Today's Crypto News Live Updates: Coinbase continued its arguments to dismiss the lawsuit, arguing that the SEC was overreaching in regulating cryptocurrencies with outdated securities laws. Judge Failla was forceful in taking on the SEC over its lack of understanding of digital assets and their use to define an investment contact. Failla concluded the hearing by making it clear that she would not rule from the bench and for both parties to regard this as a “courtesy.”
The market cap of cryptocurrencies fell more than 1% to $1.68 trillion as altcoins pared their gains in the past few days. The Bitcoin price chart looks weak, falling 1% to fall further to $42,200, with a complete lack of trading volume. Top altcoins, including Ethereum, lost support, with Ethereum price down 2% at $2,520. Solana's price is fixed near $100.
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02:40:35 PM IST, 18 January 2024
Cryptocurrency News Live: Ripple CTO Franklin Templeton Reflects on XRPL's Potential
A recent post shared by global asset manager Franklin Templeton, Ripple's CTO, David Schwartz, is in line with the company's positive stance on XRPL.
02:25:52 PM EDT, January 18, 2024
Cryptocurrency News Live: Net inflows from Bitcoin ETFs approach $3 billion on day 4
According to recent market data revealed by BitMEX Research, the net inflows of Bitcoin ETFs on the fourth day equaled $2.9 billion, excluding GBTC. The three largest ETF providers are BlackRock, Fidelity, and Bitwise.
01:59:23 PM EDT, January 18, 2024
Cryptocurrency News Live: Binance Reveals Launch of USDⓈ-M WIF Perpetual Contract
Binance Futures recently revealed the company's plan to launch a USDⓈ-M WIF perpetual contract on January 18 at 14:15 (UTC), with leverage of up to 50x.
01:34:29 PM EDT, January 18, 2024
Cryptocurrency News Live: XRP Whale Dumps 46 Million XRP on CEX Exchanges
According to data revealed by blockchain tracking platform Whale Alert, an unknown wallet address recently transferred 26.1 million XRP to Bitstamp, while it transferred 20.1 million XRP to Bitso.
12:28:36 PM EDT, January 18, 2024
Cryptocurrency News Live: Thailand's Securities and Exchange Commission liberalizes restrictions on investing in digital tokens
The Thai Securities and Exchange Commission recently ruled out plans to deregulate digital token investments. With this, the regulatory body aims to foster a new era for cryptocurrency market fanatics within the country, and aspires to a more revolutionary cryptocurrency infrastructure.
12:08:05 PM EDT, January 18, 2024
Cryptocurrency News Live: BNB Bridge Scalper Liquidated
According to recent data revealed by PeckShield Alert, the BNB Bridge exploiter has been liquidated. This liquidation involved 5.82 million vBNB, worth $42 million, by whitelist liquidator 0x0870…cf43.
11:37:18 AM EDT, January 18, 2024
Cryptocurrency News Live: Wallet linked to TRON founder Justin Sun withdraws significant assets from Binance
TRON founder Justin Sun's wallet address is 0x9fcc… He recently withdrew $3.54 million worth of digital assets from Binance. According to on-chain data, these assets included LINK, FLOKI, MANA, SHIB, and BAND.
11:17:27 AM EDT, January 18, 2024
Cryptocurrency news live: Shiba Inu community dumps 25 million SHIB in its dead wallet
According to the latest on-chain data revealed by Shibburn, the Shiba cryptocurrency community has transferred a staggering 25.01 million SHIB to a dead wallet.
11:02:22 AM EDT, January 18, 2024
Crypto News Live: MAS Rejects Bitcoin Spot Bitcoin ETF Listing in Singapore
The Monetary Authority of Singapore recently stated that it will not allow a Bitcoin exchange-traded fund to be listed within the country. The decision follows the country's continued stance on cryptocurrencies, declaring that digital currencies such as Bitcoin are an ineligible asset for a Singapore ETF. However, retail investors in the country can still buy them through licensed brokers.
10:12:25 AM EDT, January 18, 2024
Cryptocurrency News Live: Donald Trump opposes the launch of a US central bank digital currency
US presidential candidate and former President Donald Trump has promised to “never allow” the Federal Reserve to create a central bank digital currency (CBDC).
“As your president, I will never allow the creation of a central bank digital currency. Such a currency would give the federal government absolute control over your money.
09:37:34 AM EDT, January 18, 2024
Cryptocurrency News Live: TUSD Unpegged at $0.971
Stablecoin TrueUSD (TUSD) unpegged to a low of $0.9715 amid heavy selling and sideways challenges. The market capitalization fell to $1.86 billion.
09:20:39 AM EDT, January 18, 2024
Cryptocurrency News Live: Bar Bans Customers From Selling Cryptocurrency Mining Hardware
The cryptocurrency community has criticized Stripe's move to block its customers from selling cryptocurrency mining hardware.
09:08:33 AM EDT, January 18, 2024
Cryptocurrency News Live: Coinbase's CLO Returns to the SEC
Paul Grewal, chief legal officer at Coinbase, has made a series of attacks at the SEC regarding the overreach. “The SEC cannot unilaterally expand and redefine its regulatory scope,” Grewal said. “This should be left to Congress and the ongoing legislative discussions on regulatory frameworks currently underway.”
09:04:41 AM EDT, January 18, 2024
Crypto News Live: Franklin Templeton has his eyes on Ethereum and Solana
Franklin Templeton is setting his sights on the benefits of the layer-one blockchain Solana and Ethereum, after recently focusing on Bitcoin. “We believe that as blockchain fees and performance improve, the potential use cases that are opened up grow exponentially. The improvement in economics and experience for the end user cannot be overstated.
