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Fake tweet caused a whirl wind in crypto community #CryptoNews🔒📰🚫 #cryptoindia #ETFsApproval #BinanceMissions #trendingtoday
Coinpedia
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Fake Tweet on Bitcoin ETF Approval Causes Chaos in Crypto Market: 900 Million Liquidations in 24 ...
The post Fake Tweet on Bitcoin ETF Approval Causes Chaos in Crypto Market: 900 Million Liquidations in 24 Hours appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) faced a major cybersecurity incident yesterday, causing disarray in the highly anticipated decision on Bitcoin exchange-traded funds (ETFs). A fake post claiming approval for the products, originating from a compromised SEC account on X, sent the cryptocurrency’s price soaring briefly before authorities launched an investigation.
How it Impacted the Crypto Market
The fake tweet caused an immediate surge in the Bitcoin price, which almost reached $48,000 at the time. Then, at 4:26 p.m., Gary Gensler, chair of the SEC, posted that the agency’s account had been hacked, resulting in an unauthorized fake tweet. At this point, the price of bitcoin was triggered to suddenly drop to $46,800 and fall to $45,881.
900 Million Liquidation Due to Fake News
The cryptocurrency market experienced a substantial drop in value after a fake approval post for spot exchange-traded funds (ETFs). Bitcoin’s market capitalization plummeted by approximately $50 billion within the last 24 hours, according to Coinglass data. The top cryptocurrency’s price dropped to $890 billion before recovering to around $900 billion at press time.
Security Measures
The incident has raised questions about the SEC’s security measures to protect its social accounts. Some market participants have criticized the regulator’s seemingly lax approach to protecting its social accounts and raised concerns about how the SEC can safeguard trillion-dollar markets if it cannot protect its social accounts.
The U.S. Securities and Exchange Commission (SEC) faced a major cybersecurity incident yesterday, causing disarray in the highly anticipated decision on Bitcoin exchange-traded funds (ETFs). A fake post claiming approval for the products, originating from a compromised SEC account on X, sent the cryptocurrency’s price soaring briefly before authorities launched an investigation.
How it Impacted the Crypto Market
The fake tweet caused an immediate surge in the Bitcoin price, which almost reached $48,000 at the time. Then, at 4:26 p.m., Gary Gensler, chair of the SEC, posted that the agency’s account had been hacked, resulting in an unauthorized fake tweet. At this point, the price of bitcoin was triggered to suddenly drop to $46,800 and fall to $45,881.
900 Million Liquidation Due to Fake News
The cryptocurrency market experienced a substantial drop in value after a fake approval post for spot exchange-traded funds (ETFs). Bitcoin’s market capitalization plummeted by approximately $50 billion within the last 24 hours, according to Coinglass data. The top cryptocurrency’s price dropped to $890 billion before recovering to around $900 billion at press time.
Security Measures
The incident has raised questions about the SEC’s security measures to protect its social accounts. Some market participants have criticized the regulator’s seemingly lax approach to protecting its social accounts and raised concerns about how the SEC can safeguard trillion-dollar markets if it cannot protect its social accounts.
India is taking the crypto scene by Despite the hurdles like a 30% storm! tax, 1% TDS, no loss offset, and no UPI support, our crypto community is thriving!
Join the revolution, let's turn challenges into opportunities!
#cryptoindia #InnovationOverObstacles
#TradeNTell #Write2Earn #TradeNTellView
$BNB $BTC $XRP
Join the revolution, let's turn challenges into opportunities!
#cryptoindia #InnovationOverObstacles
#TradeNTell #Write2Earn #TradeNTellView
$BNB $BTC $XRP
Breaking News 🇮🇳 : Indian Exchange Wazirx Hacked 🚨
Exchange safe multisig wallet on $ETH has been compromised 🤐
$234Million+ transferred 📌
#wazirx #crypto #cryptoindia
Exchange safe multisig wallet on $ETH has been compromised 🤐
$234Million+ transferred 📌
#wazirx #crypto #cryptoindia
Reserve Bank of India (RBI) Governor Shaktikanta Das recently announced plans to enhance the adoption of the central bank digital currency (CBDC), the digital rupee, by exploring offline functionalities.
#RBI #cbdc #cryptoindia
#RBI #cbdc #cryptoindia
TOKENS that have not pumped yet & are a must grab at current rates #cryptoindia #CryptoInsights🚀💰📉
1) $BEAMX
2) $AVAX
3 $AXL
4) $Shib
5) $Ada
1) $BEAMX
2) $AVAX
3 $AXL
4) $Shib
5) $Ada
Binance in India
Binance, the world's largest cryptocurrency exchange, is set to resume operations in India after being banned earlier this year for non-compliance with anti-money laundering laws. To facilitate its return, Binance has paid a $2 million penalty and registered with India's Financial Intelligence Unit (FIU). The exchange will need to adhere to regulations under the Prevention of Money Laundering Act (PMLA) and the Virtual Digital Assets (VDA).
