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The risks and benefits of VCs for crypto communities

Traditional venture capital funds drive valuations through multiple funding rounds. Startups aim for initial public offerings or other exits. Then the sharemarket decides upon a more realistic valuation. 

But in cryptoland, tokens introduce market capitalization while a company is being built.

This means there are a lot of competing interests and agendas. Token sales for Web3 startups can be the bastard child of a personality cult leader founder and a bunch of VCs, raised by a group of Discord-dwelling degens manning a DAO, while speculators trade 24/7 and the media circles.

So, how do founding teams get the balance right between the needs and wants of the VCs and what’s best for the community? Are the interests of VC funds aligned with the interests of token holders?

 

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Altcoins

The risks and benefits of VCs for crypto communities

Ethereum

Compass Mining retrenches 15% of staff, execs to take major pay-cuts

Compass Mining parts ways with 15% of its workforce while senior employees and executives take major pay-cuts in the wake of the cryptocurrency downturn.

Bitcoin

What is BNB auto-burn and how does it work?

Based on the price of BNB and the number of blocks generated on BSC during the quarter, the BNB auto-burn mechanism automatically modifies the amount of BNB to be burned.

Blockchain

Web3 activists fight for reproductive rights with NFTs, DAOs and protests

The Web3 community has launched a number of initiatives to raise funds and awareness for women’s reproductive rights following the overturn of Roe v. Wade.

Regulations

Web3 activists fight for reproductive rights with NFTs, DAOs and protests

The Web3 community has launched a number of initiatives to raise funds and awareness for women’s reproductive rights following the overturn of Roe v. Wade.

Blockchain

This 'biblical' Bitcoin pattern suggests BTC price can rise 30% by October

Bitcoin's price chart has a target of $28,000 based on a classic, bullish technical pattern.

Bitcoin

This 'biblical' Bitcoin pattern suggests BTC price can rise 30% by October

Bitcoin (BTC) may be down 70% from its November 2021 peak, but its rebound move in the past three weeks is raising the possibility of more upside in Q3.

Bitcoin eyes 30% price rally

At the core of the bullish argument is a technical pattern called the "Adam-and-Eve double bottom."

Notably, the structure appears when the price forms two bottom-and-recovery cycles. The first cycle, called "Adam," features a pointed bottom, while the other, called the "Eve," is round-shaped. Also, the peaks of both cycles form a common resistance line. 

The Adam-and-Eve pattern resolves after the price breaks above the resistance line, accompanied by a rise in trading volume.

As a rule of technical analysis, the breakout's target typically comes at a length equal to the maximum distance between the pattern's lowest point and resistance line.


Market Analysis

Mind games: Bitcoin education at an escape room in Lebanon

At a Bitcoin-themed escape room in Lebanon's capital Beirut, it's all fun and games until you take the orange pill.

Bitcoin

EU-regulated firm Banking Circle adopts USDC stablecoin

Banking Circle was launched in 2016 with a mission to help payments businesses reach new global markets, avoiding the burdens of traditional banking.

Regulations

EU-regulated firm Banking Circle adopts USDC stablecoin

Banking Circle was launched in 2016 with a mission to help payments businesses reach new global markets, avoiding the burdens of traditional banking.

Altcoins

Binance gets crucial license for its Spanish subsidiary from the Bank of Spain

Changpeng Zhao, the CEO of Binance, said that compliance with regulation is very crucial to the broader adoption of crypto.

Regulations

Bitcoin price builds best weekly candle since March despite new DXY peak

The U.S. dollar is breaking out yet again, adding to misgivings about the authenticity of Bitcoin's surge to $22,400.

Bitcoin

Bitcoin price builds best weekly candle since March despite new DXY peak

Bitcoin (BTC) is on track for its biggest weekly gains since March, but not everyone is convinced the good times will last.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Crypto sentiment highest since early May

Data from Cointelegraph Markets Pro and TradingView shows that at the time of writing, BTC/USD is up over $2,000 this week — nearly 12%.

After spending several days trapped in a narrow range, the pair managed to exit to the upside, the gains accelerating overnight into July 8 to see highs of $22,401 on Bitstamp.

Those highs alone are noteworthy, coinciding with Bitcoin’s 200-week moving average (MA), an essential level in bear markets which has acted as resistance since last month.

While consolidating around $1,000 lower, Bitcoin nonetheless is showing the potential for a trend turnaround. Beating out the 200-week MA, however, will be no easy task.

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Market Analysis

DOGE days of summer: Shiba Inu gains 40% on Dogecoin two months after record lows

SHIB price remains at risk of falling further against DOGE due to weak technicals.

Altcoins

DOGE days of summer: Shiba Inu gains 40% on Dogecoin two months after record lows

Shiba Inu (SHIB) has grown stronger against its top "memecoin" rival Dogecoin (DOGE) in the last two months, in part due to the token's periodic token burning events and a flurry of project announcements that promises to boost its utility.

Why is the SHIB price rallying?

In detail, SHIB/DOGE gained a little over 40% after bouncing from 0.0001120 on May 12, its lowest level on record. 

SHIB/USD four-hour price chart. Source: TradingView

Coin burn is the most logical explanation behind SHIB's recent rally against DOGE.

The process involves sending SHIB tokens to a wallet without a master, i.e., removing them out of circulation permanently against the total one quadrillion supply (half of which were sent to Ethereum's co-founder Vitalik Buterin.

The Shiba Inu network has burned more than 410 trillion SHIB tokens (~$4.5 billion at July 8's price) from its initial supply, according to data tracking portal ShibBurn.com.

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Market Analysis

Credit unions warn about the cost of developing a CBDC

A lobby group suggests supporting the credit union engagement instead, applicating consumer protection rights to digital assets holders.

Regulations

Social media 'major Web3 pain point' as phishing attacks almost doubles: Report

A majority of the phishing attacks recorded have been conducted on social media platforms that do not have account verification features.

Blockchain

Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more

The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space.

Blockchain

Aave to launch overcollateralized stablecoin called GHO

GHO would allow users to borrow the stablecoin while still learning yield on their locked assets on Aave, however the proposal is just seeking feedback at this stage.

Blockchain

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