Crypto News LIVE Updates: The crypto market has shown a positive trend in the last two days amid optimism regarding Bitcoin exchange-traded funds (ETFs). Bitcoin (BTC) price hovered around $44,000 earlier today but has since fallen to $43,667. The OG cryptocurrency is up 3.7% in the last seven days.
The spot Bitcoin ETF competition is heating up as all applicants have filed 19b-4 amendments with the US Securities and Exchange Commission (ETF). Bloomberg analyst Eric Balchunas said the U.S. Securities and Exchange Commission is likely to approve the first wave of Bitcoin ETFs and allow trading as early as January 11.
Bitcoin inventor Satoshi Nakamoto has also resurfaced after years of inactivity when 27 BTC worth over $1 million were moved to a wallet address linked to Satoshi Nakamoto.
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05:21:20 PM IST, 6 January 2024
Crypto News Live: Terraform and its founder confront the SEC over the statements of their experts
Terraform Labs and its founder Do Kwon deny the Securities and Exchange Commission (SEC) lawsuit against them, focusing on refuting Dr. Matthew Edman, one of the SEC's key experts.
05:00:14 PM IST, 6 January 2024
Live Crypto News: Better Markets Urges US Securities and Exchange Commission to Reject Spot Bitcoin ETF
Better Markets has once again sent a comment letter to the SEC rejecting spot Bitcoin ETF applications. “Approving spot Bitcoin ETPs would be a historic mistake that would almost certainly result in massive harm to investors. The immense and relentless fraud and manipulation in the Bitcoin market means that approving these products would expose millions of American investors and retirees to the very harm the SEC wants to prevent.”
04:54:12 PM IST, 6 January 2024
Crypto News Live: Paradigm moves ETH to Coinbase
Paradigm has transferred 6,500 ETH worth $14.67 million to crypto exchange Coinbase. The VC firm made significant profits by buying during bear markets and selling during bull markets.
04:40:54 PM IST, 6 January 2024
Crypto news live: Tron founder Justin Sun reacts to Satoshi wallet transfer
After the Satoshi Nakamoto wallet received 27 Bitcoin, Tron founder Justin Sun recommends others to also buy Bitcoin.
04:20:56 PM IST, 6 January 2024
Crypto News LIVE: Bitcoin Mining Difficulty Rises to 73.2T
According to data from BTC.com, Bitcoin mining difficulty resulted in a mining difficulty adjustment at block height 824,544. Mining difficulty increased by 1.65% to 73.2T. The current computing power of the entire network is 542.40 EH/s.
03:56:45 PM IST, 6 January 2024
Crypto News LIVE: ConstitutionDAO (PEOPLE) Price Surges 55%
The price of ConstitutionDAO (PEOPLE) has increased by 55% in the last 24 hours, supported by trading volume of almost $1 billion. PEOPLE price has risen 220% in a week.
03:44:20 PM IST, 6 January 2024
Crypto News LIVE: Ark Invest dumped Coinbase (COIN) shares
Cathie Wood's Ark Invest sold a total of 113,823 Coinbase shares worth nearly $20.6 million ahead of the potential approval of a spot Bitcoin ETF next week.
03:05:27 PM IST, 6 January 2024
Crypto News LIVE: According to NYT, authors file lawsuit against OpenAI and Microsoft
Just days after The New York Times sued OpenAI and Microsoft for allegedly misusing journalists' work for AI training, the companies were hit with another copyright infringement lawsuit from nonfiction authors Nicholas Basbanes and Nicholas Gage.
02:01:51 PM IST, 6 January 2024
Crypto News LIVE: Elon Musk's X addresses media questions
Billionaire Elon Musk took aim at Media Matters after a leaked document revealed the identities of Democratic megadonors who secretly funded the media advocacy group. Last year, Musk-owned company X sued Media Matters, saying the media regulator had defamed the platform and driven away investors. Musk now plans to include the megadonors as defendants in the ongoing legal dispute.
01:33:34 PM IST, 6 January 2024
Crypto News LIVE: Grayscale’s Digital Large Fund Now Includes XRP, AVAX; MATIC leaves
The world's largest crypto asset manager Grayscale Investments has made a revision to the Grayscale Digital Large Cap Fund (GDLC). While XRP and Avalanche (AVX) tokens were added to the GDLC, Polygon (MATIC) was removed.
