Coindesk & Cointelegraph give Fake News

[countryfree]

This is worrying because investors need good information and 2 leading crypto websites aren't delivering. I guess they don't have any journalists. They receive press releases, they send them to a guy in Asia (they probably found him on Fiverr?) to rewrite it somehow, and they publish it without understanding anything.

This is exactly what they did in the following 2 articles:

https://www.coindesk.com/crypto-traders-who-lost-big-in-poloniex-flash-crash-receive-bitcoin-refunds

https://cointelegraph.com/news/poloniex-will-reimburse-135-million-loss-from-clams-flash-crash

I'm a victim here. I've lost more than one BTC in this 1,800 BTC affair, which I explain in this topic.

Coindesk and Cointelegraph are both saying I will get my money back, but I won't, nor will anyone. It's 100% fake news, and Poloniex knows it very well. That's his plan.

What Poloniex has been announcing is that to all people who have had their money stolen, Poloniex offers all trading fees. That sounds like a nice gesture, except that trading fees for a maker is 0.15% at this exchange. As anyone can imagine, to get 1,800 BTC back from a 0.15% fee, that will take a lot of trading... And actually, no trading will happen. Because, as everybody affected, when I discovered that my coins were gone, I quickly withdrew what was left of it. Hey, when you see that your coins disappear, you don't leave them at an exchange you cannot trust!

So Poloniex won't have anything to pay, and that's what Coindesk and Cointelegraph should have they have said, if they had understood anything about the issue, or if they had any will to give good information to their readers.

[1714045111]

1714045111

[1714045111]

1714045111

[1714045111]

1714045111

[zviadits]

This is not the first time I've met people who lose money due to crypto media publications. It annoys me especially when FUD is published, and I also hate bitcoin predictions. Many people believe this without even suspecting that this is a lie or unverified information.

[countryfree]

Fortunately, I'm not a victim of misinformation myself, but I've created this topic so that people won't become victims. Those 2 articles give a white hat to Poloniex, it certainly doesn't deserve it.

Now, I'm not familiar with Coindesk or Cointelegraph, but I certainly won't become one of their readers, now that I've seen that they're publishing fale news.

[PrimeNumber7]

I would not call this game news. If you are trading using their platform, you will be credited back anything you pay in trading fees towards what you lost. If you are not trading, you would not receive credit for fees you are not paying.

The blog pose also said they are exploring other ways to potentially reimburse lenders for *the lenders’* losses.

There is obviously counterparty risk when margin lending. Otherwise exchanges would use customer deposits to fund these loans.

[countryfree]

I would not call this game news. If you are trading using their platform, you will be credited back anything you pay in trading fees towards what you lost.

You must do the maths here. I would have to make more than 10,000 BTC worth of trades to regain what Poloniex stole from me, so it's not gonna work (and some other guys have lost 40 times more than me). The redactors at Coindesk and Cointelegraph should have seen it if they were professionals.

[gentlemand]

Coindesk are owned by Digital Currency Group. Cointelegraph is supposedly owned by the people behind Bytecoin/Freewallet/Changelly and others.

That means neither are our buddies and they're not going to publish anything that goes against their interests.

I know for me at least this is the first time I'm deeply versed in a subject that's regularly reported by the media so I know most of the stuff they spout is vapid junk and sometimes outright misleading. I hope it's better on other subjects but I'm not holding me breath.

[drumamat]

Coindesk are owned by Digital Currency Group. Cointelegraph is supposedly owned by the people behind Bytecoin/Freewallet/Changelly and others.

That means neither are our buddies and they're not going to publish anything that goes against their interests.

I know for me at least this is the first time I'm deeply versed in a subject that's regularly reported by the media so I know most of the stuff they spout is vapid junk and sometimes outright misleading. I hope it's better on other subjects but I'm not holding me breath.

I do not want to somehow justify these 2 editions,but it seems to me that in addition to them there are also many publications that can lead to human error.The whole Internet is trying to mislead everyone.And nothing strashnogo.Our task is to filter and analyze the content to avoid mistakes.

[pooya87]

all the news sites publish crappy not-researched articles. some of them more than others, these two are among those that publish less crappy articles at least.

as for the case with Poloniex, it seems to me that they are just publishing whatever that Poloniex is publicly claiming, and the article i read on Coindesk is clear about it. whether this exchange owners are lying or not is another matter. in other words the article is not saying you will get your money back, it is saying the exchange has claimed to be giving it back.

[Jating]

If you have been visiting the Press and see that someone posted an article coming from those two sources, you will have an idea that crypto journalism is really one of the worst out there.

That's why when I see news coming from them, I take everything with a grain of salt and would rather do my own research and go to the actual source. If you can't find any source then those articles are paid to create shills around the crypto community. So everyone should not believed everything here because majority of the authors are misleading their readers.

[Kasabus]

News outlet are not so reliable compared to Poloniex itself, medias in general are not transparent, they could publish fake news in return for money.
I think you should just based on the statement directly coming from Poloniex alone if there is, not from the media outlet that you can't trust.

[countryfree]

all the news sites publish crappy not-researched articles. some of them more than others, these two are among those that publish less crappy articles at least.

If you have been visiting the Press and see that someone posted an article coming from those two sources, you will have an idea that crypto journalism is really one of the worst out there.

Yes, this is really frightening. There's no such thing as crypto-journalism. Websites receive press releases from big fishes like Poloniex, and they publish whatever the big guys are saying. I had no idea it was so bad.

