Bitcoin

<p>A tumultuous 24 hours in crypto underscored the market’s susceptibility to misinformation, prompting a <a href="https://twitter.com/SECGov/status/1714020932509982771" target="_blank" rel="noreferrer noopener nofollow">warning</a> from the SEC.</p> 
<p>The saga began when Cointelegraph wrongly reported the SEC had approved a spot Bitcoin ETF from BlackRock’s iShares. This false claim spread rapidly on social media, fueling significant price volatility.</p> 
<p>BlackRock swiftly refuted the rumors, confirming its application was still under review. Cointelegraph subsequently edited their post to say “reportedly” but faced backlash over the blunder. Their apology and follow-up report did little to appease the angry community.</p> 
<p>The misreport contributed to around $182.5 million in liquidations over 24 hours. Bitcoin briefly surpassed $30,000 before plunging 8% amid the chaos.</p> 
<p>Some observers believe this incident could undermine Bitcoin ETF approval chances by providing the SEC with grounds for denial. However, analyst sentiment largely remains bullish, with Bloomberg predicting a 90% chance of approval by early 2024.</p> 
<p>While the market rebounds, this fake news storm has ignited discussion around crypto’s vulnerability to speculation and misinformation. It exemplified how rapidly false claims can propagate and their power to move markets.</p> 
<p>Maintaining journalistic integrity and caution against unfounded rumors is crucial. This event was an important reminder to investors and media professionals alike about confirming sources before acting on unverified information.</p> 
<p>As the SEC reiterated, their official channels remain the best source for accurate details on regulatory decisions. Expect closer scrutiny of crypto news amid a heightened focus on trust and transparency.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a rel="nofollow" href="https://captainaltcoin.com/sec-alerts-public-amidst-false-bitcoin-etf-speculations/">SEC Alerts Public Amidst False Bitcoin ETF Speculations</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

SEC Alerts Public Amidst False Bitcoin ETF Speculations

Table of Contents

CaptainAltcoin

Other articles published on Oct 17, 2023

Justin Sun deposits $25.5m on Binance

Crypto Prices Today: BTC, ETH, UMA, & HOT’s 24 Hour Success

SOL Price Prediction: Solana Could Surge 20% to $30

Top 5 US EV Stocks That Could Yield Great Profits in 2024

U.S. tech giants add $2.4 trillion to market cap in 2023

Cracking the Code: Unveiling the Deceptive ‘Angel Drainer’ Phishing Gang & Proactive Strategies t...

Join our free newsletter for daily crypto updates!