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.
Trump Media has received SEC approval to raise $2.3 billion through share deals and convertible notes, with plans to use part of the funds to buy Bitcoin. The company aims to hold Bitcoin in its treasury, launch a Bitcoin ETF, and offer crypto-based services through Truth Social and a new streaming platform.
WeatherlyMetaplanet has reached 10,000 Bitcoin six months ahead of its target, becoming the ninth-largest public holder and surpassing Coinbase. It raised funds through zero-interest bonds and a record $5.4 billion equity programme, with plans to own 1% of all Bitcoin by 2027.
JoyA Chinese man was arrested at Don Mueang Airport while trying to flee to Singapore after being accused of stealing over $6 million in Bitcoin from two investors. Thai police had been tracking him since April and stopped him just before he boarded the flight.
WeatherlyUkraine has introduced a draft law that would allow its central bank to hold cryptocurrencies like Bitcoin in its national reserves. The decision to include crypto assets would be entirely up to the central bank, with no obligation to act immediately.
WeatherlyThe Czech Justice Ministry accepted a €40 million Bitcoin donation from a convicted criminal, sparking a major political scandal. Justice Minister Pavel Blažek resigned, and Eva Decroix was appointed to help restore public trust ahead of upcoming elections.
AnaisParaguay’s president’s X account was hacked, and a fake post falsely claimed the country had made Bitcoin legal tender. The government quickly denied the claim, launched an investigation, and is working with X to restore security.
AnaisUS and El Salvador held a high-level meeting to strengthen cooperation on Bitcoin and digital assets. They discussed ways to work together on Bitcoin innovation and develop clearer crypto regulations.
WeatherlyCalifornia has passed a bill to claim inactive cryptocurrency from exchange accounts after three years with no user activity. The assets will not be sold but held safely until owners reclaim them.
WeatherlyTrump Media is entering the Bitcoin ETF race. But can it compete with Wall Street titans like BlackRock and Fidelity?
XingChiA former Russian energy executive used stolen electricity to mine Bitcoin at home, causing losses to the power grid. Police seized his crypto and uncovered further corruption linked to his role in the energy sector.
WeatherlyAfter 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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