This isn't the first time false news has caused Bitcoin's price to spike. Last October,mistaken reports that the SEC had approved investment company BlackRock's iShares Bitcoin ETFdrove the cryptocurrency's value to a peak of $30,000. It soon fell back down after the reports were debunked...
The market's hypersensitivity to Bitcoin and ETF related news is evident in the sensational growth attributed to a recent fake news headline. Aspurious headlinedeclaring the SEC's approval of BlackRock's spotBTCETF led to a precipitous surge of 7%, catapulting Bitcoin price to an incredible high...
The FBI says that Eric Council Jr. used a SIM swapping attack to make a fake X post from @SEC claiming Bitcoin ETFs had been approved. ByEmma Roth,a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor...
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Bitcoin ETF deadline It’s today — the long-awaited deadline for the US Securities & Exchange Commission to vote on spot-Bitcoin ETF applications. If crypto markets weren’t dramatic already, the SEC’s X account was hacked on Tuesday and a fake post was published claiming that the agency...
Due to lax security measures on the SEC’s official Twitter account, a hacker creatednumerous fake tweetsregarding Bitcoin ETF approval, in early 2024. It caused over $90 million in liquidations. Market participants questioned how an authority responsible for safeguarding billion-dollar markets failed...
Fake Bitcoin ETF news pumps price to $30,000 Apple’s macOS has a hidden Bitcoin easter egg Deals Store your cryptocurrency with this secure wallet on sale Here's how you could win $8,000 in Bitcoin, investing classes, and more Learn the basics of Bitcoin with some help from a pro...
Government approval for a Bitcoin ETF injects a much-needed jolt of good news for the ailing sector. But, as some critics fear, the financial product could widen the reach of crypto and pose further risk. "We believe retail investors should wait to see whether these ...
Fake bitcoin post shows SEC crypto quandaryPremiumcontent Ark’s Cathie Wood — whose firm will not impose its 0.21 per cent fee until six months after launch or until its ETF reaches $1bn — characterised bitcoin as a “public good” and said she was comfortable using the product as a lo...
Exchange traded funds Price war for spot bitcoin ETF heats up ahead of key SEC ruling The SEC has long argued that spot bitcoin ETFs cannot guarantee the same level of protection to investors as traditional investment products. Gensler on Monday posted a short thread on X outlining potential dra...