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Ethereum Sees 98% Decrease in ETH Issuance Since Merge

Ethereum Sees 98% Decrease in ETH Issuance Since Merge

The number of Ethereum being issued daily has drastically been cut since the Merge, on-chain data show, suggesting that the asset is on its way to becoming deflationary. According to data from Ultra Sound Money, Ethereum’s issuance rate has fallen by 98% since the Merge. Since its transition, the network’s supply has grown by 7,385.47 ETH, whereas if it were …

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Bitcoin risks worst weekly close since 2020 as BTC price dices with $19K

There’s little to smile about for Bitcoin bulls as the weekly candle nears completion at nearly the same place as two years ago. Bitcoin (BTC) headed for its lowest weekly close since 2020 on Sep. 25 as a week of macro turmoil took its toll. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader prepares for …

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Cardano Creator Charles Hoskinson Names Catalyst That He Believes Could End Crypto Downturn and Trigger ‘Mega Bull Market’

Cardano Creator Charles Hoskinson Names Catalyst That He Believes Could End Crypto Downturn and Trigger ‘Mega Bull Market’

The creator of Ethereum (ETH) challenger Cardano (ADA) says that he’s identified the catalyst that would end the crypto winter and spark a massive industry-wide rally. In a new interview with Cheeky Crypto, Charles Hoskinson, creator of the smart contract platform, says that if the US government were to pass the Financial Innovation Act, the crypto markets …

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Shiba Inu adds over 35,000 holders in 3 months despite poor SHIB price performance

Shiba Inu adds over 35,000 holders in 3 months despite poor SHIB price performance

The ongoing crypto market volatility has significantly impacted meme coins like Shiba Inu (SHIB), which recorded unprecedented growth in 2021. Despite the depressed markets, a section of SHIB investors are potentially betting on the asset to rally by increasingly accumulating the coin ignoring the current market conditions. In particular, as of September 23, SHIB had 1,226,030 holding …

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