Bitcoin

Read

<div class="cryptonews"> 
 <p class="is-style-lead">After rumors surfaced suggesting that BlackRock, the largest asset management firm, is poised to acquire Voyager Digital, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>.news confirmed that the deal was fabricated. </p> 
 <p>When <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>.news reached out to BlackRock to confirm the veracity of the alleged buyout, Carolyn Vadino, the firm’s managing director of corporate communication, categorically confirmed that the press release was false.</p> 
 <p>According to Chinese <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> reporter Colin Wu, these rumors propagated as ‘news’ were likely intended to artificially inflate Voyager’s native token (VGX), a tactic known as ‘pumping.’&nbsp;</p> 
 <p>This misinformation was published as paid content on the reputable Associated Press (AP) website, emphasizing the far-reaching implications of such deceptive practices.</p> 
 <p>Wu traced the origin of the misleading press release to a Chinese social media account with a solitary follower, further highlighting the dubious nature of these claims.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">Someone created fake news that BlackRock plans to acquire Voyager Digital to pump tokens. The Associated Press website even published it with paid content. The social media source marked in the press release is a Chinese account with only one fan. VGX has gained 8% in the last 24… pic.twitter.com/ypLSeuTn7r</p>— Wu Blockchain (@WuBlockchain) September 9, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p>The news story elaborated that BlackRock had concluded its preliminary due diligence on Voyager Digital, a <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> already reeling under bankruptcy proceedings. It went on to state that negotiations were underway regarding the purchase of assets and shares from the bankrupt firm and that both parties had reached a tentative agreement for the acquisition.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> US SEC accepts BlackRock’s spot Bitcoin ETF application 
 </div> 
 <h2 class="wp-block-heading" id="voyager-boost">Voyager boost</h2> 
 <p>In the wake of the false report, Voyager Digital’s token, VGX, saw an 8% increase within a 24-hour time frame, showcasing the influence of fake news on the cryptocurrency markets.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="1024" src="https://cdn.thebittimes.com/images/2023/09/10/ee7309e9815abda92be61a31c835c599.webp" alt="BlackRock denies buying crypto trading platform Voyager Digital - 1" class="wp-image-14193136"> 
  <figcaption class="wp-element-caption">
    VGX price chart | Source: CoinGecko 
  </figcaption> 
 </figure> 
 <p>At the time of going to press, VGX had lost 2.8% of its value. However, it was still 17.7% higher over seven days, and 18% over two weeks, per data from CoinGecko.</p> 
 <p>BlackRock, which oversees $9.4 trillion in assets, has made no secret of its growing interest in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>. The firm recently applied to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin (BTC) exchange-traded fund (ETF). However, the SEC has delayed its decision on the application until Oct. 17, alongside those of Wisdom Tree, Bitwise, Invesco, Ark Invest and VanEck.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Voyager Digital bankruptcy proceedings hit $1.1m in legal advisory fees 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/blackrock-denies-buying-crypto-trading-platform-voyager-digital-tbt62193.html">https://thebittimes.com/blackrock-denies-buying-crypto-trading-platform-voyager-digital-tbt62193.html</a></p>

BlackRock denies buying crypto trading platform Voyager Digital

Table of Contents

TheBitTimes

Other articles published on Sep 10, 2023

BlackRock Denies Acquisition Rumors

FTX pushes for settlement, Stake suffers massive hack, regulatory efforts thrive | Weekly Recap

SEC setback narrows profit opportunity for GBTC investors

Bitcoin (BTC) Price Analysis for September 10

Asset Managers Diversify Portfolio to Include Digital Assets: Report

Ethereum Founder Vitalik Buterin Falls Victim to Twitter Hack – Beware of Shared Links

Join our free newsletter for daily crypto updates!