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Fee War Intensifies: Bitcoin ETF Issuers Submit Updates Lowering Rates
10.1.2024
Source: Adobe / 24K-Production The spot Bitcoin exchange-traded fund (ETF) competition is heating up as major issuers including Fidelity submitted revisions to lower their fees. According to Bloomberg Intelligence ETF analyst James Seyffart, Fidelity lowered their fees to 0.25% from the previous...
X Confirms US SEC’s Official Account Was Hacked, No Insider Error Detected
10.1.2024
SEC Chair Gary Gensler. Source: screenshot of a YouTube video / Yahoo Finance The official X account of the U.S. Securities and Exchange Commission (SEC) was compromised when it posted the fake spot Bitcoin ETF approval announcement, X has confirmed. SEC’s Account did not Have a 2FA Set Up Upon...
Hacker Seized SEC Phone Number to Post Fake Bitcoin ETF Approval, X Says
10.1.2024
The Securities and Exchange Commission (SEC) did not employ basic security measures on its X (formerly Twitter) account when it was "compromised" to spread false bitcoin ETF news, according to the social media company
SEC Chair Gary Gensler Issues Crypto Investing Advice — Lawyers See as Prelude to Spot Bitcoin ETF Approval
10.1.2024
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has advised investors to be cautious when considering crypto investments. His advice followed a series of warnings he issued the day before regarding the risks of crypto investing. The SEC is expected to green-light multiple spot...
Bitcoin Price Prediction as VanEck Buys $72.5 M in BTC – ETF Decision Within 48 Hours
10.1.2024
As the cryptocurrency world eagerly awaits the U.S. Securities and Exchange Commission’s (SEC) decision on Bitcoin ETFs, the market is abuzz with speculation and activity. Bitcoin price has consistently held strong above the $47,000 mark, drawing strength from the growing optimism surrounding...
Crypto Boosters Attack SEC For 'Manipulating' BTC Market After ETF Tweet
10.1.2024
Lawmakers and crypto boosters are asking questions about how the SEC's X (formerly Twitter) account was compromised, leading to a bogus tweet on Tuesday
Standard Chartered: BTC Could Hit $200K in 2025 With Spot Bitcoin ETF Approval
10.1.2024
Standard Chartered has predicted that the price of bitcoin could rise to $200,000 next year with the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The bank’s analysts described: “We see this as a watershed moment...
Turmoil in Crypto Market — Misleading SEC Post Triggers Significant Bitcoin Volatility
10.1.2024
Bitcoin’s value experienced a turbulent Tuesday, largely due to a rogue post from the U.S. Securities and Exchange Commission’s hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs). False Spot ETF Approval Post Causes Chaos...
Bitcoin Jumps, Then Dumps to $45K as Fake News About Spot Bitcoin Approval Liquidates $50M
10.1.2024
The immediate price reaction showed that bitcoin's price might be capped if a real approval arrives, one analyst noted
SEC’s Spot Bitcoin ETF Approval Post Unauthorized — Chair Gary Gensler Says SEC’s X Account Was Compromised
10.1.2024
The U.S. Securities and Exchange Commission (SEC)’s X account announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, minutes later, SEC Chairman Gary Gensler claimed that the agency’s social media account was compromised and the post was unauthorized. Some...
Spot Bitcoin ETF Approval Will Trigger 'Selling Pressure' on CME Futures Market: K33
9.1.2024
Bitcoin futures' open interest on the Chicago Mercantile Exchange surged to an all-time high Tuesday as institutions piled into the asset, speculating on a spot bitcoin ETF approval
SEC Has Not Approved Bitcoin ETFs, but Its Hacked X Account Briefly Said Otherwise
9.1.2024
The U.S. Securities and Exchange Commission (SEC) has not approved any spot bitcoin ETF applications as of Tuesday afternoon, despite a tweet from the regulator's X (formerly Twitter) account saying they had been, the agency's chair said
El Salvador’s Bitcoin Investment Yields $12.6 Million in Unrealized Gains Ahead of Bitcoin ETF Decision
9.1.2024
Source: AdobeStock/ MMollaretti El Salvador’s Bitcoin (BTC) portfolio of 2,798 tokens has yielded an unrealized profit of $12.6 million, and there are no plans to sell. El Salvador is sitting on $12.6 million in unrealized profits on its bitcoin (BTC) investment after being in the red for...
SEC Chair Gensler Issues Second Warning Ahead of Impending Spot Bitcoin ETF Verdict
9.1.2024
Source: Getty Images The Securities and Exchange Commission (SEC) chairman, Gary Gensler, is stirring feathers in the crypto space with his latest online post. In a tweet on X (formerly Twitter) posted on Tuesday, Gensler advised investors engaging with crypto assets to exercise caution and employ...
Bitcoin ETFs Could See Up to $100B in Inflows If SEC Approves: Standard Chartered
9.1.2024
Analysts from Standard Chartered, Galaxy and Corestone predict that a spot bitcoin ETF could see over $1 billion in inflows over just the first quarter
CEOs of Spot Bitcoin ETF Hopefuls Expect Trading to Begin Thursday
9.1.2024
Source: Adobe Stock Two CEOs of spot Bitcoin ETF applicants have come forward to state that they believe their firms’ ETFs should start trading on Thursday, according to recent media appearances made by the crypto executives. Thursday morning trading for spot Bitcoin ETFs? When asked whether...
Amid Bitcoin ETF Fee War, Grayscale Stands Its Ground With Priciest Product
9.1.2024
Valkyrie, Invesco and Bitwise lowered their fees further just hours after all rivals finally revealed their fee plans
Less Than 15,000 Blocks to Halving: ETF Hopes and Ordinal Inscriptions Serve as Life Preserver for Bitcoin Miners
9.1.2024
As of Jan. 9, 2024, fewer than 15,000 blocks remain before the fourth Bitcoin halving event. This milestone will halve the block reward from 6.25 to 3.125 bitcoins per block. Expected to occur in April 2024, this event will render bitcoin increasingly scarce. However, it may exert considerable...
Bitcoin Primed To Repeat Bullish Crossover From Epic 2016 Rally After 8 Years of Wait — Here’s What You Need to Know
9.1.2024
The Bitcoin price action is signaling a bullish crossover unseen for 8 years that mimics the epic 2016 rally, indicating potential new highs ahead. Image by Kerem Goktug Kaya, DALL-E 3. Bitcoin ETF hype is currently pushing prices higher, but behind the scenes, a key indicator is flashing bullish...
Bitcoin ETF Fever Drives Ethereum to 32-Month Low Versus BTC
9.1.2024
Ether has lost 43% of its value against bitcoin since Sept. 7