Bitcoin Nears $44K Amid ETF Race; Satoshi Nakamoto Gets 27 BTC

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Crypto News LIVE Updates: The crypto market has displayed a positive trend over the last two days in the backdrop of optimism around Bitcoin exchange-traded funds (ETFs). Bitcoin (BTC) Price was hovering around $44,000 early this morning but has since dropped to $43,667.  The OG cryptocurrency is up 3.7% in the last seven days.

The spot Bitcoin ETF race is heating up, with all applicants having filed 19b-4 amendments with the US Securities and Exchange Commission (ETF). Bloomberg analyst Eric Balchunas said the US securities watchdog is likely to approve the first wave of Bitcoin ETFs and allow trading by as early as Jan 11.

Also, Bitcoin creator Satoshi Nakamoto has resurfaced after years of inactivity as 27 BTC valued at over $1 million were moved to a wallet address linked to Satoshi Nakamoto.

 

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06:55:42 PM IST, 6 January 2024

Crypto News Live: Spot Bitcoin ETF: VanEck Advisor See Approval Attracting Institutional Investments

VanEck Advisor, Gabor Gurbacs, shared views on the impact of Bitcoin Exchange-Traded Funds (ETFs) on the global financial landscape. Gurbacs emphasizes the significance of Bitcoin ETFs attracting institutional investments, anticipating a potential paradigm shift in the crypto market.

06:29:07 PM IST, 6 January 2024

Crypto News Live: NFT Project Azuki Follows Weeb3 Foundation On Twitter

NFT project Azuki followed Weeb3 Foundation on Twitter. The market speculates a possible partnership, with possible talks of ANMIE being Azuki’s upcoming token. The Azuki NFT floor price is temporarily quoted at 7.95 ETH.

06:17:47 PM IST, 6 January 2024

Crypto News Live: Skybridge founder Hints at Bullish Crypto Market

Skybridge founder and former White House Communications Director Anthony Scaramucci’s tweets possibly hint towards the upcoming Bitcoin ETF approval. Scaramucci’s tweets caught the attention of many, with token holders perceiving them as a hint towards a bullish crypto market.

05:41:32 PM IST, 6 January 2024

Crypto News Live: DeFi token Lido DAO (LDO) Gains 15% To Hit A 52-Week High

The DeFi token Lido DAO (LDO) gained attention because to its significant surge in price on Saturday, January 6, 2024. The do dedo currency saw a gain of more than 15% in trade and reached a new 52-week high of $3.61.

05:21:20 PM IST, 6 January 2024

Crypto News Live: Terraform And Its Founder Confront SEC Over Its Experts’ Testimony

Terraform Labs and its founder Do Kwon are refuting the Securities and Exchange Commission’s (SEC) case against them, with emphasis on refuting Dr. Matthew Edman’s evidence, one of the SEC’s primary expert witnesses.

05:00:14 PM IST, 6 January 2024

Crypto News Live: Better Markets Ask US SEC To Reject Spot Bitcoin ETF

Better Markets has again sent comment letter to the SEC to reject spot Bitcoin ETF applications. “The approval of spot bitcoin ETPs would be a historic mistake almost certainly leading to massive investor harm. The immense and unrelenting fraud and manipulation in the bitcoin market means that approving these products would expose millions of American investors and retirees to the very harms that the SEC exists to prevent.”

04:54:12 PM IST, 6 January 2024

Crypto News Live: Paradigm Moves ETH To Coinbase

Paradigm moved 6,500 ETH worth $14.67 million to crypto exchange Coinbase. The VC firm made substantial profit from buying during bear market and selling in bull market.

04:40:54 PM IST, 6 January 2024

Crypto News Live: Tron Founder Justin Sun Reacts To Satoshi Wallet Transfer

After the Satoshi Nakamoto wallet received 27 Bitcoin, Tron founder Justin Sun recommends others to also buy Bitcoin.

04:20:56 PM IST, 6 January 2024

Crypto News LIVE: Bitcoin Mining Difficulty Rises To 73.2 T

According to BTC.com data, Bitcoin mining difficulty ushered in a mining difficulty adjustment at block height 824,544. The mining difficulty has increased by 1.65% to 73.2 T. The current computing power of the entire network is 542.40 EH/s.

03:56:45 PM IST, 6 January 2024

Crypto News LIVE: ConstitutionDAO (PEOPLE) Price Rally 55%

ConstitutionDAO (PEOPLE) price rally 55% in the last 24 hours backed by a trading volume of nearly $1 billion. PEOPLE price has skyrocketed 220% in a week.

03:44:20 PM IST, 6 January 2024

Crypto News LIVE: Ark Invest Offloaded Coinbase (COIN) Stocks

Cathie Wood’s Ark Invest sold a totalidade of 113,823 Coinbase shares worth nearly $20.6 million ahead of potential approval of spot Bitcoin ETF next week.

03:05:27 PM IST, 6 January 2024

Crypto News LIVE: After NYT, Authors File Lawsuit Against OpenAI and Microsoft

Just days after the New York Times sued OpenAI and Microsoft over alleged misuse of journalists’ work for AI training, the companies have been hit by another lawsuit by non-fiction authors Nicholas Basbanes and Nicholas Gage over copyright infringement.

