The price of Bitcoin saw dramatic fluctuations following a security breach on the official Twitter account of the US Securities and Exchange Commission (SEC). A fraudulent tweet was posted at 4:11PM EST on Tuesday, falsely announcing the approval of a spot Bitcoin exchange-traded fund (ETF). This led to a surge in Bitcoin’s price from around […]
Asset managers WisdomTree and Valkyrie have announced temporary fee waivers for their spot Bitcoin ETF applications, according to Bloomberg ETF analyst James Seyffart. WisdomTree will waive its fees for six months or the first $1 billion of assets, reducing fees from 0.30% to zero during the waiver period. Valkyrie Investments will waive its fees for […]
Caitlin Long, the founder of Custodia Bank, has expressed concern over the trend of spot Bitcoin Exchange Traded Fund (ETF) issuers in the United States reducing their fees to near zero. On January 8, she advised clients who are considering purchasing these regulated products to be wary of these extremely low fees, suggesting that they […]
The United States Securities and Exchange Commission (SEC) has categorically denied that its staff had any part in the recent “unauthorized” tweet claiming that spot Bitcoin ETFs had been approved. Despite this, there are still some in the crypto community who believe otherwise.On January 9, the official account of the SEC tweeted that it had […]
United States lawyers and senators are urging Congress to initiate an investigation into the Securities and Exchange Commission (SEC) following a reported compromise of its X account. The account falsely announced the approval of spot Bitcoin exchange-traded funds, causing a stir in the market.U.S. Senator Bill Hagerty voiced his concern over the incident, stating that […]
Steven McClurg, the CIO and co-founder of Valkyrie, has expressed his confidence in the approval of a spot Bitcoin ETF on Wednesday. McClurg has been working diligently on this for the past six weeks and is excited about the potential approval. He is 95% confident that the approval will come after the market closes on […]
As the deadline for the United States Securities and Exchange Commission (SEC) to approve or deny the first Spot Bitcoin ETF in the country approaches, various experts have shared their predictions. Among them is former SEC chairman Jay Clayton, who asserts that the approval of the Spot ETF is inevitable.Clayton recently appeared on CNBC’s ‘Squawk […]
In a shocking turn of events, over $218 million in cryptocurrency trades were liquidated in the past 24 hours. This was triggered by a false government announcement stating that Bitcoin spot ETFs had been approved in the U.S. Coinglass reported that over $56 million in Bitcoin trades were liquidated in just the past hour. The […]
BitPay, the world’s foremost Bitcoin and cryptocurrency payment service, has announced an improved payment experience for its crypto customers. The new features are set to be launched this week. BitPay will now support a range of new cryptocurrencies, including Uniswap (UNI), Binance Coin (BNB), Chainlink (LINK), Cronos (CRO), VERSE (VERSE), and Basic Attention Token (BAT), […]
The U.S. Securities and Exchange Commission (SEC) has reported a breach of its Twitter/X profile, which was used to disseminate a false message about the approval of a Bitcoin Exchange-Traded Fund (ETF). Gary Gensler, the SEC Chair, confirmed the incident, stating that the SEC’s Twitter account was compromised and an unauthorized tweet was posted. He […]
