How a Hack of the S.E.C.’s Social Media Account Caused a Bitcoin Frenzy, Briefly

[ad_1] For 15 minutes, the cryptocurrency industry was euphoric. At 4:11 p.m. on Tuesday, the official X account of the Securities and Exchange Commission announced that regulators had approved a new investment product tracking the price of Bitcoin, an apparent victory for the embattled crypto industry. Coinbase, a giant crypto exchange, posted a celebratory banner….

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