Crypto News Updates: US Securities and Exchange Commission Chair Gary Gensler released an official statement on Friday, admitting that an “authorized party” breached the agency’s X account to make a fake announcement that spot Bitcoin ETFs were approved. While the unauthorized party had made a second post on X, that only said “$BTC”, it was later deleted.
The OG cryptocurrency Bitcoin plunged over 7% in the last 24 hours, falling to $42,667. Smaller coins, or altcoins, also nosedived, sending the global crypto market cap tumbling to $1.68 trillion.
Meanwhile, some customers of Vanguard are closing their accounts and transferring their assets to other platforms that provide Bitcoin ETFs, as a dissatisfaction over the lack of available options has created a sour taste for them. This comes after Vanguard pulled out existing bitcoin futures products from its brokerage offerings.
Crypto News LIVE: BlackRock Now Holds Bitcoin ETFs Worth $497 Million
In a but the dip event, Blackrock now holds 11,439 $BTC worth over $497 million for their spot Bitcoin ETFs.
Crypto News LIVE: Vietnam Emerges as the Region with Fastest Crypto Growth Rate
Vietnam is the crypto region with the fastest growth rate in the globe, according to latest study from Chainalysis. Vietnam made waves in the cryptocurrency sector by ranking third in the 2023 Global Crypto Adoption rankings, despite regulatory prohibitions on the use of virtual money for financial transactions.
Crypto News LIVE: SEC May Not Approve Ethereum ETFs in Near Term: TD Cowen
According to The Block, The U.S. Securities and Exchange Commission will probably not certify spot Ethereum exchange-traded funds in the foreseeable future, says investment bank TD Cowen. Approving such money has an initial May deadline.
Crypto News LIVE: Buy Gold, Silver and Bitcoin, Says Robert Kiyosaki
Rich Dad, Poor Dad author Robert Kiyosaki on a post on platform X asked investors to but safer assets. He asked people to “But gold, silver and Bitcoin”.
Since the start of the latest NFL football season the national debt has gone up another $ trillion. WTF. Please buy more gold, silver, and Bitcoin. Take care. Protect your self from our financially corrupt and incompetent leaders.
— Robert Kiyosaki (@theRealKiyosaki) January 13, 2024
Crypto News LIVE: Crypto Stocks Biggest Losers This Week
This week, one insurer and four equities related to cryptocurrencies have experienced the most declines in the financial industry. Positively, the top five gainers were represented by three asset managers, one bank, and three insurers.
Crypto News LIVE: Bitcoin worth $76 Million Transferred in a Whale Transaction
A fade out in Bitcoin prices post the SEC approval has been motivating more and more people to but the dip. In one such whale transaction, Bitcoins worth $76 million were transferred from Coinbase to an unknown account.
🚨 🚨 🚨 🚨 1,753 #BTC (76,427,402 USD) transferred from #Coinbase to unknown wallethttps://t.co/zABfLIzhX8
— Whale Alert (@whale_alert) January 12, 2024
Crypto News LIVE: Peter Schiff Sees a fall in Bitcoin Prices
Following the historic introduction of eleven Bitcoin Exchange-Traded Funds (ETFs) in the US, there was a notable amount of volatility in the cryptocurrency market, and Bitcoin’s value dropped precipitously. Peter Schiff, a well-known economist and cryptocurrency skeptic, has voiced concerns on the future of Bitcoin, especially for investors in these recently introduced ETFs. In less than a day after the ETF’s launch, Bitcoin’s value fell from $49,000 to just under $42,000. Schiff made these remarks.
Crypto News LIVE: VanEck Drops New Bitcoin Commercial
VanEck has released a new bitcoin ETF commercial highlighting the how lost cost ETFs can make almost everyone a part of Bitcoin ETFs.
🟠 VanEck drops a new #Bitcoin ETF commercial pic.twitter.com/Aw4WH7Jbu8
— Bitcoin Archive (@BTC_Archive) January 13, 2024
Crypto News LIVE: SEC's Take on Ethereum Sparks Concerns on Ethereum ETF
With SEC Chair Gary Gensler weighing caution on how he defines Ethereum, markets are now speculating the prospects of Ethereum ETF. The SEC may not be prepared to officially distinguish Ethereum from the prospective security designation, which would necessitate that all of its transactions be either registered or exempt from registration, based on Gensler’s cautious wording.
Crypto News LIVE: "Will Never Buy Bitcoin ETF”: Kevin O’Leary
Tycoon Kevin O’Leary Claims “He Will Never Buy Bitcoin ETF”. He did, however, forecasts that by 2030, the price of Bitcoin may increase to between $150,000 and $250,000.
