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.
The United States has captured Venezuelan leader Nicolás Maduro, who is now facing narco-terrorism charges in New York, and may seize the country’s alleged $60 billion Bitcoin reserve. Crypto markets jumped as investors reacted to both Maduro’s arrest and the potential removal of a large amount of Bitcoin from circulation.
AnaisPrenetics has stopped buying Bitcoin and will no longer add to its crypto holdings, choosing instead to focus its capital on growing IM8, the nutrition brand co-founded by David Beckham. The company will keep its existing 510 Bitcoin but says IM8’s strong revenue growth offers a clearer path to long-term value.
WeatherlyA Brazilian music project will turn real-time Bitcoin price changes into live orchestral performances using an algorithm to guide the instruments. The initiative has received government approval and funding through Brazil’s tax incentive programme to bring the concept to life in Brasília.
WeatherlyTrump Media & Technology Group bought 451 more Bitcoin, bringing its total holdings to 11,542 coins worth over $1 billion. The company is using Bitcoin as a long-term reserve and is expanding into crypto investments and related financial services.
AnaisTaiwan’s authorities are holding 210.45 Bitcoin and other cryptocurrencies seized from criminal cases. The assets remain under judicial control, with no plans yet announced for sale, conversion, or use in national reserves.
WeatherlyRussia has confirmed that cryptocurrencies like Bitcoin and Ethereum cannot be used for payments, with all domestic transactions required to be in rubles. At the same time, the country allows crypto for cross-border trade and investment, with banks offering related products under strict rules.
AnaisA Bitcoin investor lost his entire retirement savings after sending $85,958 to a scammer posing as a romantic partner and trader. Despite repeated warnings from his adviser, the investor fell for a pig butchering scam that used emotional manipulation and false promises of high returns.
AnaisFrench fintech Lyzi has partnered with Porsche and Lamborghini to let customers pay for luxury cars using cryptocurrencies, including Bitcoin, USDC, and over 80 other digital assets. Payments are converted instantly into euros, protecting dealerships from crypto price changes and providing a smooth wallet-to-terminal experience.
AnaisMichael Saylor urged governments to create Bitcoin-backed digital bank accounts to offer higher returns than traditional deposits. He suggested such accounts could attract trillions in global savings, but Bitcoin’s volatility and regulatory challenges make the idea risky.
WeatherlyA Europe-wide investigation uncovered a crypto fraud network that laundered over €700 million through fake trading platforms, deepfake adverts, and call centres. Authorities arrested multiple suspects and seized cash, crypto, and luxury goods while targeting the scam’s marketing and operational networks across seven countries.
AnaisAfter 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.
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