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In the world of cryptocurrency, the Cardano Foundation's X account was breached by hackers, El Salvador has seen a significant increase in the value of its Bitcoin investment, and some leaders in the crypto industry are concerned about the upcoming renomination of United States Securities and Exchange Commission Commissioner Caroline Crenshaw.
The Cardano Foundation recently experienced a hack on their X account when a threat actor gained unauthorized access on December 8th. The hacker posted harmful links on the Foundation's social media platform.
At first, the hacker made a post promoting a fake token named "ADAsol", which was able to generate around $500,000 in trading activity before it failed.
After promoting the fake token, the hacker made another false post saying that the Cardano Foundation would stop supporting ADA because of pressure from the SEC in the US.
One example of a deceitful post made from the Cardano Foundation's hacked X account. This information comes from ZackXBT.
Both of the posts have been removed, and the Cardano Foundation is currently taking steps to regain access to the social media account.
Users are advised to avoid the account and refrain from clicking on any links from the Cardano Foundation X page until the problem has been completely resolved.
El president de El Salvador, Nayib Bukele, mencionó en redes sociales las ganancias no realizadas del país provenientes de sus inversiones en Bitcoin, después de que la criptomoneda superara los $100,000 por primera vez. Las ganancias de Bitcoin de El Salvador han alcanzado más de $300 millones.
Bitcoin (BTC) hit $100,000 on December 5th, causing excitement among those involved in the cryptocurrency community. Autism Capital, a crypto account on X platform, requested Bukele to reveal El Salvador's Bitcoin assets in order to respond to critics. Bukele then shared the country's BTC holdings on the platform.
Origin: Nayib Bukele
The most recent information from Bukele indicates that the country has invested almost $270 million in Bitcoin since first starting to use the digital currency. The report indicates that no Bitcoin has been sold, and the current unrealized profits are now over $333 million.
The cryptocurrency industry is concerned about the upcoming vote on whether to renominate SEC Commissioner Caroline Crenshaw, who has been critical of cryptocurrencies. Many leaders in the industry are frustrated by the prospect of her being reelected.
In January, Crenshaw was one of the two commissioners from the SEC who opposed the approval of exchange-traded funds (ETF) for Bitcoin (BTC).
Emilie Choi, president and COO of crypto exchange Coinbase, expressed her disagreement with Caroline Crenshaw's views on cryptocurrency, particularly her opposition to Bitcoin ETFs. Choi believes that the SEC needs to make changes in light of Crenshaw's stance. This was stated in a post on December 7th.
Origin: Alexander Grieve
According to Alexander Grieve, the vice president of Paradigm government affairs, Senate Banking Chair Sherrod Brown is attempting to quickly push through the renomination of SEC commissioner Caroline Crenshaw, which he sees as a final gesture against cryptocurrency before leaving office.
According to Bloomberg ETF analyst James Seyffart, Crenshaw was not only a supporter of SEC chair Gary Gensler but was also more strongly against cryptocurrency than Gensler himself. This information was shared in a post on December 7th.
After the SEC approved spot Bitcoin ETFs in the United States on January 10th, Crenshaw, an SEC commissioner since August 2020, criticized the decision, calling it "unwise and not in line with historical precedent."