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Don’t believe everything you read, especially if it’s about crypto.
Monday morning, the price of Bitcoin spiked 10 percent to $30,000 after a tweet from CoinTelegraph erroneously claimed the Securities and Exchange Commission approved a spot Bitcoin ETF for BlackRock. Crypto folks have been unsuccessfully trying to make this happen for years, to allow Bitcoin investment without using an exchange.
The SEC has not approved it, and the tweet was pulled about 30 minutes later, with CoinTelegraph promising to follow up with an investigation (we have not seen its results yet). Now the SEC has some advice on where to go for information about its activities.
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