Before its ban, Binance controlled a significant portion of the Indian crypto market, accounting for 90% of the country's $4 billion in crypto holdings. Its comeback is expected to rejuvenate the market, potentially driving up prices and increasing user activity among India's over 115 million crypto user.
#BinanceTournament
#cryptoindia
#BTC
#bitcoin
Before its ban, Binance controlled a significant portion of the Indian crypto market, accounting for 90% of the country's $4 billion in crypto holdings. Its comeback is expected to rejuvenate the market, potentially driving up prices and increasing user activity among India's over 115 million crypto user.
#BinanceTournament
#cryptoindia
#BTC
#bitcoin
CRYPTO IN INDIA IS AT RISK 😬😬😬😬
EVERYONE MUST READ THIS 😕😕😕
The current crypto situation in India is quite dynamic. The government has been taking a studied approach to virtual digital assets (VDAs), recognizing their usefulness and necessity . In fact, India has an estimated 25-30 million investors with exposure to crypto, and this number is expected to grow multi-fold in the next 3-5 years .
Regulatory Framework
The Securities and Exchange Board of India (SEBI) has suggested a multi-regulator oversight approach, where different regulators handle various aspects of digital assets . For instance, SEBI would oversee securities and initial coin offerings, while the Reserve Bank of India (RBI) would regulate fiat-backed stablecoins.
Challenges and Concerns
Despite progress, there are still challenges to overcome. The RBI remains cautious about crypto, citing concerns over macroeconomic risks and tax evasion . Banking services are also limited, with many banks hesitant to partner with crypto exchanges .
Education and Awareness
Education and awareness are key to increasing adoption. Many Indian users are unaware of the risks and complexities associated with crypto investing . There's a need for top-down programs to address awareness in vernacular languages.
Future Outlook
Despite these challenges, the future looks bright for crypto in India. The government's initiatives, combined with the growth of blockchain technology, could lead to increased adoption and innovation . The launch of the Central Bank Digital Currency (CBDC) pilot is also expected to give an impetus to crypto adoption .
Overall, India's crypto landscape is evolving rapidly, with both opportunities and challenges ahead.
#cryptoindia #RiskWarning
$HIGH
$HIVE
$SUI
EVERYONE MUST READ THIS 😕😕😕
The current crypto situation in India is quite dynamic. The government has been taking a studied approach to virtual digital assets (VDAs), recognizing their usefulness and necessity . In fact, India has an estimated 25-30 million investors with exposure to crypto, and this number is expected to grow multi-fold in the next 3-5 years .
Regulatory Framework
The Securities and Exchange Board of India (SEBI) has suggested a multi-regulator oversight approach, where different regulators handle various aspects of digital assets . For instance, SEBI would oversee securities and initial coin offerings, while the Reserve Bank of India (RBI) would regulate fiat-backed stablecoins.
Challenges and Concerns
Despite progress, there are still challenges to overcome. The RBI remains cautious about crypto, citing concerns over macroeconomic risks and tax evasion . Banking services are also limited, with many banks hesitant to partner with crypto exchanges .
Education and Awareness
Education and awareness are key to increasing adoption. Many Indian users are unaware of the risks and complexities associated with crypto investing . There's a need for top-down programs to address awareness in vernacular languages.
Future Outlook
Despite these challenges, the future looks bright for crypto in India. The government's initiatives, combined with the growth of blockchain technology, could lead to increased adoption and innovation . The launch of the Central Bank Digital Currency (CBDC) pilot is also expected to give an impetus to crypto adoption .
Overall, India's crypto landscape is evolving rapidly, with both opportunities and challenges ahead.
#cryptoindia #RiskWarning
$HIGH
$HIVE
$SUI
Breaking 🇮🇳🚨🚨🚨🚨
Binance is now available on the App Store and Play Store in India
Two days ago, the #Binance URL was unblocked, and now the app is back.
This is good for the Indian #Crypto community.
Binance Achieves Its 19th Global Regulatory Milestone With Registration in India
#binanceindia #BinanceSquareFamily #cryptoindia #india_crypto #indianCryptoBan $SOL
Binance is now available on the App Store and Play Store in India
Two days ago, the #Binance URL was unblocked, and now the app is back.
This is good for the Indian #Crypto community.