12:53:07 PM IST, 6 January 2024
Crypto News LIVE: Nebraska Proposes Bill to Eliminate Taxes on Bitcoin Transactions Under $200
Nebraska has introduced a groundbreaking bill that aims to protect the rights of Bitcoin users. The bill, sponsored by Senator Bostar, aims to eliminate the state capital gains tax on Bitcoin transactions under $200. The proposed legislation follows a similar initiative in Missouri.
12:19:36 PM IST, 6 January 2024
Crypto News LIVE: Mysterious Bitcoin creator Satoshi Nakamoto resurfaces after years
In a major development, Bitcoin inventor Satoshi Nakamoto has resurfaced after years of inactivity. Up to 27 Bitcoin worth over $1 million were transferred to a wallet address linked to Nakamoto, the anonymous person who created the world's first cryptocurrency.
11:56:21 AM IST, 6 January 2024
Solana (SOL) price slides over 6%
Solana has had a rocky start to 2024. While the crypto market has shown a positive trend over the past two days – largely due to optimism surrounding Bitcoin exchange-traded funds (ETFs) – Solana has suffered a setback, falling below $100 in the last 24 hours.
11:23:54 AM IST, 6 January 2024
Crypto News LIVE: Spain launches 6-month CBDC pilot in collaboration with Adhara Blockchain
The Spanish central bank has launched a six-month pilot project for central bank digital currencies (CBDCs). The Bank of Spain is said to have engaged key financial and technology partners, including Cecabank, Abanca and Adhara Blockchain, for the pilot to study the efficiency and security of digital currencies in financial transactions.
10:53:09 AM IST, 6 January 2024
Crypto News LIVE: BlackRock Prepares to Launch Bitcoin ETF, Deploys $2 Billion in Funds
While the US securities regulator has yet to approve spot Bitcoin ETFs, investment management company BlackRock has already begun preparations. The company reportedly has $2 billion in funding from existing Bitcoin holders who would be happy to convert the capital into its Bitcoin ETF if approved.
09:58:18 AM IST, 6 January 2024
Crypto News LIVE: DCG pays off $700 million in Genesis debt
Digital Currency Group (DCG) has repaid creditors over $1 billion in amounts due, including approximately $700 million in short-term debt from Genesis, its bankrupt subsidiary. The announcement comes months after Genesis sued DCG to recover outstanding loans. Court documents showed that DCG owed its creditors more than $1.7 billion as of September 2023.
09:05:36 AM IST, 6 January 2024
Crypto News LIVE: Spot Bitcoin ETF approval could happen next week
As Bitcoin exchange-traded fund (ETF) hopefuls rush to file 19-4b amendments with the U.S. Securities and Exchange Commission, Bloomberg Intelligence analyst Eric Balchunas said the SEC will release the first wave of Bitcoin next week ETFs could be approved and allowed to begin trading sooner than Jan. 11.
08:50:38 AM IST, 6 January 2024
Crypto News LIVE: BTC Whale Transfers
As Bitcoin (BTC) price stabilized around the $44,000 mark, 1,373 BTC were transferred from crypto exchange Coinbase to an unknown wallet, Whale Alert reports.
08:31:36 AM IST, 6 January 2024
Crypto News LIVE: Blockchain Basics Act
Phil Christofanelli, a member of the House of Representatives from Missouri, USA, proposed the Blockchain Basics Act, which covers a range of cryptocurrency rights ranging from the right to custody of crypto assets to crypto mining.
08:22:08 AM IST, 6 January 2024
Crypto News LIVE: Better Markets Demand Rejection of Bitcoin ETFs
Contrary to the wave of sentiment among crypto traders and investors, Better Markets CEO Dennis Kelleher wrote to the US Securities and Exchange Commission (SEC) calling for the spot Bitcoin ETF applications to be rejected. The SEC should not consider the Grayscale lawsuit ruling, they said.
07:53:25 AM IST, 6 January 2024
Crypto News LIVE: Van Eck donates 5% of Bitcoin ETF profits
Van Eck had committed to donating 5% of his profits from Bitcoin ETF operations to Bitcoin core developers for at least 10 years. A decision on approving Bitcoin ETFs in the United States is expected to be made between January 8 and 10, 2024.
07:51:00 AM IST, 6 January 2024
Crypto News LIVE: Coinbase plans to expand into the EU
Crypto exchange Coinbase announced plans to obtain a Markets in Financial Instruments Directive (MiFID) licensed facility in Cyprus to expand its derivatives offering in the European Union.
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