Crypto News 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, a preliminary investigation into the incident by Elon Musk-led X found SEC’s account was breached, with an unidentified individual gaining control of a phone number linked to the account via a third party. Amid all the chaos, 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.
Meanwhile, in an attempt to outbid almost a dozen rivals vying to introduce similar investment vehicles, BlackRock and Ark Investment Management have reduced the costs associated with their planned spot bitcoin exchange-traded funds (ETFs).
Elsewhere, The Chicago Board of Mercantile Exchange (CBOE) has authorized four possible spot Bitcoin ETFs for trading on its platform.
Crypto News LIVE: Bitcoin ETF from ARK, VanEck Listed on Fidelity
Bitcoin ETFs from ARK and VanEck get listed on Fidelity’s trading platform.
Crypto News LIVE: Wahle Movement Amid Volatile Market Sees Bitcoin Worth $22 Million Being Transfered
In a volatile trading session and sloppy market moves, a whale transaction saw bitcoin worth over $22 million being transferred into a CoinBase account.
🚨 500 #BTC (22,702,806 USD) transferred from unknown wallet to #Coinbasehttps://t.co/Susfss16k6
— Whale Alert (@whale_alert) January 10, 2024
Crypto News LIVE: Platform X Removes Option NFT Profile Photos
The option to use an NFT as your profile photo on platform X appears to be being cancelled. The cancellation comes almost exactly two years after the social media site started offering it.
Crypto News LIVE: CBOE Approves Multiple Spot Bitcoin ETFs
In anticipation of approval from the US Securities and Exchange Commission (SEC), the Chicago Board of Mercantile Exchange (CBOE) has authorized four possible spot Bitcoin ETFs for trading on its platform.
Crypto News LIVE: CBOE Submits "Request for Acceleration"
CBOE has submitted a “request for acceleration” in order to launch four Bitcoin ETFs by tomorrow.
BREAKING‼️ CBOE has lodged a "request for acceleration" to list 4 #Bitcoin ETFs by tomorrow. pic.twitter.com/op5m38eruy
— Bitcoin Archive (@BTC_Archive) January 10, 2024
Crypto News LIVE: Cosmos Hub Votes on Proposal to Establish Zero Minimum ATOM Inflation
Members of the Cosmos central hub network community have begun to cast votes on a proposal that would drastically alter the network’s economic policies by lowering the minimum inflation parameter from the current 7% to 0%.
The objective of the proposal is to reduce the InflationMin parameter to 0%.
Crypto News LIVE: Market Volatility After Fake ETF Approval Results in $230 Million Liquidations
The notification on the approval of a spot bitcoin ETF sent shock waves across the market on Tuesday. The market moved erratically after this and the total amount of liquidations for all leveraged cryptocurrency positions, according to Coinglass data, came in at $230 million. With $140 million lost and $91 million in short positions liquidated, long holdings accounted for the majority of the liquidations.
Crypto News LIVE: Senator Bill Hagerty Scrutinizes SEC Over Hacked Social Media
Senator Bill Hagerty calls the SEC’s “hacked” Bitcoin ETF announcement “unacceptable” and says Congress must find out why the incident happened.
Crypto News LIVE: HashKey COO Says 10 HK Firms Eye Spot Crypto ETFs
The Chief Operating Officer of HashKey, Livio Weng, recently discussed the growing interest in Bitcoin investment products in the city. Weng revealed that roughly 10 asset management companies are actively considering the potential of introducing spot cryptocurrency exchange-traded funds (ETFs) in Hong Kong, a move that suggests expansion in the cryptocurrency market. This development demonstrates how the area is increasingly embracing digital assets.
Crypto News LIVE: SEC To Investigate Itself for Market Manipulation
In the wake of the social media attack, securities attorneys told FOX Business that the SEC “will have to investigate itself for market manipulation”.
BREAKING: Securities lawyers tell FOX Business the SEC "will have to investigate itself for market manipulation" following the hacked #Bitcoin ETF approval post.
— Bitcoin Magazine (@BitcoinMagazine) January 9, 2024
Crypto News LIVE: JP Morgan CEO Gives Scoffing Remarks on Bitcoin
JP Morgan’s CEO Jamie Dimon says in an interview with Fox Business said “Bitcoin doesn’t have value and is used in for sex trafficking, terrorism financing etc.”
The remarks come at a uncanny statement as JP Morgan is an ‘Authorised Participant’ for BlackRock’s Bitcoin ETF
‼️JP Morgan CEO says "#Bitcoin doesn't have value….use cases are sex trafficking, terrorism financing etc…"
JP Morgan is an 'Authorised Participant' for BlackRock's #Bitcoin ETF pic.twitter.com/5Z0oNKDxzs
— Bitcoin Archive (@BTC_Archive) January 10, 2024
Crypto News LIVE: Bitcoin Can Hit $150K Mark In 12 Months: Tom Lee
In a recent interview on CNBC Squawk Box, Tom Lee, co-founder of Fundstrat, made bold predictions about Bitcoin price, stating that he believes the cryptocurrency could hit $150,000 within the next 12 months.
Crypto News LIVE: SEC's Account Breach Raises Questions on Social Media Platform's Credibility: Bloomberg
The social network X’s security measures and dependability as a source of information was called into doubt when the US Securities and Exchange Commission revealed that its account had been “compromised”, Bloomberg writes in a report.
