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Unveiling $Barney: A Fusion of Nostalgia and BlockchainIntroduction: A Digital Odyssey Awaits$Barney welcomes enthusiasts to a unique convergence of Nostalgia, Memes, Movie Marvel Hype, and Community Excellence on the Ethereum Blockchain, offering an immersive experience of cherished memories and anticipation for an upcoming $Barney movie.Why Choose $Barney: Crafting Distinctive Journeys$Barney stands out with its distinctive features: a total supply of 100,000,000 tokens, a circulating supply of 60,000,000, and a burned supply of 40,000,000, ensuring scarcity and value. The renounced contract status empowers the community, and fee-free transactions, burned LP tokens, and collaborative governance contribute to a unique journey for every participant.Iconic Presence: Ownership of Cultural SentimentalityOwning a piece of nostalgia becomes tangible as users can embrace the legacy of Barney, the beloved purple dinosaur, symbolizing love and kindness for generations. Now, on the Ethereum Blockchain, users can own a piece of this cultural sentimentality.Blockchain Advancements: Pioneering Crypto Connectivity$Barney pioneers blockchain advancements by integrating with the Ethereum Blockchain, offering innovative ways for participants to connect with the community and actively engage in the ecosystem, redefining the boundaries of digital assets.NFT Collectibles: Digital Art, Emotional BridgesExperience the joy of collecting unique NFTs, each representing a connection to the beloved purple dinosaur. These collectibles hold sentimental value, bridging the gap between the digital and the emotional in an unprecedented way.Community Engagement: Vibrancy in Digital Haven$Barney’s community is a vibrant blend of enthusiasts sharing a common love for nostalgia and blockchain technology. Through discussions, events, and competitions, participants connect with like-minded individuals, fostering a sense of belonging and shared excitement.Designed by Solar: Crafting Excellence DigitallyCrafted by Solar, the $Barney experience ensures not only a nostalgic journey but also a visually stunning and functionally robust digital space, adding an extra layer of excellence to the overall encounter.Conclusion: $Barney - Where Blockchain Meets Emotion$Barney stands as a testament to the evolving landscape of blockchain applications, seamlessly blending nostalgia, memes, and community engagement. This comprehensive review unveils $Barney’s unique identity, celebrating its distinctive approach to blockchain integration and community building, creating a space where blockchain meets emotion.Disclaimer: The information provided in this review is based on available data and analysis as of the review’s date. Azcryptoreviews strives to offer accurate and up-to-date content, but cryptocurrency markets aredynamic and subject to rapid changes. Readers are advised to conduct their own research and due diligence before making any investment decisions. #Barney #BarneyBlockchainBash#CryptoNostalgia#BarneyTokenJourney#EthereumMelodies#DigitalJoyWithBarney#NFTMagic#BarneyCommunityLove ##SolarDesignElegance

