Cryptocurrency News Highlights Bitcoin, a digital currency curated in 2009, once again stirred a whirlpool of speculations among crypto market enthusiasts globally as the token’s price surged past the $42K mark recently. As of writing, the Bitcoin price witnessed a marginal spring of 0.70% over the past 24 hours and is currently trading at $42,405. Meanwhile, altcoins like Ethereum and XRP noted a 0-1% drop over the past day, whereas Solana noted an uptick of 3.55%.
On the other hand, with the Fed’s upcoming announcement of this year’s first interest rates decision, the BTC price is expected to boost further. With a noteworthy probability of slashed rates, market experts hope to see a significant boost in the BTC token’s price.
Live
11:00:16 PM IST, 29 January 2024
Crypto News LIVE: Bitcoin Miner Bitdeer Targets Profitability with CEO Shift
Bitdeer, a leading Bitcoin mining firm, announced a major management shift, appointing its founder Jihan Wu as the new CEO on March 1, 2024. This move comes as the company, valued at $974.08 million, aims to achieve profitability amid three consecutive quarters of losses. With its stock trading at $8.78, up 15.5%, and projected annual profit growth of 113.91%, Bitdeer’s future performance hinges on the upcoming June results.
10:40:00 PM IST, 29 January 2024
Crypto News LIVE: OKX Wallet to Add New Bitcoin Token Standards Soon
OKX Wallet is set to expand its capabilities by integrating various Bitcoin token standards, including SRC-20 (Stamps), ARC-20 (Atomicals), DRC-20 (Doginals), and Runes, with the process starting in late February.
10:20:15 PM IST, 29 January 2024
Crypto News LIVE: USDT Nears Milestone with $1 Billion Mint Boost
Tether (USDT) is closing in on a $100 billion market cap, following a recent mint of one billion USDT, as investors anticipate fresh capital inflows into the cryptocurrency market. This development, coupled with rising stablecoin market caps and increased holdings by whale wallets, signals bullish conditions and contrasts with recent outflows from digital asset investment products.
10:00:00 PM IST, 29 January 2024
Crypto News LIVE: Amazon Prime Video to Include Ads, Affects Crypto Pay
Amazon is set to introduce ads on its Prime Video service, automatically moving customers to an ad-supported tier and impacting those paying via crypto routes like Purse.io and Crypto.com. This change could boost crypto transactions as users seek ad-free streaming, despite Amazon not directly accepting Bitcoin yet. The tech giant’s move into ads is expected to influence its 96 million US Prime households and could hint at future cryptocurrency strategies.
09:40:00 PM IST, 29 January 2024
Crypto News LIVE: IBIT Overtakes $GBTC in Trading Volume Early On
IBIT has surpassed $GBTC in trading volume just an hour into the trading day, with a current tally of $155 million compared to GBTC’s $113 million. This could mark the first time one of the ‘newborn nine’ outperforms GBTC in daily trade volume, signaling a potential change in investor preferences in the crypto market.
09:20:17 PM IST, 29 January 2024
Crypto News LIVE: Glassnode Cofounder Foresees $1B BTC Short Squeeze
Glassnode co-founder “Negentropic” predicts significant market movements for Bitcoin, foreseeing potential liquidations of $1 billion in short positions that could drive prices upward.
09:00:07 PM IST, 29 January 2024
Crypto News LIVE: Vitalik Buterin Surprises with Visit to Binance Office
Ethereum co-founder Vitalik Buterin’s unexpected visit to the Binance office has ignited widespread speculation about potential collaborations between the crypto giants. The meeting, revealed by Binance CEO Richard Teng, comes amid Binance’s regulatory challenges and Buterin’s focus on exchange security and privacy.
08:40:13 PM IST, 29 January 2024
Crypto News LIVE: Grayscale Shifts $274.95M in BTC to Coinbase Prime
Grayscale recently transferred another 6,534 BTC, valued at approximately $274.95 million, to Coinbase Prime, continuing its significant asset movements post-ETF approval. Since the ETF was passed, the firm has moved a total of 119,663 BTC, worth around $4.91 billion, to Coinbase Prime while still holding a massive 495,290 BTC, equivalent to $20.76 billion.
