The latest attack on the US Securities and Exchange Commission’s official account on X has reignited concerns about the security of the social networking platform following its acquisition by billionaire Elon Musk in 2022.
Hackers spread fabricated information regarding an expected SEC announcement regarding Bitcoin, causing a sudden increase in the value of the cryptocurrency and concern among observers. The deceptive post on SECGov claimed that the SEC had approved exchange-traded funds to hold Bitcoin. The SEC removed the post about 30 minutes after the initial tweet.
After the false message spread, the value of BTC initially increased by about 2.5 percent, but later fell to less than 2.5 percent of its initial value. Overall, the event caused a $40 billion surge in the total value of Bitcoin in circulation.
On January 9, a post appeared on the SEC’s X account announcing the approval of spot Bitcoin ETFs, a type of financial product that will allow users to invest in the crypto asset through a regular brokerage firm. Approximately 20 minutes later, SEC Chairman Gary Gensler issued a denial, saying that the agency’s account had been “taken over” and that “an unauthorized tweet had been sent.”
X also reported that an “unidentified individual” used a phone number associated with the SEC’s account to gain control. X stated that the account did not have two-factor authentication enabled at the time of the breach. However, some prominent figures did not find these statements very convincing.
“While there is some evidence pointing to hacking, I’m sticking (for now) with my initial theory that the source of the problem lies within the SEC, namely a planned tweet that malfunctioned,” senior ETF analyst Eric Balchunas said in a statement on the X account. he said.
While Bitcoin ETF discussions continue, the trend towards Bitcoin alternative cryptos has become more intense than before. Purchases started to increase especially in two cryptocurrency projects.
Bitcoin Minetrix (BTXMTX) – Cloud Mining Platform with High APY
Bitcoin Minetrix (BTCMTX) is experiencing increasing popularity as it has surpassed $8 million in funds raised during its ongoing pre-sale. This high funding provides investors Buying Bitcoin Minetrix tokens It gives a reason to.
The project stands out as a cloud mining platform that stands out for its exceptional efficiency and focus on user-friendliness. While traditional Bitcoin mining poses challenges for ordinary users, BTCMTX levels the competition. It provides an opportunity for anyone to participate in mining the world’s largest cryptocurrency and receive staking incentives through the BTCMTX token. This strategy improves the accessibility of mining operations while tackling common concerns such as reliability and fraud.
The project has also gained reputation for its strong emphasis on security and openness. Users can use Ethereum compatible wallets like MetaMask. Can buy Bitcoin Minetrix tokens. The streamlined participation procedure requires purchasing tokens, selecting the “buy and win” option, and accruing rewards in Bitcoin. Those who purchase tokens and stake them can earn up to 80 percent APY.
The Bitcoin Minetrix roadmap showcases a strategic and well-thought-out plan to achieve long-term progress. Post-sales objectives include securing stock exchange listings, executing marketing campaigns, developing desktop and mobile applications, and increasing staff. The team’s emphasis on launching core staking and mining features is also evident in ongoing discussions with cloud mining businesses, demonstrating promising growth potential.
Launchpad XYZ (LPX) – Project Offering Trading Tactics with Artificial Intelligence
In the competitive crypto market, artificial intelligence (AI)-powered trading systems are playing a significant role in providing retail investors with a distinct advantage through AI. As AI becomes indispensable in the field of finance, it has the potential to not only change investment methods but also expand who can actively invest.
Seizing this significant opportunity, a new AI-powered cryptocurrency trading platform called Launchpad XYZ is creating anticipation ahead of its launch and attracting large investments in its ongoing pre-sale event.
Launchpad XYZ aims to function as a comprehensive platform for crypto trading and investment using advanced analytics driven by artificial intelligence. The central component of their product is a unique artificial intelligence engine called Launchpad Quotient (LPQ), which was developed specifically to deliver data-driven trading techniques to consumers.
Pre-sale of the platform’s native token LPX ahead of public listing Launchpad XYZ token purchaser Thanks to enthusiastic people, it received investments of more than 2.4 million dollars. The pre-sale offers NFT passes at different price levels starting at $50. Higher tiers provide access to other benefits.
Launchpad XYZ’s AI-driven methodology is highly appreciated by experienced cryptocurrency experts for its significant potential. It is said that leveraging machine learning algorithms to analyze market data and develop customized trading strategies can give traders a competitive advantage.
Disclaimer:
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