Unveiling $Barney: A Fusion of Nostalgia and Blockchain

Introduction: A Digital Odyssey Awaits$Barney welcomes enthusiasts to a unique convergence of Nostalgia, Memes, Movie Marvel Hype, and Community Excellence on the Ethereum Blockchain, offering an immersive experience of cherished memories and anticipation for an upcoming $Barney movie.Why Choose $Barney: Crafting Distinctive Journeys$Barney stands out with its distinctive features: a total supply of 100,000,000 tokens, a circulating supply of 60,000,000, and a burned supply of 40,000,000, ensuring scarcity and value. The renounced contract status empowers the community, and fee-free transactions, burned LP tokens, and collaborative governance contribute to a unique journey for every participant.Iconic Presence: Ownership of Cultural SentimentalityOwning a piece of nostalgia becomes tangible as users can embrace the legacy of Barney, the beloved purple dinosaur, symbolizing love and kindness for generations. Now, on the Ethereum Blockchain, users can own a piece of this cultural sentimentality.Blockchain Advancements: Pioneering Crypto Connectivity$Barney pioneers blockchain advancements by integrating with the Ethereum Blockchain, offering innovative ways for participants to connect with the community and actively engage in the ecosystem, redefining the boundaries of digital assets.NFT Collectibles: Digital Art, Emotional BridgesExperience the joy of collecting unique NFTs, each representing a connection to the beloved purple dinosaur. These collectibles hold sentimental value, bridging the gap between the digital and the emotional in an unprecedented way.Community Engagement: Vibrancy in Digital Haven$Barney’s community is a vibrant blend of enthusiasts sharing a common love for nostalgia and blockchain technology. Through discussions, events, and competitions, participants connect with like-minded individuals, fostering a sense of belonging and shared excitement.Designed by Solar: Crafting Excellence DigitallyCrafted by Solar, the $Barney experience ensures not only a nostalgic journey but also a visually stunning and functionally robust digital space, adding an extra layer of excellence to the overall encounter.Conclusion: $Barney - Where Blockchain Meets Emotion$Barney stands as a testament to the evolving landscape of blockchain applications, seamlessly blending nostalgia, memes, and community engagement. This comprehensive review unveils $Barney’s unique identity, celebrating its distinctive approach to blockchain integration and community building, creating a space where blockchain meets emotion.Disclaimer: The information provided in this review is based on available data and analysis as of the review’s date. Azcryptoreviews strives to offer accurate and up-to-date content, but cryptocurrency markets aredynamic and subject to rapid changes. Readers are advised to conduct their own research and due diligence before making any investment decisions. #Barney #BarneyBlockchainBash#CryptoNostalgia#BarneyTokenJourney#EthereumMelodies#DigitalJoyWithBarney#NFTMagic#BarneyCommunityLove ##SolarDesignElegance
Exploring Cronos (CRO): Crypto.com's Powerhouse for Global Cryptocurrency AdoptionCronos (CRO), the native cryptocurrency token of Crypto.com's Cronos Chain, takes center stage as a decentralized blockchain driving the company's mission to accelerate cryptocurrency adoption worldwide. Launched in late 2018, CRO powers the Crypto.com Pay mobile payments app and sets the foundation for future expansion into other Crypto.com products.The CRO blockchain is tailored to users of Crypto.com's payment, trading, and financial services. Owners can stake their coins on the Crypto.com Chain, acting as validators and earning fees for transaction processing. CRO coins are also integral in settling transaction fees on the Cronos Chain.Engaging with the Crypto.com Pay app unlocks various benefits, including cashback of up to 20% for CRO payments to merchants and 10% for gift card purchases and peer-to-peer transfers. Trading enthusiasts using the Crypto.com App can earn token rewards through CRO staking. Additionally, annual interest of up to 10-12% on Crypto.com Coins awaits users who stake them on the Crypto.com Exchange app or the metal Visa Card.CRO serves as a dynamic tool in Crypto.com's pursuit of global cryptocurrency adoption, with ongoing efforts to develop new use cases. The company remains dedicated to empowering users, allowing them to leverage cryptocurrency for increased control over their finances, data, and identities.Disclaimer: This summary is a reinterpretation of the content originally published by azcryptoreviews. For accurate and detailed information, refer to the original source.

Exploring Cronos (CRO): Crypto.com's Powerhouse for Global Cryptocurrency Adoption

