For those of you that saw this story yesterday about the SEC's X (formerly Twitter) account being compromised, there is a lot to unpack here. Of course the idea that the Securities and Exchange Commission account could be hacked is concerning as you would expect the level of security for the account to be extremely high, for just such a reason. As we saw, an announcement on this account of any kind can instantly impact capital markets due to the regulator's power. So anything that gets posted on this account has to be taken seriously.
In this case, you might ask why, if an announcement turned out to be false moments later, anyone would go to the trouble. Well that is one of the things our colleague Brandon Mintz, CEO of Bitcoin Depot, explains in this Fox News Media interview. The trick of course will be in tracking down the manipulators, a discussion I have with my colleagues Michael Schafler, FCIArb, QArb and Norman J. Groot frequently. Fortunately they are both experts at it.
Having worked on some of the first cryptocurrency trading issues in Canada, I remember the amount of scrutiny the Canadian Securities Administrators gave to the offering of cryptocurrency ETFs in Canada.
Brandon has some interesting observations in this interview about the situation.
#bitcoin #bitcoindepot #cryptocurrency
I know that there was a lot of confusion regarding the tweet approving the ETF Spot for Bitcoin last night so Brandon Mintz went back onto LiveNOW with Fox to address this.
Although we are still anxiously awaiting the true decision regarding the ETF approval, this interview will certainly help shed light and some clarity on this ongoing approval process and how this may affect Bitcoin's value and that of Bitcoin Depot.
#bitcoin #bitcoinetf #bitcoinnews #bitcoindepot #bitcoinprice #eft #sec #twitterhack
SEC: Post approving Bitcoin ETFs 'unauthorized'
livenowfox.com
Chad Darwin, MBA please help me know what to buy on my Kraken account! 🤔