08:20:16 PM IST, 29 January 2024
Crypto News LIVE: XRP ETF Approval Unlikely in 2024, Community Reacts
The XRP community faces disappointment as a prominent member, @XRPcryptowolf, predicts that a spot XRP ETF won’t be approved this year, following the SEC’s delay on Ethereum ETFs and Ripple Labs’ lack of filing for one.
08:00:17 PM IST, 29 January 2024
Crypto News LIVE: EU Regulators Crack Down on Non-EU Crypto Services
According to a Reuters report, the European Securities and Markets Authority (ESMA) has proposed strict limitations on crypto companies outside the EU, allowing them to serve EU customers directly only under limited conditions, primarily when the client initiates the service. ESMA’s proposed guidance aims to protect EU-based investors and MiCA-compliant crypto service providers from non-EU entities while prohibiting active solicitation of business within the EU by third-country firms.
07:40:14 PM IST, 29 January 2024
Crypto News LIVE: Terra Luna Classic Validators Seek Repeal of Pay-Per-Job
A proposal to repeal the controversial pay-per-job proposal 11889 on Terra Luna Classic is up for a vote, with validators aiming to eliminate it due to hindrances in development and community confusion. The proposal suggests that the binary interpretation of 11889 has led to conflicting views among validators and halted progress, advocating for a revised pay-per-job version. Meanwhile, the LUNC price has experienced a slight decrease, currently trading at $0.0000987, while USTC price dropped 2% to $0.0257 in the last 24 hours.
07:10:10 PM IST, 29 January 2024
Crypto News LIVE: Michaël van de Poppe Sees Altcoins Surging
Crypto analyst Michaël van de Poppe predicts Bitcoin will consolidate post-ETF correction, eyeing a potential surge to $48-50K. This phase could signal a prime time for altcoins to outshine the leading cryptocurrency.
06:55:17 PM IST, 29 January 2024
Crypto News LIVE: IOG Invests in Blockfrost for Decentralized Cardano Future
Five Binaries’ Blockfrost API, a cornerstone of Cardano’s infrastructure since 2020, has gained IOG’s investment to fuel its growth towards a decentralized future. This partnership aims to enhance Blockfrost’s services for the Cardano developer community, with founder Marek Mahut bringing his extensive experience to IOG’s technical projects.
06:40:18 PM IST, 29 January 2024
Crypto News LIVE: Ripple Labs’ Massive XRP Transfer Raises Alarm
Ripple Labs transfers 27.7 million XRP to an exchange, sparking concerns of a potential sell-off among investors. The move comes as XRP trades at $0.5263, with market sentiment teetering on the edge of a resurgence or further decline.
06:25:14 PM IST, 29 January 2024
Crypto News LIVE: Ripple CTO Backs New Democratic Governance for XRPL
David Schwartz, Ripple’s CTO, endorses a new governance proposal for the XRPL Foundation, highlighting its focus on transparency and democratic processes. David Fuelling’s proposal aims to increase community involvement and align with decentralization principles in XRPL’s governance structure.
06:10:15 PM IST, 29 January 2024
Crypto News LIVE: Samson Mow’s Bitcoin Outlook Ties to Govt Debt, Inflation Trends
Samson Mow highlights 10 key indicators for Bitcoin’s future, including Spot ETF inflows and network hashrate, as BTC stabilizes at $41,997.82. Amid market consolidation, Mow’s long-term BTC outlook ties in government debt, nation-state adoption, and real inflation to forecast significant growth.
05:50:17 PM IST, 29 January 2024
Crypto News LIVE: Grayscale Sees Record $2.2B Outflow Amid Market Shift
Digital asset investment products experienced a sharp downturn, with outflows reaching $500 million last week. In contrast, Grayscale faced a staggering $2.2 billion outflow, while new US ETFs attracted $1.8 billion, totaling $5.94 billion since their January launch.
05:35:20 PM IST, 29 January 2024
Crypto News LIVE: 18 US Senators Rally Behind Crypto, Spark Legislative Buzz
18 US senators, led by Cynthia Lummis and Ted Cruz, champion the cryptocurrency sector, introducing favorable legislation. Meanwhile, 30 senators, including Mark Warner and Elizabeth Warren, push for stricter crypto regulations, sparking a regulatory debate in Congress.
