BITCOIN

U.S. lawmakers are demanding answers from the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler regarding the regulator’s X account breach that led to a fake tweet on the social media platform announcing the approval of spot bitcoin exchange-traded funds (ETFs), a decision the commission hadn’t yet made at the time. The SEC says it’s investigating the incident. According to Elon Musk’s X platform, the SEC’s account did not have two-factor authentication enabled at the time the account was compromised. SEC Investigates X Account Breach, Lawmakers Want Answers Four U.S. lawmakers sent a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on Wednesday “demanding a briefing on the SEC’s compromised X account, which led to a false tweet announcing the approval of bitcoin ETFs on January 9.” The official X account of the SEC was compromised on Tuesday evening. The letter was signed by the Chairman of the House Financial Services Committee, Patr

Financial research firm Fundstrat’s head of research has predicted that the price of bitcoin is headed for $150K and could hit $500K in five years. Emphasizing the cryptocurrency’s finite supply and “a potentially huge increase in demand with a spot bitcoin approval,” the analyst stressed that it is “definitely achievable” that bitcoin could reach half a million dollars in five years. Bitcoin Expected to Hit $150K Short-Term, $500K Possible Long-Term The head of research at Fundstrat, an independent financial research boutique, Tom Lee, shared his view on the bitcoin price outlook in an interview with CNBC on Wednesday. Replying to a question about what the price of bitcoin will be in one year and five years, he said: I think in the next 12 months, something over $100,000 … maybe over $150,000. Lee expressed the significance of the U.S. Securities and Exchange Commission (SEC)’s approval of 11 spot bitcoin exchange-traded funds (ETFs) on Wednesday. The funds started trading o

Rich Dad Poor Dad author Robert Kiyosaki has revealed that he bought additional bitcoin following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The famous author is deeply concerned about the U.S. economy, particularly the threat of hyperinflation. Robert Kiyosaki Increases Bitcoin Holdings After SEC Green-Lights Spot BTC ETFs The author of Rich Dad Poor Dad, Robert Kiyosaki, has revealed that he bought additional bitcoin following the approval of 11 spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. The famous author wrote on social media platform X Thursday: “Inflation or deflation? What if the PhDs at [the] White Hou

U.S. spot bitcoin exchange-traded funds (ETFs) racked up $4.6 billion in total trading volume on their first day of trading. Blackrock, the world’s largest asset manager, debuted with more than $1 billion in trading volume for its Ishares Bitcoin Trust. Grayscale’s spot bitcoin ETF, which converted from the Grayscale Bitcoin Trust, registered a total trading volume of $2.3 billion. This is “easily the biggest Day One splash in ETF history,” said an ETF analyst. $4.6 Billion in Total Trading Volume The long-awaited debut of U.S. spot bitcoin exchange-traded funds (ETFs) ignited a trading frenzy on their first day of trading Thursday, reaching a cumulative volume of $4.6 billion. Blackrock, the world’s largest asset manager, debuted with over $1 billion in trading volume for its Ishares Bitcoin Trust (IBIT), followed by Fidelity Wise Origin Bitcoin Fund (FBTC), with a trading volume of $712 million. Grayscale’s spot bitcoin ETF, which was converted from its bitcoin trust (GBTC), had