A single fake Twitter post has sparked chaos in both the crypto space and broader financial markets, and both the Securities and Exchange Commission and Twitter itself are looking into what happened. “The SEC has determined that there was unauthorized access to and activity on the @SECGov x.com account by an unknown party for a brief period of time shortly after…
Month: January 2024
Both SEC and Twitter Announce Investigations Into Fake Bitcoin ETF Tweet
A single fake Twitter post has sparked chaos in both the crypto space and broader financial markets, and both the Securities and Exchange Commission and Twitter itself are looking into what happened. “The SEC has determined that there was unauthorized access to and activity on the @SECGov x.com account by an unknown party for a brief period of time shortly after…
Gensler’s ‘Compromised’ Bitcoin ETF Tweet Inscribed as an Ordinals NFT
It was the fake tweet heard ‘round the world. And now it’s been immortalized on the Bitcoin blockchain. After U.S. Securities and Exchange Commissioner Gary Gensler confirmed that the Twitter account of the regulatory agency was compromised and used to falsely announce the approval of a spot Bitcoin ETF, someone archived Gensler’s response in an Ordinals Inscription. “Just so we…
Solana’s SAMO Meme Coin Spikes 24% Amid Airdrop for Saga Phone Owners
Owners of the 20,000 total Solana Saga smartphones produced to date have been handed a wide array of token airdrops and incentives in recent weeks following a sales spike, and now another has arrived—with the token in question gaining in price over the past day. Samoyedcoin (SAMO), a long-running Solana meme coin that peaked in price in 2021, previously announced…
AI Voice Actors Are Coming to Video Games Thanks to SAG-AFTRA Deal
Hollywood union SAG-AFTRA (aka the Screen Actors Guild)—which represents film and television actors as well as voice and motion-capture video game performers—has signed a deal with generative AI firm Replica Studios to allow and regulate the use of new AI tech in video games. The deal establishes rules on what Replica can and can’t do with SAG-AFTRA union members’ voices…
Bitcoin Plunges After ‘Compromised’ SEC Twitter Account Tweets Fake ETF Approval
The price of Bitcoin swung wildly Tuesday afternoon after the United States Securities and Exchange Commission (SEC) tweeted that a long-awaited spot Bitcoin ETF had been approved—but then SEC Chair Gary Gensler tweeted that the account had actually been compromised and that no Bitcoin ETFs have actually been given the green light. Bitcoin bounced from a price of about $46,600…
SEC Twitter Account Hacked, Sends False ‘Bitcoin ETFs Approved’ Tweet
Markets gasped and then settled back down on Tuesday afternoon after the official U.S. Securities and Exchange Commission Twitter account was “compromised” and sent a messaged saying that it “grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.” For a brief moment, Bitcoin shot as high as $47,680.10 before settling back down to $46,237.20 at the…
OpenAI Under Scrutiny as EU Unpacks Microsoft Deal
Microsoft could soon find itself facing another major antitrust probe, years after a previous investigation into the dominance of its Windows software made global headlines. This time, European regulators have the tech giant’s partnership with artificial intelligence firm OpenAI in their crosshairs. The European Commission is weighing whether to launch an in-depth investigation into Microsoft’s $10 billion investment in OpenAI,…
Trillions of ‘Notcoin’ Farmed in Telegram Meme Coin Game—But There’s a Catch
What makes a game a game? For some, it’s playable characters and quests. For others, it’s cards. And for crypto traders, it can be as simple as a clickable button that lets you “collect” an untradeable, unreleased meme coin to climb an internet leaderboard—and potentially reap future rewards. Notcoin is a meme coin that, for now, is just an idea.…
Bitcoin ETFs Will Not Be a ‘Winner-Take-All Market’: VanEck CEO
With the approval of spot Bitcoin ETFs imminent, the question now is when. Investment firm CEOs are confident the landmark decision will come down on Wednesday. On Tuesday, VanEck CEO Jan van Eck suggested that his firm’s Bitcoin ETF could start trading on Thursday, lending credence to speculation that the U.S. Securities and Exchange Commission will begin approving the various…