US FOMC Meeting Highlights: Fed Meeting Commences
US FOMC Meeting Highlights: As the US Federal Reserve’s two-day policy meeting commences on January 30, anticipation builds around the central bank’s stance on interest rates, with widespread expectations for rates to hold steady. Market watchers are keenly awaiting signals from Fed Chair Jerome Powell regarding potential rate reductions later in the year, amidst a backdrop of easing inflation and strong consumer spending. Analysts predict the possibility of rate cuts beginning as early as May or June, considering the resilient US job market and inflation rates still above the Fed’s 2% target.
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11:04:08 PM IST, 30 January 2024
Crypto News LIVE: Cboe BZX Withdraws Global X Bitcoin ETF Listing Proposal
The Cboe BZX Exchange has retracted its proposal to the SEC for listing the Global X Bitcoin Trust, initially submitted in August 2023. This withdrawal follows the SEC’s historic approval of spot Bitcoin ETFs on U.S. exchanges, with speculation rising about potential approval for Ether ETFs.
10:50:13 PM IST, 30 January 2024
Crypto News LIVE: Ethereum Rebounds to $2,345 Amidst Growing Network Activity
Ethereum has rebounded to $2,345, marking its first significant recovery since the decline on January 22nd. The network is experiencing a notable increase in active addresses and overall network growth, indicating enhanced utility and supporting a rising market cap for ETH.
10:29:00 PM IST, 30 January 2024
Crypto News LIVE: Abracadabra Money Hit by $6.49M Ethereum Cauldron Exploit
Abracadabra Money’s Ethereum cauldrons were exploited for $6.49 million, temporarily depegging its Magic Internet Money (MIM) stablecoin. Initially funded by Tornado Cash and identified by PeckShield, the exploit involved a potential rounding issue in loan transactions.
10:07:00 PM IST, 30 January 2024
Crypto News LIVE: Grayscale Moves 4,418 BTC to Suspected Coinbase Address
Arkham’s data reveals that Grayscale transferred 4,418 BTC, valued at around $191 million, to an address believed to be Coinbase Prime Deposit at 22:20 UTC on January 30. This significant move is part of Grayscale’s ongoing transactions, showcasing the active management of their substantial Bitcoin holdings.
09:47:00 PM IST, 30 January 2024
Crypto News LIVE: Invesco Galaxy Slashes BTCO ETF Fees to Boost Appeal
Invesco and Galaxy have reduced the long-term fee on their Bitcoin ETF, BTCO, from 39 to 25 basis points. This change comes alongside a fee waiver offer of 0% for the first six months or until it reaches $5 billion in assets, enhancing the attractiveness of their ETF product.
09:27:17 PM IST, 30 January 2024
Crypto News LIVE: Tuur Demeester Foresees Spike in Bitcoin ETF Purchases
Bitcoin evangelist Tuur Demeester predicts a significant rise in Bitcoin purchases by spot ETF issuers, expecting an increase of 20x post-April’s halving event. This forecast aligns with Samson Mow’s observation that current ETF acquisition rates are crucial yet underappreciated, as two ETFs alone are buying 10x the daily Bitcoin output of miners.
09:06:00 PM IST, 30 January 2024
Crypto News LIVE: XRP Ledger Set for AMM Launch with Growing Validator Support
The XRP community is considering introducing an automated market maker (AMM) on the XRP Ledger, with increasing support from validators for the XLS-30 amendment. Following the release of Rippled version 2.0.1, key validators, including XRPL Labs and XRPScan, are preparing to vote ‘yes,’ moving closer to the required 80% endorsement for AMM implementation. This feature promises passive income opportunities for XRP holders.
08:54:14 PM IST, 30 January 2024
Crypto News LIVE: Visa and Transak Enable Direct Crypto to Fiat Withdrawals
Visa, in collaboration with Web3 infrastructure provider Transak, has launched a new service allowing users to withdraw cryptocurrencies directly to Visa debit cards. This integration, part of Visa Direct, enables users from 145 countries to convert over 40 cryptocurrencies to fiat at 130 million merchant locations, significantly bridging the gap between crypto and traditional finance.