Crypto News LIVE: Cathie Woods calls Vanguard's Move to Exclude Bitcoin ETFs as Terrible
ARK’s Cathie Wood, in an interview with Yahoo Finance, expressed her concerns over Vanguard dev its users of Bitcoin ETFs. According to Cathie Wood, Vanguard’s move to exclude its clients from accessing Bitcoin ETFs is “terrible.”
“Among other things, they are going to rob the investors of the first global, decentralized monetary system in history” she adds.
Crypto News LIVE: Analysts View the Dip in Bitcoin as a Buying Opportunity
Analyst opinions have diverged as a result of the recent volatility in the cryptocurrency market, particularly with regard to the price of Bitcoin. Even if the price of Bitcoin (BTC) dropped 7% after the Bitcoin ETF was approved, seasoned cryptocurrency analysts are still bullish.
Prominent industry commentators, meanwhile, see this decline as a big opportunity to purchase and predict a spike that may push Bitcoin to $200,000.
Crypto News LIVE: BlackRock's Bitcoin ETF Surpasses $497 Million in Funds
After just two days of trading, BlackRock’s Bitcoin ETF already has $497 million in funds.
Crypto News LIVE: Tech Giant Apple Might Face Legalities Over Blocking Competition
Apple has traditionally eschewed the antitrust issues that the government has imposed on competitors in the Big Tech space, such as Amazon, Google, and Meta.
According to Yahoo Finance’s reports, the Justice Department is nearing a decision on whether to launch a broad legal proceeding against Apple, which may exacerbate challenges that the most valuable business in the world is already facing after a difficult start to the year. The legal proceedings will likely examine if Apple is blocking competition in the markets.
Crypto News LIVE: Justin Sun Celebrates $50 Billion USDT Supply on TRON Network
After TRON founder Justin Sun highlighted the community’s astounding advancements in the cryptocurrency space on Saturday, it seems that the TRON community has made some significant strides in the wider industry. The Chinese-born Grenadian cryptocurrency entrepreneur Justin recently thanked the TRON community for noting a notable rise in USDT circulating supply on the Tron network in a post on the social media site X.
Crypto News LIVE: Binance Warns Indian Customers Against the Use of VPN to Access their
After Indian finance ministry sent a notice to Binance and several other crypto firms for allegedly operating illegally in the country, users of the platform have been trying to use their accounts via VPN. However, Binance has warned users against the parctise. Users that utilize a VPN to access the exchange should avoid doing so, according to Binance, since this could result in account suspension.
💰 Binance said users should not use a VPN to access the exchange, This could lead to the suspension of their accounts.
Since the Indian 🇮🇳 gov banned Binance, Kucoin, Mexc, and a few other URLs, there has been a significant increase in people using VPNs to access these exch… pic.twitter.com/aY1s9OwT3S
— CMNisal (@CMNisal) January 13, 2024
Crypto News LIVE: Vanguard Customers Shift Accounts Amid Lack of Bitcoin ETF Availability
Some customers of Vanguard are closing their accounts and transferring their assets to other platforms that provide Bitcoin ETFs, as a dissatisfaction over the lack of available options has created a sour taste for them. This comes after Vanguard pulled out existing bitcoin futures products from its brokerage offerings.
Crypto News LIVE: Gary Gensler Admits US SEC's X Account Was Breached By 'Unauthorized Party'
US Securities and Exchange Commission Chair Gary Gensler on Friday admitted the agency’s X account was breached by an “unauthorized party” which gained control of a phone number linked to it. Gensler also mentioned that the unauthorized party had shared two posts on X. While the first post announced the SEC’s approval of spot Bitcoin ETFs, the second said “$BTC”. However, the second post was later deleted.
Crypto News LIVE: Vietnam Might Start Using XRP For Cross-Border Payments Around the World
According to Dizer Capital founder and crypto celebrity Yassin Mobarak, Ripple’s native cryptocurrency XRP will transform Vietnam’s payment landscape. The remarks came amid claims that the Vietnamese government has hinted at the possibility of using XRP for cross-border payments within the country and overseas.
$XRP will be big in Vietnam. https://t.co/FHSewyMoW5
— Yassin Mobarak 🪝 (@Dizer_YM) January 13, 2024
Crypto News LIVE: Ethereum Whale Move ETH Worth $37 million To Coinbase
An Ethereum whale shifted some 15,000 ETH, valued at around $37 million, to Coinbase, triggering speculation about the transaction’s impact on ETH prices. ETH prices fell nearly 1.5% over the last 24 hours to $2554.
Crypto News LIVE: Indian Investors Are Leaving Binance Amid Fresh Regulatory Scrutiny
Indian investors are leaving the world’s largest cryptocurrency exchange Binance, with users withdrawing funds from the platform to make deposits on rival firms like WazirX and CoinDXC, Bloomberg reported. This comes just days after the Indian finance ministry sent a notice to Binance and several other crypto firms for allegedly operating illegally in the country.
