Crypto News LIVE Updates: The crypto market was awash with red during morning hours in Asia on Saturday. The OG cryptocurrency Bitcoin plunged over 7% in the last 24 hours, falling to $43,068. Smaller coins, or altcoins, also fell. The global crypto market cap shrunk by nearly 5% to $1.69 trillion.
Meanwhile, spot Bitcoin ETFs managed to clear $3.1 billion worth of volumes on day 2 of trading. On the listing day, they had clocked trade volumes of over $4.6 billion.
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02:49:36 PM IST, 13 January 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.
02:25:31 PM IST, 13 January 2024
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.
01:59:07 PM IST, 13 January 2024
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.
01:33:25 PM IST, 13 January 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.”
01:06:03 PM IST, 13 January 2024
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.
12:31:56 PM IST, 13 January 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.
12:01:28 PM IST, 13 January 2024
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.
11:28:33 AM IST, 13 January 2024
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.
10:53:18 AM IST, 13 January 2024
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.
10:21:24 AM IST, 13 January 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.
10:02:22 AM IST, 13 January 2024
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.
09:40:41 AM IST, 13 January 2024
‘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.
09:09:43 AM IST, 13 January 2024
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.
09:04:51 AM IST, 13 January 2024
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.
