Live crypto news updates: Last week, the Securities and Exchange Commission issued a “fear of missing out” warning to the broader public. The warning comes as the immediate Bitcoin ETF hype has lifted the cryptocurrency's global market capitalization this month. The US securities watchdog believes that even if such a product is approved, it does not necessarily mean that everyone should dip their toes into it.
As investors grow increasingly concerned about Bitcoin ETFs, a former SEC official has criticized applicants for Bitcoin ETFs, calling them “opportunistic cartels” that generate hype around a product that has no inherent value. Note that several financial giants, including the likes of BlackRock and Grayscale Investments, have made a beeline to offering spot Bitcoin products.
Meanwhile, the global cryptocurrency market fell more than 1.2% over the past 24 hours to $1.63 trillion. Bitcoin's price fell below $43,310 early in the morning, but the OG cryptocurrency has pared some losses since then. BTC is currently priced at $43,857, down 0.2% over the past 24 hours. At the time of writing, all of the top cryptocurrencies by market cap were trading in the red, with the exception of Tether (USDT) and USDC.
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06:18:18 PM EDT, January 8, 2024
Cryptocurrency News Live: Shiba Inu Whale Rallies $546 Billion in SHIB
The cryptocurrency market has seen a notable increase in interest in the Shiba Inu, a popular meme in the cryptocurrency world, due to the coin's observed whale behavior. SHIB's astonishing move of 546.34 caught the attention of cryptocurrency market fans around the world, according to data featured on Crypto Horizon.
06:01:01 PM EDT, January 8, 2024
Cryptocurrency News Live: Bitcoin ETF Participants File Amended S-1 Application, Disclose Fees
Fees for listing a Bitcoin spot exchange-traded fund (ETF) in the US have been announced by BlackRock, Fidelity and other applicants. BlackRock said in its S-1 filing that for the first 12 months, its fees will start at 20 basis points.
While asset manager VanEck and Cathy Wood's ARK Investments both disclosed fees of 0.25%, Fidelity reported fees of 0.39%.
05:36:53 PM EDT, January 8, 2024
Cryptocurrency News Live: VanEck Provides Update on S-1 Filings with the US Securities and Exchange Commission
VanEck has filed amended S-1 filings for Bitcoin exchange-traded fund applications with the U.S. Securities and Exchange Commission, raising hopes that Bitcoin ETF approval is inevitable.
05:07:19 PM EDT, January 8, 2024
Cryptocurrency News Live: Matrixport Analysts Warn of Bitcoin Price Drop
Cinnapore-based Matrixport on Monday warned traders that a decline in the price of Bitcoin (BTC) can be expected in the “next couple of weeks” as current hacking efforts may not be successful. The first bearish trading signal for Bitcoin since August 2023, according to Matrixport analysts, was placed on one of their trading signals.
04:51:04 PM EDT, January 8, 2024
Cryptocurrency News Live: Cryptocurrency Investment Products Gained $151 Million in Investment in the First Week of 2024
Investors poured $151 million into cryptocurrency investment products in the first week of 2024, with bitcoin taking the lion's share, attracting $114 million in inflows, according to data provided by CoinShares.
04:11:40 PM EDT, January 8, 2024
Cryptocurrency News Live: South Korea's Financial Supervision Authority Proposes New Rules for Cryptocurrency Distribution and Listing
South Korea's financial watchdog, the Financial Supervisory Service (FSS), has proposed new guidelines for digital assets, including issuance volume, trading and listing standards. This development came in the wake of reports that South Korea is planning to make changes to its credit financing law, in an attempt to ban the purchase of cryptocurrencies using credit cards.
03:13:37 PM EDT, January 8, 2024
Cryptocurrency News Live: Bitcoin Maximum Warns of Possible Government Seizure After Bitcoin ETF Launch
Amid speculation that the US Securities and Exchange Commission will soon give its blessing to Bitcoin ETFs, Bitcoin advocate Max Keizer has expressed concerns, saying that Bitcoin ETF holders are not completely insulated from potential government takeover. Keizer noted that the US securities regulator has the power to force any entity to liquidate Bitcoin, “seize,” “seize,” and “restrict” access to its assets.
02:10:56 PM EDT, January 8, 2024
Cryptocurrency News Live: OKX Adds BONK and JTO to Spot Trading
In a move to diversify its spot trading services, cryptocurrency exchange OKX has added Solana-based Bonk (BONK) (JTO) to its spot trading offerings. While the listing of JTO and BONK has fueled expectations of a price recovery, both tokens have seen their prices decline over the past 24 hours.
01:35:02 PM EDT, January 8, 2024
Cryptocurrency News Live: Singapore Regulator Grants Master Payment License to Upbit
Cryptocurrency exchange Upbit Singapore announced on Monday that it has obtained a major payment license from the Monetary Authority of Singapore. The regulatory approval is likely to help Upbit Singapore attract more institutional investors to the platform amid increasing regulatory scrutiny.
