QWQ Venture Partners

Bitcoin starts the last week of “Uptober” in a firmly average mood as the trading range to end all trading ranges continues to stick.

After a welcome attempt to break out, BTC/USD remains bound to a narrow corridor now in place for weeks.

Some of the lowest volatility in history means that Bitcoin has found a temporary function as a stablecoin — even some major fiat currencies are currently more volatile.

To learn more about this story visit - https://cointelegraph.com/news/least-volatile-uptober-ever-5-things-to-know-in-bitcoin-this-week

Recently, investors in Ethereum (ETH-USD) have been wondering what will happen to Ethereum's price after The Merge.

Will The Merge hype fizzle out after the event? Will it be the typical "buy the rumor, sell the news"?

Higher staking yield, deflationary supply, greener aspect and higher scalability should drive ETH demand.

Unlocking of 13.3M ETH post The Merge could create some selling pressures.

To learn more about this story visit - https://www.coindesk.com/tech/2022/09/06/the-final-countdown-to-the-ethereum-merge-has-officially-begun/

Investment manager BlackRock has launched a private trust offering US-based institutional clients exposure to spot bitcoin.

The trust will be available to US-based institutional clients and will be BlackRock's first product that offers direct exposure to the price of bitcoin.

"Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets using our technology and product capabilities," BlackRock said in a statement.

On August 4, BlackRock announced a deal with crypto exchange Coinbase to offer institutional investors access to crypto, beginning with bitcoin. BlackRock, which manages around $9 trillion of customer funds, will use Coinbase Prime to provide the service.

To learn more about this story visit - https://www.theblock.co/post/162987/blackrock-launches-private-trust-offering-direct-bitcoin-exposure

NYDIG, an investment company, has joined hands with the prominent Major League baseball (MLB) team, New York Yankees. This collaboration will allow the players to receive a certain element of their salary in Bitcoin.

NYDIG operations are primarily focused around Bitcoin. It is owned by Stone Ridge Holdings Group, an organization offering infrastructure solutions for other firms and monetary institutions seeking to operate within the BTC environment. The organization’s products involve the Bitcoin Savings Plan (BSP). Through this, New York Yankees staff and players can turn a particular part of their salary into the crypto asset.

As per NYDIG, the best part here is that clients won’t be required to pay any transaction fees. The organization’s CMO, Kelly Brewster stated that, “They are committed to make their clients understand the exact potential of Bitcoin, while offering standards and services which have established trust among their clients.

To learn more about this story visit - https://www.prnewswire.com/news-releases/nydig-to-partner-with-new-york-yankees-for-bitcoin-benefits-301586584.html

Hardware wallet providers are seeing increases in revenue in this bear market as crypto investors withdraw assets off centralized exchanges.

Blockchain analysis firm Glassnode recently characterized the 2022 bear market as the worst on record. This seems to be the case due to events such as the war in Ukraine and rising inflation, coupled with serious problems among centralized crypto exchanges. Yet, the bear market hasn’t negatively impacted all players in the crypto ecosystem.

Hardware wallet providers seem to be benefiting from the massive amount of crypto withdrawals from centralized exchanges.

To learn more about this story visit -
https://cointelegraph.com/news/hardware-crypto-wallet-sales-increase-as-centralized-exchanges-scramble

#2022

Hardware wallet providers are seeing increases in revenue in this bear market as crypto investors withdraw assets off centralized exchanges.
Blockchain analysis firm Glassnode recently characterized the 2022 bear market as the worst on record. This seems to be the case due to events such as the war in Ukraine and rising inflation, coupled with serious problems among centralized crypto exchanges.
Yet, the bear market hasn’t negatively impacted all players in the crypto ecosystem. Hardware wallet providers seem to be benefiting from the massive amount of crypto withdrawals from centralized exchanges.
To learn more about this story visit - https://cointelegraph.com/news/hardware-crypto-wallet-sales-increase-as-centralized-exchanges-scramble

#2022

Celsius Network, an interest-earning yield platform, has frozen withdrawals after using a myriad of failed decentralized finance (DeFi) strategies.

It suffered a series of severe losses including over 38,000 ETH in a blunder related to Stakehound, followed by a $22 million loss in connection with the Badger DAO hack.

Customers now fear they will never be able to access funds that are locked on Celsius.

