Tag: News

Scroll Launches zkEVM Mainnet | Blockchain News

On October 17, 2023, Scroll, an open-source, community-centric Ethereum scaling solution, unveiled its mainnet, marking a pivotal stride towards augmenting scalability and propelling developer adoption on the Ethereum blockchain. This comes after two years of extensive development and stringent testing, utilizing zero knowledge (zk) proofs to offload computation from the primary blockchain, thereby addressing the challenges of rising network traffic and costs on Ethereum due to its burgeoning user and project base. Scalability Unleashed Employing zk proofs, Scroll has innovated a mechanism that significantly boosts transaction throughput, by expediting transaction…

BlackRock Reacts To False Bitcoin Spot ETF Approval News In A Positive Way

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Investment management firm Blackrock has reacted to rumors about the approval of its Bitcoin Spot ETF application by the United States Securities and Exchange Commission (SEC) which caused quite a stir among the cryptocurrency community. Blackrock CEO Responds To Claims On Bitcoin Spot ETF On Monday, crypto news outlet CoinTelegraph posted on X (formerly Twitter) that the US Security and Exchange Commission (SEC) had approved a long-anticipated application of Bitcoin Spot ETF, but later retracted the report. However, the post sparked excitement within the crypto community causing the Bitcoin price…

Whale bought $5.7b in BTC futures amid Bitcoin ETF fake news

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Fake news on Bitcoin ETF, initially posted by Cointelegraph, forced a whale to buy an astounding amount of Bitcoin Futures. A whale made a Bitcoin (BTC) futures purchase of $5.7 billion following the false report suggesting that BlackRock, the world’s largest asset manager, had obtained approval for a BTC spot exchange-traded fund (ETF).  Ki Young Ju, co-founder and CEO of market resource CryptoQuant, highlighted this development on X. Bitcoin’s pump on the back of the false ETF report had catalyzed a high trading activity and short liquidations. Ju confirmed that…

Crypto market sees massive ‘pump and dump’ amid fake Bitcoin ETF news

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The cryptocurrency ecosystem witnessed “pump and dump” after false news around the BlackRock Bitcoin (BTC) spot exchange-traded fund (ETF) emerged on Oct. 16. According to CoinMarketCap (CMC), the global crypto market capitalization reached a two-week high of $1.12 trillion just a few minutes after Cointelegraph shared the fake news of the iShares BTC ETF approval.  Crypto market cap briefly touching $1.12b | Source: CoinMarketCap The 24-hour trading volume of the digital currency market also reached a local top of around $63 billion. However, after BlackRock officially denied the approval of…

Clarification on sharing false spot Bitcoin ETF news

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Dear Cointelegraph readers, We are incredibly grateful for the support and trust you have placed in our publication over the last 10 years. We strive to deliver the most thoughtful, engaging and impactful news affecting the cryptocurrency space. Earlier today, during routine coverage, Cointelegraph’s social media team posted a message on X without prior editorial approval stating that the United States Securities and Exchange Commission had approved BlackRock’s iShares spot Bitcoin exchange-traded fund, or ETF. This was false, the result of misinformation. The news lead originated from an unconfirmed screenshot…

Analyst suggests false Bitcoin ETF news was market manipulation

A popular crypto YouTuber known as Crypto Banter recently discussed how potentially fake news around a Bitcoin spot ETF approval caused a pump and dump in the Bitcoin price. In a video posted on Oct. 16th, the host explained that news circulated early in the day that the SEC had approved a Bitcoin spot ETF by BlackRock. This news caused the Bitcoin price to surge dramatically from around $28,500 to briefly over $30,000. However, the host revealed that the news turned out to be fake. BlackRock confirmed they did not…

Bitcoin Price Surges 7% In 10 Minutes On Fake iShares ETF News

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Bitcoin price just made one of its most volatile moves in some time on the back of what has amounted to be fake news regarding the approval of the BlackRock iShares spot BTC ETF. Within seconds of a fake X post, BTCUSD surged by over 7% in ten minutes – only to retrace the entire rally and then some. Bitcoin Price Rejected As iShares ETF News Revealed To Be False No, BlackRock’s iShares spot Bitcoin ETF has not been approved. But that’s what was just making waves around social media,…

Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event?

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Since September, Chainlink (LINK) price has gained more than 25%, outperforming Bitcoin (BTC), Ethereum (ETH) and most altcoins. Currently, the project is the leading decentralized blockchain oracle solution and ranks 15th in terms of market capitalization when excluding stablecoins.  In September, LINK’s price surged by an impressive 35.5%, but in the month-to-date performance for October, LINK has faced a 10% correction. Investors are concerned that breaking the $7.20 support level may lead to further downward pressure, potentially erasing all the gains from the previous month. Chainlink (LINK) 12-hour price index,…

Crypto CEO Delivers Bad News For The Altcoin

Amidst the debate on the XRP price future trajectory, the CEO of Evai Crypto Ratings, Matthew Dixon, has provided insights into the token’s direction using the Elliot Wave Theory. However, his analysis doesn’t provide any relief to XRP holders as he projects a further decline for the token and its ecosystem. How XRP Price Is Looking On The Charts In a tweet shared on his X (formerly Twitter) platform, Dixon shared a price chart of XRP dating back to July, when Judge Analisa Torres ruled in favor of Ripple against…

Shift Towards Holding Long-Term; 68.5% of Total Circulating Bitcoin Supply Remains Untouched – Blockchain News, Opinion, TV and Jobs

By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ).  Analysing BTC supply, approximately 68.5% of the total circulating supply has remained untouched for at least one year, nearing its highest level. Additionally, BTC’s hashrate, indicating the computational power on the blockchain network, has reached an all-time high on a 7-day moving average. These statistics underscore Bitcoin’s resilience. Long-term holders are increasing in number, reflecting a shift toward holding the asset for longer-term appreciation rather than speculative purposes. Simultaneously, the heightened competition among miners, despite an…