Manipulated News is a Dangerous Weapon

The crypto market is relatively new and small, so it is understandably volatile. The heavy reliance on speculation in the crypto landscape only adds up to the volatility. So, it truly isn’t surprising your coin can skyrocket or fall down a cliff in a matter of seconds. But hey, don’t let all of that scare you from participating in crypto! If you educate yourself properly, you too can make the correct approach to the markets and considerably minimize your risks. To help you out, we put together this article to point out the characteristics of manipulated news and their impact on the markets.

Fake News, Real Consequences

Another notable case of news manipulation happened in June 2017. Back then, the story broke that Vitalik Buterin, the inventor of Ethereum, died in a fatal car crash. The market reacted and Vitalik himself had to post a selfie on Twitter to let people know he was fine. But the damage was already done, and many contributors got their fingers burned.

In cases like this, even mainstream media can play its role in spreading misinformation — in the aftermath of this story, Reuters falsely reported that South Korea’s largest exchange, Bithumb, was raided by police. It went even further when the Wall Street Journal published a misleading article about the SEC hearing on cryptocurrencies, where parts of real information were used to create a false story. News like this spread fear, uncertainty, and doubt among contributors, in turn affecting cryptocurrency markets.

Do your own Research

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