Daily Crypto News Jan 10: SEC Twitter Hack Sparks Security Concerns, Fee Cuts in Bitcoin ETF Race
The cryptocurrency community is in a stir following a security breach at the U.S. Securities and Exchange Commission (SEC), where its Twitter account was compromised, leading to the posting of a fake Bitcoin ETF approval tweet. This incident, exacerbated by the lack of two-factor authentication (2FA) on the SEC's account, has raised significant concerns about digital security. The SEC and Twitter are jointly investigating the breach, while U.S. senators are demanding a thorough explanation for the misleading tweet.
In a proactive response, Coinbase executives have offered their expertise to help the SEC improve its security measures, showcasing the collaborative potential between regulatory bodies and crypto companies. Additionally, this incident has inspired creativity, with the fake SEC and Gensler tweets being permanently inscribed into Bitcoin ordinals, demonstrating the immutable nature of blockchain technology.
Meanwhile, in the investment world, major players like BlackRock, ARK, and 21Shares are aggressively cutting fees for their Bitcoin ETFs. This move marks an intensifying competition in the burgeoning ETF market, as firms vie for the attention and trust of potential investors in the volatile but lucrative cryptocurrency space.
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News Links π
Lil Bubble
https://www.youtube.com/watch?v=xfwpAhlVALQ
https://decrypt.co/212245/sec-twitter-investigate-fake-bitcoin-etf-tweet
https://decrypt.co/212226/fake-sec-gensler-tweet-inscribed-bitcoin-ordinals
https://decrypt.co/212263/u-s-senators-demand-explanation-for-secs-fake-bitcoin-etf-approval-tweet
https://www.coindesk.com/markets/2024/01/10/blackrock-ark-21shares-cut-bitcoin-etf-fees/
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