Crypto News LIVE Updates: Last week, the SEC issued a “fear of missing out” warning to the general public. The warning comes as the spot Bitcoin ETF buzz has pushed up the global cryptocurrency market cap this month. The U.S. securities regulator believes that even if such a product were approved, that doesn't necessarily mean everyone should dip their toes into it.
As investors grew increasingly nervous about Bitcoin ETFs, a former SEC official took a swipe at Bitcoin ETF applicants, calling them “opportunistic cartels” that are creating hype around a product with no inherent value. Note that several financial giants, including BlackRock and Grayscale Investments, have decided to offer spot Bitcoin products.
Meanwhile, the global crypto market fell over 1.2% to $1.63 trillion in the last 24 hours. Bitcoin price had fallen below $43,310 early in the morning, but the OG cryptocurrency has since recouped some losses. BTC price is currently at $43,857, down 0.2% in the last 24 hours. At press time, all top cryptocurrencies by market cap were trading in the red, with the exception of Tether (USDT) and USDC.
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06:31:05 PM IST, 8 January 2024
Crypto News LIVE: Shanghai's tax filing fans hope for an easing of China's crypto ban
The Shanghai Municipal Tax Service has released updates detailing the fees charged for Chinese digital currency transactions. Recent information suggests a possible relaxation of the strict ban on cryptocurrency operations in the country. The Shanghai Municipal Tax Service has since deleted the article from its public WeChat account
06:18:18 PM IST, 8 January 2024
Crypto News LIVE: Shiba Inu Whale Raises $546 Billion in SHIB
The cryptocurrency market saw a significant increase in interest in Shiba Inu, a well-known meme coin in the cryptocurrency space, due to the token's notable whale behavior. According to data that has surfaced on the crypto horizon, the move of a stunning 546.34 SHIB caught the attention of cryptocurrency market fans worldwide.
06:01:01 PM IST, 8 January 2024
Crypto News LIVE: Bitcoin ETF Participants File Amended S-1 Application, Disclose Fee
BlackRock, Fidelity and other applicants have disclosed fees for listing a spot Bitcoin exchange-traded fund (ETF) in the United States. BlackRock said in its S-1 filing that the fee will start at 20 basis points for the first twelve months.
While asset manager VanEck and Cathie Wood's investment firm ARK each reported fees of 0.25%, Fidelity reported a fee of 0.39%.
05:36:53 PM IST, 8 January 2024
Crypto News LIVE: VanEck files update on S-1 filings with US Securities and Exchange Commission (SEC).
VanEck has filed amended S-1 filings for Bitcoin spot ETF applications with the U.S. Securities and Exchange Commission, raising hopes that Bitcoin ETF approval is inevitable.
05:07:19 PM IST, 8 January 2024
Crypto News LIVE: Matrixport Analysts Warn of Bitcoin Price Drop
Sinapur-based Matrixport on Monday warned traders to expect a decline in Bitcoin (BTC) price in the “next few weeks” as current breakout efforts may not be successful. According to Matrixport analysts, the first bearish trading signal for Bitcoin since August 2023 was placed on one of their trading signals.
04:51:04 PM IST, 8 January 2024
Crypto News LIVE: Crypto investment products attracted $151 million in investments in the first week of 2024
According to data from CoinShares, investors invested $151 million in cryptocurrency investment products in the first week of 2024, with Bitcoin accounting for the lion's share and attracting $114 million in inflows.
04:11:40 PM IST, 8 January 2024
Crypto News LIVE: South Korea's financial regulator proposes new rules for crypto distribution and listing
South Korea's financial regulator, the Financial Supervisory Service (FSS), has proposed new guidelines for digital assets covering issuance volume, circulation and listing standards. The development followed reports that South Korea was planning changes to its credit financing law to ban crypto purchases using credit cards.
03:13:37 PM IST, 8 January 2024
Crypto News LIVE: Bitcoin Maximalist Warns of Possible Government Seizure After Launch of Bitcoin ETF
Amid speculation that the U.S. Securities and Exchange Commission (SEC) will soon give its blessing to a Bitcoin exchange-traded fund, Bitcoin advocate Max Keizer has raised concerns, saying that holders of Bitcoin ETFs are not fully protected from possible government seizure be. Keizer noted that the U.S. Securities and Exchange Commission has the authority to force a company to liquidate Bitcoin and “seize,” “seize,” and “restrict” access to its assets.
02:10:56 PM IST, 8 January 2024
Crypto News LIVE: OKX Adds BONK and JTO to Spot Trading
To diversify its spot trading services, crypto exchange OKX has expanded its spot trading offerings to include Solana-based Bonk (BONK) and Jito (JTO). While the inclusion of JTO and BONK has fueled expectations of a price rally, both tokens have seen a price decline over the past 24 hours.
