Earlier this week, Yahoo Finance and Investing.com shared and shared an article with false information about Bitcoin (BTC), which stated that the price of BTC fell 56% in a day. The article was most likely compiled by a bot to boost website advertising revenue due to the popularity of Bitcoin.
Famous financial media outlet publishes false article about Bitcoin
While the cryptocurrency industry has always been filled with overreaching predictions and unreliable sources, the article that appeared earlier this week caused all previous clickbait topics to be overshadowed. On February 4, Yahoo Finance and Investing.com - both reputable and reputable financial news sites in the world, published an article claiming that Bitcoin lost more than half its value in one day.
The article - titled "Bitcoin plunged 56% by habit", quickly received the attention of the cryptocurrency community on Twitter and Reddit, which made many people suspicious. However, the articles were only stoned for a short time, as both were quickly deleted from the platform.
With a length of about 300 words, both articles claim that Bitcoin's downward move has pushed its market capitalization to $ 165.9 billion, but cannot add any sources or details. than.
The articles were most likely published by a bot, because one of them was even marked as posting until December 31, 1969.
The deep problem of cryptocurrency communication channels
Although both articles were deleted shortly after publication, the loss was evident. Many argue that this incident has compromised the inherent reputation of Yahoo Finance and Investing.com.
Mike Dudas - CEO of popular cryptocurrency news The Block, shared his doubts on Twitter about the incident:
"Two big, well-known financial media brands share 100% false information with the public."
Mati Greenspan, founder of Quantum Economics and former eToro senior market analyst, criticized the publishing process on Investing.com, saying "anyone who has an opinion" can write the article. communication.
The problem with false and fake news has been rife in the cryptocurrency space since its launch. However, these types of posts - written by bots, can be more destructive than anything created by humans. Because many cryptocurrency trading bots open and close trades based on aggregated news headlines, articles like the new post published by Yahoo Finance can affect hundreds of traders during the day.
So far, there is no evidence to suggest that this bad article affected any transaction, but the incident has shed light on the fact that there is still a long way to go before automated news bots get there. can become a reliable news source.
Maybe you are interested:
Join our channel to stay up to date on the most useful news and knowledge at:
According to CryptoSlate
Translated by ToiYeuBitcoin