There's more:

https://coingeek.com/poloniex-using-trading-fees-to-repay-18-million-in-lost-btc/
https://thenextweb.com/hardfork/2019/08/13/poloniex-bitcoin-margin-trading-cryptocurrency-clam-tokens-fees/
https://bitcoinmagazine.com/articles/poloniex-reimburses-lenders-affected-by-crash

But you don't need to read any of them, as they're all saying exactly the same thing: what Poloniex said.
Somehow, this is showing me that there's a business opportunity there: doing real journalism related to crypto. Because that doesn't exist as of today.

[gentlemand]

Somehow, this is showing me that there's a business opportunity there: doing real journalism related to crypto. Because that doesn't exist as of today.

I remember one site attempting this, I think it might have been called Coinfire, and the geezer running it was doing crazy shit like actual research and questioning the stuff he'd been fed which didn't make him popular. He was moaning about not being able to make it pay and threw in the towel.

Let's face it, most people involved in cryptoland are stupid and greedy. There's little room for interest in intellectual rigour or truth.

Follow people you respect on Twitter. Anything beyond that is likely to be crap no matter what.

[eternalgloom]

Somehow, this is showing me that there's a business opportunity there: doing real journalism related to crypto. Because that doesn't exist as of today.

I remember one site attempting this, I think it might have been called Coinfire, and the geezer running it was doing crazy shit like actual research and questioning the stuff he'd been fed which didn't make him popular. He was moaning about not being able to make it pay and threw in the towel.

Let's face it, most people involved in cryptoland are stupid and greedy. There's little room for interest in intellectual rigour or truth.

Follow people you respect on Twitter. Anything beyond that is likely to be crap no matter what.

That's what you get when pretty much all major publications charge thousands of dollars to publish glorified press-releases, while hiding that they're doing that.
It becomes the norm and then it's strange when you've got other websites that want to take a different approach.

Still, it should be possible to monetize your website without accepting paid op-eds, it's just way more difficult

[gentlemand]

That's what you get when pretty much all major publications charge thousands of dollars to publish glorified press-releases, while hiding that they're doing that.
It becomes the norm and then it's strange when you've got other websites that want to take a different approach.

Still, it should be possible to monetize your website without accepting paid op-eds, it's just way more difficult

Crowd funding proper journalism would be interesting, though I've no idea how you'd do it safely or recruit competent writers.

If there's one thing this space needs more than anything it's informative objectivity. There's money on the line and thousands of pricks who want to con you out of it, including most of the 'news' sites one reads.

[Slow death]

I'm usually a guy who criticizes these bitcoin-related news channels, but today I come to defend them because I don't think they're wrong

https://cointelegraph.com/news/poloniex-will-reimburse-135-million-loss-from-clams-flash-crash

see:

Cryptocurrency exchange Poloniex has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading fees (in BTC) to impacted lenders until their losses are fully recovered.

cointelegraph posted poloniex's announcement: https://medium.com/circle-trader/lending-pool-loss-update-2-trading-fees-are-now-being-credited-to-impacted-lenders-more-actions-dad6840298ef

Of course there are cases where they post news that in some ways are news that it seems they haven't done the proper research

[Mandoy]

I dont think it was coindesk or cointelegraph. These two news websites have nothing to do about the fake news but rather they are honest about their news. They got their info from poloniex team who posted an article on medium ( https://medium.com/circle-trader/lending-pool-loss-update-2-trading-fees-are-now-being-credited-to-impacted-lenders-more-actions-dad6840298ef ) . And so I guess the one who is making the  news isnt coindesk or cointelegraph but rather poloniex itself. Poloniex made a promise to the victims and they post it on medium and even distributed the news to coindesk and cointelegraph.

Also regarding their action on affected lenders, the time frame they set to help is "somewhere later in August". This means that we can say that it is a fake news if Polonies fails to deliver their promise during this month of August. So far it is only August 15 and we still have 16 days to go to wait and see if they will really comply.

[Nadziratel]

Unfortunately, one of the biggest problems in the market is the lack of reliable and significant data flow. There is too much misleading and manipulative information pollution over the internet. When it comes to money, it is normal for everyone to provide misleading information for their own interests.

[slaman29]

Feel really sorry for you my friend, but there you have it, people just publish what they're paid to do. But I think you shouldn't disrespect the business. If it was a PR, it will surely have disclaimers saying it is a PR or paid content. Hopefully some journalist does reach out to affected users like yourself. I think it's quite stupid to waive fees... so you lost 1 BTC, to gain it back you have to make how many BTC in trades? This is ridiculous.

[audaciousbeing]

Fake news is an epidemic that can destroy anything. Even in our socio cultural relationship, fake news can destroy existing relationship and the amount of time the people who make up such stories one begin to wonder why such cannot be devoted into proper reportage. We have seen fake news led to civil wars in many countries. The good news about the art of journalism is that one can sue any news house that allows its platform to be used for such reporting but in crypto, everything goes without anybody to be made responsible.

Even though we are likely not to do anything about it, it should be condemned by every concerned individual in the crypto hemisphere so they know the implication of half baked reporting.

[pawanjain]

This is worrying because investors need good information and 2 leading crypto websites aren't delivering. I guess they don't have any journalists. They receive press releases, they send them to a guy in Asia (they probably found him on Fiverr?) to rewrite it somehow, and they publish it without understanding anything.

This is exactly what they did in the following 2 articles:

https://www.coindesk.com/crypto-traders-who-lost-big-in-poloniex-flash-crash-receive-bitcoin-refunds

https://cointelegraph.com/news/poloniex-will-reimburse-135-million-loss-from-clams-flash-crash

I'm a victim here. I've lost more than one BTC in this 1,800 BTC affair, which I explain in this topic.

Coindesk and Cointelegraph are both saying I will get my money back, but I won't, nor will anyone. It's 100% fake news, and Poloniex knows it very well. That's his plan.

