A fake post from the earlier-compromised X account of the US Securities and Exchange Commission (SEC), saying the regulator had approved spot Bitcoin exchange-traded funds (ETFs) sent Bitcoin prices on wild swings on Tuesday. The OG cryptocurrency Bitcoin immediately jumped 2.5% on the fake news to $47,900 — the highest point in the last 19 […]

The U.S. Securities and Exchange Commission (SEC) finds itself at the center of a controversy following a hacking incident that disseminated false information about Bitcoin ETFs. According to securities lawyers, this situation has raised questions about market manipulation and the need for an internal investigation. SEC Hacking Triggers Bitcoin ETF Market Chaos The SEC’s official […]

In a recent security lapse, the U.S. Securities and Exchange Commission’s (SEC) official X (formerly Twitter) account fell victim to unauthorized access. This incident led to the dissemination of false information regarding the approval of Bitcoin ETFs, an assertion that the SEC has since firmly denied. Hacked Account Spreads False Bitcoin ETF Approval On Tuesday, […]

The U.S. Securities and Exchange Commission’s (SEC) Twitter (X) account was compromised by an unidentified individual, the Safety Team of the social media platform confirmed after conducting a preliminary investigation. Earlier, the crypto ecosystem went into disarray after the Bitcoin ETF announcement came from the SEC X Account was later claimed to be an unauthorized […]

With the likelihood of approvals for spot Bitcoin Exchange Traded Fund (ETF) products by the US Securities and Exchange Commission (SEC), Valkyrie’s Chief Investment Officer Steven McClurg has hinted that a spot Ethereum ETF and XRP ETF may also be around the corner. Spot Ethereum ETF: Is The Time Right? While Steven McClurg said he […]

Former White House communications director Anthony Scaramucci believes the drama around the unauthorized tweet about the approval of spot Bitcoin ETF might be a case of one of the U.S. Securities and Exchange Commission’s (SEC) employees prematurely sharing the message. The episode meant the US SEC facing heavy criticism around the mistake that had ‘market […]

Economist Peter Schiff has voiced his skepticism regarding Bitcoin, especially regarding the potential approval of U.S.-listed spot Bitcoin exchange-traded funds (ETFs). Schiff, known for his critical stance on cryptocurrencies, described Bitcoin as a failed digital currency, emphasizing its speculative nature. Peter Schiff’s Stance on Bitcoin and ETFs Schiff’s commentary is pivotal when the anticipation for […]

All major players in the Bitcoin exchange-traded product (ETP) rushed to amend S-1 forms before the SEC’s final deadline on Monday. Tuesday saw some stir due to a false SEC approval post, which was later identified as a hacking incident and removed from the official channel. In the meantime, applicants are adjusting their offerings, with […]

The U.S. Securities and Exchange Commission (SEC) took around fifteen minutes to dismiss its Bitcoin ETF approval post on X as false. While the Bitcoin price was well within range amid the chaos, memes against the SEC have created havoc. Notably, the cryptocurrency market experienced a brief period of volatility. But Bitcoin’s value swung within […]

U.S.-based software developer Bullet Blockchain on Tuesday said that it has purchased a network of 40 Bitcoin ATMs located in South Florida. The move comes at a time when the state of Florida has been in a dilemmatic situation with its crypto laws amid a difference between integration and government statements. Bullet Blockchain acquires Bitcoin […]