Author: News Room
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. It’s been a long and winding road for the blockchain industry and crypto community to rehab its reputation and regain footing on solid ground. And it still has a long way to go. You might also like: Does crypto have a misogyny problem? #hearsay sushi, models, and Copper Technologies | Opinion The past year, however, and the last four months or so specifically, has shown how worthwhile projects have been able to gradually shake off the industry’s…
Anthony Scaramucci, the Founder and Managing Partner of SkyBridge Capital, provided a comprehensive overview of Bitcoin’s growth potential, Sam Bankman-Fried’s sentencing, and the future of the cryptocurrency space during his appearance on CNBC’s “Closing Bell” on April 5, 2024. Anthony Scaramucci is an American financier, entrepreneur, and political figure known for his brief tenure as the White House Director of Communications under President Donald Trump in July 2017. His time in this role was notably short-lived, lasting just 11 days before he was dismissed due to controversial comments he made during an interview. Before his stint in the White House,…
Costa Rica is currently deliberating a proposed crypto law that may restrict its citizens’ ability to use Bitcoin for everyday transactions. Jan3, a prominent Bitcoin technology firm, disclosed this development regarding the Latin American nation. Costa Rica Debates Legal Use of Bitcoin Jan3 stated that the absence of comprehensive legislation governing the country’s crypto ownership, trading, and investment impacts the ongoing debate. The firm noted that the key concerns revolved around effective Know Your Customer (KYC) and Anti-Money Laundering (AML) practices in the emerging industry. However, amidst these debates, there is a sense of optimism regarding the potential for robust…
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 […] Read the full article here
The research branch of top US-based crypto exchange platform Coinbase says that going forward, investors are likely to aggressively purchase Bitcoin (BTC) when it dips. In a new blog post, Coinbase Institutional says that gold is a winner this cycle due to rising economic and geopolitical concerns. According to Coinbase, the success of gold can be attributed to both the threat of inflation and the anticipation that the Federal Reserve will begin its rate-cutting cycle. “In this environment, gold has been the largest winner, printing new highs amidst increased central bank buying, heightened geopolitical risks, and reflation concerns. What makes…
American tech giant Google recently filed a lawsuit against two developers for uploading almost 90 fraudulent crypto investment applications on its online store, Google Play, which they used to defraud unsuspecting victims. Despite the company’s previous attempts to take down fraudulent apps from its Play Store, the alleged scammers found a way to upload more of such bogus apps, with Google stating that their fraud scheme affected around 100,000 users. Victims Promised ‘Illusory’ Gains From Crypto Investment Google, in its complaint filed in the Southern District of New York, claimed that Yunfeng Sun and Hongnam Cheung, both Chinese online app…
Costa Rica has reignited discussions regarding the legalization of Bitcoin (BTC) and other digital assets for daily transactions. This move comes amidst a global trend towards embracing cryptocurrencies. Moreover, Costa Rica is poised to potentially join the ranks of nations embracing the digital currency revolution. Read the full article here
Celestia, the pioneering modular blockchain network, announced this week the deployment of its data availability solution, Blobstream, on Arbitrum Orbit. This move enables layer 2 (L2) and layer 3 (L3) networks built on the Arbitrum platform to leverage Blobstream for enhanced scalability and cost-effective operations. Blobstream is now live on @Arbitrum One. Developers can soon deploy Orbit chains with Celestia underneath on @Arbitrum One and @Base, the first modular DA integration with *working Nitro fraud proofs* 🏎️ pic.twitter.com/8OfAOFkBat — Celestia (@CelestiaOrg) April 2, 2024 Developed by Celestia in collaboration with Succinct, Blobstream uses zero-knowledge proof to authenticate blockchain information efficiently.…
Pantera Capital’s Liquid Token Fund, valued at approximately $300 million, reported a 66% profit in the first quarter. The fund’s performance was primarily driven by the altcoins Solana (SOL), Ribbon Finance (RBN), Aevo and Stacks (STX). The fund has significantly reduced its exposure to Ethereum-linked tokens, considering factors such as the reduced likelihood of the United States approving a spot Ethereum ETF. The fund’s performance from January to March was also supported by gains in digital assets such as RBN, Aevo and STX, according to a shareholder letter seen by Bloomberg. Bitcoin rose 67% in the first quarter, reaching a…
Today’s market session has seen bears take control once again, as seen from the dropping global market cap, which has dropped 1% in the last 24 hours to stand at $2.52T as of press time. The trading volume has increased by 13.99% within the same period to stand at $105.3 billion as of press time. Bitcoin Price Review Bitcoin (BTC) seems to be recovering from its slight price increase in today’s session. The Bitcoin price fluctuates around the Alligator’s jaw (blue line), indicating a potential consolidation phase or indecision in the market. On the other hand, the RSI is slightly…