Already reeling from last month’s LUNA collapse, the cryptocurrency market has shed $180 billion off its market cap in the wake of Celsius’ announcement, and major exchanges have announced job cuts.

To learn more about this story visit - https://www.coindesk.com/business/2022/06/16/how-crypto-lender-celsius-overheated/

The bipartisan Bitcoin legislation by U.S. Senators Cynthia Lummis (R-WY) from the Senate Banking Committee and Kirsten Gillibrand (D-NY) from the Senate Agriculture Committee has finally been introduced – months after the effort was first announced.

The legislation, coined the Responsible Financial Innovation Act, also referred to as Lummis-Gillibrand, seeks to encourage “responsible innovation” by integrating digital assets into existing laws and providing greater clarity to an industry that is largely unregulated and lacks common standards and defining measures. The text boasts 69 pages of detailed definitions and provisions.

To learn more about this bill visit - https://bitcoinmagazine.com/business/heres-whats-in-senator-lummis-bitcoin-bill

Despite the crypto slump, banking giant JPMorgan says bitcoin is massively undervalued. Maintaining its estimate of bitcoin's fair value at $38,000, the bank today reiterated the assessment it gave the asset in February when the cryptocurrency was trading around $43,400. This price is approximately 28% higher than its current level of $29,757.

In a note to clients issued Wednesday, the bank has also stated that it is replacing real estate with digital, or crypto, assets as its preferred alternative asset class along with hedge funds, citing “potential lagged repricing” in private equity, private debt and real estate. Alternative assets typically refer to ​​investments that aren't stocks, bonds or cash.

To read more about this visit -
https://www.forbes.com/sites/ninabambysheva/2022/05/25/jpmorgan-says-bitcoin-is-undervalued-by-28-says-cryptocurrencies-are-now-its-preferred-alternative-asset/?sh=54f56fbd1d70

A 99.97% drop in the value of LUNA since the ATH reached on April 5, 2022, to $119. Those who had invested their hard-earned money in LUNA have lost most if not all of thDespite the crypto slump, banking giant JPMorgan says bitcoin is massively undervalued. Maintaining its estimate of bitcoin's fair value at $38,000, the bank today reiterated the assessment it gave the asset in February when the cryptocurrency was trading around $43,400. This price is approximately 28% higher than its current level of $29,757.

In a note to clients issued Wednesday, the bank has also stated that it is replacing real estate with digital, or crypto, assets as its preferred alternative asset class along with hedge funds, citing “potential lagged repricing” in private equity, private debt and real estate. Alternative assets typically refer to ​​investments that aren't stocks, bonds or cash.

To read more about this visit -
https://www.forbes.com/sites/ninabambysheva/2022/05/25/jpmorgan-says-bitcoin-is-undervalued-by-28-says-cryptocurrencies-are-now-its-preferred-alternative-asset/?sh=54f56fbd1d70

A 99.97% drop in the value of LUNA since the ATH reached on April 5, 2022, to $119. Those who had invested their hard-earned money in LUNA have lost most if not all of their investment.

To read more about this visit - https://www.barrons.com/articles/stablecoins-crypto-crash-tether-usdc-terra-luna-bitcoin-51652298703

Gucci will accept payments in cryptocurrencies in the U.S. starting this month, as the luxury industry takes tentative steps into the digital-asset universe.
Italian brand joins Philipp Plein in taking Bitcoin payments
Luxury brands are exploring strategies for metaverse, web3
Customers in some stores in New York, Los Angeles, Miami, Atlanta and Las Vegas will be able to pay using digital tokens from the end of May, the Italian fashion house said in a statement. It will adopt this payment option throughout its North American stores this summer.

Gucci, owned by Kering SA, will initially accept 10 cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, Dogecoin and Shiba Inu.

To learn more about Gucci accepting crypto visit - https://cointelegraph.com/news/gucci-the-latest-luxury-brand-to-accept-crypto-payments-in-store

WME has signed the NFT project Non-Fungible Heroes as the agency continues to expand its reach into IP centered on blockchain technology.

Non-Fungible Heroes, led by CEO Michael Schaiman, initially launched as an NFT collection with “heroes” and “villains” characters.

The collection aims to bring NFT holders into the fold by giving them intellectual property rights to the characters, allowing holders to craft backstories and traits for their respective characters and work with a group of artists and writers to turn those ideas into other storylines, games and comics.

