The SEC's X account hacked, false Bitcoin ETF approval sends shockwaves through the market!
The cryptocurrency market was thrown into chaos after a false announcement on the SEC's social media account claimed the approval of a spot Bitcoin exchange-traded fund (ETF). Bitcoin prices swung sharply as investors reacted to the misleading post, highlighting the sensitivity and volatility of the market to regulatory news. The SEC clarified that its X account was compromised, denying any approval of Bitcoin ETFs, leading to confusion and wild fluctuations in cryptocurrency prices. Traders were left on edge as the news spread, showcasing the significant impact of regulatory decisions on the crypto space.
Meanwhile, investors eagerly await the SEC's final decision on the much-anticipated spot Bitcoin ETF, with major asset managers like BlackRock and Fidelity in the race for approval. The potential approval of a Bitcoin ETF is expected to revolutionize the cryptocurrency market, similar to the impact of gold ETFs in 2004. If greenlit, the ETF could attract a new wave of institutional investors and further legitimize Bitcoin as a mainstream financial asset.
In a surprising turn of events, SEC Chair Gary Gensler issued a second crypto warning, emphasizing the need for compliance in the industry. Gensler's cautious stance added to the uncertainty surrounding the ETF decision, with the market eagerly watching for any developments. The frenzy surrounding the Bitcoin ETF decision highlights the growing influence of regulatory bodies in shaping the future of digital assets, underscoring the intricate relationship between government oversight and cryptocurrency market dynamics.
1/8 update below. This post was originally published on January 6. Bitcoin and crypto prices—including major coins ethereum, XRP XRP 0.0% and solana—have ...
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Prospective issuers such as BlackRock Inc., Fidelity Investments and Ark Investment Management updated paperwork with the Securities and Exchange Commission, ...
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Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission's official X account claimed the ...
The SEC said it had not yet granted approval of spot-Bitcoin exchange traded funds, despite a post on X that appeared from the regulator's official account.
The U.S. securities regulator said someone briefly accessed its X social media account on Tuesday and posted a fake message saying it had approved exchange ...
The X account of the Securities and Exchange Commission announced the approval of an investment product linked to Bitcoin. It wasn't true.
The Securities and Exchange Commission told DL News: “The unauthorised tweet regarding bitcoin ETFs was not made by the SEC or its staff.”
Price of bitcoin briefly spikes more than $1000 as ETF would give a way to invest without having to buy outright on a crypto exchange.
A highly anticipated decision by the US Securities and Exchange Commission on whether to approve a spot-Bitcoin exchange-traded fund quickly morphed into a ...
But the Securities and Exchange Commission (SEC) shortly after said the announcement, in a post on X, was not made by its staff, confusing investors and sending ...
Chairman Gary Gensler said on his personal account that the SEC had not approved the listing and trading of spot bitcoin exchange-traded products.
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