Spot Bitcoin ETFs See Trade Volume of Over $4.5 Billion On Debut Day

06:44:07 PM IST, 12 January 2024

Crypto News LIVE: Franklin Templeton Lowers Bitcoin ETF Fee

Franklin Templeton, the issuer of the Spot Bitcoin ETF, lowered its sponsor charge, setting a new benchmark for the lowest fee among its rivals. According to the filing, which is dated January 12, the company has chosen to reduce its annual Bitcoin ETF cost from 0.29% to 0.19%.

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06:29:51 PM IST, 12 January 2024

Crypto News LIVE: Platforms hosting Cryptocurrencies Have to Abide by Federal Regulations: SEC Chairman

A report by Reuters revealed that SEC chairman Gary Gensler expressed his views on platforms hosting cryptocurrencies. In a statement Gensler said that platforms that host cryptocurrencies have to abide by federal regulations.

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06:16:13 PM IST, 12 January 2024

Crypto News LIVE: Grayscale Investments Must Focus More on Managing Risk: CFO

Two days after launching its spot Bitcoin ETF,  Ed McGee , CFO of cryptocurrency asset manager Grayscale Investments stated that the company needs concentrate more on risk management and participant communication now that U.S. exchange-traded funds containing bitcoin have received permission from the Securities and Exchange Commission.

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05:52:21 PM IST, 12 January 2024

Crypto News LIVE: SkyArk Chronicles Raises $15 Mln in Funding Round

On Friday, SkyArk Chronicles, a Triple-A gaming platform, closed a $15 million investment round with the investment arm of Binance, the largest cryptocurrency exchange in the world, Binance Labs, supervising this capital round.

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05:44:09 PM IST, 12 January 2024

Crypto News LIVE: I See Cryptocurrency as an Asset Class, Not a Currency: Blackrock CEO

BlackRock CEO Larry Fink on Friday took a rather sarcastic jib on digital assets. “I believe in cryptocurrency as an asset class, not a currency,” stated Fink.

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05:23:21 PM IST, 12 January 2024

Crypto News LIVE: RBI Refuses to Change Stance on Cryptocurrencies Despite SEC Approval

India’s regulatory body, the Reserve Bank of India has taken a scoffing remark on digital assets. Despite the SEC giving a green signal to Bitcoin ETFs, the RBI has maintained its stance that it will not be in favor of virtual currencies. Adding to the remarks, the RBI stated that “‘Can’t afford a crypto mania”

‘Can’t afford a crypto mania; Reserve bank of India 🇮🇳 stance remains unchanged’

What are your thoughts on this? Let us know in comments below👇 pic.twitter.com/Xl6tie6hyL

— KoinX (@getkoinx) January 12, 2024

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05:03:31 PM IST, 12 January 2024

Crypto News LIVE: Blackrock Announces Deal to Buy GIP for $12.5 Billion :Bloomberg

According to Bloomberg reports, the world’s largest money manager, BlackRock Inc., has reportedly agreed to pay approximately $12.5 billion to acquire infrastructure firm GIP. This move propels BlackRock Inc. into the elite group of investors that place long-term bets on energy, transportation, and digital infrastructure.
The purchase is anticipated to finalize in the third quarter and BlackRock will pay $3 billion in cash and around 12 million shares, which would have been valued nearly $9.5 billion at Thursday’s close.

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04:27:05 PM IST, 12 January 2024

Crypto News LIVE: XRP To Exit From HKVAC Top 5 Global Large Cryptocurrency Index

Hong Kong-based digital asset agency HKVAC said that XRP will leave its Top 5 Global Large Cryptocurrency Index to make way for Solana, effective January 19, 2024. The decision comes a almost a month after Solana overtook XRP as the fifth-largest cryptocurrency by market cap.

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03:36:39 PM IST, 12 January 2024

Crypto News LIVE: South Korea Financial Regulator Issues Advisory On Foreign-Listed Spot Bitcoin ETFs

South Korea’s securities regulator, the Financial Services Commission, has flagged potential violations in brokering foreign-listed spot Bitcoin ETFs. Following the advisory, several major South Korean securities firm, including Mirae Asset Securities, halted brokerage services for overseas Bitcoin ETFs.

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02:53:04 PM IST, 12 January 2024

Crypto News LIVE: FTX Clients Demand ‘In-Kind’ Crypto Reimbursement

Debtors of the bankrupt cryptocurrency exchange FTX have filed a motion, requesting a US bankruptcy judge not to value their cryptocurrency deposits based on 2022 prices. They argue that FTX’s valuation approach puts them at a disadvantage, as the digital assets have soared in value since FTX declared bankruptcy.

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02:10:24 PM IST, 12 January 2024

Crypto News LIVE: Solana To Prioritise Growth In 2024

Solana has revealed the 2024 roadmap, allaying concerns following the price decline in its native token. Solana enthusiasts can anticipate a slew of new announcements in 2024, including token extensions, and institutional support.