Cronos (CRO), the native cryptocurrency token of Crypto.com's Cronos Chain, takes center stage as a decentralized blockchain driving the company's mission to accelerate cryptocurrency adoption worldwide. Launched in late 2018, CRO powers the Crypto.com Pay mobile payments app and sets the foundation for future expansion into other Crypto.com products.The CRO blockchain is tailored to users of Crypto.com's payment, trading, and financial services. Owners can stake their coins on the Crypto.com Chain, acting as validators and earning fees for transaction processing. CRO coins are also integral in settling transaction fees on the Cronos Chain.Engaging with the Crypto.com Pay app unlocks various benefits, including cashback of up to 20% for CRO payments to merchants and 10% for gift card purchases and peer-to-peer transfers. Trading enthusiasts using the Crypto.com App can earn token rewards through CRO staking. Additionally, annual interest of up to 10-12% on Crypto.com Coins awaits users who stake them on the Crypto.com Exchange app or the metal Visa Card.CRO serves as a dynamic tool in Crypto.com's pursuit of global cryptocurrency adoption, with ongoing efforts to develop new use cases. The company remains dedicated to empowering users, allowing them to leverage cryptocurrency for increased control over their finances, data, and identities.Disclaimer: This summary is a reinterpretation of the content originally published by azcryptoreviews. For accurate and detailed information, refer to the original source.
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"Long-Dormant Ethereum Address Springs to Life After 8.5 Years Amidst ETH ETF Speculation" An Ethereum address dormant for 8.5 years recently became active, transferring 2000 ETH, valued at approximately $506,140, according to Etherscan data. The wallet held ETH purchased between $0.42 to $1.39 in the early days of the cryptocurrency. This coincides with growing speculation about an ETH exchange-traded fund (ETF). ETH has risen 17% in the last week, currently trading at $2,511, marking a staggering 180,558.27% increase from its mining days. BlackRock CEO Larry Fink expressed interest in an Ethereum ETF, considering it a step toward tokenization. Crypto venture capitalist Vance Spencer anticipates significant milestones in the blockchain industry, including the fourth Bitcoin halving, approval of an Ethereum ETF, and increased institutional adoption by 2024. However, TD Cowen, an investment bank, suggests SEC hurdles could delay Ethereum ETF decisions until at least the May approval deadline. *Disclaimer: The information provided is based on AzCryptoReviews, and readers are encouraged to verify details independently as market conditions may change.* #ETH $ETH
"Long-Dormant Ethereum Address Springs to Life After 8.5 Years Amidst ETH ETF Speculation"

An Ethereum address dormant for 8.5 years recently became active, transferring 2000 ETH, valued at approximately $506,140, according to Etherscan data. The wallet held ETH purchased between $0.42 to $1.39 in the early days of the cryptocurrency. This coincides with growing speculation about an ETH exchange-traded fund (ETF). ETH has risen 17% in the last week, currently trading at $2,511, marking a staggering 180,558.27% increase from its mining days.

BlackRock CEO Larry Fink expressed interest in an Ethereum ETF, considering it a step toward tokenization. Crypto venture capitalist Vance Spencer anticipates significant milestones in the blockchain industry, including the fourth Bitcoin halving, approval of an Ethereum ETF, and increased institutional adoption by 2024. However, TD Cowen, an investment bank, suggests SEC hurdles could delay Ethereum ETF decisions until at least the May approval deadline.

*Disclaimer: The information provided is based on AzCryptoReviews, and readers are encouraged to verify details independently as market conditions may change.* #ETH $ETH
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Just in: Bitcoin's price surged above $48,000 today as the first spot bitcoin ETFs commenced trading in the U.S., following the recent approval by the Securities and Exchange Commission. 📈🚀 #Bitcoin #ETFs #CryptoNews $BTC #BTC
Just in: Bitcoin's price surged above $48,000 today as the first spot bitcoin ETFs commenced trading in the U.S., following the recent approval by the Securities and Exchange Commission. 📈🚀 #Bitcoin #ETFs #CryptoNews $BTC #BTC
Bitcoin ETFs Secure Approval 15 Years After Hal Finney’s Iconic TweetIn a significant development, Bitcoin ETFs have secured approval exactly 15 years after Hal Finney's groundbreaking "Running Bitcoin" tweet. The cypherpunk legend, who passed away in August 2014, not only holds the distinction of being the first person, aside from Satoshi Nakamoto, to download and run Bitcoin's software but also foresaw its rapid growth. In an email to Nakamoto, Finney estimated a future where each of the 21 million coins could be worth a staggering $10 million.The Journey from "Running Bitcoin" to Wall Street AdoptionOn January 11, 2024, the U.S. Securities and Exchange Commission (SEC) granted approval for the first-ever spot Bitcoin ETF, marking a pivotal moment in the cryptocurrency's history. Established financial giants like BlackRock and Fidelity, along with the crypto-native Grayscale's Bitcoin Trust (GBTC), now operate as approved providers for these ETFs. Fees associated with these products range from zero to 1.5%.While Bitcoin initially emerged as an anti-establishment concept, its adoption on Wall Street signifies a paradigm shift, positioning the digital token for widespread growth as an alternative asset. The SEC's green light for these regulated products allows investors and funds to gain exposure to Bitcoin without the risks tied to managing a cryptocurrency wallet, overcoming years of delays and outright rejections.Navigating Through Rejections and DelaysThe road to approval was not without its challenges. Co-founders of the Gemini crypto exchange, Cameron and Tyler Winklevoss, filed their first application with the SEC in 2013 to create a spot Bitcoin ETF, only to face prompt rejection. Grayscale, a major player in the crypto space, has been attempting to convert its trust into an ETF since 2017.Disclaimer: The information provided is based on a summary from azcryptoreviews on Jan 11, 2024, and may not reflect real-time developments. Always conduct thorough research before making investment decisions.#BTC #BitcoinETFApproval #HalFinneyLegacy #CryptoOnWallStreet $ETH $BTC