What Poloniex has been announcing is that to all people who have had their money stolen, Poloniex offers all trading fees. That sounds like a nice gesture, except that trading fees for a maker is 0.15% at this exchange. As anyone can imagine, to get 1,800 BTC back from a 0.15% fee, that will take a lot of trading... And actually, no trading will happen. Because, as everybody affected, when I discovered that my coins were gone, I quickly withdrew what was left of it. Hey, when you see that your coins disappear, you don't leave them at an exchange you cannot trust!

So Poloniex won't have anything to pay, and that's what Coindesk and Cointelegraph should have they have said, if they had understood anything about the issue, or if they had any will to give good information to their readers.

Well that must be really sad to lose such a big amount. The scheme that Poloniex have announced definitely sounds like a shit one.
Reimbursing the amount through trading fees sounds like a terrible idea to me. Why would a person invest such a huge amount into the same exchange which was hacked.

The article also said that Poloniex had reimbursed 10% of the lost amount i.e. 180 BTC and distributed it proportionally to the investors.
I wonder if that's true. Did you get the 10% of the lost amount?

[Pearls Before Swine]

Coindesk are owned by Digital Currency Group. Cointelegraph is supposedly owned by the people behind Bytecoin/Freewallet/Changelly and others.

That means neither are our buddies and they're not going to publish anything that goes against their interests.

This is exactly like any other media outlet.  They wouldn't dare to publish anything which would tarnish the reputation of one of their advertisers, partners, or anyone else they would find in their best interest not to offend.  Thus, how can their readers really believe anything they have to say? 

I assume the people who work for Coindesk and Cointelegraph are not true journalists but more akin to bloggers, who aren't bound by journalistic ethics.  I might be incorrect about this, but I strongly suspect it.  This is the internet after all and anyone can write anything they wish, and there aren't going to be many consequences if it's wrong.

Don't listen to what these news sources say, that is what I would urge for anyone.  There might be good sources for crypto news, but damned if I know what they are.

[countryfree]

I'm usually a guy who criticizes these bitcoin-related news channels, but today I come to defend them because I don't think they're wrong

https://cointelegraph.com/news/poloniex-will-reimburse-135-million-loss-from-clams-flash-crash

see:

Cryptocurrency exchange Poloniex has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading fees (in BTC) to impacted lenders until their losses are fully recovered.

cointelegraph posted poloniex's announcement: https://medium.com/circle-trader/lending-pool-loss-update-2-trading-fees-are-now-being-credited-to-impacted-lenders-more-actions-dad6840298ef

Of course there are cases where they post news that in some ways are news that it seems they haven't done the proper research

&

I dont think it was coindesk or cointelegraph. These two news websites have nothing to do about the fake news but rather they are honest about their news. They got their info from poloniex team who posted an article on medium ( https://medium.com/circle-trader/lending-pool-loss-update-2-trading-fees-are-now-being-credited-to-impacted-lenders-more-actions-dad6840298ef ) . And so I guess the one who is making the  news isnt coindesk or cointelegraph but rather poloniex itself. Poloniex made a promise to the victims and they post it on medium and even distributed the news to coindesk and cointelegraph.

Also regarding their action on affected lenders, the time frame they set to help is "somewhere later in August". This means that we can say that it is a fake news if Polonies fails to deliver their promise during this month of August. So far it is only August 15 and we still have 16 days to go to wait and see if they will really comply.

Do the maths! 1,800 BTC have been seized. Poloniex offers the 0.15% fee to the victims. How much BTC worth of trades are needed to cover that amount? Answer: a f*cking huge sum!

And Poloniex actually won't have nothing to pay as everybody who had their money stolen has removed what was left of their funds of that untrustworthy exchange.

[bitbunnny]

No one can't be spared from fake news these days, it's a new epidemia. We can't trust everything we hear or read in media, especially social media. Crypto world is not excluded from that.
Still serious platforms like Coindesk and Cointelegraph should be more careful and check what kind of information are they giving public. They should be aware how much damage fake news could do.

[SirLancelot]

Most media companies are all guilty of this, and some of them are doing this in the name of market is all about speculation, and they juts publish whatever news that they see without strictly verifying it first, it is very important that we personally do not completely rely on one source of news, and we need to be very slow in acting, we should take our time to analyze the news thoroughly and then compare it also before we act on it.

The two companies that you mentioned are still one of the best news provider, the best in the sense that they are still the most popular ones, because are ones that I have seen around too will strictly be doing same if these ones can be doing that too, anyway, just like we do research on ICO, maybe they just want to stress us to start doing so much research on a particular publication first.

[Jating]

Somehow, this is showing me that there's a business opportunity there: doing real journalism related to crypto. Because that doesn't exist as of today.

I remember one site attempting this, I think it might have been called Coinfire, and the geezer running it was doing crazy shit like actual research and questioning the stuff he'd been fed which didn't make him popular. He was moaning about not being able to make it pay and threw in the towel.

Let's face it, most people involved in cryptoland are stupid and greedy. There's little room for interest in intellectual rigour or truth.

Follow people you respect on Twitter. Anything beyond that is likely to be crap no matter what.

Right, when I say source, it could be Twitter or the blog of any services to see what's really the score. Most crypto websites just add something and others follow suit by just spinning the article around for click ad revenue.

Greedy as to the point of ignoring the facts as well at they are making tons of money here, sad but true facts in crypto sphere. And I'm sure they are very satisfied about it, thus continuing even up to this day. And I do hope that beginners will learn not to trust everything.

[countryfree]

The two companies that you mentioned are still one of the best news provider...

Yes, that's what's scary. If those 2 fail to deliver good information, you can't expect much from the others.
I'll keep on reading The economist. I don't always agree with what they're saying, but I know that at the very least, the journalists there, have done some research before writing.

