Day: September 26, 2022

Grayscale’s GBTC Discount to NAV Breaks Records as Spread Widens by More Than 35% – Bitcoin News

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Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days. GBTC Discount to NAV Widens by 35% — Fund Reaches an All-Time Low Against BTC Spot Price The Grayscale Bitcoin Trust (OTCMKTS: GBTC) is the oldest, and one of the most popular, bitcoin (BTC) funds on the market today. However, in recent times GBTC has been suffering from a discount…

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How to Learn About Web3

Blockchain, and especially its application as cryptocurrency, is a fascinating example of something I can relate to: ordinary people practicing autodidactism. Most people who mine or buy or makes a purchase with crypto had to learn about crypto on their own. What was that first pizza purchase, anyway, but a test of a theory found in a white paper? Source

Reddit Avatar NFTs are witnessing volatile price tags

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According to a new analysis posted by Reddit user u/Warfared, Reddit Avatar nonfungible tokens, or NFTs, have seen erratic price performance in the past months. The analysis tracked the exchange of NFTs on the popular NFT trading platform OpenSea.io.  Among the top performers were the Fishy Foustling #1 and Mio Armor #1 NFT pieces, boasting a last sale price of 6 Ether (ETH) and 5 ETH, respectively. The NFTs were airdropped to qualified users three months prior who had high amounts of karma points on the namesake social platform. Taken…

What A Drop In This Key Area Can Mean For DOT?

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OK Polkadot (DOT) – which is seen to be on a winning streak in terms of social media metrics and development activity  – has been on a retreat recently. DOT social media metrics nosedives  Polkadot’s decline in developer activity could leave a bad taste in the mouth of investors DOT’s NFT volume off to as high as 1.64 million on September 24  Is this sudden drop in both metrics just a temporary hiccup or could be a warning signal to investors? Judging by the chart below, DOT price was seen…