False Alarm: Cointelegraph's Blunder About iShares Bitcoin Spot ETF Pumped Bitcoin Price to 30K
Cointelegraph tweeted that SEC approved iShares' Bitcoin (BTC) Spot ETF, but was confirmed to be false by BlackRock.
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Cointelegraph tweeted that SEC approved iShares' Bitcoin (BTC) Spot ETF, but was confirmed to be false by BlackRock.
This development follows a transaction made just three weeks ago, where another wallet linked to Ethereum co-founder Vitalik Buterin sent 400 ETH, valued at approximately $600,000, to Coinbase.
Fake spot Bitcoin ETF news’ approval disseminated by Cointelegraph caused BTC price to pump to $30k before dropping while the news outlet quickly jumped on damage control.
iSanctuary did not name the exchanges.
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Cointelegraph, a leading cryptocurrency news publication, issued a clarification and apology for the inadvertent dissemination of unverified information regarding a spot Bitcoin ETF approval by the United States Securities and Exchange Commission (SEC).
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