[countryfree]

This is not surprising to some of us because majority of the news portals that are supposed to circulate vital information to cryptocurrencies enthusiasts are now deceiving us with fake news. That seem to be the trend lately so we need to speak against such issues and provide more room for positive news.

Positive news, you may be asking too much. I'd be happy with "true news". Verified information...

[rina aulia]

If the big media about crypto presents fake news, then which news media about crypto should we believe?
I am very disappointed if the biggest crypto-journalist media and trusted by large populations in the world give false news

[acroman08]

it is really not that surprising anymore. most journalist nowadays doesn't care about the truth anymore as long as they can attract attention to the news they gave
even if will negatively affect people who read or follow the news they provide.

[figmentofmyass]

Fortunately, I'm not a victim of misinformation myself, but I've created this topic so that people won't become victims. Those 2 articles give a white hat to Poloniex, it certainly doesn't deserve it.

these headlines are pretty insulting. i scoured the articles for disclaimers about being a paid advertisement and there's nothing---shady to say the least. describing discounts on trading fees as "refunds" or "reimbursements" is blatantly false.

of course, reasonable people won't get a cent back because they won't risk keeping funds at poloniex anymore.

[pixie85]

They really could spend some time and research if this is true or not. How stupid do you really have to be Mr. William Foxley?
In the headline he wrote that receive bitcoin refunds and in the first sentence right below he's saying that poloniex is allowing for no fee trading.

Since when allowing to trade for free is giving bitcoin? It's like telling people a restaurant is giving money away because it allows you to warm up a meal if you bring it from home

[Oilacris]

The two companies that you mentioned are still one of the best news provider...

Yes, that's what's scary. If those 2 fail to deliver good information, you can't expect much from the others.
I'll keep on reading The economist. I don't always agree with what they're saying, but I know that at the very least, the journalists there, have done some research before writing.

You can really differentiate a good and well searched article to a non-searched/no effort ones.If you are keen with journalism matters then you can easily spot out.

About fake news, this haven't been a new issue among these days even on traditional news site on traditional markets do have the same and what do shock me is that these sites are still on top highly being recognized to be a good news source. 

[Twinkledoe]

The two companies that you mentioned are still one of the best news provider...

Yes, that's what's scary. If those 2 fail to deliver good information, you can't expect much from the others.
I'll keep on reading The economist. I don't always agree with what they're saying, but I know that at the very least, the journalists there, have done some research before writing.

You can really differentiate a good and well searched article to a non-searched/no effort ones.If you are keen with journalism matters then you can easily spot out.

About fake news, this haven't been a new issue among these days even on traditional news site on traditional markets do have the same and what do shock me is that these sites are still on top highly being recognized to be a good news source. 

It is the responsibility of the reader to filter the news itself. Even known news websites are not free from fake news. Crypto websites are more on speculations of the writers as they can't get straight facts from the respective entities involved. So I won't expect them to publish accurate data.

[BitHodler]

The two companies that you mentioned are still one of the best news provider, the best in the sense that they are still the most popular ones

It gets even more interesting when you take into consideration that the people behind Coindesk have a significant stake in Coinbase and Grayscale as well, which helps them to push their narrative in an effective manner.

I'm however less surprised about how manipulative crypto news outlets are. I have seen it happen outside the crypto world as well, and there is very little that you can do about it other than to stop reading and sharing their news articles.

I do use Coindesk the most of all crypto news outlets just because the rest sucks harder. I want to stay up to date with everything that's happening here, and from there I can do my own research would I doubt the validity of their claims.

[samcrypto]

This is not the first time I've met people who lose money due to crypto media publications. It annoys me especially when FUD is published, and I also hate bitcoin predictions. Many people believe this without even suspecting that this is a lie or unverified information.

Its normal nowadays because they trust the news so much and they depend on that. Everyone should remember that anyone can give their own prediction so when you believe on that you are putting yourself on a big risk. They give fake news because they are paid to do so, nothing new in this kind of system its pretty old yet many people are still falling and become broke. I personally don't want to follow any news but you have to watch out the market because it can still affect the price movement.

[Vishnu.Reang]

Ever since I got interested in cryptocurrency for the first time in 2017, I have used many of these sites for getting daily information on crypto (including Coindesk and Coin Telegraph). Fake news is a big scourge. It not only whips up unnecessary hype, but it also makes crypto users laughing stock in front of the rest of the world. That said, I would say that Coindesk is far better than the rest of the bunch. Most of their news stories are accurate, and they don't publish fake news to increase their visitor count (unlike the Coin Telegraph, which is very infamous for dishing out fake news).

[timerland]

Pretty stupid, it seems like all the news websites are just spewing out a lot of content, but all of the content is badly made and not factual.

What Gentlemand said is pretty correct, when companies own the news outlets, they are easily able to control what news gets published and what doesn't. If an exchange owns the news, they definitely aren't going to let other exchanges look good.

I've heard and seen a lot of press releases being published without a second thought. Companies nowadays are able to publicize anything on exchanges and it's ruining the whole decentralization aspect of blockchain.

[SuperTA]

If the big media about crypto presents fake news, then which news media about crypto should we believe?
I am very disappointed if the biggest crypto-journalist media and trusted by large populations in the world give false news

We should not trade based on the news, none of these news! The news are a tool for the whales to trick the small investors. You probably heard before about "buy the rumor sell the news"! If you look at their news, when they fud, it's usually at the bottoms or near the bottoms. Whales never sell at the bottom, only a small trader does, they panic sell at the bottoms. Whales buy their cheap coins. When there is a good news they are usually starting to sell. Because whales have a huge amounts of coins and they can't sell everything without causing a dump. So they need some good news when dumb money starts buying. That's when they can sell a huge amounts at the higher prices. That's how it works. 

