This week on Crypto Twitter: Fake ETF News Pumps Bitcoin

This week on Crypto Twitter: Fake ETF News Pumps Bitcoin



Bitcoin holders have made huge gains this week Industry announcements-Both real and apocryphal-Bitcoin ETF greenlit by SEC for hunting ground unknown about the industry.

The price of Bitcoin gained 10% on Monday after the publication of the crypto Cointelegraph TradFi falsely tweets that asset management titan BlackRock has been approved to launch a US bitcoin spot ETF. including many journalists Fox‘s Eleanor Terrett and Bloomberg James Seifert denied the rumours.

Cointelegraph He later owned up to the mistake in a tweet:

Imagine how many crypto fans reacted to SEC Chairman Gary Gensler's reaction to the whole controversy. Gensler is an avowed crypto skeptic whose “regulation by enforcement” style has been widely called by the industry, as well as sympathetic lawmakers in Washington.

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In other news, the ongoing trial of disgraced FTX co-founder and former CEO Sam Bankman-Fried continues apace. Crypto analyst Adam Kochan called out SBF's legal team for its delaying tactics and pre-evolution.

Chinese blockchain journalist Colin Wu has pointed out some worrying cash flows on Britain's BitTrace.

Tech journalist Joseph Cox 404 media The FBI has announced new disclosures about ACG, a group of con artists and hackers responsible for a series of SIM swapping attacks. The tactic involves fraudsters convincing mobile network companies to reassign the victim's phone number to the fraudster's SIM card, allowing them to gain access to their account. Seems like crime pays, sometimes.

Peter Johnson, co-head of ventures at Brevan Howard Digital, the crypto-focused alternative investment arm of Brevan Howard, shared 10 key takeaways from the company's new stablecoin report.

Crypto Twitter's favorite pseudonym, blockchain sleuth ZackXBT, revealed a new gig on Thursday when he was nominated for the nomination. Polygon's new protocol council.

Finally, the followers of the LBRY protocol bid a final farewell for the day. LBRY was a file sharing project that got a federal court ruling. In the month of July that it is responsible for violating US security laws. of Buyer The protocol states that it is “perpetually prohibited and prohibited from directly or indirectly participating in any unregistered offering of crypto asset securities.”

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