Binance Achieves Its 19th Global Regulatory Milestone With Registration in India
#binanceindia #BinanceSquareFamily #cryptoindia #india_crypto #indianCryptoBan $SOL
🚀 Shiba Inu Coin Price Prediction for 2025: Can SHIB Capture New Heights in India? 🇮🇳
As Shiba Inu ($SHIB ) continues to captivate the crypto world, 2025 could be a defining year for this meme coin powerhouse. Driven by a robust community and ambitious ecosystem projects like Shibarium and ShibaSwap, SHIB has the potential to surprise investors once again.
🔍 Bullish Case: Projected Range: ₹0.0015 to ₹0.0030 If Shibarium's adoption boosts utility and transaction efficiency, $SHIB could rival other top altcoins.
📈 Moderate Growth: Projected Range: ₹0.0006 to ₹0.0012 Sustained growth aligned with market interest and community support, without exponential surges.
⚠️ Bearish Outlook: Projected Range: ₹0.0002 to ₹0.0004 Market saturation or regulatory challenges could hinder its growth potential.
🔑 Key Influencers:
Shibarium adoption
Broader market trends
Community engagement
Regulatory developments in India
Shiba Inu’s 2025 price will depend on market trends, ecosystem success, and investor sentiment. Dive into our in-depth analysis to explore $SHIB ’s journey and possible trajectories.
🔍 Bullish Case: Projected Range: ₹0.0015 to ₹0.0030 If Shibarium's adoption boosts utility and transaction efficiency, $SHIB could rival other top altcoins.
📈 Moderate Growth: Projected Range: ₹0.0006 to ₹0.0012 Sustained growth aligned with market interest and community support, without exponential surges.
⚠️ Bearish Outlook: Projected Range: ₹0.0002 to ₹0.0004 Market saturation or regulatory challenges could hinder its growth potential.
🔑 Key Influencers:
Shibarium adoption
Broader market trends
Community engagement
Regulatory developments in India
Shiba Inu’s 2025 price will depend on market trends, ecosystem success, and investor sentiment. Dive into our in-depth analysis to explore $SHIB ’s journey and possible trajectories.
📢 Crypto News
🇮🇳 The Indian Finance Minister👇
“All direct and indirect taxes will remain the same.”
#Crypto was not on the agenda in the budget💼
So, for another year, the same story.
#Budget2024 #BudgetSession #Write2Earn #BudgetSession2024 #cryptoindia
🇮🇳 The Indian Finance Minister👇
“All direct and indirect taxes will remain the same.”
#Crypto was not on the agenda in the budget💼
So, for another year, the same story.
#Budget2024 #BudgetSession #Write2Earn #BudgetSession2024 #cryptoindia
#indiangoverment 👎!! This rule is effective from Jan 1 #CryptoNews🔒📰🚫 #cryptoindia #CryptoTrends2024 #Cryptocurrrency
Aman Sai
--
🚨 New #crypto tax reporting obligations took effect on Jan 1.
If you receive $10k or more in crypto you now have an obligation to report the transaction (including names, addresses, SS numbers, etc.) to the IRS within 15 days under threat of a felony charge.
I think we are using bank accounts not crypto 😂 lol
I like cex but this ecosystem need more dex 🫡
If you receive $10k or more in crypto you now have an obligation to report the transaction (including names, addresses, SS numbers, etc.) to the IRS within 15 days under threat of a felony charge.
I think we are using bank accounts not crypto 😂 lol
I like cex but this ecosystem need more dex 🫡
Binance crypto exchange is Set to restart operations in India .
Guys very soon we will be able to see binance Working officially in India it's really Big news for India crypto investors and institutions 🥳🥳🥳🥳🥳🥳#Binance #cryptoindia
Guys very soon we will be able to see binance Working officially in India it's really Big news for India crypto investors and institutions 🥳🥳🥳🥳🥳🥳#Binance #cryptoindia
Just now I checked OKX crypto exchange is also blocked. So the stupid government is blocking all foreign exchanges so that waste Indian exchanges will profit
#IndianRegulation #cryptoindia #IndiaCryptoBan #TradeNTell
#IndianRegulation #cryptoindia #IndiaCryptoBan #TradeNTell
Facts why we dont use Indian Exchanges
#cryptoexchange #cryptoindia #IndiaCryptoRevolution #CryptoCommunityWatch #trendingtoday
#cryptoexchange #cryptoindia #IndiaCryptoRevolution #CryptoCommunityWatch #trendingtoday
Az idézett tartalmat eltávolították
No matter the Indian Government banning the binance url we will still stick to using this platform.