[maydna]

I guess that we don't have to trust the news before we know or read on another website so we compare the news and we know that the news is real or fake. We know that many of the news is not true, and they only search for popularity from the public without thinking to give the real news to them. That is embarrassing because they could help the bitcoin process adoption so more people can know bitcoin from all countries. But the truth, they don't give the real news, and some of them don't care about that.

We need to be careful to read something on the internet because there so many news that we don't know the truth.

[fiulpro]

Poloneix ?
 
Also seems like cointelegraph is helping it out , that too in a bad way ,... Maybe they are just getting commission for doing so ..or maybe they haven't themselves gotten into this issue.
Most companies just see drama and they wanna post it , but it does affect the lives of the reader that too to a bad extent , instead of competing they should provide solid news , that's how u gain trust .

[Yamifoud]

Unfortunately, one of the biggest problems in the market is the lack of reliable and significant data flow. There is too much misleading and manipulative information pollution over the internet. When it comes to money, it is normal for everyone to provide misleading information for their own interests.

By now, we don't know whos gonna be trusted, even exchange reviews might be paid in order to have an interesting feedbacks to read.
This will be intentionally made just to divert peoples mind and putting its risk. This couldn't only ruin Poloniex but of the entire crypto market.

[AmoreJaz]

If the big media about crypto presents fake news, then which news media about crypto should we believe?
I am very disappointed if the biggest crypto-journalist media and trusted by large populations in the world give false news

We should not trade based on the news, none of these news! The news are a tool for the whales to trick the small investors. You probably heard before about "buy the rumor sell the news"! If you look at their news, when they fud, it's usually at the bottoms or near the bottoms. Whales never sell at the bottom, only a small trader does, they panic sell at the bottoms. Whales buy their cheap coins. When there is a good news they are usually starting to sell. Because whales have a huge amounts of coins and they can't sell everything without causing a dump. So they need some good news when dumb money starts buying. That's when they can sell a huge amounts at the higher prices. That's how it works. 

a trader should know how to get the impulse of the market before giving in to those news. thats right, some news are being manipulated to divert the attention of traders especially small timers.
i always check on coindesk, but it doesnt mean i am a believer of every article they published. up to you how far you want to believe all those crypto news and how it might help you in dealing with crypto.

[lixer]

Really surprised that some of you are still making use of the Poloniex exchange even till now . Well, let’s just say that they can’t afford to pay back the money that was lost and they have decided to pay back by allowing those that were affected to trade without fees. But, it would have been better if they paid back all these people, but since they wouldn’t, those who wants can still make use of the alternative they have offered.

As for cointelegraph and coindesk, that’s one annoying thing I hate about most of these media sites they are fond of carrying news that they are not even sure about, unless they are being paid to broadcast fake news. Another thing is that I don’t even know what they gain from broadcasting fake news like people wouldn’t get to know about it or what? At the end people always finds out. So it doesn’t make any sense spreading news that are fake.

[Bardman]

They are not entirely fake news but yeah I certainly get your point. It seems that most of the top crypto ''news'' sites write the same stories using different words and they definitely clickbait like hell. There was another story recently like 3-4 days ago about Mike Tyson using the blockchain in his new business, Fight for Fame or something like that, well, turns out it was fake and he is not involved at all, he said it himself lol.

[countryfree]

Fortunately, I'm not a victim of misinformation myself, but I've created this topic so that people won't become victims. Those 2 articles give a white hat to Poloniex, it certainly doesn't deserve it.

these headlines are pretty insulting. i scoured the articles for disclaimers about being a paid advertisement and there's nothing---shady to say the least. describing discounts on trading fees as "refunds" or "reimbursements" is blatantly false.

of course, reasonable people won't get a cent back because they won't risk keeping funds at poloniex anymore.

I know very well how they work. It's not paid advertisement, it's just content. Some big company is sending a news release and they publish it without understanding anything it. Actually, I'm sure it doesn't matter to them. They just want to publish news, and the more news they're able to publish, the better, so they need to spend as little time to possible on each news, to quickly move to the next one.

[Liquid_Gas]

Somehow, this is showing me that there's a business opportunity there: doing real journalism related to crypto. Because that doesn't exist as of today.

I remember one site attempting this, I think it might have been called Coinfire, and the geezer running it was doing crazy shit like actual research and questioning the stuff he'd been fed which didn't make him popular. He was moaning about not being able to make it pay and threw in the towel.

Let's face it, most people involved in cryptoland are stupid and greedy. There's little room for interest in intellectual rigour or truth.

Follow people you respect on Twitter. Anything beyond that is likely to be crap no matter what.

Fake news is expected in a place with so much new wealth flying around. If most people involved in cryptoland are stupid and greedy, then we get the news we deserve, right?

[rodel caling]

Both news media are the most popular and updated all about crypto related news but always remember to avoid mistakes investing don't relay in the news speculation just learn well before investing.

The two companies that you mentioned are still one of the best news provider...

Yes, that's what's scary. If those 2 fail to deliver good information, you can't expect much from the others.
I'll keep on reading The economist. I don't always agree with what they're saying, but I know that at the very least, the journalists there, have done some research before writing.

You can really differentiate a good and well searched article to a non-searched/no effort ones.If you are keen with journalism matters then you can easily spot out.

About fake news, this haven't been a new issue among these days even on traditional news site on traditional markets do have the same and what do shock me is that these sites are still on top highly being recognized to be a good news source. 

It is the responsibility of the reader to filter the news itself. Even known news websites are not free from fake news. Crypto websites are more on speculations of the writers as they can't get straight facts from the respective entities involved. So I won't expect them to publish accurate data.

