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enterprisewired · 5 months
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SEC Denies Bitcoin ETF Approval in Response to False Social Media Post
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The U.S. Securities and Exchange Commission (SEC) moved swiftly to dispel rumors of Bitcoin Exchange-Traded Funds (ETFs) approval, following a deceptive message posted on social media. A tweet from the compromised @SECGov X/Twitter account erroneously claimed that the SEC had greenlit Bitcoin ETFs, triggering a momentary surge in Bitcoin’s value before a sharp decline below $46,000.
Unauthorized Access Detected by SEC
An SEC spokesperson confirmed that their X account suffered unauthorized access by an unknown entity just after 4 p.m. ET. Emphasizing a commitment to cooperation with law enforcement, the SEC pledged a thorough investigation into the breach and any associated misconduct.
Amidst the tumult, the SEC is expected to make a decisive ruling on Bitcoin ETFs this week, marking a potential turning point after a history of resistance. A notable number of asset management firms, including those who updated registration statements on Tuesday morning, have fervently applied to establish such a fund.
Impact of Potential ETF Approval
Bitcoin’s recent surges have been partly fueled by hopes pinned on the approval of spot Bitcoin ETFs. Unlike existing funds tied to Bitcoin futures, these ETFs could attract a fresh cohort of investors, including cautious financial advisors, drawn by the relative simplicity of ETFs compared to Bitcoin custody complexities.
Spot Bitcoin ETF approval post by @SECGov was ‘unauthorized’
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Gensler’s Stance and Regulatory Actions
SEC Chair Gary Gensler, renowned for his skepticism toward cryptocurrencies, has led the commission in robust actions against the crypto sphere. He previously cautioned investors about the risks entwined with crypto-related products via social media.
Past Legal Battles and Speculation
In a significant legal tussle last year, the SEC faced a setback against crypto asset manager Grayscale, which sought approval to convert a Bitcoin-held over-the-counter trust into an ETF. The SEC’s decision not to appeal this ruling has sparked speculation that the regulator might lean towards approving Bitcoin ETFs.
The potential approval of Bitcoin ETFs carries far-reaching implications for the crypto market, potentially unlocking access for a broader base of investors. However, amidst the chaos sowed by the false social media announcement, coupled with the SEC’s ongoing investigations, the fate of these ETFs remains shrouded in uncertainty, hinging on the SEC’s forthcoming decision. As the market eagerly awaits developments, the landscape of crypto investments teeters on the edge, influenced by regulatory decisions and market dynamics.
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shafiul1 · 1 year
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Bitcoin is BOOMING - Are You Investing NOW?
Bitcoin is BOOMING - Are You Investing NOW? Bitcoin is on the rise and it's time to invest! In this video, I'm going to share with you why bitcoin is booming and how you can make money off this digital currency. Bitcoin is a digital currency that is growing in popularity all over the world. If you're looking to make some money, then it's time to invest in bitcoin! This is a high-risk investment, but if you're prepared to take risks, you could make a lot of money by investing in bitcoin. So don't wait - invest in bitcoin today! Bitcoin has risen by almost 39% since the beginning of January, with the price of the cryptocurrency briefly reaching $23,000 on January 23rd. The increase in price is thought to be due to news of another crypto bankruptcy, as well as bets on a Federal Reserve "pivot" to cutting interest rates. The price of the second-biggest digital coin, ether, also rallied to reach $1,664.78 on January 22nd. Investors are hoping for a reversal in the monetary tightening that affected market players last year, and are optimistic about central banks easing the pace of rate rises or even cutting rates this year. 💻 💻 Watch more video 💻💻 __________________________________________________ 
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sobahan784 · 1 year
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Bitcoin is BOOMING - Are You Investing NOW?
