Bitcoin News and Finance: What You Need to Know

Microstraetgy’s executive chairman, Michael Saylor, has warned about new bitcoin giveaway scams using AI-generated deepfake videos featuring him and his company. “There is no such thing as a free lunch,” the Microstratgy executive stressed. The deepfake Saylor urges investors to send him bitcoin or ether, promising to double any amount sent. Saylor Warns of Deepfake Bitcoin Giveaway Scams A wave of scams targeting cryptocurrency investors using AI-generated deepfake videos has swept across platforms like Youtube and X, with Ripple CEO Brad Garlinghouse and Microstrategy executive chairman Michael Saylor among the prominent figures featured. On Friday, Saylor issued a warning about fraudulent deepfake videos of him and Microstrategy giving away bitcoin appearing on Youtube. The AI-generated videos prompted him to urge his followers to exercise caution, emphasizing: “There is no such thing as a free lunch.” The video shows a deepfake of Saylor urging viewers to send him bitcoin, p...

Former Bitmex CEO Arthur Hayes is cautioning about a potential 30% correction in the bitcoin market. “The washout could be even more severe if the slate of U.S.-listed spot bitcoin ETFs has already commenced trading,” he warned. “I could easily see a 30% to 40% correction due to a dollar liquidity rug pull.” Ex-Bitmex Chief’s Bitcoin Predictions Former Bitmex CEO Arthur Hayes outlined his bitcoin price forecast in a Medium post published last week. He also discussed the impact of spot bitcoin exchange-traded funds (ETFs) on the price of bitcoin. The U.S. Securities and Exchange Commission (SEC) is expected to approve multiple spot bitcoin ETFs early next week. Noting that he expects three variables to “collide with each other in March,” the former Bitmex boss predicts: I expect bitcoin to experience a healthy 20% to 30% correction from whatever level it has attained by early March. The washout could be even more severe if the slate of U.S.-listed spot bitcoin ETFs has already co...

The U.S. Securities and Exchange Commission (SEC) has warned investors about fear of missing out (FOMO). “Just because others might buy a particular investment, doesn’t mean it’s the right opportunity for you,” the SEC noted. “We’ve all seen the increased interest in online investing and the explosion of digital assets and meme stocks. Understanding these kinds of investments may seem overwhelming.” SEC’s FOMO Warning The U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy issued a warning on social media platform X Saturday about the risks of fear of missing out (FOMO). This is the fifth piece of advice in a recent series from the agency. “‘NO GO to FOMO’ (fear of missing out),” the Office wrote, explaining that seeing others invest in a particular investment doesn’t make it the right choice for you. The SEC then urged investors to find out which investments are right for them and their investing goals. The SEC’s warning post references an a...

Blackrock, the world’s largest asset manager, reportedly expects its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust, to be approved by the U.S. Securities and Exchange Commission (SEC) this coming Wednesday. According to reports, the asset manager has lined up over $2 billion in capital for its spot bitcoin ETF launch. Ishares Bitcoin Trust’s Approval Expected Wednesday Anticipation for the U.S. Securities and Exchange Commission (SEC)’s upcoming decision on spot bitcoin exchange-traded funds (ETFs) has reached a fever pitch, with analysts predicting that the regulator may approve multiple applications at once early next week. Jan. 10 is the deadline for the SEC to make a decision on the joint spot bitcoin ETF proposal by Cathie Wood’s Ark Invest and 21shares. While some believe that a decision could come as soon as Monday, Blackrock, the world’s largest asset manager, expects the SEC to approve its spot bitcoin ETF, the Ishares Bitcoin Trust, on Wednesday, acco...