That is correct news is responsible for this, but sometime we need to be carefull because nothing can get perfect ans and as I said need to analyst well the news to avoid blaming.

[dimastegar]

I rarely make news from websites as a trading benchmark because it is too risky for me. Sometimes I don't really understand what content the journalists write on their website. And I am also a person who does not easily believe in a news. I prefer news from social media for every crypto project developer that I invest in.

[countryfree]

Despite this topic and several comments, no website has corrected its article.
I guess they just don't care giving real or fake news. They just provide content to brainless readers.

[LeGaulois]

@countryfree
I doubt any of both will correct their article to give clarification. The article is already forgotten for them.

They publish so many news per hours that they can't have all these supposed journalists. Most articles, especially about news, are published by VA from tier 3 countries (it's different when it's about technical topics). Coindesk and Cointelegraph receive so many emails with free contents, they publish some but don't verify. Free content matters more than the truth sometimes.

Unless, another article is published, with maybe the correction, they won't do anything.

As for what Poloniex did with the free FX fees, I call these trolling users who lost money in.

[countryfree]

@countryfree
I doubt any of both will correct their article to give clarification. The article is already forgotten for them.

They publish so many news per hours that they can't have all these supposed journalists. Most articles, especially about news, are published by VA from tier 3 countries (it's different when it's about technical topics). Coindesk and Cointelegraph receive so many emails with free contents, they publish some but don't verify. Free content matters more than the truth sometimes.

Unless, another article is published, with maybe the correction, they won't do anything.

Yes, I know very well how they work actually. I wasn't expecting anything...
I just wanted to highlight it to those who didn't know.

As for what Poloniex did with the free FX fees, I call these trolling users who lost money in.

Thanks for your support!

[countryfree]

Cointelegraph's getting better:

https://cointelegraph.com/news/poloniex-pledges-to-reimburse-flash-crash-losses-victims-displeased

Maybe they're reading this board, I don't know but at least they have understood that Poloniex's pledge to reimburse its lenders by offering free trades was a joke.

The other media haven't published any other article about the subject, so I want to point that Cointelegraph is better than all the others.

[thesmallgod]

Sorry for your lost. It is very painful to lose such a huge amount of money to thieves. However, I don't think this is something that should surprise anyone that has experience in crypto. Not all news are true some are mere hoax but since it is being carried by top crypto news provider like cointelegraph other copycats news house will also carry it and publish rubbish. All this has both positive and negative influence on trading because it is refers to as signal.

[FIFA worldcup]

If the big media about crypto presents fake news, then which news media about crypto should we believe?
I am very disappointed if the biggest crypto-journalist media and trusted by large populations in the world give false news

We should not trade based on the news, none of these news! The news are a tool for the whales to trick the small investors. You probably heard before about "buy the rumor sell the news"! If you look at their news, when they fud, it's usually at the bottoms or near the bottoms. Whales never sell at the bottom, only a small trader does, they panic sell at the bottoms. Whales buy their cheap coins. When there is a good news they are usually starting to sell. Because whales have a huge amounts of coins and they can't sell everything without causing a dump. So they need some good news when dumb money starts buying. That's when they can sell a huge amounts at the higher prices. That's how it works. 

Also both Coindesk & Cointelegraph publish paid content from the whales and big institutions. They are only concerned with money and they do not hesitant to publish any fake news. Since there reach is to many audience and people trust them, therefore any news fake or real have a big impact on the coins.

[rdluffy]

I follow these 2 web sites regurlaly, I'll be alert to see something suspicious, but in my opinion they didn't do this to affect people, or to their own benefit, it's just a mistake
And the real problem here are not the websites, they are not the guilty about this error

[countryfree]

they are not the guilty about this error

Yes, they are. News magazines are supposed to give verified news, otherwise they're worthless.

[comchien]

Coindesk or Cointelegraph gives us a lot of news, but not all are 100% real, so I don't fully trust them and these two sources, that's why we have to learn more from Other sources, because 1 or 2 sources are not accurate enough and safe, hope you will learn from experience and have said this for people to learn more.

[eaLiTy]

This is worrying because investors need good information and 2 leading crypto websites aren't delivering. I guess they don't have any journalists.

You might see paid news in these publication and you cannot make any judgement because some publication said so, i have seen your issues with Polo and i am not sure how that will end, lately we are seeing old news being resurfacing in many leading crypto website and it is mainly due to lack of new interesting news to attract their audience and they are simply click baiting with these old news.

[Capt00]

This is worrying because investors need good information and 2 leading crypto websites aren't delivering. I guess they don't have any journalists.

You might see paid news in these publication and you cannot make any judgement because some publication said so, i have seen your issues with Polo and i am not sure how that will end, lately we are seeing old news being resurfacing in many leading crypto website and it is mainly due to lack of new interesting news to attract their audience and they are simply click baiting with these old news.

A media trick maybe. We know how it affects the mindset of new investors and hopes it won't make a big deal for them and not a way of giving them doubts. In a particular reason why they resurfacing that old news? To keep them alive and hot to the public, it should not cause it is already dead. We are facing into another side of crypto the same thing that we have to forget the past and open opportunities for the incoming.

[countryfree]

i have seen your issues with Polo and i am not sure how that will end

#MeToo!
If it ends badly for me, my only hope is that it will end badly for Poloniex too.
At the very least, their reputation is now quite terrible among traders, and I'm very happy with that.

