SEC says ‘compromised’ account to blame for tweet approving Bitcoin ETF
by Associated Press from Technology | The Guardian on (#6HQPY)
Price of bitcoin briefly spiked more than $1,000, as ETF would have given way to invest without buying outright on a crypto exchange
The Securities and Exchange Commission (SEC) said Tuesday that a post sent from the agency's account on the social platform X/Twitter announcing the approval of a long-awaited bitcoin exchange-traded fund was unauthorized", and that the agency's account had been compromised".
The price of bitcoin briefly spiked more than $1,000 after the post on X claimed: The SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges." Cryptocurrency investors had already driven bitcoin's price above $46,000 in anticipation of the approval.
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