05:20:16 PM IST, 29 January 2024
Crypto News LIVE: Mystery Shiba Inu Holder Transfers 307B SHIB to Coinbase
Shiba Inu witnesses enigmatic token transfers as an unknown holder moves over 307 billion SHIB to Coinbase, sparking intrigue in the crypto community. Amidst these mysterious transactions, SHIB’s price remains stable, suggesting a phase of accumulation in the market.
04:30:29 PM IST, 29 January 2024
Crypto News LIVE: Solana Price Holds Strong Above $97 Mark, Eyeing Next Breakout At $140
Solana price has recently demonstrated considerable steadiness in the fluctuating crypto market. It has successfully sustained a psychologically important level above the crucial $97 mark. This renewed interest from buyers has driven the value of this digital currency up by 10% within a week. Solana is trading at approximately $97.03, experiencing a slight 0.52% decrease over the past 24 hours.
04:10:11 PM IST, 29 January 2024
Crypto News LIVE: Conflux (CFX) Price Eyes $0.36 Target After Key Breakout
Over the last two months, the Conflux coin price has shown a steady trend, hinting at a bullish reversal with an inverted head and shoulders pattern. On January 26th, a notable surge in trading volume led to a breakthrough above the pattern’s neckline resistance at $0.215. Maintaining above this level could trigger a 52% rise, aiming for a $0.36 target, marking a significant shift in the coin’s trajectory.
03:50:03 PM IST, 29 January 2024
Crypto News LIVE: Bear Traps Encourage Polkadot (DOT) Price Rally to $9.5
In the daily time frame chart, the Polkadot Price showed the formation of a bearish reversal pattern called Head and Shoulder. On January 22nd, the broader market correction bolstered sellers to breach the pattern’s support to further strengthen their control over the asset. However, the buyers stepped in around $6 support and surged the price back above neckline support. Currently trading at $6.8, if the coin price leverage this failed breakdown, the buyers could lead a rally to $9.56.
03:37:15 PM IST, 29 January 2024
Crypto News LIVE: MANTA Price Springs 62% Following Manta Network Launch
The Manta price noted a 62% surge in its price recently, subsequent to successfully integrating a robust modular infrastructure for its users that empowers the construction and deployment of decentralized applications (dApps).
03:16:38 PM IST, 29 January 2024
Crypto News LIVE: Microsoft CEO Eyeing India For AI Development?
In a recent gust of developments, Microsoft CEO Satya Nadella unveiled plans to visit India on February 7th and 8th, with a scope-in on AI and its immense potential across the nation.
02:58:28 PM IST, 29 January 2024
Crypto News LIVE: Top Crypto Analyst Spotlights Bitcoin’s Buy The Dip Sentiment
Ali Martinez, a renowned crypto market analyst, recently highlighted Bitcoin’s current market dynamics, showcasing a surge in new BTC addresses and the growing wave of investor interest.
02:38:58 PM IST, 29 January 2024
Crypto News LIVE: Binance-Backed SkyArk Chronicles $15 Mln Funding Saga
Binance-backed gaming platform SkyArk Chronicles recently issued a statement claiming that the firm has completed a $15 million funding round led by Binance Labs. However, the statement was soon deleted, whereas Binance proclaimed that it did not participate in the gaming platform’s most recent funding round.
02:19:19 PM IST, 29 January 2024
Crypto News LIVE: Top Analyst Predicts MATIC Price Potential Rebound To $1.50
Leading crypto market analyst Michael van de Poppe recently anticipated that MATIC is gearing up for an upward push, although the token has been underperforming recently. He expects the next rally to push the token to the $1.25-$1.50 region.
01:49:18 PM IST, 29 January 2024
Crypto News LIVE: Futures ETF Not Needed For Spot XRP ETF
According to Bloomberg ETF analyst James Seyffart, a futures ETF is not required for an XRP spot ETF to be approved. However, a regulated market remains crucial for the SEC, when deciding to approve ETFs.