Bitcoin ETFs Secure Approval 15 Years After Hal Finney’s Iconic Tweet

In a significant development, Bitcoin ETFs have secured approval exactly 15 years after Hal Finney's groundbreaking "Running Bitcoin" tweet. The cypherpunk legend, who passed away in August 2014, not only holds the distinction of being the first person, aside from Satoshi Nakamoto, to download and run Bitcoin's software but also foresaw its rapid growth. In an email to Nakamoto, Finney estimated a future where each of the 21 million coins could be worth a staggering $10 million.The Journey from "Running Bitcoin" to Wall Street AdoptionOn January 11, 2024, the U.S. Securities and Exchange Commission (SEC) granted approval for the first-ever spot Bitcoin ETF, marking a pivotal moment in the cryptocurrency's history. Established financial giants like BlackRock and Fidelity, along with the crypto-native Grayscale's Bitcoin Trust (GBTC), now operate as approved providers for these ETFs. Fees associated with these products range from zero to 1.5%.While Bitcoin initially emerged as an anti-establishment concept, its adoption on Wall Street signifies a paradigm shift, positioning the digital token for widespread growth as an alternative asset. The SEC's green light for these regulated products allows investors and funds to gain exposure to Bitcoin without the risks tied to managing a cryptocurrency wallet, overcoming years of delays and outright rejections.Navigating Through Rejections and DelaysThe road to approval was not without its challenges. Co-founders of the Gemini crypto exchange, Cameron and Tyler Winklevoss, filed their first application with the SEC in 2013 to create a spot Bitcoin ETF, only to face prompt rejection. Grayscale, a major player in the crypto space, has been attempting to convert its trust into an ETF since 2017.Disclaimer: The information provided is based on a summary from azcryptoreviews on Jan 11, 2024, and may not reflect real-time developments. Always conduct thorough research before making investment decisions.#BTC #BitcoinETFApproval #HalFinneyLegacy #CryptoOnWallStreet $ETH $BTC
🚨 Just In: OpenAI in Talks with CNN, Fox, and Time for Content Licensing amid Ongoing Lawsuit with New York Times. Dynamic developments in the AI landscape as negotiations unfold. More details at cryptopolitan.com. #OpenAI #AI #MediaTalks #LegalUpdate" #BTC #AIsignals
🚨 Just In: OpenAI in Talks with CNN, Fox, and Time for Content Licensing amid Ongoing Lawsuit with New York Times. Dynamic developments in the AI landscape as negotiations unfold. More details at cryptopolitan.com. #OpenAI #AI #MediaTalks #LegalUpdate" #BTC #AIsignals
After how many followers should we have our first $1000 giveaway ? #USDTGiveaway #CryptoContest #EngageAndWin #FreeUSDT #CryptoGiveaway #WinCrypto #USDTContest
After how many followers should we have our first $1000 giveaway ? #USDTGiveaway #CryptoContest #EngageAndWin #FreeUSDT #CryptoGiveaway #WinCrypto #USDTContest
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While the initial excitement and subsequent disappointment in the Bitcoin market highlight its vulnerability to misinformation, it also emphasizes the need for a discerning and cautious approach. Investors must stay vigilant and verify information from reliable sources before reacting to market movements. This incident underscores the importance of due diligence in the crypto space, where rapid shifts in sentiment can have a profound impact on prices. As the market continues to mature, it becomes imperative for participants to exercise prudence and critical thinking amid the dynamic nature of cryptocurrency trading.
While the initial excitement and subsequent disappointment in the Bitcoin market highlight its vulnerability to misinformation, it also emphasizes the need for a discerning and cautious approach. Investors must stay vigilant and verify information from reliable sources before reacting to market movements. This incident underscores the importance of due diligence in the crypto space, where rapid shifts in sentiment can have a profound impact on prices. As the market continues to mature, it becomes imperative for participants to exercise prudence and critical thinking amid the dynamic nature of cryptocurrency trading.
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Bitcoin Jumps, Then Dumps to $45K As Fake News About Spot Bitcoin Approval Liquidates $50M
Bitcoin [BTC] endured wild swings during Tuesday's trading session as a U.S. Securities and Exchange Commission (SEC) social media post about approving spot bitcoin exchange-traded funds (ETF) turned out to be false, leaving market participants baffled.