To read more about Non-Fungible Films visit - https://www.nonfungiblefilms.io/

To learn more about Non-Fungible Heroes visit - https://www.nfheroes.io/

Fidelity Investments will offer investors the option to put bitcoin in their 401(k)s by the middle of this year.

As the nation’s largest retirement plan provider, Fidelity’s decision could make crypto even more popular and mainstream.

Regulators have urged caution against involving cryptocurrencies in 401(k)s, citing speculation, volatility and high valuations for their concern.

To read more about this visit - https://www.cnbc.com/2022/04/26/fidelity-offers-401k-investors-access-to-bitcoin-a-retirement-plan-first.html

To learn more about Fidelity and Bitcoin visit - https://www.fidelity.com/viewpoints/active-investor/beyond-bitcoin

The Ethereum Foundation has revealed that it holds just 0.3% of all ETH currently in circulation.

This crypto haul was worth $1.29 billion as of March 31, 2022 — and represents 99.1% of the organization's investment in digital assets.

Just $11 million has been allocated to other cryptocurrencies, with the foundation declaring that it "believes in Ethereum's potential."

The 2021 financial summary is somewhat refreshing given how some crypto projects hold a large chunk of their token's total supply, raising questions about decentralization.

Another interesting revelation relates to how the Ethereum Foundation currently has $300 million in "non-crypto investments and assets" — representing about 20% of the total funds in its treasury.

To learn more about the ETH Foundation visit - https://ethereum.org/en/foundation/

Bitcoin mining began as a cottage industry with individual miners able to mine Bitcoin on a laptop. Over the years, the technology became more specialized and sophisticated, with large facilities taking over the industry.
But with the launch of its at-home mining program, Compass Mining is betting that individual bitcoiners will want to mine bitcoin once again.
To learn more about how to get involved with Bitcoin Mining visit - https://compassmining.io/

Bitcoin 2022 is officially underway in Miami, announcing itself as not only the world’s biggest ever crypto conference, but also the largest finance conference in the US this year. You can follow all related news and livestream here - https://b.tc/conference/livestream #2022

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Payments firm, Nuvei launches crypto friendly debit cards with Visa that allow customers to spend funds from their crypto sales 💳

Customers of Nuvei’s partners will be able to sell their crypto holdings while using the resulting funds anywhere Visa is accepted. They are adding payment support for nearly 40 cryptocurrencies for e-commerce merchants on its network.

To read more, visit our Twitter page: QWQVenturePrns

Crypto quote of the day from Surojit Chatterjee, the chief product officer of Coinbase 💯

Follow our page for all things crypto!

What is play-to-earn? Play-to-earn is the concept in gaming where a platform provides its players assets that can be transferred to the real world as a valuable resource.

Some of the biggest play to earn projects are: Axie Infinity, Gala, Decentraland, Sandbox, WAX, Illuvium, and Mobox

Happy Thanksgiving! 🦃
QWQ Venture Partners wishes you a happy Thanksgiving and happy holidays!

A patch in the Decentraland metaverse has sold for a record of $2.4 million 👾
Decentraland is an online environment where users can buy land, visit buildings, and meet other people as avatars

If only one can be the leader of the Metaverse pact, what do you choose? SAND vs. MANA?

Cryptocurrency companies such as FTX and Crypto.com have gone through many sports-related deals in the past year , pouring money into sports marketing campaigns at historic rates 🏀

The most notable being the Staples Center name change to Crypto.com Arena. Staples Center has been an iconic home to the Los Angeles Lakers and Los Angeles Clippers of the NBA - the 20-year deal was worth $700 million.

To read more, visit our Twitter page: QWQVenturePrns

A research study conducted on gamers has revealed to us the opportunities NFTs can play in the world of gaming and esports. According to the research study conducted by Vorhaus Advisors, “63% of gamers say that they would spend more on virtual goods if they had real-world value, and could be traded or sold. And as much as 64% of gamers say they would also play more often if virtual goods are substantiated in real life.” 🎮

Read more on our Twitter: QWQVenturePrns 🐦

SQUID, the cryptocurrency is based off the popular Netflix series “Squid Game” and has stolen an estimate of $2.1 million from investors 🦑

This scam is called a “rug pull”, where the creators of the crypto cash out their coins in exchange for real money, eventually devaluing the crypto’s value. It surged as high as $2861 before falling to $0

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