08:34:00 PM IST, 30 January 2024
US FOMC Meeting Live Updates: Analysts Foresee Changes Post Wednesday’s Fed Announcement
Market analysts anticipate the Federal Reserve to cut interest rates at five of the eight FOMC meetings this year. However, this expectation may shift following Wednesday’s FOMC, where the Fed is expected to highlight a data-dependent approach to its monetary policy decisions.
08:00:00 PM IST, 30 January 2024
Crypto News LIVE: Circle Brings USD Stablecoin to Celo’s Layer 2 Network
Circle, the issuer of stablecoins like USDC and EURC, is set to introduce its USD-pegged stablecoin on Celo, transitioning into an Ethereum Layer 2 scaling network.
07:35:19 PM IST, 30 January 2024
Crypto News LIVE: German Police Seize $2.17B in Bitcoins from Piracy Crackdown
German authorities have made history by seizing nearly 50,000 Bitcoins, valued at a staggering $2.17 billion, in a crackdown on commercial piracy websites. The fate of these seized Bitcoins remains uncertain as investigations into the case continue.
07:20:15 PM IST, 30 January 2024
Crypto News LIVE: Binance Rebounds in Market Share Post-$4.3B Settlement
Binance has seen a resurgence in its trading volume market share, reaching 49% just two months after settling its $4.3 billion case with the U.S. Department of Justice.
07:02:00 PM IST, 30 January 2024
Crypto News LIVE: UAE Completes First Cross-Border CBDC Transfer to China
The UAE Central Bank has successfully executed its first cross-border digital dirham transfer to China using the mBridge CBDC platform, marking a significant milestone in digital currency transactions. This breakthrough, part of the mBridge project involving China, Hong Kong, Thailand, and the UAE, showcases the platform’s ability to facilitate real-time, peer-to-peer transactions.
06:42:00 PM IST, 30 January 2024
Crypto News LIVE: Analyst Ali Foresees Bitcoin Climbing to $60,000 Mark
Crypto analyst Ali notes a bullish trend for Bitcoin, observing a strong rebound after hitting the mean MVRV pricing band. Following a bounce at $40,500, there’s growing potential for BTC to climb towards the $60,000 mark, aligning with the 1.0 standard deviation line.
06:20:15 PM IST, 30 January 2024
Crypto News LIVE: MyDoge Successfully Counters X Account Hacking Incident
The MyDoge Wallet successfully thwarted a hacking attempt on its X account, quickly regaining control and alerting users to check for suspicious “Delegate Access.” This incident comes amidst a significant surge in the Dogecoin network, with a record 247,240 new DOGE addresses created on Jan. 29, marking a possible positive trend for DOGE prices.
06:01:15 PM IST, 30 January 2024
Crypto News LIVE: Ethereum’s Vitalik Unveils Vision for AI in Crypto
Ethereum co-founder Vitalik Buterin explored the potential of combining crypto and AI, highlighting four key classifications. He emphasized that the most promising applications are those where AI players operate within existing mechanisms, enhancing efficiency and scale. Buterin’s insights point towards a future where AI integration could revolutionize crypto operations.
05:45:00 PM IST, 30 January 2024
Crypto News LIVE: Tether’s EURT Struggles Against Circle’s EURC Since Nov
Tether’s euro-pegged stablecoin EURT has been trading at a discount since November 2023, struggling against competitors like Circle’s EURC. Kaiko’s data reveals this trend amidst a fragmented EUR stablecoin market, with the majority of euro trade volume concentrated in just five crypto exchanges.
05:22:05 PM IST, 30 January 2024
Crypto News LIVE: Floki Blocks Hong Kong Users After SFC Warns of High-Risk Staking
The Floki memecoin project has blocked Hong Kong users from its staking program following warnings from the Hong Kong Securities and Futures Commission about high-risk investments. In response to the SFC’s…