[figmentofmyass]

i have seen your issues with Polo and i am not sure how that will end

#MeToo!
If it ends badly for me, my only hope is that it will end badly for Poloniex too.
At the very least, their reputation is now quite terrible among traders, and I'm very happy with that.

sadly, their behavior around the margin default scandal is a sign that they don't see a bright future either. they're in cost-cutting mode, desperately trying to remain profitable. they obviously don't see optics and market share as a priority anymore. they are solidifying their reputation as a lower tier exchange.

i wouldn't be surprised if circle ends up selling poloniex off as dead weight. knowing their timing, they'll probably do it right before the next altcoin bubble too.

[anoufal]

Unfortunately, these two resources are teeming with fake news, so I try not to read them

[Carlton Banks]

I'll keep on reading The economist. I don't always agree with what they're saying, but I know that at the very least, the journalists there, have done some research before writing.

The Economist is majority owned by the multi-billion euro Schroeder financial group (and the corresponding family dynasty that's controlled Schroeders for over a century).

Make of that what you will. The Economist also has various unsavoury minority owners.


Here's what I make of it: The Economist is arguably the best crafted propaganda out there, bar none. And that's because so much of the content is so well researched and well written, especially the parts that are subtly against the interests of it's readers.

[kryptqnick]

This is worrying because investors need good information and 2 leading crypto websites aren't delivering. I guess they don't have any journalists. They receive press releases, they send them to a guy in Asia (they probably found him on Fiverr?) to rewrite it somehow, and they publish it without understanding anything.

This is exactly what they did in the following 2 articles:

https://www.coindesk.com/crypto-traders-who-lost-big-in-poloniex-flash-crash-receive-bitcoin-refunds

https://cointelegraph.com/news/poloniex-will-reimburse-135-million-loss-from-clams-flash-crash

I'm a victim here. I've lost more than one BTC in this 1,800 BTC affair, which I explain in this topic.

Coindesk and Cointelegraph are both saying I will get my money back, but I won't, nor will anyone. It's 100% fake news, and Poloniex knows it very well. That's his plan.

What Poloniex has been announcing is that to all people who have had their money stolen, Poloniex offers all trading fees. That sounds like a nice gesture, except that trading fees for a maker is 0.15% at this exchange. As anyone can imagine, to get 1,800 BTC back from a 0.15% fee, that will take a lot of trading... And actually, no trading will happen. Because, as everybody affected, when I discovered that my coins were gone, I quickly withdrew what was left of it. Hey, when you see that your coins disappear, you don't leave them at an exchange you cannot trust!

So Poloniex won't have anything to pay, and that's what Coindesk and Cointelegraph should have they have said, if they had understood anything about the issue, or if they had any will to give good information to their readers.

I am not sure it counts as fake news, since the articles are not talking about the intentions of the exchange, and these intentions were expressed by Polo, right? I am sorry if you won't receive an adequate compensation for your loss. Unfortunately, Poloniex is not Binance (the latter paid full compensation to users after the recent hack, right?).
You are right about the general problem with news portals. Everyone is biased and dependent on the sources that finance it. So in any case we must be critical about the things we read.

[virasog]

they are not the guilty about this error

Yes, they are. News magazines are supposed to give verified news, otherwise they're worthless.

Many people say that the coindesk and cointelegraph news are not real and most of them are paid news.  Yes they are right but what other options do we have ?
When it comes to the Crypto news, there are not many magazines or news sites which are popular among the people. The most popular ones (coindesk / cointelegraph) are now making money by the paid advertisements and news.

[barbara44]

Unfortunately, these two resources are teeming with fake news, so I try not to read them

If I were you, I would not completely stay away from them , because sometimes, out of every news they carry which we could call rumor, there might be element of truth in it, and I would not want to believe that the only news they carry often more are negative news, I think that they also do carry some news that are real.

So instead of staying away from them, I will basically just verify every news that I hear or see on their site. Most social media are not reliable when it comes to news, because if we are to abstain from fake news, then we will be abstaining from thousands of news media that we have. The most important aspect of any news that we see or hear is just to verify them before we act on them , and not only news but people’s opinion generally.

[countryfree]

Unfortunately, these two resources are teeming with fake news, so I try not to read them

If I were you, I would not completely stay away from them , because sometimes, out of every news they carry which we could call rumor, there might be element of truth in it, and I would not want to believe that the only news they carry often more are negative news, I think that they also do carry some news that are real.

It takes too much time to find out what's real and what's fake...
As I've said before, Cointelegraph is better, they published another article, so if you really have to, read just this one.

[pjcaruci]

It takes too much time to find out what's real and what's fake...
As I've said before, Cointelegraph is better, they published another article, so if you really have to, read just this one.

I agree with you about Cointelegraph. To date, there is simply no time to waste time to find out whether the news is true or false, so you need to have an inner feeling-falsemeter

[lixer]

Unfortunately, these two resources are teeming with fake news, so I try not to read them

If I were you, I would not completely stay away from them , because sometimes, out of every news they carry which we could call rumor, there might be element of truth in it, and I would not want to believe that the only news they carry often more are negative news, I think that they also do carry some news that are real.

It takes too much time to find out what's real and what's fake...
As I've said before, Cointelegraph is better, they published another article, so if you really have to, read just this one.

No one is really perfect After all, even the poster of this article, I am also sure that he would have had some series of news that he has posted too without verifying it, what I just see in people is that they are very lazy, and most of these media platform wants to be the first to carry such news which is why they don’t usually verify the news first and it is wrong, but there are still some news that would have element of truth in it.

I just don’t ignore all the news or would ignore all the news because someone said so, what I would just advise people to do is to try as much as people to published verified news, most especially all those media we rely on, and we also have our own role to play too to verify the authenticity before we believe it or spread same to the world.

