News channels should beware of spreading fake news. This was unprofessional of cointelegraph and this action by them have led to many turmoil in the bitcoin community. So many people believe and rely on their source of news and would have also reacted when they saw the news from them. They should be verifying the source of their news before sharing so as not to lose the trust of many of their readers. There later tweet is a good way to correct their mistake, hope they don’t repeat same in the future as bitcoin price action is in a very critical stage now.
They really should, but after reading their story, I can say, they did not do it on purpose, and it was all just a mistake of the team, which might cost them. Well, this really showed, how much impact these new outlets have on the overall market, and those who used to say that, news are not the ones which have a big impact on the market, they should see now.
Only one piece of news from a reputed new source, scrambled the whole market, no doubt, it was good for the market, but of course not for those who took short positions.
We all sometimes, get into FOMO, for example, I as a content writer can understand the feeling, if things get loosened, they try to put all the blame on the team and say, the news was never authorized by the auditor, but the thing is, this might not be the first time, happening, because whenever a thief got caught stealing, he says this is my first time while it is the first time we got caught him and same happened with Cointelegraph. They got caught.
Overall, We all should not depend on the news from these news outlets, we should follow the main sources. And I am still confused why market is still holding this position, even though the news has been confirmed as fake one!
