Cointelegraph tweeted “🚨BREAKING: SEC APPROVES ISHARES BITCOIN SPOT ETF.” on X at 9.21pm (UTC+8) on October 16, 2023.
Because of this announcement, Bitcoin ($BTC) pumped at 9.25pm to about 30 thousand USD.
However, just over half an hour later, they edited the post on X to add the word, “REPORTEDLY".
At the time of writing now, it appears that they have taken the post down as there is no such post to be seen.
BlackRock, the company that is in charge of iShares ETFs, has confirmed that this news is inaccurate.
As a result of this false alarm, more than 65 million USD worth of Bitcoin has been liquidated.
Cointelegraph has also posted an apology regarding this inaccurate news and vowed to update with a reply in 3 hours.
Here's a summary of what happened at a glance.
ZK International is adopting cryptocurrency payments, starting with Bitcoin, to improve transaction speed and reduce costs for global trade. This move aims to simplify cross-border payments and provide a more efficient and flexible financial system for its international partners.
WeatherlyBhutan’s Bitcoin reserves have now crossed $1 billion, positioning the nation as one of the top holders of cryptocurrency.
XingChiHe shared that he first stumbled upon cryptocurrency a few years ago and immediately piqued his interest. After doing his own research on it, he decided to do a little bit of personal investment on crypto.
XingChiRoman Sterlingov, founder of the Bitcoin Fog crypto mixer, was sentenced to 12.5 years in prison for laundering over $400 million linked to illegal activities. He was also ordered to forfeit $395.5 million and his share in a Bitcoin wallet holding 1,345 BTC, worth over $103 million.
WeatherlyThe National Center for Public Policy Research is warning Microsoft that they could potentially be looking at a lawsuit if they decide to not invest in Bitcoin and the prices of Bitcoin increase.
XingChiWith Trump emerging victorious, the community is watching closely to see if Trump keeps to his promises.
XingChiBitcoin is outpacing traditional assets like gold due to increasing adoption by individuals and institutions. With political backing and a surge in value, it’s gaining traction as a reliable store of value, alongside stablecoins for everyday transactions.
JoyThe crypto industry has invested heavily in the 2024 US election, with companies like Coinbase and a16z donating millions to support pro-crypto candidates. In total, the sector has contributed over $133 million to super PACs backing crypto-friendly policies.
AnaisColorado residents has been receiving calls from "Sergeant Schilling", coercing victims to pay a $10,000 fine for missing their jury duty.
XingChiLu Lei, vice-governor of the People’s Bank of China (PBoC), has just offered an unexpected tribute to Satoshi Nakamoto
XingChiAfter a period of market movement, the market will have a concentrated MEME season. This is because there is a lot of money in the market at this time and FOMO is high. Still want to find new opportunities to get rich.
JinseFinanceRecently, with the help of Musk's Twitter, meme assets such as Troll and Zuzalu have soared in popularity. So, what exactly is a meme? Why are meme assets so popular? What do you think of meme assets?
JinseFinanceVolumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.
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