BTC first rallied 2.5% to a fresh 19-month high of $47,900 immediately following the official SEC account's shared on X (formerly Twitter) about the bitcoin ETF approval, attracting massive attention with crypto observers prematurely celebrating the landmark decision.

Then, bitcoin sharply declined nearly 6% to as low as $45,100 when it turned out the SEC's account was compromised, and SEC Chair Gary Gensler denied the news.

Read more: SEC Has Not Approved Bitcoin ETFs, but Its Hacked X Account Briefly Said Otherwise

The wild price action liquidated over $50 million worth of derivatives trading positions on crypto exchanges within an hour, CoinGlass data shows. Liquidations occur when an exchange forcefully closes a trader's open position using borrowed money due to loss of margin.

Recently, BTC changed hands slightly below $46,000 at press time, down some 2% over the past 24 hours.

This was the second instance during the day when a false social media post triggered massive volatility. Earlier Tuesday, dogecoin [DOGE] jumped as much as 9% on an X post about the death of the token's mascot, then declined as the news turned out to be false.

Alex Krüger, co-founder of Asgard Markets, noted that today's events suggested bitcoin might not rally as much as bulls hope when the real news about an approval arrives.

"Fake ETF news showed BTC upside is clearly capped until we see actual ETF inflows," Krüger said in an X post. "Time for ETH to take over."
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BREAKING NEWS: CBOE Greenlights Bitcoin Spot ETFs for US Trading** In a groundbreaking move, CBOE and SEC reportedly grant approval for the listing of Bitcoin Spot ETFs in the United States. Despite the official announcement from the SEC still pending, CBOE confidently declares that trading for the ETFs will commence tomorrow, indicating a high certainty of approval. The journey to this pivotal moment traces back to the Winklevoss twins' initial application for the first Bitcoin Spot ETF in 2013. The approval marks a historic milestone for Bitcoin, as the SEC has long been advocating for spot ETFs that directly invest in BTC, following the previous approval of BTC Futures ETFs. Yesterday, after the U.S. markets closed, a post from the SEC's official Twitter account suggested approval for Bitcoin Spot ETFs. Subsequently, it was uncovered that the SEC's Twitter account had been compromised, and SEC Chair Gary Gensler clarified that the ETFs were not approved. Despite this confusion, Bloomberg analyst James Seyffart reassured the public that the fake approval news would not alter the anticipated approval, expecting the ETFs to initiate trading tomorrow. Stay tuned for further updates on this historic development in the cryptocurrency space. *Disclaimer: The information is sourced from AzCryptoReviews, and readers are advised to conduct their own research before making financial decisions.* #BitcoinSpotETF #CBOEApproval #CryptoNews #BTCInvesting #BlockchainRevolution #CryptocurrencyMarket #FinancialInnovation #BitcoinETFApproval #InvestmentOpportunity #BreakingCryptoNews #SECDecision #HistoricCryptoMoment #BTC #SECApprovalJourney $BTC
BREAKING NEWS: CBOE Greenlights Bitcoin Spot ETFs for US Trading**

In a groundbreaking move, CBOE and SEC reportedly grant approval for the listing of Bitcoin Spot ETFs in the United States. Despite the official announcement from the SEC still pending, CBOE confidently declares that trading for the ETFs will commence tomorrow, indicating a high certainty of approval.

