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The US financial regulator has confirmed a key security procedure on its X account had been suspended for six months when hackers made a fake post about Bitcoin in January. The cryptocurrency surged in value before the post was deleted. The Securities and Exchange Commission (SEC) did not have multi-factor authentication (MFA) in place when hackers gained access to the account. Cyber-security experts say it should be a wake-up call for other agencies. "While the SEC's X account hack is a minor security incident, all governmental agencies should review the security of their social network accounts," said Ilia Kolochenko from cyber-firm ImmuniWeb. He pointed out that a similar incident at a body such as the US Department of Defense could have more "devastating consequences". "While MFA had previously been enabled on the @SECGov X account, it was disabled by X Support, at the staff's request, in July 2023 due to issues accessing the account," the SEC said in a statement. "Once access was re-established, MFA remained disabled until staff re-enabled it after the account was compromised on January 9. "MFA currently is enabled for all SEC social media accounts that offer it."#ETH_ETF_Approval_23July #SOFR_Spike

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Tim Draper, investor US venture capitalist investor Tim Draper made headlines in 2014 when he bought 30,000 bitcoins that had been seized by police from Silk Road and auctioned by the US government. At the time the coins cost him $17 million. Although he doesn't declare how many coins he now owns, he told crypto website Protos in 2022 that he has not sold any and is still buying bitcoins, so we can assume his holding has increased significantly.#BinanceTurns7 #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip $BTC

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The price of Bitcoin is close to its all-time high, thanks in large part to US finance giants. Investment firms like Grayscale, BlackRock and Fidelity, are pouring billions of dollars into buying the volatile digital asset. In the last few weeks, these powerful institutions have become so called 'Bitcoin whales'. Because of Bitcoin's system there will only ever be 21 million bitcoins. 19 million have been created, but many are already accounted for and probably off the market.#BinanceTurns7 #Mt_Gox_BTC_Dip $BTC

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Can Biden Outpace Trump on Cryptocurrency? Key Takeaways * The Chamber of Progress believes President Biden can improve his chances in the 2024 election by adopting a positive stance on crypto; * They highlight that Trump capitalizes on the current regulatory uncertainty surrounding crypto to rally his base; * The Chamber of Progress highlights Biden's veto of an SEC crypto rule and his opposition to the FIT21 Act as potential election issues.#CPI_BTC_Watch #BinanceTurns7 #Ethereum_ETFs_Expected_Date

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BTC miners sold off a historic 30k BTC this month Bitcoin miners have significantly increased their selling activity, offloading over 30,000 BTC since the beginning of June, the fastest rate seen in more than a year, with their reserves dropping to a 14-year low. This sell-off is said to be largely driven by the recent Bitcoin halving event which halved miners' rewards, coupled with a 15% decline in the Bitcoin hash rate, has squeezed profit margins.#CPI_BTC_Watch #BinanceTurns7

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