The cryptoverse experienced a rollercoaster ride on Tuesday, with Bitcoin prices soaring and plummeting due to a fabricated news flash from the Securities and Exchange Commission (SEC). The SEC’s official account on X, formerly known as Twitter, falsely claimed the approval of spot Bitcoin exchange-traded funds (ETFs), causing Bitcoin to surge 3% towards a 20-month […]
The U.S. Securities and Exchange Commission (SEC) was recently embroiled in a cybersecurity breach and subsequent trust crisis. On January 9, hackers infiltrated the SEC’s social media account, falsely announcing the approval of spot Bitcoin exchange-traded funds (ETFs).The SEC quickly clarified that it had not endorsed any Bitcoin ETF applications, contradicting the misleading announcement made […]
United States Senators J.D. Vance and Thom Tillis have urged the United States Securities and Exchange Commission (SEC) to submit a report to Congress regarding the Jan. 9 breach of the SEC’s X account. The senators expressed their concerns about the incident in a letter to SEC Chair Gary Gensler, stating that it raised serious […]
The crypto market recently experienced a significant event when the Securities and Exchange Commission’s (SEC) account was hacked. This led to a fake tweet about the approval of a spot Bitcoin ETF, causing a market whiplash that resulted in a $56 million liquidation within an hour.Meanwhile, Ethereum Classic’s price, which was following a micro bearish […]
Fox Reporter Eleanor Terrett has brought to light a significant procedural detail of the U.S. Securities and Exchange Commission (SEC) that could impact the approval of the much-anticipated spot Bitcoin Exchange-Traded Fund (ETF). Terrett revealed on January 9th that while there is no scheduled commission vote on the Bitcoin ETF, each of the five SEC […]
The United States Securities and Exchange Commission (SEC) has recently faced a security breach due to the lack of two-factor authentication (2FA) on its main X account. This lapse in security allowed a hacker to gain unauthorized access to the account, causing a significant disturbance in the crypto markets with a false confirmation of a […]
The United States Securities and Exchange Commission (SEC) is expected to proceed with a decision on spot Bitcoin exchange-traded funds this week, despite a recent hack of its social media account. The SEC’s X account was compromised on Jan. 9, with an unknown party using the account to falsely announce that spot Bitcoin ETFs were […]
The price of Bitcoin saw dramatic fluctuations following a security breach on the official Twitter account of the US Securities and Exchange Commission (SEC). A fraudulent tweet was posted at 4:11PM EST on Tuesday, falsely announcing the approval of a spot Bitcoin exchange-traded fund (ETF). The misleading information led to a surge in Bitcoin’s price […]
The price of Bitcoin saw dramatic fluctuations following a security breach on the official Twitter account of the US Securities and Exchange Commission (SEC). A fraudulent tweet was posted at 4:11PM EST on Tuesday, falsely announcing the approval of a spot Bitcoin exchange-traded fund (ETF). This led to a surge in Bitcoin’s price from around […]
Asset managers WisdomTree and Valkyrie have announced temporary fee waivers for their spot Bitcoin ETF applications, according to Bloomberg ETF analyst James Seyffart. WisdomTree will waive its fees for six months or the first $1 billion of assets, reducing fees from 0.30% to zero during the waiver period. Valkyrie Investments will waive its fees for […]
