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Crypto News Updates: The global crypto market cap stays at $1.68 trillion, rising just 0.50% over the last 24 hours. Bitcoin price continues to trade range-bound between $42,100-$43,200 without any sufficient increase in trading volume. Ethereum price on the other hand is trading at $2,518, up 0.50% in the last 24 hours, with the trading volume falling continuously.
Solana Mobile plans to launch a second smartphone with different hardware and a lower price to meet the demand in the secondary market. Following the success of the first model Saga, the second smartphone will have similar basic features. It will include a built-in crypto wallet, custom Android software, and a “dApp store” for crypto applications.
In crypto news, Binance, the world’s leading cryptocurrency exchange, recently secured licensing to facilitate crypto trading and brokering services in Thailand.
Meanwhile, global technology company Stripe has closed Bitsaga accounts that sell Bitcoin mining hardware. The move garnered a massive backlash for the company.
Crypto News LIVE: Reserves Held By Tether are Real: Cantor Fitzgerald CEO
Cantor Fitzgerald has reportedly examined a portion of Tether’s balance sheet and verified that the company does, in fact, have the money it claims to, according to CEO Howard Lutnick.
Cantor Fitzgerald has reviewed some of Tether's balance sheet and confirmed it holds the money it says it does, says CEO Howard Lutnick https://t.co/rghbgRa1MM
— Bloomberg Crypto (@crypto) January 16, 2024
Crypto News LIVE: European Banking Authority Extends Money Laundering Laws to Digital Assets
The guidelines on risk factors for money laundering (ML) and terrorist financing (TF) were extended to crypto-asset service providers (CASPs) by the European Banking Authority (EBA) today. The revised guidelines, which represent a significant advancement in the EU’s battle against financial crime, underline ML/TF risk indicators and mitigation measures that CASPs must take into account.
Crypto News LIVE: AI Will be "Fine" No Matter Who the Next President Is: Sam Altman
Sam Altman, CEO of OpenAI, believes that artificial intelligence and the US will prosper regardless of the next president.
"I believe that America is going to be fine, no matter what happens in this election"
OpenAI CEO Sam Altman says that whoever the next US president is, the country — and artificial intelligence — will be OK, as he speaks at #BloombergHouse in Davos https://t.co/3EGsNIAxwg pic.twitter.com/KfKsIq28y7
— Bloomberg Crypto (@crypto) January 16, 2024
Crypto News LIVE: WalletConnect Introduces Web3Inbox for Notifications on Blockchain Projects
WalletConnect has announced the release of Web3Inbox, a cutting-edge alert tool designed just for Web3 customers. This platform is intended to revolutionize the Web3 community’s present communication environment by streamlining the way updates for followers of blockchain initiatives are received.
Crypto News LIVE: Animoca Brands Introduces New Decentralized Chess Game
An innovative decentralized chess game called Anichess has been released by Hong Kong-based Web3.0 company Animoca Brands as their most recent foray into the decentralized gaming space. According to the release, this action promises a new era of transparent and safe gaming and represents a key milestone at the junction of blockchain technology and classic board games.
Crypto News LIVE: German Parliamentarian Announce Bitcoin Training Event
In an effort to familiarize her colleagues with Bitcoin, German parliamentarian Joana Cotar has announced that there will be a “Bitcoin in the Bundestag” event next month.
Crypto News LIVE: Grayscale Allegedly Deposited Bitcoin Worth $385 Million to a Coinbase Amount
Grayscale allegedly deposited $385 million worth of Bitcoin to an address associated with Coinbase Prime. The address that is currently listed as Grayscale is still holding 617,000 Bitcoin, or $26.22 billion.
