CryptoNews

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

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

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

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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Crypto.com Expands Into South Korean Crypto Market

Cryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global cryptocurrency exchange to launch…
CryptoNews

Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit Security

Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion demonstrates the robust information…
CryptoNews

44-Day Bitcoin Drain: Coinbase and Binance Shed 76,179 BTC in Less Than 2 Months

Recent figures show that over a span of 44 consecutive days, 76,179 bitcoins, worth $5.41 billion, have been moved out of Coinbase and Binance, the two leading cryptocurrency exchange and custodial firms by reserve size and total trade volume. Robinhood Bucks Trend With Bitcoin Inflows as Coinbase and Binance Face Outflows A significant volume of bitcoin (BTC) is currently in the possession of two…
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