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Domestic Exchanges Account for 99.7% of Brazilian Cross-border Crypto Trades – Central Bank
12.1.2024
Source: Alexey Novikov/Adobe Exchanges that buy coins overseas to sell on the domestic market account for most of Brazil’s cross-border crypto trade, a Central Bank report has found. The findings were published in an official post from the bank’s data analysis team. The authors reported...
US Congressional Committee Demands SEC Briefing on Misleading Bitcoin ETF Information on X
11.1.2024
Source: AdobeStock A group of Republican lawmakers from the US House Financial Services Committee has urged Securities and Exchange Commission (SEC) Chairman Gary Gensler to address inquiries concerning the hack of the agency’s X account on January 9, 2024. In a press release on January...
CoinGecko Faces Brief Compromise as Phishing Scam Targets X Account, Warns Users Against Suspicious Links
11.1.2024
Source: AdobeStock / Sergey Nivens Cryptocurrency data aggregator CoinGecko experienced a security breach when their account fell victim to a phishing attack. During a brief period on January 10, a phishing scam link was posted on their X account, falsely informing users of a CoinGecko token...
Fake Bitcoin ETF Approval Tweet Gives Sneak Peek, ETH Price May Spike Before Ethereum ETF Approval
10.1.2024
Yesterday’s fake SEC tweet highlighted the potential impact of future Bitcoin ETF approvals on Ethereum’s price trajectory. Image by akif, Adobe Stock. On Tuesday evening, the official X account of the U.S. Securities and Exchange Commission (SEC) was hacked and posted an unauthorized...
Crypto Whales are Stacking This Under-the-Radar Bitcoin ETF Coin – What Does it Do?
10.1.2024
Bitcoin ETF Token is offering traders early speculative exposure to a potential Bitcoin exchange-traded fund approval still looming as an uncertainty. Image by Michael, Adobe Stock. On Tuesday, the Securities and Exchange Commission’s (SEC) official X account was apparently hacked, with a tweet...
Coinbase Executives Offer Security Support to SEC Following Account Hack
10.1.2024
SEC chair Gary Gensler. Source: A video screenshot, YouTube / SEC Coinbase executives have offered to help the U.S. Securities and Exchange Commission (SEC) following the Monday hack of the federal agency’s account on X. Coinbase offers to assist with “security protocols” “Hey...
SEC Faces Backlash from Crypto Leaders for Erroneous Bitcoin ETF Tweet
10.1.2024
Source: Adobe/Kristina Blokhin The Securities and Exchange Commission (SEC) has found itself in hot water after an unauthorized tweet on its official account suggested that spot Bitcoin exchange-traded funds (ETFs) had been approved. The incident, which caused significant volatility in the crypto...
SEC confirms Twitter hack, Denies Bitcoin ETF approval
10.1.2024
Gary Gensler, the SEC chairperson, recently confirmed that the SEC Twitter/X account was compromised. The chairperson stated that the US Securities and Exchange Commission has yet to approve any Bitcoin ETF product. While the X/Twitter account was compromised, the unidentified party released...
Cybersecurity Risks in the Cryptocurrency Industry
10.1.2024
Source: iStock / JuSun The US Securities and Exchange Commission (SEC) social media account being compromised is concerning. Impersonations and hacks are nothing new in the cryptocurrency space but could the hack have been avoided? After the post, the SEC started an internal market manipulation...
Two US Senators Ask SEC to Deliver Report to Congress on Breach of X Account
10.1.2024
Source: AdobeStock/ rarrarorro Two United States senators, J.D. Vance and Thom Tillis, have raised concerns about the recent breach of the United States Securities and Exchange Commission’s (SEC) X (formerly Twitter) account. In a letter addressed to SEC Chair Gary Gensler on the same day...
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...
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...
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...
Bitcoin Price Prediction as Gary Gensler Says Official SEC Account is ‘Compromised’ – What’s Going On?
9.1.2024
Source: DALL·E The Bitcoin price just saw a sudden pump to new yearly highs near $48,000 after the US SEC’s official X account tweeted that spot Bitcoin ETFs had gained approval, for the BTC only to then drop as much as $3,000 to briefly below $45,000 after SEC Chairman Gary Gensler said that...
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
Honduran City of Prospera Adopts Bitcoin as Unit of Account
9.1.2024
The city of Prospera in Honduras has recently adopted bitcoin as a unit of account, allowing companies to pay taxes and determine obligations in bitcoin. The measure could incentivize the development of a circular economy, given that bitcoin has been legal tender in the city since 2022. Prospera...
Honduras SEZ Recognizes Bitcoin as Unit of Account to Further Financial Freedom
8.1.2024
Source: Pixabay Honduras’ Roatan Island special economic zone (SEZ) – Próspera ZEDE – has officially recognized Bitcoin (BTC) as a unit of account for various financial transactions. BREAKING: ???????? Honduras' special economic zone Prospera recognises #Bitcoin as a unit of account! This...
South Korean Tax Accountant: Digital Assets Held in Non-Custodial Wallets Not Subject to Overseas Reporting Requirement
5.1.2024
South Koreans with digital assets held in non-custodial or decentralized crypto wallets like Metamask or Ledger are reportedly not subject to the country’s overseas financial account reporting requirement. According to a South Korean tax accountant, only virtual assets held on overseas centralized...
Official X Account of Blockchain Security Firm CertiK Compromised – What’s Going On?
5.1.2024
Source: Pixabay/Werner Moser The X account (formerly Twitter) of blockchain security company CertiK has been compromised with bad actors posting a phishing link to a wallet drainer. On Jan 5, it was revealed that CertiK’s X account was a victim of a phishing attack with several calls from the wider...
Polychain Warns Users Against Engaging with CEO’s X Account Following Hack
5.1.2024
Source: AdobeStock / Tomasz Bidermann Digital assets fund management company, Polychain Capital has urged users not to interact with the X (formerly Twitter) account of its CEO following a hack. In a Jan 4 X post, the platform acknowledged the breach on the account of its CEO Carlson Wee asking...