CryptoNews

Skybridge Founder: Bitcoin Halving Not Priced in — BTC Has 'a Lot More' Upside – Markets and Prices Bitcoin News

April 8, 2024
Skybridge Capital founder Anthony Scaramucci remains bullish on bitcoin, dismissing the notion that the potential benefits of the upcoming halving are already priced in. He emphasized that bitcoin has significant room for further growth, noting that the crypto could “trade to half of the valuation of gold,” which translates to a potential six to tenfold move from its current price. ‘I Think…
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CryptoNews

Google Sues Chinese Nationals for Running Crypto Scam Using Google Play App Store

April 5, 2024
Tech giant Google has filed a lawsuit against two Chinese nationals, accusing them of developing fraudulent cryptocurrency apps on the Google Play store and defrauding more than 100,000 users globally. “This is a unique opportunity for us to use our resources to actually combat bad actors who were running an extensive crypto scheme to defraud some of our users,” said Google’s general…
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ETF Analyst Comments on ARKB Outflows: A Reality Check for Crypto’s Hodler Class

April 4, 2024
In a modest yet positive development, U.S. spot bitcoin exchange-traded funds (ETFs) saw a net inflow of $39.5 million, even as the ETF ARKB experienced a substantial outflow of $87.5 million. Despite ARKB’s significant outflow surpassing that of GBTC, Grayscale’s Bitcoin Trust also faced a reduction, with approximately $81.9 million being pulled from its funds. ETF Analyst Eric Balchunas…
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CryptoNews

Polygon CEO: L3s Might Represent a Threat to Ethereum's Security

April 3, 2024
Marc Boiron, CEO of Polygon, an Ethereum-compatible sidechain scaling solution, gave his take on the rise of Layer 3 (L3) scaling structures in the Ethereum ecosystem. According to Boiron, L3s only take value away from Ethereum’s chain and concentrate it in their corresponding base L2, creating a security risk for the network. Polygon CEO Criticizes Rise of L3 Ethereum Scaling Solutions Marc…
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