12:57:22 PM EDT, January 8, 2024
Cryptocurrency News Live: Erratic Whale Behavior Leads to XRP Price Drop
Ripple's native currency, XRP, is seeing a price decline, largely due to the actions of whales. XRP whales transferred more than 126 million XRP tokens in the past 24 hours, of which 26.7 million tokens were transferred from an unknown wallet to cryptocurrency exchange Bitstamp. The sell-off pushed down the price of XRP, which stands at $0.55 at the time of writing, down 1.6% over the past 24 hours.
12:17:36 PM EDT, January 8, 2024
Cryptocurrency News LIVE: Shiba Inu Team Releases Step-by-Step Guide to Buying Shibarium NFTs
Amid reports that Shibarium, the second-layer blockchain network associated with the Shiba Inu meme coin, was seeing a decline in transactions, a member of the SHIB ecosystem took to X (formerly Twitter) and outlined steps on how to purchase a coin that is not based on Shibarium. Replaceable tokens.
12:00:31 PM EDT, January 8, 2024
Cryptocurrency News Live: Shibarium Sees Massive Drop in Transactions
Shibarium – a second-layer blockchain linked to the Shiba Inu Mimi coin – is seeing a massive decline in transaction activity, with the cumulative number of transactions falling to 5.69 million from an average of 7 million in the past 30 days. This led to a sharp drop in SHIB prices, with the token falling over 6% to $0.000009036 over the past 24 hours.
11:37:36 AM EDT, January 8, 2024
With the Bitcoin halving approaching, where is the price of Bitcoin headed?
Historically, the price of Bitcoin has risen after every halving. A closer look at the BTC price chart revealed that the value of Bitcoin rose by approximately 5,200% between 2012 and 2016 while the price of BTC rose by 3,000% after the halving event in 2016. In fact, Bitcoin reached an all-time high of $69,000 after the event Half for 2020.
11:17:20 AM EDT, January 8, 2024
Cryptocurrency News Live: Japanese e-commerce giant Mercari will start accepting Bitcoin as payments soon
In a move that is sure to give a boost to Bitcoin adoption in Japan, Mercari – one of the country's largest e-commerce companies – has announced plans to start accepting Bitcoin as payments, starting in June this year. Responsibility for converting Bitcoin payments into Japanese yen falls to Melcoin, a subsidiary of Tokyo-based Mercari.
10:49:37 AM EDT, January 8, 2024
Cryptocurrency News Live: Spot Bitcoin ETFs Will Expose Investors to 'Financial Ruin and Incalculable Risks', Former SEC Official Warns
John Reed Stark, a former US Securities and Exchange Commission official, on Sunday targeted spot takers for bitcoin ETFs, calling them “opportunistic gangs.” Stark noted that a Bitcoin ETF has no inherent value at all, warning that financial giants pursuing such a product expose investors to “financial ruin and untold risk” — just to line their pockets.
09:47:11 AM EDT, January 8, 2024
Cryptocurrency News Live: Polygon Leapfrogs Solana Will Become the Third Largest NFT Trading Platform
Polygon overtook Solana to become the third-largest NFT trading network on Sunday, data from CryptoSlam showed. Polygon previously reported daily sales volume of $9,986,754, nearly double Solana's.
09:19:03 AM EDT, January 8, 2024
Cryptocurrency News Live: Bloomberg Analyst Points to 95% Odds of Bitcoin ETF Approval
Eric Balchunas, senior ETF analyst at Bloomberg, expects a positive decision on the approval of Bitcoin exchange-traded funds (ETFs) from the US securities watchdog, in line with the expectations of the cryptocurrency community. The probability of rejection has now dropped from 10% to 5%, Balchunas said.
08:52:48 AM EDT, January 8, 2024
Cryptocurrency 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 in SHIB tokens in January in an attempt to reduce the circulating supply and raise the value of the popular meme coin. While SHIB tokens have been destroyed continuously since the past few months, the manual process will soon be automated.
08:40:15 AM EDT, January 8, 2024
Crypto News Live: Honduras Recognizes Bitcoin
The Prospera Special Economic Zone in Honduras has recognized Bitcoin as a unit of account, making the cryptocurrency acceptable for commercial, tax and financial transactions.
08:21:14 AM EDT, January 8, 2024
Crypto News Live: Polygon NFT Size
The volume of Polygon NFTs has surpassed that of Solana (SOL) in the past 24 hours, making it third behind Bitcoin and Ethereum in NFT sales volume.
08:17:35 AM EDT, January 8, 2024
Cryptocurrency News Live: XRP ETF Coming Soon?
There are rumors that an application for an XRP ETF will be submitted to the US Securities and Exchange Commission (SEC), in the context of the possible approval of a Bitcoin ETF.