Crypto News LIVE: OKX To Adjust Component Weightings Across Multiple Indices
Crypto exchange OKX plans to make changes to the components and weights of several indices in a bid to improve market liquidity and stability. As per OKX’s announcement, the adjustments will be made from 6:00 am to 8:00 am UTC on January 18, 2024.
Crypto News LIVE: Venezuela Cancels Digital Currency 'Petro'
In 2018, Venezuela became the first country to introduce its own cryptocurrency ‘petro‘ to counter US sanctions and revive its faltering economy. Six years later, Venezuela has announced it would scrap petro, effective Jan 15. Petro was in the middle of a graft scandal last year, and several rating bodies had red-flagged it as a “scam.”
Crypto News LIVE: GameStop To Wind Down NFT Marketplace Amid Tightened Regulations
Video game retailer GameStop is pulling the plug on its NFT marketplace amid heightened regulatory scrutiny. As per a recent statement on its website, the GameStop’s NFT marketplace will terminate operations, effective Feb 2, 2024.
Crypto News LIVE: Genesis Agrees To Pay $8M Fine for Compliance Violation
Crypto brokerage firm Genesis has agreed to pay $25 million penalty to settle New York State Department of Financial Services allegations that there were loopholes in its anti-money laundering and cybersecurity programs, The Wall Street Journal reported.
Crypto News LIVE: MicroStrategy Co-Founder Michael Saylor Dumped Company Shares Ahead Of Bitcoin ETF Approval
MicroStrategy co-founder Michael Saylor reportedly offloaded company shares worth nearly $20 million between Jan 2 and Jan 10, the first time in almost 12 years, when the US SEC was deciding whether or not to approve exchange-traded funds tracking Bitcoin.
Crypto News LIVE: Vanguard Double Downs On Its Anti-Bitcoin ETF Stance
Asset management giant Vanguard has stepped up its offence against the newly-launched spot Bitcoin exchange-traded funds. After blocking clients from buying Bitcoin ETFs on the platform, it is pulling out existing bitcoin futures products from its brokerage offerings.
Crypto News LIVE: 'Vanguard's Anti-Bitcoin ETF Stance Will Soften In The Coming Years': Bloomberg Analyst
While exchange-traded funds tracking Bitcoin have been granted approval in the US, Wall Street giant Vanguard is not very happy about it. Earlier this week, it blocked clients from buying spot Bitcoin products. However, Bloomberg ETF analyst Eric Balchunas opines that the asset manager will change its anti-Bitcoin ETF stance in the next few years.
Vanguard’s anti-bitcoin ETF stance is totally on brand and would’ve made Bogle proud. That said, I think they will soften in the coming years as they build their advisory biz, they’ll need to have access to alts. They recently got into PE for this reason. I wrote about it today. pic.twitter.com/AFaD85B5ZR
— Eric Balchunas (@EricBalchunas) January 12, 2024
Crypto News LIVE: Citigroup To Lay Off 20,000 Employees By 2026
Citigroup is planning to lay off 20,000 employees by the end of 2026 as part of a restructuring plan. The job cuts will affect 10% of the company’s 200,000-strong workforce, The Wall Street Journal reported.
Crypto News LIVE: Crypto Traders Suffer Over $270 Million In Liquidation Losses Amid Panic Selling
Cryptocurrency traders suffered over $270 million of losses from liquidations amid market rout as major digital assets slipped. According to data from CoinGlass, more than $272 million of long positions, traders who bet that prices would surge, were wiped out in the last 24 hours.
'We Did Not Approve Bitcoin Itself': SEC Chair Gary Gensler
While the Securities and Exchange Commission approved US-listed Bitcoin exchange-traded funds, the agency’s chairman Gary Gensler reiterated its stance that Bitcoin itself is “highly volatile”. “Bitcoin, itself, we did not approve, we did not endorse,” Gensler was quoted as saying by Fortune.
Crypto News LIVE: BTC Price Tumbles 7.5% Amid Bitcoin ETF Hype
The OG cryptocurrency Bitcoin tanked more than 7.5% in the past 24 hours, and last changed hands at $42,474. The subdued sentiment was reflected in the global crypto market cap, which fell nearly 6% to $1.67 trillion.
Crypto News LIVE: Spot Bitcoin ETFs Notch $3.1 Billion On Day 2 of Trading
The US-listed exchange-traded funds tracking Bitcoin recorded a combine trading volume of over $3.1 billion on the second day after launch. Grayscale’s Bitcoin ETF was the top performer, with a total trade volume of $1.8 billion.