02:01:51 PM IST, 6 January 2024

Crypto News LIVE: Elon Musk’s X Hits Out At Media Matters

Billionaire Elon Musk took aim at Media Matters after a leaked document revealed the identity of Democrat megadonors who secretly funded the media advocacy group.  Last year, Musk-owned X sued Media Matters, alleging the media watchdog defamed the platform and drove investors away. Now, Musk plans to add the megadonors as defendants in the ongoing lawsuit.

01:33:34 PM IST, 6 January 2024

Crypto News LIVE: Grayscale’s Do dedo Large Fund Now Includes XRP, AVAX; MATIC Departs

The world’s largest crypto asset manager Grayscale Investments made a revision in Grayscale Digital Large Cap Fund (GDLC). While XRP and Avalanche (AVX) tokens were added to the GDLC, Polygon (MATIC) was removed.

12:53:07 PM IST, 6 January 2024

Crypto News LIVE: Nebraska Proposes Bill To Scrap Taxes on Bitcoin Transactions Below $200

Nebraska has introduced a groundbreaking bill aimed at safeguarding the rights of Bitcoin users. The bill, sponsored by Senator Bostar, seeks to eliminate state capital gains taxes on Bitcoin transactions under $200. The proposed legislation comes on the heels of a similar initiative in Missouri.

12:19:36 PM IST, 6 January 2024

Crypto News LIVE: Mysterious Bitcoin Creator Satoshi Nakamoto Resurfaces After Years

In a major development, Bitcoin creator Satoshi Nakamoto has resurfaced after years of inactivity. As many as 27 Bitcoin, valued at over $1 million, were shifted to a wallet address linked to Nakamoto, the anonymous individual who created the world’s first cryptocurrency.

11:56:21 AM IST, 6 January 2024

Solana (SOL) Price Slips Over 6%

Solana is off to a bumpy start in 2024. While the crypto market has displayed a positive trend over the past 2 days—largely on the back of optimism around Bitcoin exchange-traded funds (ETFs)—Solana has taken a hit, falling below $100 over the last 24 hours.

 

11:23:54 AM IST, 6 January 2024

Crypto News LIVE: Spain Launches 6-Month CBDC Pilot In Partnership With Adhara Blockchain

Spain’s mediano bank has initiated a six-month pilot for mediano bank do dedo currencies (CBDCs). The Bank of Spain is said to have roped in key financial and tech partners, including Cecabank, Abanca, and Adhara Blockchain for the pilot as it seeks to explore the efficiency and security of do dedo currencies in financial transactions.

10:53:09 AM IST, 6 January 2024

Crypto News LIVE: BlackRock Gears Up For Bitcoin ETF Launch, Readies Funds Worth $2 Billion

While the US securities watchdog has yet to approve spot Bitcoin ETFs, investment management firm BlackRock has already begun preparations. The firm reportedly has $2 billion in funds lined up from existing Bitcoin holders who’d like to rotate the capital into its Bitcoin ETF when approved.

09:58:18 AM IST, 6 January 2024

Crypto News LIVE: DCG Pays Back $700 Million Genesis Debt

Do dedo Currency Group (DCG) has repaid due amount of over $1 billion to creditors, including short-term debt of about $700 million taken from Genesis, its bankrupt subsidiary. The announcement comes months after Genesis sued DCG in a bid to recover outstanding loans. Court documents showed DCG owed more than $1.7 billion to creditors as of September 2023.

09:05:36 AM IST, 6 January 2024

Crypto News LIVE: Spot Bitcoin ETF Approval May Be Coming Next Week

With spot Bitcoin exchange-traded funds (ETF) hopefuls rushing to file 19-4b amendments with the US securities regulator, Bloomberg Intelligence analyst Eric Balchunas said the SEC could approve the first wave of Bitcoin ETFs next week and allow them to start trading as soon as Jan 11.

08:50:38 AM IST, 6 January 2024

Crypto News LIVE: BTC Whale Transfers

While the Bitcoin (BTC) Price stabilized around the $44,000 mark, 1,373 BTC was transferred from crypto exchange Coinbase to an unknown wallet Whale Alert reported.

08:31:36 AM IST, 6 January 2024

Crypto News LIVE: Blockchain Basics Act

Phil Christofanelli, a member of the House of Representatives of Missouri, United States, proposed the Blockchain Basics Act, which covers a set of cryptocurrency rights ranging from the right to custody of crypto assets and crypto mining.

08:22:08 AM IST, 6 January 2024

Crypto News LIVE: Better Markets Calls For Bitcoin ETF Rejection

Going against the wave of sentiment among crypto traders and investors, Dennis Kelleher, the chief executive officer of Better Markets, wrote to the US SEC asking for rejection of the spot Bitcoin ETF applications. The SEC should not take into consideration the Grayscale lawsuit judgment, it said.

07:53:25 AM IST, 6 January 2024

Crypto News LIVE: Van Eck To Donate 5% Of Bitcoin ETF Profits

Van Eck had pledged to donate 5% of its profits from Bitcoin ETF operations to Bitcoin Core developers for at least 10 years. A decision on the spot Bitcoin ETF approval in the United States is expected between January 8-10, 2024.

07:51:00 AM IST, 6 January 2024

Crypto News LIVE: Coinbase Plans To Expand In EU

Crypto exchange Coinbase revealed plans to obtain the Markets in Financial Instruments Directive (MiFID) licensed entity in Cyprus, in a move to expand its derivatives offerings in the European Union.

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