Bitcoin is BOOMING - Are You Investing NOW? Bitcoin is on the rise and it's time to invest! In this video, I'm going to share with you why bitcoin is booming and how you can make money off this digital currency. Bitcoin is a digital currency that is growing in popularity all over the world. If you're looking to make some money, then it's time to invest in bitcoin! This is a high-risk investment, but if you're prepared to take risks, you could make a lot of money by investing in bitcoin. So don't wait - invest in bitcoin today! Bitcoin has risen by almost 39% since the beginning of January, with the price of the cryptocurrency briefly reaching $23,000 on January 23rd. The increase in price is thought to be due to news of another crypto bankruptcy, as well as bets on a Federal Reserve "pivot" to cutting interest rates. The price of the second-biggest digital coin, ether, also rallied to reach $1,664.78 on January 22nd. Investors are hoping for a reversal in the monetary tightening that affected market players last year, and are optimistic about central banks easing the pace of rate rises or even cutting rates this year. 💻 💻 Watch more video 💻💻 __________________________________________________ 
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cryptoworldpage · 1 year
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South African grocery retailer Pick n Pay is now accepting Bitcoin in all of its 1,628 stores following a three-month pilot testing phase in 39 locations. As part of its nationwide rollout, store customers will be able to pay for items using cryptocurrency via smartphone apps or by scanning a QR code and accepting the South African rand’s conversion rate at the time of payment. To pay with BTC, customers will need a Bitcoin Lightning Wallet and the CryptoQR scanner app from CryptoConvert, which is linked to the Bitcoin Lightning Wallet. The payment process requires users to scan an item’s QR code through the CryptoQR app and then proceed to the Lightning Wallet to confirm the rate and complete the transaction. The move came after the country’s financial regulator, the Financial Sector Conduct Authority (FSCA), amended its financial advisory legislation in October to classify crypto assets as financial products, bringing cryptocurrencies under regulation for the first time in South Africa and allowing financial service providers to offer crypto-assets both domestically and internationally. Among the African nations, South Africa appears to be making considerable progress in adopting cryptocurrency. South Africa ranks 30th globally in terms of cryptocurrency adoption according to Chainalysis’ 2022 Global Crypto Adoption Index. It has been estimated that about 10% to 13% of the South African population holds crypto assets. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #picknpay #pickandpay #picknpayclothing #cryptoadoption #cryptonewsdaily #cryptoworldpage #btcnews #bitcoinprice #bitcoinupdate #mzansinews #southafricans #southafricanblogger https://www.instagram.com/p/CoKNZlXoqbV/?igshid=NGJjMDIxMWI=
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danielmathew22 · 4 months
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Explore the roadmap to success for crypto businesses amidst Bitcoin's $50k surge in 2024. As Bitcoin rates soar, crypto exchanges witness heightened activity, drawing more users eager to capitalize on the bullish trend. Discover strategies to thrive in this dynamic market landscape.
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manojadvert · 10 months
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Articles and Bitcoin news today are talking about the weekend crypto market recap. However, here is a social infographic to assist you understand better.
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cybertheticproject · 2 years
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The final stage of Ethereum’s “Merge” is now about a week away. Expected to finish around Sept. 15, it will change the mechanics of processing transactions from the current “proof of work” system to a method based on “proof of stake,” designed to be far less energy intensive. Among other changes, it will eliminate the process of “mining” Ether tokens. Several decentralized finance (DeFi) protocols are now setting limits around ETH lending, as speculators load up on the asset in anticipation of a potential windfall. Compound users, for instance, today passed a vote to set a borrow cap of 100,000 ETH and increased interest rates for large borrowers. #Bitcoin #btc #cryptotip #cryptocurrency #cryptocurrencies #crypto #bitcoinupdates #bitcoinprice #lifechangingwealth #passiveincome #bitcoin #hodl #generationalwealth #millionairemindset #billionairemindset #cryptomillionaire#Bitcoin #btc #cryptotip #cryptocurrency #cryptocurrencies #crypto #bitcoinupdates #bitcoinprice #lifechangingwealth #passiveincome #bitcoin #hodl #generationalwealth #millionairemindset #billionairemindset #cryptomillionaire https://www.instagram.com/p/CiTDwbIu1rv/?igshid=NGJjMDIxMWI=
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cryptocurrency21 · 1 year
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#cryptocurrencies #cryptotrading #bitcoinnews Many of Indians are not even aware that crypto is not banned in india, also majority of crypto investors are afraid about the future of Crypto in India. G20 meeting happening in india has a lot of points to understand and see positive news about crypto. Let’s watch this Complete Video and understand the whole thing.. G20 Crypto India BIG Updates | Crypto Ban India Possible?? | Bitcoin analysis 2023 India Big News Crypto
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Bull Trap - What It Is And How To Profit From It
Crypto Bull Trap - What It Is And How To Profit From It - What Is A Bull Trap? - How To Make Money From A Bull Trap #buybitcoin #bulltrap #bitcoinupdate #bearseason #cryptocurrency Ethereum House 2
Every cryptocurrency investor wants to see the price of Bitcoin soar. And as soon as the price rises a little, they all rush to buy so as not to miss out. However, they fail to ask this question: Could it be a Bull trap? A Bull trap is when a strong upward price trend reverses to a downward price trend shortly after. I assume you must have experienced it, right? So, in today’s post, I will…
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exhibittech · 3 years
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daniel-fxts-manager · 2 years
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Follow me: @daniel_fxts_manager ・・・ Todays market rating: 🟡 with an average of -0.9% among the top 79 coins. Bitcoin had a drop of -5.3% and is, at the moment, at a price of $40,790. 🤟 👀 𝗠𝗔𝗥𝗞𝗘𝗧 𝗨𝗣𝗗𝗔𝗧𝗘 👀 Total Market Cap: $1.86T | -4.67% 24 Hour Volume: $131B | +7.09% Bitcoin Dominance: 41.5% Ethereum Dominance: 18.8% Total Active Coins: 9442 📊 𝗠𝗔𝗥𝗞𝗘𝗧 𝗦𝗘𝗡𝗧𝗜𝗠𝗘𝗡𝗧 📊 FaG status: 🟠 Fear Today: 30 Yesterday: 52 7 Days: 50 📈 𝗧𝗢𝗣 𝗚𝗔𝗜𝗡𝗘𝗥 & 𝗟𝗢𝗦𝗘𝗥 📉 🟢 DIA: +28.6% 🟢 Alpaca Finance: +20.6% 🟢 API3: +12.0% 🟢 NEO: +4.6% 🔴 Venus: -14.0% 🔴 Mirror Protocol: -12.2% 🔴 Elrond: -7.4% 🔴 Aave: -7.1% 🔥 Follow @daniel_fxts_manager for more charts and insights 🔥 Do you miss any information? Send me a DM with your ideas! #bitcoin #ethereum #xrp #binancecoin #solana #fearandgreed #cryptoupdate #bitcoinupdate #statistic #cryptostatistic #cryptoexplorer #repost (at Washington D.C.) https://www.instagram.com/p/CaHaTh2tqqh/?utm_medium=tumblr
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#Ethereum Follows #Bitcoin, Why #ETH Could Surge Towards $4K... MORE DETAILS ON CC24N.COM or cryptocurrency24news.com #ethnews #ethereumnews #btcnews #bitcoinnews #btcupdate #bitcoinupdate #etcupdates #ethereumupdates https://www.instagram.com/p/CVBEm5rM1eg/?utm_medium=tumblr
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shafiul1 · 1 year
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Bitcoin is BOOMING - Are You Investing NOW?