Grayscale sent another 9k BTC worth $385 million to a suspected Coinbase Prime deposit address 20 minutes ago. The currently marked Grayscale address still holds 617,000 BTC, worth $26.22 billion.https://t.co/79xyMqJylW https://t.co/oj9Yb0rkXy
— Wu Blockchain (@WuBlockchain) January 16, 2024
Crypto News LIVE: Nasdaq Report Shows $3 Trillion Illicit Fund Flow in 2023
Nasdaq analysis indicates that over $3 trillion in illicit funds passed through the world banking system in 2023. The breakdown is as follows: $346.7 billion is involved in people trafficking, $782.9 billion in drug trafficking, and $11.5 billion is used to finance terrorism.
Additionally, losses from other fraud scams and bank fraud schemes totaled $485.6 billion globally.
Crypto News LIVE: Analyst Plans to Invest in ETH Amid BTC Sell Off
Popular cryptocurrency analyst Crypto Rover on X and YouTube said recently that he is thinking about investing in Ethereum during a big selloff in Bitcoin. He also mentioned that the upside of ETH is greater than that of BTC. He made a connection between this and the impending Spot Ethereum ETFs.
Crypto News LIVE: Bitcoin ETF Adoption to be Affected by Hong Kong: Arthur Hayes
The influence of China and Hong Kong on Western investors’ acceptance of American Bitcoin ETFs is critical, according to BitMEX Co-Founder Arthur Hayes. He foresaw possible obstacles and rivalry for the American Bitcoin ETFs in Western markets in a blog post. Furthermore, Hayes pointed out that comparable products are scheduled for release in the West, which could pose a threat to the growth of the acceptance of Bitcoin ETFs.
Crypto News LIVE: Bloomberg Analyst Shares Market Share of Registered US Fund Assets
Bloomberg analyst Eric Balchunas says Vanguard has surpassed its competitors. Having achieved a 27% share via $7.2T in aum, Vanguard surpasses all other competitors and doubles the previous historical high water mark, which was last held by Fidelity in the 1990s.
Here's a look at the historical market share of all registered US fund assets, Vanguard is in league of own with 27% share via $7.2T in aum, double anyone else and double the old historical high water mark last held Fidelity in the 90s. pic.twitter.com/3hqmzXjCH8
— Eric Balchunas (@EricBalchunas) January 16, 2024
Crypto News LIVE: Bitcoin Prices to Be Above $170K By 2025: Anthony Scaramucci
Bitcoin Halving and ETF will probably see prices of the crypto currency rise, said Anthony Scaramucci. The hedge fund chief expects Bitcoin prices to be above $170,000 by 2025, helped by these factors.
Crypto News LIVE: Bitcoin ETFs are Not Bitcoins: BitMEX Founder
BitMEX founder on Tuesday said that “Bitcoin ETFs are not Bitcoin.” Marking a clear demarcation between the two, Arthur Hayes said “To earn fiat (ETFs), you pay for it with fiat money.
Crypto News LIVE: 2024 Will Be Big: Ripple CEO
Ripple CEO expects 2024 to be “big”. In a post on platform X, Brad Garlinghouse posted his excitement ahead of an interview with Bloomberg.
BREAKING 🚨🚨 2024 IS GOING TO BE BIG Says Brad Garlinghouse #Ripple CEO. #XRP 💥💥🚀🚀🚀 pic.twitter.com/lSkKNqt9nZ
— XRP CAPTAIN (@UniverseTwenty) January 16, 2024
Crypto News LIVE: Stablecoins to Support U.S. Dollar Amid De-Dollarization: MS
In light of worries over de-dollarization, major financial firm Morgan Stanley believes stablecoins will support the US dollar (USD). The financial firm also analyzed the threats that the emergence of digital currencies poses to the US dollar. It also emphasized the worldwide initiatives to advance de-dollarization.
Crypto News LIVE: WazirX Co-Founder Raises Concern Over TDS Laws in India
WazirX co-founder expressed his concerns over the Indian government’s decision to tax an extra 1% from crypto firms. In an interview with local media organization, Nischal Shetty said that the extra 1% TDS is having a severe effect on rate of crypto adoption in India.
