🚨 The news about BlackRock buying Voyager Digital turned out to be just a fake rumor! But maybe only for now. 🤔
🔍 News of a possible acquisition is circulating in the financial world, saying that BlackRock, one of the world's largest asset management companies, will acquire Voyager Digital, a leading cryptocurrency trading platform. However, this news turned out to be just speculation.
🚫 BlackRock denied the rumors, stating that the press release regarding the acquisition was completely fake.
🕵️♂️ According to Colin Wu, a well-known crypto reporter from China, this rumor may have been designed to inflate the value of Voyager's native cryptocurrency token, VGX, with a tactic known as "pumping". In fact, this false information made its way onto the Associated Press (AP) website, further exacerbating the confusion.
📉 After this fake news, VGX token saw an 8% increase in value within 24 hours. However, the VGX value was then corrected, experiencing a decrease of 2.8%. Despite this, VGX still managed to record a 17.7% gain in a seven-day period and an 18% gain in a two-week period, according to data from CoinGecko.
📈 While acquisition rumors have proven false, BlackRock, with total assets of $9.4 trillion, has shown growing interest in the cryptocurrency sector. The company recently applied to the SEC for a Bitcoin ETF. However, the decision regarding this application was postponed until October 17.
🔔 This incident reminds us of the importance of distinguishing between real and fake news in the world of cryptocurrency. It is important for investors to remain vigilant and make decisions based on reliable sources and thorough research. In a world where information spreads quickly, prudence is essential to protect financial interests.