$64,080.59
-0.29%
$3,475.30
-0.55%
$74.47
-0.16%
$23.72
-1.9%
$162.84
-2.43%
$0.00
-0.03%
$22.96
-1.88%
$0.12
-0.76%
$19.75
-1.31%
$0.00
-2.74%

Crypto News LIVE Updates: SEC Lands In Soup Over Fake Bitcoin ETF ‘Approval’ Post


Crypto News LIVE Updates: The US Securities and Exchange Commission (SEC) is facing mounting criticism after the agency’s X account allegedly got hacked to spread misinformation that spot Bitcoin ETFs had been approved. Critics argue that there’s another side to the story and that the SEC could have been behind the “approval” tweet all along. While Bloomberg analyst Eric Balchunas reckons it was a case of a “scheduled tweet gone bad,” VanEck Strategy Advisor Gabor Gurbacs believes it was an inside job.

However, Elon Musk-led X said SEC’s account was breached and that an unidentified individual gained control of a phone number linked to the account via a third party. Amid all this hullabaloo, top executives at crypto exchange Coinbase extended an olive branch to SEC Chair Gary Gensler, who had earlier debunked the false spot Bitcoin ETF approval news.

 

 

 

Live

03:43:43 PM IST, 10 January 2024

Crypto News LIVE: Top Coinbase Execs Extend Olive Branch To SEC After Hack Incident

Top executives at crypto exchange Coinbase — Chief Security Officer Philip Martin and Chief Legal Officer Paul Grewal — extended support to the US SEC after its X account was allegedly “compromised” to spread misinformation that spot Bitcoin ETFs had been approved.

03:19:58 PM IST, 10 January 2024

Crypto News LIVE: SEC’s Spot Bitcoin ETF Approval Post Was An ‘Inside Job’, Says VanEck Advisor

Taking aim at the US securities watchdog in the aftermath of the fake spot Bitcoin ETF approval announcement, VanEck’s Strategy Advisor Gabor Gurbacs said it was an “inside job.” Bloomberg analyst Eric Balchunas and former White House communications manager had echoed similar sentiments earlier, suggesting that an SEC staff member may have mistakenly shared the news.

02:17:59 PM IST, 10 January 2024

Crypto News LIVE: More than 83% of Voters Believe Spot Bitcoin ‘Approval’ Tweet Came From ‘Inside the SEC’

After the US SEC Chair publicly acknowledged that the agency’s X account was hacked to spread false news that spot Bitcoin ETFs were approved, Bloomberg ETF analyst Eric Balchunas posted a poll on X, asking users where the “approval” tweet came from. More than 83% of users who participated in the poll said it came from “inside the SEC”.

01:51:05 PM IST, 10 January 2024

Crypto News LIVE: Binance Futures Is Giving Away $170K USDC in New Promotional Campaign

Binance Futures has kicked-off a promotional campaign, with the goal of raising public awareness about its new USDC-margined perpetual contracts, associated with BTC, ETH, BNB, SOL, and XRP. As part of the scheme, Binance Futures will reward crypto traders with $170,000 worth of USDC.

01:32:14 PM IST, 10 January 2024

Crypto News LIVE: XRP Community Accuses SEC of Market Manipulation After Fake Bitcoin ETF Approval Announcement

In the aftermath of the fake spot Bitcoin ETF approval announcement, the US securities watchdog is facing backlash from the XRP community, with some accusing the agency of market manipulation while questioning its integrity.

12:55:10 PM IST, 10 January 2024

Crypto News LIVE: BitMEX’s Plan To Send Bitcoin To Moon Suffers Setback As Peregrine 1 Lander Encounters Propulsion Issues

A joint venture between BitMEX and Astrobotic aiming to send one physical Bitcoin to the moon has been dealt with a major blow, with BitMEX’s Peregrine 1 lunar lander suffering from fuel leak and propulsion problems.

12:34:06 PM IST, 10 January 2024

Crypto News LIVE: Apple Blocks Apps of Crypto Exchanges Binance, OKX, Kukoin in India

Tech giant Apple has pulled mobile apps of at least 8 prominent crypto exchanges, such as Binance, Kraken, OKX, and Kukoin, from its App Store in India. The move comes after a government agency hit these exchanges with a show-cause notice for “illegally” operating in the country.