01:25:08 PM IST, 29 January 2024
Crypto News LIVE: Polyhedra Network Unveils Partnership With TNA Protocol
The Polyhedra Network recently announced plans to merge forces with the TNA Protocol, aiming to oversee the seamless transfer of Bitcoin name assets across Bitcoin, Bitcoin Layer-2s, Ethereum, and EVM-compatible chains.
12:57:06 PM IST, 29 January 2024
Crypto News LIVE: BitSwap Unveils OKX Wallet Integration
BitSwap, the first cross-chain swap for the Bitcoin ecosystem, recently announced plans to integrate the OKX wallet into its system, facilitating efficient trading for BRC20 assets on multiple blockchains.
12:37:01 PM IST, 29 January 2024
Crypto News LIVE: Top Analyst Foresees Solana To $113
Leading crypto market analyst ALI Martinez recently spotlighted Solana’s current market dynamics, predicting it to reach $113 ahead potentially.
12:16:49 PM IST, 29 January 2024
Crypto News LIVE: YieldMax Pursues SEC Approval For Bitcoin Options Income Strategy ETF
YieldMax, a prominent fund group, recently revealed that the firm has filed for a Bitcoin options income strategy ETF (YBIT) with the regulatory body, the U.S. SEC.
11:53:38 AM IST, 29 January 2024
Crypto News LIVE: Bitcoin Whales Reshuffle 4,675 BTC From Coinbase Institutional
In another significant crypto whale chronicle, Bitcoin whales shifted staggering amounts of BTC to and fro from Coinbase Institutional. As per on-chain data, a whale shifted 1,426 BTC from Coinbase Institutional to an unknown wallet, whereas another whale moved 3,249 BTC from an unknown wallet to Coinbase Institutional.
11:30:13 AM IST, 29 January 2024
Crypto News LIVE: Whale Offloads Over 27 Mln XRP To Bitstamp
As per on-chain data revealed by the blockchain tracker Whale Alert, an XRP whale shifted 27.7 million XRP to Bitstamp, a Luxembourg city-based CEX.
11:09:33 AM IST, 29 January 2024
Crypto News LIVE: DWF Labs Head’s X Account Compromised
According to a recent statement by the DWF Labs’ X handle, the X account of Andrei Grachev, the head of DWF Labs, got hacked.
10:50:10 AM IST, 29 January 2024
Crypto News LIVE: Renzo Unveils BNB Chain Support
Ethereum staking protocol Renzo recently announced plans to foster restaking with BNB Chain. Furthermore, bETH deposits on the DeFi platform start February 5.
10:31:24 AM IST, 29 January 2024
Crypto News LIVE: TRON Founder Justin Sun Spotlights Blockchain’s Role In Revolutionizing Finance
TRON Founder Justin Sun recently stated that blockchain is a technology curated to enhance the financial efficiency of humans. Since its inception into the economic realm, the technology has brought about phenomenal changes, and there is still a long way to go, according to Sun.
10:10:22 AM IST, 29 January 2024
Crypto News LIVE: Hong Kong Files For First Spot Bitcoin ETF
Harvest Hong Kong, a leading fund company in Hong Kong, recently submitted a spot Bitcoin ETF application to the Hong Kong SFC (Securities and Futures Commission), emerging as the nation’s first-ever organization to do so.
09:52:00 AM IST, 29 January 2024
Crypto News LIVE: STEPN-Linked Wallet Dumps GMT To Binance
As per the data revealed by Spot On Chain, a STEPN-linked wallet address, 0x8b3, recently deposited 14.34 million GMT to Binance.
09:31:40 AM IST, 29 January 2024
Crypto News LIVE: Shiba Inu Burn Rate Jumps 100%
As per data unveiled by the SHIB burn tracker, Shibburn, the token’s burn rate surged 117.4% over the past 24 hours with a 20.84% upswing noted over the past week.
09:28:17 AM IST, 29 January 2024
Crypto News LIVE: Top Analyst Foresees Solana Rally Ahead
Crypto market analyst Michael van de Poppe recently stated that the Solana (SOL) token is preparing itself for an upward momentum shortly ahead.