Bitcoin is BOOMING - Are You Investing NOW? Bitcoin is on the rise and it's time to invest! In this video, I'm going to share with you why bitcoin is booming and how you can make money off this digital currency. Bitcoin is a digital currency that is growing in popularity all over the world. If you're looking to make some money, then it's time to invest in bitcoin! This is a high-risk investment, but if you're prepared to take risks, you could make a lot of money by investing in bitcoin. So don't wait - invest in bitcoin today! Bitcoin has risen by almost 39% since the beginning of January, with the price of the cryptocurrency briefly reaching $23,000 on January 23rd. The increase in price is thought to be due to news of another crypto bankruptcy, as well as bets on a Federal Reserve "pivot" to cutting interest rates. The price of the second-biggest digital coin, ether, also rallied to reach $1,664.78 on January 22nd. Investors are hoping for a reversal in the monetary tightening that affected market players last year, and are optimistic about central banks easing the pace of rate rises or even cutting rates this year. 💻 💻 Watch more video 💻💻 __________________________________________________ 
Unlocking Financial Freedom: How to Break Free From 9 to 5 NOW! 
👉 https://www.youtube.com/watch?v=CmRDN... 
👉 Top 6 BEST ONLINE SURVEYS: Learn How to Make Money by Participating in Market Research Surveys. 2023 - https://youtu.be/5O0ziJrq4z8 _________________________________________________
Watch now:
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sobahan784 · 1 year
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Bitcoin is BOOMING - Are You Investing NOW?
Bitcoin is BOOMING - Are You Investing NOW? Bitcoin is on the rise and it's time to invest! In this video, I'm going to share with you why bitcoin is booming and how you can make money off this digital currency. Bitcoin is a digital currency that is growing in popularity all over the world. If you're looking to make some money, then it's time to invest in bitcoin! This is a high-risk investment, but if you're prepared to take risks, you could make a lot of money by investing in bitcoin. So don't wait - invest in bitcoin today! Bitcoin has risen by almost 39% since the beginning of January, with the price of the cryptocurrency briefly reaching $23,000 on January 23rd. The increase in price is thought to be due to news of another crypto bankruptcy, as well as bets on a Federal Reserve "pivot" to cutting interest rates. The price of the second-biggest digital coin, ether, also rallied to reach $1,664.78 on January 22nd. Investors are hoping for a reversal in the monetary tightening that affected market players last year, and are optimistic about central banks easing the pace of rate rises or even cutting rates this year. 💻 💻 Watch more video 💻💻 __________________________________________________ 
Unlocking Financial Freedom: How to Break Free From 9 to 5 NOW! 
👉 https://www.youtube.com/watch?v=CmRDN... 
👉 Top 6 BEST ONLINE SURVEYS: Learn How to Make Money by Participating in Market Research Surveys. 2023 - https://youtu.be/5O0ziJrq4z8 _________________________________________________
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coreswipe · 3 years
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As Bitcoin, cryptocurrencies have been amassing attention worldwide, the focus has shifted to the blockchain. But with emerging demand, tech enthusiasts are coming up with new updates and trends from time to time.
Here are the 3 Top Trends in Blockchain Technology that will rock the world in 2022 :
BaaS – Blockchain-as-a-Service: Third-party creation and management of cloud-based networks
VC & SSI – Verifiable Credential & Self-Sovereign Identity: Globally resolvable, and privacy-preserving credentials to store and manage the security of your own devices.
NFT – Non-Fungible Tokens: Special cryptographically generated token to link with a unique digital asset.
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News on bitcoin trading and other cryptocurrencies from coin news index, click here to get more information about bitcoin trading.
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