CoinTelegraph Reveals Timeline Of Events That Led To $100 Million In Bitcoin Liquidated
The post CoinTelegraph Reveals Timeline Of Events That Led To $100 Million In Bitcoin Liquidated appeared on BitcoinEthereumNews.com. Crypto media platform Cointelegraph has provided clarification on how the false Spot Bitcoin ETF approval news, which was released on its Twitter and Telegram platforms, came about. Although now deleted, the post caused a stir in the crypto community and crypto market by extension. Events Leading Up To Cointelegraph’s Post According to a post released on its website, Cointelegraph stated that the news lead originated from “an unconfirmed screenshot posted by an X user who claimed it was from the Bloomberg Terminal.” The post further contained details of how the team got wind of the rumored news through a Telegram channel, which they usually get developing stories. Upon getting wind of this rumor, one of the platform’s employees reposted it in an internal Slack channel. However, without confirming the authenticity of the news, another employee went on to publish the development on their X and Telegram platform. This was reportedly done without getting the required editorial approval. Source: X The post simply stated that the US Securities and Exchange Commission (SEC) had approved iShares Bitcoin Spot ETF. This Bitcoin Spot ETF in question happens to be the one that asset manager BlackRock plans to offer if approved by the SEC. Following Cointelegraph’s post, many, including Bloomberg ETF analysts James Seyffart and Eric Balchunas, questioned the veracity of the news. While this was ongoing, the employee who initially shared the post in the Slack channel noted that the source could not be found as the telegram account that posted it seems to have been deleted. This led to another employee editing the X and Telegram posts to include the word “reportedly” at the end of the post. The posts were eventually deleted after the news platform got confirmation from BlackRock that the report was incorrect while issuing a statement confirming that…
The post CoinTelegraph Reveals Timeline Of Events That Led To $100 Million In Bitcoin Liquidated appeared on BitcoinEthereumNews.com.
Crypto media platform Cointelegraph has provided clarification on how the false Spot Bitcoin ETF approval news, which was released on its Twitter and Telegram platforms, came about. Although now deleted, the post caused a stir in the crypto community and crypto market by extension. Events Leading Up To Cointelegraph’s Post According to a post released on its website, Cointelegraph stated that the news lead originated from “an unconfirmed screenshot posted by an X user who claimed it was from the Bloomberg Terminal.” The post further contained details of how the team got wind of the rumored news through a Telegram channel, which they usually get developing stories. Upon getting wind of this rumor, one of the platform’s employees reposted it in an internal Slack channel. However, without confirming the authenticity of the news, another employee went on to publish the development on their X and Telegram platform. This was reportedly done without getting the required editorial approval. Source: X The post simply stated that the US Securities and Exchange Commission (SEC) had approved iShares Bitcoin Spot ETF. This Bitcoin Spot ETF in question happens to be the one that asset manager BlackRock plans to offer if approved by the SEC. Following Cointelegraph’s post, many, including Bloomberg ETF analysts James Seyffart and Eric Balchunas, questioned the veracity of the news. While this was ongoing, the employee who initially shared the post in the Slack channel noted that the source could not be found as the telegram account that posted it seems to have been deleted. This led to another employee editing the X and Telegram posts to include the word “reportedly” at the end of the post. The posts were eventually deleted after the news platform got confirmation from BlackRock that the report was incorrect while issuing a statement confirming that…
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