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Cointelegraph: "Bitcoin Spot ETF Approved" Fake News Originates from Unverified Screenshot.

BlockBeats reported on October 17th that Cointelegraph released a full internal timeline of the "US SEC approves BlackRock's iShares bitcoin spot ETF" false news incident, which was previously reported in error. The origin of the false news was a screenshot posted by an X (original Twitter) user, claiming it came from Bloomberg Terminal, but it was unverified. In order to release the latest developments as soon as possible, an employee reported the false news to X without confirming the reliability of the source beforehand, which violated Cointelegraph's social media process requiring source verification and editorial approval before publication. Cointelegraph stated that in order to prevent similar incidents from happening again, the Cointelegraph team is thoroughly reviewing and auditing its social media management process, especially the process of verifying breaking news before posting. They are discussing with all relevant employees and will make any necessary structural changes. Cointelegraph is committed to learning from these mistakes and upholding the highest standards of journalism.
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In 10 minutes, nearly $100 million was spent in the market on CoinTelegraph's "false news", with short positions liquidated for $72 million and long positions liquidated for $26 million.
Good morning! Here is a summary of important news in the cryptocurrency industry from the night of October 17th to this morning.
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