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Crypto News Updates: Bitcoin showed signs of recovery in morning trade after slipping below $42,000 on Wednesday. Bitcoin’s price rose 2.4% in the past 24 hours, surpassing $44,000. Meanwhile, hotter-than-expected U.S. jobs data dented market sentiments overall. A report from the Bureau of Labor Statistics showed an addition of 216,000 jobs during December, higher than 199,000 jobs in November. This comes as the Jan 10 deadline, set by the SEC to approve spot Bitcoin ETFs draws closer.
Meanwhile, Grayscale and VanEck filed Form 8-A — a mandatory piece of paperwork that must be filled before offering securities — with the federal regulator. In the interim, VanEck also signed a pledge to donate 5% of Bitcoin ETF profits (if approved) to support Brink for at least 10 years. Elsewhere, the Australian consumer watchdog is facing flak for sheer negligence. It failed to warn the public about the HyperVerse crypto scheme, which was flagged by several international regulators as a potential scam in the past.
Crypto News LIVE: North Korean Hackers Sweep Millions In Crypto During 2023
In 2023, North Korean cybercriminals stole approximately $600 million in cryptocurrencies, with potential estimates reaching $700 million, as reported by TRM Labs.
Crypto News LIVE: VanEck Commits 5% of Future Bitcoin ETF Profits to Crypto Developers
VanEck has signed a pledge to donate 5% of Bitcoin ETF profits (if approved) to support Brink for at least 10 years. The investment management firm has already started its support by initial $10k donation.
We’re not Bitcoin tourists at VanEck. We’re in it for the long haul. That’s why we made an initial $10k donation and signed a pledge to donate 5% of our Bitcoin ETF profits (if approved) to support Bitcoin Core devs @bitcoinbrink for at least 10 years. Your tireless dedication to…
— VanEck (@vaneck_us) January 5, 2024
Crypto News LIVE: LINK Upsurge Expected After Vodafone-Chainlink Partnership
Chainlink on Friday got Vodafone onboard as a node operator, making the telecom giant join the blockchain ecosystem. While the current LINK price is sluggish, the partnership gears significant importance for LINK price as the move can trigger a chain reaction that will place an upward demand on LINK.
Crypto News LIVE: CertiK's Twitter Account Compromise Leads to Phishing
CertiK on Friday reported a security breach incident saying that an employee was targeted with a phishing link on Twitter. The company added that no significant loss happened due to this incident with investigations continuing.
A verified account, associated with a well-known media, contacted one of our employees. Unfortunately, it appears that this account was compromised, leading to a phishing attack on our employee.
We quickly detected the breach and deleted the related tweets within minutes. Our… pic.twitter.com/aO7GQjXEz2
— CertiK (@CertiK) January 5, 2024
Crypto News LIVE: GEC Gets Regulatory Nod For DOGE-1 Test Launch Sending Dogecoin Prices Up
Dogecoin prices ascended after intellectual property firm Geometric Energy Corporation announced overcoming regulatory hurdles for its DOGE-1 project, a CubeSat mission entirely funded with Dogecoin.
Crypto News LIVE: Bitcoin Mute While Major Stock Indices Take a Back Foot
Bitcoin price has remained steady above $43,770 without clocking in major gains or losses. All major stock indices are trading in the red after the job market data beat expectations. But the dollar jumped by 0.3% on Friday surpassing 103.
Crypto News LIVE: US Dollar Index (DXY) Shoots Above 103 After US Jobs Data
US Dollar Index (DXY) surpassed 103 after NFP data was released, reflecting a resilient labour market. December growth led to Nasdaq extending losses while Dow Futures recorded almost a 100 point fall. The 10-year T-Bills trading higher.
December non-farm payrolls stronger than expected across the board. pic.twitter.com/EmBzyyLDwh
— Gary Black (@garyblack00) January 5, 2024
Crypto News LIVE: US Nonfarm Payrolls up 216,000 in Dec; Higher Than Estimates
The Labor Department’s employment report, which is a key indicator of the job market’s health, showed that unemployment held almost steady at 3.7 percent. This comes as US added 216,000 jobs in December, higher than estimates in the range of 170,000.
Crypto News LIVE: Cathie Wood's Ark Invest Sells Coinbase (COIN) Shares Worth $4 Mln
Cathie Wood’s asset management firm Ark Invest continued its selling spree, shedding over $4 million in Coinbase (COIN) shares. The move came as the deadline for Ark Invest 21Shares Spot Bitcoin ETF approval drew closer.
Crypto News LIVE: SEI Investors Suffered Over $1.5 Mln in Liquidation Losses as SEI Price Dips 3%
The Sei Network’s native token, SEI saw a nearly 3% drop in its prices, resulting in liquidation of over $1.5 million in SEI long positions in the past 24 hours. The losses even spilled over to the Dragon Ball-inspired meme coin SEIYAN, indicating that retail interest in the SEI token was fading.
Crypto News LIVE: SEC Fights Coinbase With A New Supplemental Authority Notice
The long-running dispute between the SEC and Coinbase took a dramatic turn Thursday, with the US securities watchdog filing a notice of supplemental authority with a federal court, urging it to consider the Terra ruling in the regulator’s lawsuit against the crypto exchange. It appears that the SEC seeks to use the ruling in the Terraform Labs’ case, which deemed LUNC and UST tokens unregistered securities, as a precedent in its lawsuits against Coinbase, Binance and other crypto entities.
