Bitcoin

Revolution

<ul>
 <li>Cointelegraph’s misinformation on Bitcoin spot ETF approval sends Bitcoin’s price on a rollercoaster.</li>
 <li>The outlet attributes the error to an unverified screenshot from an alleged Bloomberg Terminal.</li>
 <li>Speculations rise on the involvement of a “USA whale” in the subsequent market turmoil.</li>
</ul>
<p>Recent developments in the crypto world saw Bitcoin’s price soar and then dramatically dip following a report from Cointelegraph regarding the approval of a Bitcoin spot ETF. This turbulence has fueled speculations surrounding the involvement of a significant market player, dubbed the “USA whale.”</p>
<p>Cointelegraph was quick to provide clarification on the misstep. In a statement, they acknowledged that the rush to report the latest happenings inadvertently led to the oversight. The story’s genesis was an unconfirmed screenshot posted by a user, which they claimed was sourced from the Bloomberg Terminal. Without the necessary checks and verifications, the article went live, misleading the crypto community and triggering market fluctuations.</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">Cointelegraph’s Clarification on sharing false spot Bitcoin ETF news: In an effort to publish the developments ASAP, Employee posted the report to X without prior confirmation of the source’s veracity from the editor. The news lead originated from an unconfirmed screenshot posted…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1714074543764214085?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 17, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>While Cointelegraph’s misjudgment and subsequent retraction are clear, the swiftness of Bitcoin’s price movement post-publication has raised eyebrows. The rapid price change has led many to speculate the possible involvement of influential entities in the crypto sphere, specifically pointing to the so-called “USA whale.”</p>
<p>While the whale’s identity and any potential involvement remain speculative, the incident highlights the fragile nature of the crypto market and the immense influence certain players can exert. As the crypto community demands transparency, it’s imperative for news outlets to ensure the accuracy of their reports and for investors to be vigilant and discerning.</p>
<h4 class="wp-block-heading" id="h-recommended-news">Recommended News :</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/cointelegraph-has-launched-an-accelerator-program-for-innovative-web3-startups/" rel="noopener noreferrer nofollow">Cointelegraph has launched an Accelerator program for innovative Web3 startups</a></li>
 <li><a href="https://cryptonewsland.com/market-will-go-down-after-the-us-cpi-is-announced-poll/" rel="noopener noreferrer nofollow">Market Will go Down After The US CPI is Announced: Poll</a></li>
 <li><a href="https://cryptonewsland.com/even-ai-joins-critique-of-us-sec-chairs-performance-a-digital-revolution/" rel="noopener noreferrer nofollow">Even AI Joins Critique of US SEC Chair’s Performance: A Digital Revolution</a></li>
 <li><a href="https://cryptonewsland.com/paxful-shutdown-founder-redirects-users-to-suspected-scam/" rel="noopener noreferrer nofollow">Paxful’s Shutdown and Potential Scam Involvement: What Users Need to Know?</a></li>
 <li><a href="https://cryptonewsland.com/xrp-still-accessible-on-coinbase/" rel="noopener noreferrer nofollow">Don’t Be Fooled by Fake News – XRP Still Accessible on Coinbase</a></li>
</ul>
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/cointelegraphs-etf-misinformation-and-the-usa-whale-involvement/">Cointelegraph’s ETF Misinformation and the “USA Whale” Involvement</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Cointelegraph’s ETF Misinformation and the “USA Whale” Involvement

Crypto News Land

Other articles published on Oct 17, 2023

Platypus Finance recovers 90% of assets lost in exploit

NYM (NYM) Price Prediction 2024, 2025, 2030, 2040, and 2050

Connecting the Dots: Ripple’s Recruitment and IPO Rumblings

KevatPay Introduces New Payments with Decentralized Blockchain Technology

Bancor (BNT) Price Prediction 2024, 2025, 2030, 2040, and 2050

Beli SHIB Modal 1000 Dolar Jadi 6,6 Juta Dolar, Berapa Lama?

Join our free newsletter for daily crypto updates!