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01:53:02 PM IST, 12 January 2024

Crypto News LIVE: Judge Sides With US SEC, Rejects Terra and Do Kwon’s Motion To Include Testimony of Expert Witnesses

Stablecoin issuer Terraform Labs and its co-founder Do Kwon on Friday suffered a further setback in its ongoing legal tussle with US SEC after a federal judge rejected the former’s motion to include the testimony of expert witnesses. Notably, a US court had earlier ruled that Terraform Labs and Kwon violated US law by offering and selling unregistered securities.

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01:04:37 PM IST, 12 January 2024

Crypto News LIVE: Vitalik Buterin Gives Shout Out To Optimism’s RetroPGF For $100M Funding

Ethereum co-founder Vitalik Buterin on Thursday gave a big shout-out to Optimism’s RetroPGF initiative, which distributed over $100 million in its third round to 501 contributors.

Over $100m distributed in @Optimism RetroPGF round 3.

Really impressed to see their ongoing commitment to funding public goods, helping devs and others contribute to Ethereum even if they lack a business model.

Hope to see more projects doing QF and RPGF rounds in the future! https://t.co/igZCTsnNLt pic.twitter.com/JFGB1MNDDS

— vitalik.eth (@VitalikButerin) January 11, 2024

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12:47:04 PM IST, 12 January 2024

Crypto News LIVE: Wall Street Giants Play Spoilsport In Spot Bitcoin ETF Mania

While the US securities watchdog has rubber-stamped exchange-traded funds tracking Bitcoin, top Wall Street firms, including the likes of Vanguard, Merrill Lynch, and Edward Jones, are fiercely opposing it. Vanguard and Edward Jones have gone so far as to blocked clients from buying spot Bitcoin products.

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12:20:58 PM IST, 12 January 2024

Crypto News LIVE: Grayscale’s Spot Bitcoin ETF Steals the Show On Listing Day

The newly-launched spot Bitcoin exchange-traded funds (ETFs) in the US clocked over $4.6 billion in trade volume on the first day, with Grayscale’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), leading the charts with $1.9 billion in volume.

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12:14:01 PM IST, 12 January 2024

Crypto News LIVE: SHIB Burn Rate Spikes Nearly 400% Amid Price Surge

Shiba Inu (SHIB) burn rate surged nearly 400% over the last 24 hours, with 16.56 million SHIB tokens sent to burn addresses. The development coincided with the upward price action in SHIB, with the meme coin having advanced over 2.7% to $0.00001021 in the past 24 hours.

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11:47:57 AM IST, 12 January 2024

Crypto News LIVE: SEC Moves Court Seeking Order For Ripple’s Financial Statements

The legal battle between the US SEC and Ripple escalated Thursday, with the securities regulator filing a motion in court, seeking an order that would force Ripple to produce financial statements for 2022 and 2023. The SEC is particularly interested in Ripple’s financial statements and contracts related to institutional sales after it slapped the crypto firm with a lawsuit in December 2020.

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11:16:21 AM IST, 12 January 2024

Crypto News LIVE: Crypto Market Faces Uncertainty Despite Spot Bitcoin ETF Approval

Even as spot Bitcoin exchange-traded funds have been granted approval, Bitcoin’s price response remains muted, with 36,000 Bitcoin options nearing expiry. While  short-term volatility persists with respect to BTC prices, the long-term impact of the Bitcoin ETF on the market remains uncertain.

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10:44:44 AM IST, 12 January 2024

Crypto News LIVE: Grayscale Unveils Plans To Launch Bitcoin Covered Call ETF

After receiving approval for converting its Grayscale Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF, Grayscale Investments has filed documents for a Bitcoin Covered Call ETF with the US Securities and Exchange Commission (SEC).

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10:04:03 AM IST, 12 January 2024

Crypto News LIVE: XRP Price Dips 1.2% Amid High-Volume Whale Transfers

Whale movements around XRP caused an upset as prices slipped over 1% to $0.59. The price dip came after whales deposited a substantial 48 million XRP tokens, valued at over $29 million, to Bitstamp and Bitso.

🚨 23,600,000 #XRP (14,240,904 USD) transferred from unknown wallet to #Bitstamphttps://t.co/IgQcwRYTdS

— Whale Alert (@whale_alert) January 11, 2024

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09:36:40 AM IST, 12 January 2024

Crypto News LIVE: Customers Outraged After Vanguard Barricades Spot Bitcoin ETF Trading

Asset manager Vanguard is facing massive backlash from customers after the company announced it would not allow the purchase of spot Bitcoin exchange-traded funds on its platform, with many threatening to close their accounts.

🚨NEW: @Vanguard_Group, the world’s second largest asset manager behind @BlackRock, is reportedly blocking its customers from buying into the new $BTC Spot ETFs, saying the products “don’t fit with Vanguard’s investment philosophy.”

Now we’ll start to see how institutional… https://t.co/LmZodeYyad

— Eleanor Terrett (@EleanorTerrett) January 11, 2024

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09:24:14 AM IST, 12 January 2024

Crypto News LIVE: Spot Bitcoin ETF Trading Volume Cracks $4.5 Billion On First Day

Trading volumes on exchange-traded funds tracking Bitcoin surged past $4.5 billion day on the first day of trading. Grayscale’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT) emerged as the biggest winner, accounting for over 20% of the total volume.

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