The journey to this pivotal moment traces back to the Winklevoss twins' initial application for the first Bitcoin Spot ETF in 2013. The approval marks a historic milestone for Bitcoin, as the SEC has long been advocating for spot ETFs that directly invest in BTC, following the previous approval of BTC Futures ETFs.

Yesterday, after the U.S. markets closed, a post from the SEC's official Twitter account suggested approval for Bitcoin Spot ETFs. Subsequently, it was uncovered that the SEC's Twitter account had been compromised, and SEC Chair Gary Gensler clarified that the ETFs were not approved. Despite this confusion, Bloomberg analyst James Seyffart reassured the public that the fake approval news would not alter the anticipated approval, expecting the ETFs to initiate trading tomorrow.

Stay tuned for further updates on this historic development in the cryptocurrency space.

*Disclaimer: The information is sourced from AzCryptoReviews, and readers are advised to conduct their own research before making financial decisions.*

#BitcoinSpotETF #CBOEApproval #CryptoNews #BTCInvesting #BlockchainRevolution #CryptocurrencyMarket #FinancialInnovation #BitcoinETFApproval #InvestmentOpportunity #BreakingCryptoNews #SECDecision #HistoricCryptoMoment
#BTC #SECApprovalJourney $BTC
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**Polygon's Potential Surge: Could It Be the Dark Horse in the Next Bull Market?** Polygon, the blockchain network, might emerge as a surprise contender in the upcoming bullish market, as revealed by co-founder Sandeep Nailwal. In a social media post, he disclosed that Polygon's Proof-of-Stake (POS) system outpaced Ethereum in trading volume, boasting a lead of around $93,000. Notably, Polygon's (MATIC) current price is $0.82. In a recent development, Fox Corporation has teamed up with Polygon to authenticate news content through a program called Verify. Publishers can register their content on the Polygon blockchain, named "Verify," to validate its origin and authenticity. This collaboration aims to assist users in distinguishing accurate sources from unreliable ones. Cryptocurrency influencer Lark Davis highlighted to his 1.1 million followers that Polygon POS has surpassed Solana in daily active addresses, further emphasizing the network's growing prominence. Despite Polygon's recent bounce in MATIC's price following an upgrade in transaction fee calculations, BeInCrypto reports that MATIC is still ensnared in a bearish pattern, persisting for nearly 60 days. Additionally, MATIC's price descended below a long-term resistance trend line since its all-time high of $2.90 in December 2021, reaching a low of $0.32 in June. *Disclaimer: The information provided is based on the content published by AzCryptoReviews, and users are encouraged to conduct their own research before making any financial decisions.* #BTC #PolygonPotentialSurge #DarkHorseCrypto #BullMarket #MATIC #CryptoNews #FoxCorporation #VerifyProgram #BlockchainInnovation #LarkDavisInfluence #CryptoAnalysis #BearishPattern #CryptocurrencyUpdates #FinancialDisclaimer
**Polygon's Potential Surge: Could It Be the Dark Horse in the Next Bull Market?**

Polygon, the blockchain network, might emerge as a surprise contender in the upcoming bullish market, as revealed by co-founder Sandeep Nailwal. In a social media post, he disclosed that Polygon's Proof-of-Stake (POS) system outpaced Ethereum in trading volume, boasting a lead of around $93,000. Notably, Polygon's (MATIC) current price is $0.82.

In a recent development, Fox Corporation has teamed up with Polygon to authenticate news content through a program called Verify. Publishers can register their content on the Polygon blockchain, named "Verify," to validate its origin and authenticity. This collaboration aims to assist users in distinguishing accurate sources from unreliable ones.

Cryptocurrency influencer Lark Davis highlighted to his 1.1 million followers that Polygon POS has surpassed Solana in daily active addresses, further emphasizing the network's growing prominence.

