The US Securities and Exchange Commission (SEC) finds itself in a precarious situation following a compromising event involving its X (formerly Twitter) account. This has led to Ripple executives demanding answers. The account posted a false announcement stating that all spot Bitcoin ETF applications had been approved by the regulatory body, escalating concerns and demands […]
The United States Securities and Exchange Commission (SEC) has announced that it is working in conjunction with the Federal Bureau of Investigation (FBI) to probe a tweet that was issued from its X account on January 9.In a statement released on January 10, the SEC clarified that the tweet from January 9, which claimed that […]
Speculation is rife within the crypto community following a false announcement regarding the approval of spot Bitcoin exchange-traded funds (ETF) from the United States Securities and Exchange Commission’s (SEC) X account. The incident has led to questions about whether this was an inside job, designed to delay or halt the anticipated product.Gabor Gurbacs, the director […]
In an unexpected development, Coinbase, a leading cryptocurrency exchange, has extended its support to the U.S. Securities and Exchange Commission (SEC) following a security breach on the regulator’s social media account. The breach led to the posting of a fraudulent Bitcoin ETF approval message, sparking a flurry of conspiracy theories and speculation.The social media platform […]
The Financial Industry Regulatory Authority (FINRA), a self-regulatory body overseeing securities broker-dealers in the US, has included a section on crypto assets in its 2024 Annual Regulatory Oversight Report for the first time. The authority advises users to exercise caution when engaging in crypto asset-related activities and urges firms to address the regulatory challenges and […]
Sam “SBF” Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has retained new legal representation ahead of his sentencing hearing for seven criminal charges. The notice was filed on January 9 in the United States District Court for the Southern District of New York by Torrey Young and Marc Mukasey of Mukasey Young LLP, who […]
A security breach at the United States Securities and Exchange Commission (SEC) has led to the spread of false information about the approval of spot Bitcoin ETFs, sparking a thorough investigation by US Senators J.D. Vance and Thom Tillis. The senators have sent a detailed letter to SEC Chairman Gary Gensler, demanding clarity and explanations […]
The Bitcoin market experienced significant volatility due to fake news originating from a compromised X (formerly Twitter) handle, according to Greeks.live, a popular crypto options trading platform. This unexpected event led to a substantial increase in RV, while IV saw a slight decrease.The market is eagerly awaiting the approval of a spot Bitcoin ETF by […]
In a surprising development, San Francisco-based cryptocurrency exchange, Coinbase, has offered to assist the United States Securities and Exchange Commission (SEC) with cybersecurity following a breach of the SEC’s social media account. This proposal comes despite an ongoing legal dispute between the two entities.On January 9, the cryptocurrency market was disrupted by a post from […]
Celsius Network, a bankrupt cryptocurrency lending company, has taken a significant step by issuing a filing to the United States Bankruptcy Court. The filing, submitted on Thursday, January 9, is for the settlement of Withdrawal Preference Exposure (WPE) and targets large investors.The company has requested account holders who withdrew $100,000 or more worth of crypto […]