Crypto News LIVE: XRP Related Whale Transactions Shot Up with a $254 Million Transaction
In another upscale tick, Ripple-Labs backed XRP token saw another whale transaction worth $254 million. XRP token amounting to about 443.1 million were transferred into an unknown wallet in a parabolic market.
Crypto News LIVE: Jupiter to Debut JUP Token by End of January
According to The Block, Jupiter, a decentralized exchange aggregator based in Solana, has announced that the debut of its governance token, JUP, is scheduled for January 31. The project’s initial phase involves the airdrop of about one million cryptocurrency wallets.
Crypto News LIVE: Stripe Closes Mining Hardware Seller Bitsaga's Account
Global technology company Stripe has closed Bitsaga accounts that sell Bitcoin mining hardware. The move has stirred backlash for the tech firm with users saying that Bitcoin mining is a technological freedom and taking it away is just like censorship.
BREAKING‼️ @stripe has closed the account of Bitsaga for selling #Bitcoin mining hardware.
🤨
Hey Stripe – you’re supposed to be a technology company.cc: @patrickc @collision pic.twitter.com/nfaKGc47R8
— Bitcoin Archive (@BTC_Archive) January 16, 2024
Crypto News LIVE: TrueUSD Depegs Following Whale Dumps
The global crypto market witnessed a thrilling plot twist today, as the stablecoin, TrueUSD, recorded a significant de-pegging chronicle amidst regulatory challenges. As per market charts, the stablecoin’s value noted a substantial 1.4% decline, invoked by whale dumps causing noteworthy outflows.
Crypto News LIVE: Dogecoin Whale Shuffles 990 Mln DOGE, Sparks Speculations
As per on-chain data revealed by the blockchain tracking platform Whale Alert, a staggering 990 million DOGE, worth $79.75 million, was shuffled between unknown wallets today. Furthermore, the whale transaction birthed additional inferences as it emerged amid DOGE’s marginal price jump.
Crypto News LIVE: Bitget Unveils Spot P2P Market
In a cyclone of breakthroughs witnessed across the global crypto realm, Bitget, an eminent cryptocurrency exchange, announced the launch of Spot P2P Market, a trading product. The integration of this trading product zeroes in on facilitating users’ early access to tokens not listed on major CEXs.
Crypto News LIVE: XAI Price Sprints Past $1, Here's Why
XAI, a native token of the Xai blockchain, gained significant traction across the broader crypto market today as the token’s price recently jumped past $1. The reasons for this phenomenal surge remain primarily attributed to Binance’s recent listing chronicle, followed by the token’s inaugural airdrop last week.
Crypto News LIVE: BitMEX Founder Arthur Hayes Cracks Down On Bitcoin ETFs' Success
BitMEX founder Arthur Hayes recently issued a statement cracking down on the intricacies orbiting Bitcoin ETFs’ success. According to Hayes, the price discovery is preparing for a tidal shift as the spot ETFs gain noteworthy popularity across the market. As numerous fund managers continue to launch global distribution networks, the trading volume of ETFs is readying itself for a substantial surge.
Crypto News LIVE: Terra Classic Community Unveils Core Security Upgrades
The Terra Classic crypto community recently issued a statement highlighting key security package upgrades. The scope of these upgrades aims at critical security risks orbiting Cosmos SDK, Comet BFT, Wasm module (wasmd), and Wasm Virtual Machine (wave), among many others. With the successful completion of these upgrades, the Terra community eyes a more secure, stable, and robust infrastructure needed for TFL support.
Crypto News LIVE: Vodafone Secures $1.5 Bln Pact With Microsoft, Eyes AI Advancement & More
Vodafone recently entered into a 10-year merger with Microsoft to foster the development of Generative AI services across the European and African markets. This aims to aid more than 300 million businesses and consumers primarily. With the staggering $1.5 billion investment in Microsoft’s Azure OpenAI, Vodafone now eyes the development of a profoundly better consumer-focused AI experience, among many others.