Crypto News LIVE: SHIB Burn Rate Skyrockets 2200%, Triggers Price Surge
Nearly 5.2 million Shiba Inu (SHIB) tokens were burned in the past 24 hours, with the SHIB burn rate soaring by over 2200%. SHIB price rose nearly 2% on the news, with the meme coin trading at $0.000098 at press time.
Crypto News LIVE: BitMEX Founder Warns Crypto Is Heading For A 'Vicious Washout'
BitMEX founder Arthur Hayes said he believes the crypto industry is set for a “vicious washout” in March. While the hype around Bitcoin ETFs has spurred a rally in Bitcoin prices, Hayes warned Bitcoin prices could correct as much as 40% due to various factors, such as the Reverse Repo Program (RRP) Decline, the Bank Term Funding Program (BTFP) and the Federal Reserve’s Policy Rate Cuts.
Crypto News LIVE: Bitcoin Set To Hit $150K Post-Halving, Says "Rich Dad Poor Dad" Author
“Rich Dad Poor Dad” author Robert Kiyosaki — a long-time advocate of Bitcoin — implored his more than 2.4 million followers to pay close attention to the forthcoming Bitcoin halving event. Kiyosaki is extremely bullish on Bitcoin, and expects the OG cryptocurrency to reach $150,000 post-halving.
Crypto News LIVE: Spot Bitcoin ETFs Poised To Attract Funds Worth $10 Billion In Debut Year, Says Bloomberg Analyst
The SEC has set a Jan 10 deadline to decide whether or not to approve a spot Bitcoin ETF. Bloomberg analyst James Seyffart pegs the likelihood of this outcome at 90%. If approved, Bitcoin ETFs are estimated to rake in $10 billion in funds in the first year, according to Seyffart.
Crypto News LIVE: Bitcoin Sees Spike in Institutional Demand in US Amid Bitcoin ETF Frenzy
With the SEC on the precipice of approving a flurry of spot Bitcoin ETFs, US institutional investors are gobbling up Bitcoin like pizza. The gap between BTC prices on Coinbase and Binance have widened up to $50, signalling that US investors have stepped up buying into Bitcoin, CryptoQuant analysts said.
Crypto News LIVE: Bloomberg Strategist Expects Gold To Outperform Bitcoin In 2024
Bloomberg Intelligence Senior Commodity Strategist Mike McGlone expects Gold to outperform Bitcoin in 2024 due to uncertainties surrounding spot Bitcoin ETFs. Last year, Gold’s price surged to $2,100 per ounce in the face of recession fears. On the other hand, even as Bitcoin has appreciated nearly 160% year-to-date, it’s still an extremely volatile asset, McGlone noted.
Crypto News LIVE: Gamma Strategies Hacked, Deposits Temporarily Suspended
Ethereum-based liquidity management protocol Gamma Strategies suspended deposits on the platform after facing a security breach that led to a loss of $3.4 million in digital assets. The Gamma team claimed to have identified the root cause of incident, and assured investors that they were taking steps to prevent further losses.
Crypto News LIVE: Marathon Mulls Selling Bitcoin Stake As Halving Draws Closer
Marathon Digital Holdings is mulling over offloading some of its Bitcoin holdings, just a month after it shed 704 Bitcoin. The company wants to use the capital to cover operating expenses and improve liquidity ahead of the next Bitcoin halving. As of writing, Marathon owns 15,174 BTC and has significant cash reserves.
Crypto News LIVE: Terra Community Votes Against Proposal To Destroy 8M USTC Tokens
Terra’s proposal to burn 8 million UST stablecoins was dismissed by the Terra Luna Classic community, with several top validators voting against it. The main objective behind the proposal is to reduce the supply of USTC as they aren’t required for community initiatives.
Crypto News LIVE: Bitcoin 'Speculative and Volatile', Says Morgan Stanley CEO
Morgan Stanley CEO James P. Gorman expressed skepticism about Bitcoin’s role as a core investment, calling it “speculative” and “volatile.” While Gorman acknowledge Bitcoin’s dominance, he remained hesitant about its inclusion in traditional investment portfolios, saying Bitcoin prices are unstable due to lack of regulation.
Crypto News LIVE: Australian Regulator Faces Flak For Overlooking International Warnings on Alleged HyperVerse Scam
The Australian Securities and Investments Commission (ASIC) is facing backlash for its negligence after it failed to warn the public about the HyperVerse crypto scheme, which was flagged as a potential scam by a number of international regulators in 2021. People who invested in the purported pyramid scheme reportedly incurred heavy losses.
Crypto News LIVE: Microsoft Adds AI Key
In a remarkable development, Microsoft has introduced “AI Copilot” key to Windows keyboards. The key will have access to Microsoft’s Copilot virtual assistant.
Crypto News LIVE: Early Bitcoin ETF Approval?
Mario Nawfal shared that multiple sources are hinting at the possibility of an early approval for the Bitcoin Spot ETF applications from various filers, as early as January 5, 2024. However, chances of an early approval are slim whereas the announcement is expected certainly before January 10.