Despite Polygon's recent bounce in MATIC's price following an upgrade in transaction fee calculations, BeInCrypto reports that MATIC is still ensnared in a bearish pattern, persisting for nearly 60 days. Additionally, MATIC's price descended below a long-term resistance trend line since its all-time high of $2.90 in December 2021, reaching a low of $0.32 in June.

*Disclaimer: The information provided is based on the content published by AzCryptoReviews, and users are encouraged to conduct their own research before making any financial decisions.* #BTC #PolygonPotentialSurge #DarkHorseCrypto #BullMarket #MATIC #CryptoNews #FoxCorporation #VerifyProgram #BlockchainInnovation #LarkDavisInfluence #CryptoAnalysis #BearishPattern #CryptocurrencyUpdates #FinancialDisclaimer
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Opinion: The recent false information on Bitcoin ETF approval, attributed to the SEC's compromised social media account, underscores the susceptibility of the crypto market to external factors. While the initial rally showcased the market's eagerness for positive news, the subsequent sharp decline exposes the fragility and volatility inherent in cryptocurrency trading. This incident fuels the ongoing debate on the need for enhanced security measures and highlights the impact of misinformation on crypto markets. What are your thoughts on the role of regulatory bodies and market participants in preventing such incidents? Let's debate. #BTC #BTC #SECApprovalJourney
Opinion: The recent false information on Bitcoin ETF approval, attributed to the SEC's compromised social media account, underscores the susceptibility of the crypto market to external factors. While the initial rally showcased the market's eagerness for positive news, the subsequent sharp decline exposes the fragility and volatility inherent in cryptocurrency trading. This incident fuels the ongoing debate on the need for enhanced security measures and highlights the impact of misinformation on crypto markets. What are your thoughts on the role of regulatory bodies and market participants in preventing such incidents? Let's debate. #BTC #BTC #SECApprovalJourney
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Bitcoin Jumps, Then Dumps to $45K As Fake News About Spot Bitcoin Approval Liquidates $50M
Bitcoin [BTC] endured wild swings during Tuesday's trading session as a U.S. Securities and Exchange Commission (SEC) social media post about approving spot bitcoin exchange-traded funds (ETF) turned out to be false, leaving market participants baffled.

BTC first rallied 2.5% to a fresh 19-month high of $47,900 immediately following the official SEC account's shared on X (formerly Twitter) about the bitcoin ETF approval, attracting massive attention with crypto observers prematurely celebrating the landmark decision.

Then, bitcoin sharply declined nearly 6% to as low as $45,100 when it turned out the SEC's account was compromised, and SEC Chair Gary Gensler denied the news.

Read more: SEC Has Not Approved Bitcoin ETFs, but Its Hacked X Account Briefly Said Otherwise

The wild price action liquidated over $50 million worth of derivatives trading positions on crypto exchanges within an hour, CoinGlass data shows. Liquidations occur when an exchange forcefully closes a trader's open position using borrowed money due to loss of margin.

Recently, BTC changed hands slightly below $46,000 at press time, down some 2% over the past 24 hours.

This was the second instance during the day when a false social media post triggered massive volatility. Earlier Tuesday, dogecoin [DOGE] jumped as much as 9% on an X post about the death of the token's mascot, then declined as the news turned out to be false.

Alex Krüger, co-founder of Asgard Markets, noted that today's events suggested bitcoin might not rally as much as bulls hope when the real news about an approval arrives.

"Fake ETF news showed BTC upside is clearly capped until we see actual ETF inflows," Krüger said in an X post. "Time for ETH to take over."
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Ανατιμητική
Bitcoin ETF approval in a 'rehearsal' mode: Analysts anticipate a sell-the-news reaction. Industry leaders, including ARK's Cathie Wood, had foreseen a short-term market sell-off in response to the approval news. #Bitcoin #ETFApproval #CryptoMarket
Bitcoin ETF approval in a 'rehearsal' mode: Analysts anticipate a sell-the-news reaction. Industry leaders, including ARK's Cathie Wood, had foreseen a short-term market sell-off in response to the approval news. #Bitcoin #ETFApproval #CryptoMarket
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