01:35:02 PM IST, 8 January 2024
Crypto News LIVE: Singapore regulator grants major payments license to Upbit
Crypto exchange Upbit Singapore announced on Monday that it has received a Major Payment License from the Monetary Authority of Singapore. The approval from regulators is expected to help Upbit Singapore attract more institutional investors to the platform amid increasing regulatory scrutiny.
12:57:22 PM IST, 8 January 2024
Crypto News LIVE: Erratic Whale Behavior Causes XRP Price to Drop
Ripple's native cryptocurrency XRP is seeing a price drop, largely due to the actions of whales. XRP whales have moved over 126 million XRP tokens in the last 24 hours, of which 26.7 million tokens were transferred from an unknown wallet to crypto exchange Bitstamp. The sell-off has resulted in a decline in the price of XRP, which was at $0.55 at the time of writing and is down 1.6% in the last 24 hours.
12:17:36 PM IST, 8 January 2024
Crypto News LIVE: Shiba Inu Team Releases Step-by-Step Guide to Buying Shibarium NFTs
Amid reports that Shibarium, the Layer 2 blockchain linked to the Shiba Inu meme coin, was experiencing a decline in transactions, a member of the SHIB ecosystem took to X (formerly Twitter) and outlined steps to purchase Shibarium- based, non-fungible tokens.
12:00:31 PM IST, 8 January 2024
Crypto News LIVE: Shibarium Sees Massive Drop in Transactions
Shibarium – the Layer 2 blockchain tied to the Shiba Inu meme coin – is seeing a massive drop in transaction activity, with the cumulative transaction count dropping to 5.69 million from an average of 7 million over the past 30 days. This has led to a sharp decline in SHIB prices, with the token falling over 6% to $0.000009036 in the last 24 hours.
11:37:36 AM IST, 8 January 2024
As the Bitcoin halving approaches, where is the BTC price heading?
Historically, the price of Bitcoin has increased after each halving. A closer look at the BTC price chart revealed that the value of Bitcoin increased by almost 5200% between 2012 and 2016, while the BTC price increased by 3000% after the halving in 2016. In fact, Bitcoin reached a lifetime high of $69,000 after the 2020 halving.
11:17:20 AM IST, 8 January 2024
Crypto News LIVE: Japanese e-commerce giant Mercari will soon start accepting Bitcoin as payment
Mercari – one of the country’s largest e-commerce players – announced plans to accept Bitcoin as a payment method starting June this year. This is a move that is sure to give a boost to Bitcoin adoption in Japan. Responsibility for converting Bitcoin payments into Japanese yen lies with Melcoin, Mercari's Tokyo-based subsidiary.
10:49:37 AM IST, 8 January 2024
Crypto News LIVE: Spot Bitcoin ETFs will expose investors to “financial ruin and incalculable risk,” a former SEC official warns
Former U.S. Securities and Exchange Commission official John Reed Stark on Sunday specifically targeted Bitcoin ETF applicants, calling them “opportunistic cartels.” Stark noted that a spot Bitcoin ETF has no inherent value at all and warned that financial giants pursuing such a product are exposing investors to “financial ruin and incalculable risks” just to line their pockets.
09:47:11 AM IST, 8 January 2024
Crypto News LIVE: Polygon overtakes Solana to become third largest NFT trading platform
Data from CryptoSlam shows that Polygon overtook Solana on Sunday to become the third-largest NFT trading network. Polygon previously had a daily sales volume of $9,986,754, almost double that of Solana.
09:19:03 AM IST, 8 January 2024
Crypto News LIVE: Bloomberg Analyst Says 95% Chance of Bitcoin ETF Approval
Bloomberg senior ETF analyst Eric Balchunas predicts a positive decision on the approval of Bitcoin exchange-traded funds (ETFs) by the US securities regulator, in line with crypto community expectations. Balchunas said the probability of rejection has now dropped from 10% to 5%.
08:52:48 AM IST, 8 January 2024
Crypto News LIVE: Shiba Inu will burn 9.25 trillion tokens to limit supply
The Shiba Inu (SHIB) development team plans to burn $9.2 trillion worth of SHIB tokens in January to reduce circulating supply and increase the value of the popular meme coin. While SHIB tokens have been destroyed regularly for several months, the manual process will soon be automated.
08:40:15 AM IST, 8 January 2024
Crypto News LIVE: Honduras recognizes Bitcoin
The Prospera Special Economic Zone in Honduras recognized Bitcoin as a unit of account, making the cryptocurrency acceptable for commercial, tax and financial transactions.
08:21:14 AM IST, 8 January 2024
Crypto News LIVE: Polygon NFT Volume
The volume of Polygon NFTs has surpassed that of Solana (SOL) in the last 24 hours, making it the third largest NFT sales volume after Bitcoin and Ethereum.
08:17:35 AM IST, 8 January 2024
Crypto news LIVE: XRP ETF soon?
Rumors are circulating that an application for an XRP ETF would be filed with the US Securities and Exchange Commission (SEC) in connection with the possible approval of a Bitcoin ETF.
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