12:11:23 PM IST, 10 January 2024

Crypto News LIVE: More than 90% Bitcoin Holders Sitting On Profits Despite Rout

The OG cryptocurrency Bitcoin has made a stellar recovery over the last two months, with BTC prices hitting a 19-month high of $47,900 on Tuesday. Even as Bitcoin retreated to $46,000 levels amid fake spot Bitcoin ETF approval announcement, a recent report by  Glassnode revealed that more than 90% of BTC holders are currently sitting at profits.

12:02:51 PM IST, 10 January 2024

Crypto News LIVE: Bitcoin ETF’s Influence on BTC Price Was Short-Lived

The market volatility spurred by the fake announcement that spot Bitcoin ETFs were approved in the US was short-lived. After dropping to $45,100 on Tuesday, Bitcoin (BTC) price showed signs of recovery in early morning trade on Wednesday, trading just a shade below $46,000.

11:36:36 AM IST, 10 January 2024

Crypto News LIVE: SEC Behind Bitcoin ETF Approval Mix-Up, Says Bloomberg Analyst

The SEC is under fire after its X account was allegedly “compromised” to spread false rumours that spot Bitcoin ETFs had been approved. Bloomberg ETF analyst Eric Balchunas argues that the mix-up was the result of the SEC’s negligence.

11:00:21 AM IST, 10 January 2024

Crypto News LIVE: “Rich Dad Poor Dad” Author Raises Bitcoin Growth Prospects

“Rich Dad Poor Dad” author Robert Kiyosaki is extremely bullish on Bitcoin in the wake of the much-awaited spot Bitcoin ETF approval in the US. So much so that he has upgraded his growth prospects for Bitcoin, indicating that the OG cryptocurrency is set to reach $150,000.

10:41:37 AM IST, 10 January 2024

Crypto News LIVE: Bitcoin Holds Above $46K Despite Turmoil Caused By Fake Bitcoin ETF Approval News

Bitcoin (BTC) price crashed to $45,100 after news that the SEC had approved spot Bitcoin ETFs turned out to be false alarm. However, the OG cryptocurrency has recouped some losses, and last changed hands above $46,000.

10:04:00 AM IST, 10 January 2024

Crypto News LIVE: Gensler’s Response To Fake Bitcoin ETF Approval News ‘Immortalized’ Into Bitcoin Ordinals

SEC Chair Gary Gensler’s comments that the agency’s X account was “compromised” to spread false news that spot Bitcoin ETFs had been approved have now been archived in an Ordinals Inscription by digital artist Billy Restey.

09:45:41 AM IST, 10 January 2024

Crypto News LIVE: Former White House Official Calls SEC Chair Gary Gensler A Liar

Former White House communications director Anthony Scaramucci said  SEC Chair Gary Gensler was lying when he said the agency’s X account was “compromised”. Scaramucci believes an SEC staff member prematurely shared the news, which he says, reflects “the amateurish and dishonest nature of the current SEC leadership regime.”

09:22:25 AM IST, 10 January 2024

Crypto News LIVE: Bitcoin ETF Approval Could Collapse BTC Price, Warns Peter Schiff

Amid the chaos fuelled by false news that the SEC has given its blessing to Bitcoin exchange-traded funds, prominent Bitcoin critic and Gold proponent Peter Schiff has warned investors that BTC prices could decline even after the federal regulator grants approval to spot Bitcoin ETFs.

08:59:24 AM IST, 10 January 2024

Crypto News LIVE: X Confirms SEC Account Was Compromised

The Safety team of X platform confirmed Chair Gary Gensler’s claims that the SEC X account was indeed compromised based a preliminary investigation. The hacking was due to an unidentified individual obtaining control over a phone number associated with the SEC account through a third party.

08:29:35 AM IST, 10 January 2024

Crypto News LIVE: Bitcoin Will Be Approved Twice

In what appears to be a cryptic statement, MicroStrategy chairman Michael Saylor said Bitcoin would be the only thing to be approved twice by the US SEC. This shows confidence around the eventual approval of Bitcoin ETF.

08:27:35 AM IST, 10 January 2024

Crypto News LIVE: Senator Demands Transparency

US Senator Cynthia Lummis said fraudulent announcements can manipulate markets. “We need transparency on what happened,” she demanded.





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