Crypto News LIVE Updates: Bitcoin Vaults Past Silver in ETF Market, Donald Trump Vows To

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Crypto News LIVE Updates: The total asset size of the spot Bitcoin exchange-traded funds (ETFs) stands at $30 billion. By comparison, Silver ETFs together have roughly $11 billion in assets under management (AUM). Bitcoin ETFs only lag Gold among commodity-focused ETFs in the US.

If US presidential candidate Donald Trump were to be elected, he would “never allow” the creation of a central bank digital currency (CBDC). Trump made the remarks during a campaign stop in New Hampshire. The former US president believes CBDCs would give the government “absolute control” over the public’s money.

Led by Bitcoin, which sank nearly 4%, major digital assets crashed in early morning trade on Friday. In sync with the slide, the global crypto market cap fell about 3.5% to $1.62 trillion.

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05:52:55 PM IST, 19 January 2024

Crypto News LIVE: Fidelity Bitcoin ETFs Surpasses $1 Billion in Inflows

After Fidelity joined BlackRock in the $1 billion-plus inflows club yesterday, the total net flows from the first five days of trading for the new U.S. spot bitcoin ETFs currently stand at about $1.2 billion, according to statistics from BitMEX Research.

05:36:50 PM IST, 19 January 2024

Crypto News LIVE: Samson Mow Shares Controversial Views on Bitcoin and XRP

Known for his frank opinions on the cryptocurrency field, Samson Mow has stirred significant debate by referring to Ethereum as the “stupid man’s Bitcoin.” He continued to express his uncensored opinions on the X platform.

Mow interestingly referred to the title for XRP holders as “tricky one” when a user questioned it. The bitcoin guru went on to discuss how Tether and MicroStrategy own zero Ethereum and emphasized the current competition to amass solely Bitcoin.

05:13:36 PM IST, 19 January 2024

Crypto News LIVE: Bitcoin ETFs Net Outflows hits $134 Million, as of Jan 18

As of January 18, SoSoValue reports that the net outflow of Bitcoin spot ETFs was $134 million, with $582 million of that amount coming from GBTC. With the exception of Grayscale, other ETFs saw a $448 million net inflow. As of right now, GBTC still has $23.013 billion. The Bitcoin spot ETF has a $26.42 billion total net asset value.

05:01:39 PM IST, 19 January 2024

Crypto News LIVE: Binance CEO Teases Launch of More Launchpool Projects

After a successful launch of 11 projects, the CEO of Binance has teased a lot more launchpool projects in 2024 than there were in 2023.

04:41:35 PM IST, 19 January 2024

Crypto News LIVE: Cathie Wood Endorses Bitcoin Again, Says It’s Backed By World’s Largest Computer Network

Ark Invest CEO Cathie Wood has once again endorsed Bitcoin, saying that BTC is backed by the largest computer network in the world, with network orders of magnitude larger than that of clouds that Amazon, Google and Microsoft have built over the last two decades.

04:19:16 PM IST, 19 January 2024

Crypto News LIVE: OKX Integrates With Goldsky To Boost Layer 2 Testnet Capabilities

Prominent crypto trading platform OKX has announced the integration of Goldsky with its Layer 2 testnet. Goldsky, known for blockchain indexing and custom data streaming, supports the creation of data-driven decentralized apps.

03:50:51 PM IST, 19 January 2024

Crypto News LIVE: US Bitcoin ETFs Saw Outflows of Over $131 Million on Fifth Day of Trading

Traders pulled more than $131 million out of US-listed spot Bitcoin ETFs on the fifth trading day, according to data from BitMex Research. The Grayscale Bitcoin Trust (GBTC) saw net outflows of $580 million on the fifth day of trading. Nearly $2.2 billion have exited GBTC since its launch on Jan 11.

03:26:49 PM IST, 19 January 2024

Crypto News LIVE: Hong Kong Firm Sets Sights On Regulatory Approval To Launch Spot Bitcoin ETF

Venture Smart Financial Holdings Ltd is planning to file an application with the Hong Kong securities regulator to launch a spot Bitcoin exchange-traded fund (ETF).