#trendingtoday #LatestNews #CryptoNews🔒📰🚫 #cryptonewstoday #cryptoindia
#trendingtoday #LatestNews #CryptoNews🔒📰🚫 #cryptonewstoday #cryptoindia
🚨 Crypto Alert for Indian Holders! 🇮🇳🚨
Trump's upcoming meet with PM Modi on Sep 21-23 could be the crypto catalyst we’ve been waiting for!
🔥 Why is this huge?
• With trade ties between the US and India set to get a massive boost, could crypto ride the wave?
• Trump, a vocal supporter of crypto, engaging with Modi could spark groundbreaking conversations on crypto adoption in India! 🤯
Is India ready to jump on the crypto rocket? 🚀 Buckle up, because this could be the moment we’ve all been waiting for! 💥
#TrumpCryptoSupport #cryptoindia #BinanceLaunchpoolHMSTR #Write2Earn! #CryptoRevolution
🔥 Why is this huge?
• With trade ties between the US and India set to get a massive boost, could crypto ride the wave?
• Trump, a vocal supporter of crypto, engaging with Modi could spark groundbreaking conversations on crypto adoption in India! 🤯
Is India ready to jump on the crypto rocket? 🚀 Buckle up, because this could be the moment we’ve all been waiting for! 💥
#TrumpCryptoSupport #cryptoindia #BinanceLaunchpoolHMSTR #Write2Earn! #CryptoRevolution
Shout out to this guy! He spoke the truth about Indian exchanges and the Indian Government trying to control everything
Follow me on social media for more such information Crypto Insights Pro
#LatestNews #cryptoindia #IndiaCryptoBan #Cryptocommunity #cryptonewstoday
Follow me on social media for more such information Crypto Insights Pro
#LatestNews #cryptoindia #IndiaCryptoBan #Cryptocommunity #cryptonewstoday
Nadyisom
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1. Indian exchanges are promoting themselves as being FIU-compliant (following financial regulations) instead of focusing on the main problems faced by users.
2. The real problems that users are experiencing are:
a. Low liquidity: There is not enough buying and selling happening on the exchanges, making it hard to trade.
b. Difficult user interface (UI): The design and how the exchanges work are confusing and not user-friendly.
c. Issues with withdrawing money: Users are having trouble taking out their funds from the exchanges.
d. Limited variety of altcoins: There are not enough different types of cryptocurrencies available for trading.
e. Late listing of promising coins: The exchanges are adding new cryptocurrencies too late, missing out on good opportunities.
f. Lack of proper support team: Users don't have enough help and assistance from the exchanges when they need it.
g. Using order books from international exchanges: The exchanges rely on other exchanges' order books instead of having their own.
To make things better, Indian exchanges should focus on improving these core problems and providing a smoother and more user-friendly experience for their users.
2. The real problems that users are experiencing are:
a. Low liquidity: There is not enough buying and selling happening on the exchanges, making it hard to trade.
b. Difficult user interface (UI): The design and how the exchanges work are confusing and not user-friendly.
c. Issues with withdrawing money: Users are having trouble taking out their funds from the exchanges.
d. Limited variety of altcoins: There are not enough different types of cryptocurrencies available for trading.
e. Late listing of promising coins: The exchanges are adding new cryptocurrencies too late, missing out on good opportunities.
f. Lack of proper support team: Users don't have enough help and assistance from the exchanges when they need it.
g. Using order books from international exchanges: The exchanges rely on other exchanges' order books instead of having their own.
To make things better, Indian exchanges should focus on improving these core problems and providing a smoother and more user-friendly experience for their users.
🚀 After a long time, I’m finally back! Binance Exchange has returned to India, and I couldn't be more excited! 🙌
I've tried many exchanges, but when it comes to Binance, the difference is clear. Other exchanges just don't compare—whether it's the lack of user-friendly features, laggy performance, or low trading volumes. Binance stands out with its smooth interface, high liquidity, and top-notch security. 🛡️💹
Ready to dive back into the world of crypto with the best in the game! #BinanceIsBack #cryptoindia #TradeBetter #binance #bnb
I've tried many exchanges, but when it comes to Binance, the difference is clear. Other exchanges just don't compare—whether it's the lack of user-friendly features, laggy performance, or low trading volumes. Binance stands out with its smooth interface, high liquidity, and top-notch security. 🛡️💹
Ready to dive back into the world of crypto with the best in the game! #BinanceIsBack #cryptoindia #TradeBetter #binance #bnb
Indian User Loves Binance and Binance Loves Indian User 🇮🇳
Binance has released two new URLs for Indian customers to access the #Binance platform without VPN.
#binance #cryptoindia #BTC #etf
Binance has released two new URLs for Indian customers to access the #Binance platform without VPN.
#binance #cryptoindia #BTC #etf