An Alabama man who hijacked the X account of the US Securities and Exchange Commission (SEC) to pump Bitcoin has pleaded guilty to identity theft and access device fraud. Eric Council Jr., along with his co-conspirators, used their unauthorized access to the SEC’s X account to post a false statement claiming the agency had approved […]
El Salvador Backs Away From Its Bitcoin Experiment
Bitcoin is out of power in El Salvador after lawmakers in the country rushed to change laws around the cryptocurrency following a deal with the International Monetary Fund. San Salvador and President Nayib Bukele wanted a loan from the IMF for $1.4 billion dollars and the IMF agreed so long as the country agreed to […]
‘Crypto Is Ground Zero’: Hedge Fund Warns Investors Trump Is Inflating a Catastrophic Bubble
Hedge fund Elliott Management recently sent a letter to investors warning them away from crypto. It urged clients to remember that crypto is a speculative market, suggested that the White House has caused a massive bubble to form, and predicted that a huge crash is coming. The Financial Times saw the letter Elliott sent to […]