03:02:51 PM IST, 19 January 2024

Crypto News LIVE: FinCEN’s Recent Proposal On Virtual Currency Reporting Has Banks On Tenterhooks

A proposal by the US Financial Crimes Enforcement Network (FinCEN) on virtual currency reporting has sparked fresh concerns among financial institutions. As per the federal proposal, banks will be required to submit reports on convertible virtual currency, or CVC, and transactions involving mixing.

02:18:58 PM IST, 19 January 2024

Crypto News LIVE: Whales Dump $26 Million Worth of XRP Amid Price Decline

XRP whales shifted over 46 million XRP tokens, valued at over $26 million, in the last 24 hours to crypto exchanges Bitso and Bitstamp. The enormous transactions coincided with the downward price action in XRP, which stood at $0.546 at press time, down 3.3% over the last 24 hours.

01:52:10 PM IST, 19 January 2024

Crypto News LIVE: LUNR Outperforms Bitcoin and Ethereum With 63% Price Rally

The Lunar Crush social token LUNR rallied a staggering 63% in the past 24 hours, outperforming crypto heavyweights Bitcoin and Ethereum. The price surge followed an announcement by LunarCrush that it was rolling out a new feature for content creators.

01:23:33 PM IST, 19 January 2024

Crypto News LIVE: Crypto Traders In China Minted $86 Million in Cash Between 2022 and 2023 Despite a Ban

While China imposed a ban on crypto trading in 2021, retail traders still managed to generate $86 million in cash from digital assets between June 2022 to July 2023, the Wall Street Journal reports.

01:10:57 PM IST, 19 January 2024

Crypto News LIVE: Spot Bitcoin ETFs Excluding GBTC Have Bought BTC Worth 2.8 Billion Since Launch

Spot Bitcoin exchange-traded funds purchased another $10,667 Bitcoin, valued at around $440 million, on day 5 of trading, according to data provided by X account CC15Capital. This brings the total number of BTC purchased by spot Bitcoin ETF issuers, excluding Grayscale, since their launch to nearly $68,500, worth $2.8 billion.

12:43:21 PM IST, 19 January 2024

Crypto News LIVE: 3 Bitcoin ETFs Among Top 10 Most-Traded ETFs Over Last Week

The US-listed spot Bitcoin exchange-traded funds (ETFs) of BlackRock, Fidelity and Bitwise made it to the top 10 most-traded ETFs over the last week. The funds cumulatively saw inflows worth nearly 2.2 billion in the last seven days.

12:29:40 PM IST, 19 January 2024

Crypto News LIVE: Bitcoin, Ether Futures Worth $1.4 Billion Set To Expire

A staggering $890 million worth of options tied to Bitcoin (BTC) and $520 million of options linked to Ethereum (ETH) are set to expire with a put call ratio of 1.1 and 0.55, respectively, according to GreeksLive.

11:57:31 AM IST, 19 January 2024

Crypto News LIVE: Hong Kong Securities Regulator Adds Crypto Exchanges Aramex and DIFX To ‘Alert List’ on Suspicion of Fraud

Hong Kong’s securities watchdog has placed digital asset trading platforms Aramex and DIFX on alert list on suspicion of fraud, South China Morning Post reported. These unlicensed platforms reportedly “adopted names similar to those of legitimate entities” to scam crypto investors. Victims alleged they were unable to withdraw cash they had deposited on the platforms.

11:29:03 AM IST, 19 January 2024

Crypto News LIVE: Crypto Crimes Saw 29% Decline In 2023: Report

Crypto crimes were down 29% last year, with the total cryptocurrency value received by illicit addresses falling to $20.6 billion from $39.6 billion in 2022, Chainalysis said in its recent report.

10:59:02 AM IST, 19 January 2024

Crypto News LIVE: US SEC Postpones Decision On Fidelity’s Ethereum ETF Application

The US Securities and Exchange Commission (SEC) has delayed its decision on Fidelity’s application to launch spot Ether ETF. The deadline for the decision has been extended by another 45 days to March 5, 2024.

10:34:26 AM IST, 19 January 2024