Skybridge Capital Founder Predicts $100K Bitcoin Price This Year Due to ‘Heavy Demand’ and Diminishing Supply – Markets and Prices Bitcoin News

The founder of asset management firm Skybridge Capital, Anthony Scaramucci, has predicted that the price of bitcoin will reach $100,000 before the year-end simply due to supply and demand. “You don’t have a lot of supply out there and very heavy demand,” he said. His firm currently has over half a billion dollars in bitcoin. Skybridge’s Founder Expects $100K Bitcoin Before End of Year Skybridge Capital founder and managing partner Anthony Scaramucci talked about his expectations for the price of bitcoin and his firm’s investment in the cryptocurrency during an…

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Tesla buys BTC, Mastercard supports crypto, DOGE founder speaks out

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin hits all-time highs as Tesla invests $1.5 billion The past week is going to go down as one of the best in Bitcoin’s history. It all began when an SEC filing revealed Tesla has invested $1.5 billion in BTC and planned to start accepting…

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Founder of $8.4B Dogecoin sold everything in 2015 for ‘a used Honda Civic’

Dogecoin founder Billy Markus has revealed that he sold off his DOGE stash in 2015 for an amount equivalent to a used Honda Civic. Markus made the comment in an open letter to the r/dogecoin subreddit earlier this week in which he sought to introduce himself to new members of the community and outline what he believes is the “true value” of DOGE after the Dogecoin mania that saw it gain 900% since late January. In the post, he provided context on the history of Dogecoin, in what appears to…

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Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison – Regulation Bitcoin News

The founder of two cryptocurrency hedge funds has been charged in U.S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments. The U.S. Department of Justice (DOJ) announced Thursday that Stefan He Qin, a 24-year-old Australian national and founder of two crypto hedge funds, has been charged with securities fraud and has pleaded guilty in Manhattan federal court. Qin “owned and controlled two cryptocurrency investment funds” called Virgil Sigma and VQR…

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Fortnite founder says NFT tech “going places,” but currently “speculative mess”

Tim Sweeney, the co-founder of the studio behind titles such as Hitman, Gears of War, and the wildly popular Fortnite said in a Tweet today that non-fungible token (NFT) tech and the ‘metaverse’ it one day may enable are “going places,” but due to factors such as transactions costs and the “wild, speculative mess” that makes up much of crypto today, the dream of “a persistent, live digital universe” might be far off.  Sweeney made his comments in response to a blog titled “Into The Void: Where Crypto Meets The…

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RSK’s token spikes 30% after founder appears on podcast

RIF, the utility token for smart contract network RSK, shot up over 30% in price after an appearance by its founder on the Jan. 13 edition of The Pomp Podcast. The gain equates to a $36 million increase in market cap for RIF, most of which has occurred in the last 12 hours. $RIF up 20% now and it’s just the beginning. Building infrastructure on top of #bitcoin The most secure network in the world. — TradingToolCrypto (@RealTradingTool) January 14, 2021 RIF, short for “RSK Infrastructure Framework,” is the token…

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Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes

A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. Crypto Founder Exit Scams, Caught for Tax Evasion The U.S. Department of Justice (DOJ) announced this week that a “cryptocurrency founder” was arrested Thursday and charged with a “multimillion-dollar tax evasion scheme.” The indictment against Amir Bruno Elmaani was unsealed Thursday in Manhattan federal court. In addition, the U.S. Securities…

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Ethereum 2.0 still has a long road ahead, MEW founder says

Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project’s transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and CEO of MyEtherWallet, Kosala Hemachandra, recently explained the next hurdle for Eth2.  “I think the question should be, what is not the next hurdle for ETH 2.0,” Hemachandra told Cointelegraph, adding: “Basically, after the beacon chain launch, Ethereum will focus on phase 1 specs. It will go through a lot of iterations similar to phase 0 and tons of bug…

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Celsius Network founder gifts wife 15 million CEL tokens

The founder of the crypto payments network Celsius has gifted his wife a large portion of the token supply, reducing his own enormous stake in the process. Celsius CEO Alex Mashinsky gifted wife Krissy 15 million CEL tokens as a birthday present, worth an estimated $20 million at today’s prices. I gave my wife @KrissyMashinsky a very special present of 15,000,000 CEL tokens for her very special birthday. She has been with me through it all and ALWAYS supported me even when I made silly mistakes. I love you Krissy…

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Filecoin Founder Accuses Justin Sun of Spreading Lies About FIL Tokens as Fresh Dumping Allegations Emerge

Juan Benet, a founder at Filecoin, is attacking Justin Sun for spreading completely false accusations about the movement of the FIL tokens soon after listing. In his long Twitter rebuff, Benet accuses Sun of spreading lies with the intention of harming the Filecoin project financially. Calling the accusations ridiculous, Benet says no one from the Filecoin team sold the FIL token on the day of listing. Soon after the FIL token went live on many exchanges, Sun unexpectedly tweeted alleging that Benet and others at Filecoin had exit scammed. This…

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