Crypto News LIVE: XRP Whale Shifts Over 25 Mln XRP To Bitstamp
XRP, a token backed by Ripple-Labs, gains significant traction today as it jotted down a colossal whale transfer, shifting 25.5 million XRP, worth $14.75 million, to a CEX, Bitstamp. The transfer promptly nabbed global attention, as it emerged post-Bitfinex’s chronicle, adding further inferences for the token.
Crypto News LIVE: Gulf Binance Unveils Binance TH, Revolutionizes Crypto Trading In Thailand
Binance, the world’s leading cryptocurrency exchange, recently secured licensing to facilitate crypto trading and brokering services in Thailand.
Notably, upon the successful approval of Thailand’s Ministry of Finance and the green light shown by SEC Thailand, Gulf Binance launched its trading and brokering platform, Binance TH, for Thai users today.
Crypto News LIVE: OKX Secures VASP License From Dubai Regulators
OKX Middle East Fintech, the Dubai subsidiary of OKX, strengthens its global stance on digital assets by securing a VASP (Virtual Asset Service Provider) license from Dubai’s VARA (Virtual Assets Regulatory Authority).
Crypto News LIVE: Vivek Ramaswamy Suspends Republican Campaign, Endorses It To Trump
Vivek Ramaswamy, the U.S. Presidential Candidate, ends his pursuit of the White House according to a recent post on X. Notably, upon facing a setback in the Iowa caucuses, the Republican Party candidate embarked on the decision to hand over the campaign to Donald J. Trump, backing his run.
Crypto News LIVE: SHIB Burn Jumps 600% As Community Shifts Over 34 Mln Coins To Dead Wallet
In a gust of developments orbiting Shiba Inu, the meme coin’s burn rate surged 609% today, whereas the Shiba crypto community itself incinerated a staggering 34.24 million SHIB. The total number of SHIB coins burnt over the past 24 hours now equals 36.37 million.
Crypto News LIVE: Tether Challenges UN Report On USDT Use In Illicit Activity
Tether disagrees with United Nations’ report on USDT use for illicit activities, including money laundering and fraud in Southeast Asia. CEO Paolo Ardoino said “Education on Blockchain technologies is very much needed at all levels.”
Crypto News LIVE Updates: IMF Considers Crypto As Asset Class, Not Money
International Monetory Fund (IMF) managing director Kristalina Georgieva in an interview says ‘Our view is that we have to differentiate between money and assets. When we talk about crypto, we are actually talking about an asset class.”
Crypto News LIVE: Manta Network "Into the Blue" Airdrop Opens Jan 18
Binance Labs-backed Manta Network’s “Into the Blue” airdrop opens January 18. The Into the Blue will reward 50 million MANTA tokens, accounting for 5% of the total supply.
Crypto News LIVE: Crypto Market Saw $85 Million In Liquidation
The crypto market recorded $85 million in liquidation over the last 24 hours. Almost $48 million longs and $37 million shorts were liquidated, indicating continuation of sideways movement in the market today.
Crypto News LIVE: HashKey Group Completes Nearly $100 Million Funding
HashKey Group announced the completion of nearly $100 million in Series A financing at a pre-money valuation of more than $1.2 billion. In addition to the active subscription and support from existing shareholders, new investors in this round of financing include large institutional investors, leading Web3 institutions, and strategic partners.
🔥BIG NEWS!
We are proud to announce the completion of a Series A financing round of nearly 💰US $100 million at a pre-money valuation above 💰US $1.2 billion.
The newly raised capital will be used to :
🗝️Solidify HashKey's #Web3 ecosystem
🗝️Accelerate the product… pic.twitter.com/EgpWA04SRN— HashKey Group (@HashKeyGroup) January 16, 2024
Crypto News LIVE Updates: Solana To Launch Second Mobile Phone
Solana Mobile plans to launch a second smartphone with different hardware and lower price. It will have a similar basic features to the first smartphone, with built-in crypto wallet, custom Android software and a dApp store.