Crypto News LIVE: M&G's Funds CEO Urges Global Approach to Tokenization
Following the UK government’s support of an industry-led roadmap last year for funds to adopt blockchain technology, the CEO of M&G’s asset management division has called for communication amongst international regulators to guarantee a uniform regulatory environment for fund tokenization.
Crypto News LIVE: BitMEX Co-Founder Hayes Joins Ritual as an Advisor
Co-founder of BitMEX Arthur Hayes has become an advisor on Ritual, a decentralized AI platform, according to a report by The Block.
Hayes joins Ritual’s existing board of advisors, including crypto alumni such as NEAR Protocol co-founder Illia Polosukhin, EigenLayer founder Sreeram Kannan, and Gauntlet founder and Robot Ventures GP Tarun Chitra.
Crypto News LIVE: Bloomberg Analysts Expect Bitcoin ETF Approval to Come Anytime Till 6 PM EST
Bloomberg analysts are predicting the Bitcoin ETF approval to come anytime from now till 6 PM EST.
BREAKING: BLOOMBERG ANALYST GUESSES AT #BITCOIN ETF APPROVAL BETWEEN NOW AND 6PM EST
— BSCN Headlines (@BSCNheadlines) January 10, 2024
Crypto News LIVE: Turkey Nears Last Stages of Crypto Asset Rules: Finance Minister
Turkey’s Finance minister Mehmet Simsek’s statement on Wednesday said the last stages of the country’s crypto asset rules are nearing completion, according to a report published by Reuters. These regulations are anticipated to provide trading platforms with operating requirements and licenses.
According to Simsek, the laws are intended to lower the danger of trading cryptocurrency assets and assist the nation in being removed from the “grey list” of nations that monitor financial crime, as reported by the state-run Anadolu news agency.
Crypto News LIVE: Brevan Howard to Tokenize At-Least One of Its Funds
Asset manager Brevan Howard, the latest financial titan to dabble in blockchain money, intends to tokenize at least one of its funds through a collaboration with a startup funded by Nomura’s Laser Digital.
Crypto News LIVE: Phoenix Group to Buy Mining Rigs Worth $187 Million
Phoenix Group, a Bitcoin mining and distribution company based in the United Arab Emirates, reported that it has paid $187 million to acquire mining rigs from Bitmain. The collaboration follows Phoenix’s earlier agreement to pay $136 million for mining rigs from Whatsminer, a rival company of Bitmain.
Crypto News LIVE: Blackrock and Ark Cut Down Fee for Proposed Bitcoin ETFs
In an attempt to outbid almost a dozen rivals vying to introduce similar investment vehicles, BlackRock and Ark Investment Management have reduced the costs associated with their planned spot bitcoin exchange-traded funds (ETFs).
The iShares Bitcoin Trust offered by BlackRock would now charge 0.25% instead of the previous cost of 0.30%. The ARK 21Shares Bitcoin ETF now charges 0.21% instead of 0.25%, according to Reuters.
Crypto News LIVE: Monetary Authority of Singapore to Likely Get Wider Investigative Powers
The Monetary Authority of Singapore (MAS) is expected to receive more investigation authority, including the ability to seize evidence, according to a report published by Bloomberg. The law that was introduced to parliament on Wednesday will also increase the authority of MAS to direct holders of capital markets services licenses who engage in unregulated activities, like Bitcoin futures.
The Monetary Authority of Singapore is likely to get wider investigative powers including seizing evidence under proposed legislation https://t.co/WFiavqnAUO
— Bloomberg Crypto (@crypto) January 10, 2024
Crypto News LIVE: Shiba Inu Burn Rate Skyrockets Over 2500% Amidst Massive Whale Movement
The Shiba Inu (SHIB) burn rate rose a whopping 2,510% spike on Wednesday, with over $9.3 billion SHIB tokens sent to burn addresses over the last 24 hours. The development coincident with massive whale movement, with nearly $13.6 million worth of SHIB withdrawn from crypto exchanges Binance and Gate in the past 24 hours.
Crypto News LIVE: Concerns Mount Over X's Security As SEC Account Hacked
Elon Musk-owned X has come under renewed focus after the SEC’s X account was allegedly “compromised” to spread false rumours that the agency had given the nod to spot Bitcoin ETFs. Critics have raised concerns about the platform’s security, as the false news around the much-awaited approval of spot Bitcoin products sent BTC prices on wild swings, wiping out millions of dollars worth of investor money.
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.
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.
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”.
Where do think the "approval" tweet came from?
— Eric Balchunas (@EricBalchunas) January 9, 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.
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.
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.
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.
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.
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.
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.
On TV right on talking about this.. and yes, I think someone prepped a planned tweet and put wrong date, bc the tweet would have made PERFECT sense tomorrow at this time. The language sounds legit SEC-ish IMO vs a crypto knucklehead pulling a prank but I guess we'll see.. https://t.co/lP6Nghi6fq
— Eric Balchunas (@EricBalchunas) January 9, 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.
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.
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.
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.”
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.
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.
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.
Crypto News LIVE: Senator Demands Transparency
US Senator Cynthia Lummis said fraudulent announcements can manipulate markets. “We need transparency on what happened,” she demanded.