[countryfree]

Unfortunately, these two resources are teeming with fake news, so I try not to read them

If I were you, I would not completely stay away from them , because sometimes, out of every news they carry which we could call rumor, there might be element of truth in it, and I would not want to believe that the only news they carry often more are negative news, I think that they also do carry some news that are real.

even the poster of this article, I am also sure that he would have had some series of news that he has posted too without verifying it,

No, I've never done that.
You may check all my previous posts.

[dunfida]

Unfortunately, these two resources are teeming with fake news, so I try not to read them

If I were you, I would not completely stay away from them , because sometimes, out of every news they carry which we could call rumor, there might be element of truth in it, and I would not want to believe that the only news they carry often more are negative news, I think that they also do carry some news that are real.

It takes too much time to find out what's real and what's fake...
As I've said before, Cointelegraph is better, they published another article, so if you really have to, read just this one.

This is actually true no matter how we do believe that these news outlets are like that we cant really totally neglect them yet they are still being used and trusted when it comes to news source of this crypto market.It might have have issues on posting up fake ones but we cant deny the fact that they are somehow usable and a good place to look on when we do seek informations and some updates.As a reader we should really be keen on verifying everything that we do read up.

[Questat]

Unfortunately, these two resources are teeming with fake news, so I try not to read them

If I were you, I would not completely stay away from them , because sometimes, out of every news they carry which we could call rumor, there might be element of truth in it, and I would not want to believe that the only news they carry often more are negative news, I think that they also do carry some news that are real.

It takes too much time to find out what's real and what's fake...
As I've said before, Cointelegraph is better, they published another article, so if you really have to, read just this one.

This is actually true no matter how we do believe that these news outlets are like that we cant really totally neglect them yet they are still being used and trusted when it comes to news source of this crypto market.It might have have issues on posting up fake ones but we cant deny the fact that they are somehow usable and a good place to look on when we do seek informations and some updates.As a reader we should really be keen on verifying everything that we do read up.

Cause nobody expects for such unreliable news, they didn't make this before but things have changed and might because of money matters involve. We don't want to accuse them but what they are doing right now it something could change their reputation and leaving them some doubts about their capability. Either people consider it as an error or it is their intention to make it.

[Dr.Osh]

both of these sites are media, they may only make news based on what they hear, and however, we know that there is enough untrustworthy news without finding out its origin. personally, I also often read, even share price analysis news from there. although not all of it is true, but coindesk and cointelegraph provides information that is quite interesting, and useful.

Well, in this case, if Polonix doesn't do what the news says, I think it's the author's responsibility to write the wrong information.

[stomachgrowls]

Why is this news site publishing fake news? For example, I searched for information about "Cointelegraph" and found a review and information that it is one of the leading independent media resources for cryptocurrency news.
So what's the point of such an independent giant posting fake news?

First, you should be careful on bumping or do necroposting stuff into this forum yet its already a violation.This thread is almost a year inactive and be sure not to do this on next time or
else you would really be on trouble on necrobumping old threads.

Second,The link given doesnt have url inside it thats why it do shows error.

Third, Fake news? Its not that surprising yet these media outlets can give out fake news or even non sense stuff just for them to had some news to publish.This is why when you are a type of person
whom do trust up these media outlets then think twice.

I do not trust those news channels fully. I think they only make news about they got information from their source. Maybe they won't justify that news before publishing it. It's very common on the news channel. But this kind of unexpected news can cause panic to the markets and that can lead into price dump of cryptocurrency. And some people also don't want to justify that news they just act as they heard.

Market is highly reactive to news and this is why we should really be careful and verify things first before you do make such action.

[Kelvinid]

Really disappointing to hear how they've tried to trick readers that thinks that they are reliable to read and have a good source of information. It somehow a lesson for everyone not to rely upon the news published online but ourselves to assess if that is true or not. It is not because we feel comfortable and think it is legit news but sometimes we need to understand it carefully.

It can't deny that there were also committing mistakes and there is some manipulation out there. If this claim is right, how the people will think about the other news that has been published already? They are making themselves unworthy of our trust.

[DoubleEdgeEX]

This is not the first time I've met people who lose money due to crypto media publications. It annoys me especially when FUD is published, and I also hate bitcoin predictions. Many people believe this without even suspecting that this is a lie or unverified information.

I absolutely second that! Especially some Youtube channels post totally crappy FUD and FOMO on coins that are worth nothing but they push it for the sake of getting views and receiving Youtube Ads income. The whole predictions thing is also questionable, I mean we have decades of market data for stocks and forex but just a few years of crypto. It´s impossible to be totally accurate here, it´s just a huge guessing game

[slaman29]

Thanks for clarifying, you should contact those journalists and ask them to write the truth as you said (providing evidence from Poloniex emails or whatever). I don't think we can blame those writers though. They can only report what was said from public knowledge, or they were simply paid to publish those PRs (I'm sure it's this one that happened).

[AakZaki]

some published news has controversy because it is not necessarily true. this is the FUD which they deliberately make to influence the market price according to their desired interests. Many media outlets are managed by elite players for their own sake. do not easily believe the news in the media, correct it first and look for other information. False information or FUD has a negative impact on the market.

[ReiMomo]

some published news has controversy because it is not necessarily true. this is the FUD which they deliberately make to influence the market price according to their desired interests. Many media outlets are managed by elite players for their own sake. do not easily believe the news in the media, correct it first and look for other information. False information or FUD has a negative impact on the market.

That is possible.

This could possibly be one of the reasons if Coindesk & Cointelegraph comes to the point where their post could be skeptical. On the other hand, we have so many talents here in this forum that can study the information before it will be published. And it is very disappointing, because if an investor would like to make some money from a new offer and somebody says should you do some research on Coindesk or Cointelegraph if is good to invest and now it turns that little by a little individual will toss red flags.

Thanks for sharing anyway!