BlackRock denies acquisition of Voyager Digital, a cryptocurrency trading platform

BlackRock denies acquisition of Voyager Digital, a cryptocurrency trading platform


BlackRock Acquisition Rumors Debunked by Crypto.News

Rumors circulating about BlackRock’s acquisition of Voyager Digital have been confirmed as false by crypto.news. The largest asset management firm categorically denied the alleged buyout through Carolyn Vadino, its managing director of corporate communication.

‘Pumping’ VGX Through False Information

Cryptocurrency reporter Colin Wu suggested that these rumors, disseminated as news, were likely aimed at artificially boosting the value of Voyager’s native token, VGX. This tactic, known as ‘pumping,’ raises concerns about the deceptive practices prevalent in the digital currency industry.

Origin of Misleading Press Release

The misleading press release was traced back to a Chinese social media account with only one follower, further highlighting the dubious nature of the states. The fact that such misinformation was published as paid content on the reputable Associated Press (AP) website underscores the severity of the situation.

READ NOW
The Emergence of Hong Kong as a Leading Hub for Cryptocurrencies

VGX Performance Amidst the Rumors

And once of reporting, VGX had suffered a 2.8% decline in value. Nonetheless, over the course of 7 days, it had still experienced a 17.7% increase and an 18% rise over two weeks, as per CoinGecko data.

BlackRock’s Interest in Crypto

With $9.4 trillion in assets under management, BlackRock has shown a growing interest in digital currency. The firm recently applied for a Bitcoin (BTC) exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). Nonetheless, alongside other applicants like Wisdom Tree, Bitwise, and Ark Invest, the SEC has delayed its decision until October 17.

READ NOW
Cardano’s Value Slips and Nears $0.23 Mark

Hot Take

The dissemination of false information to manipulate digital currency prices is a troubling practice that undermines the integrity and trust in the industry. This incident serves as a reminder of the need for vigilance and critical analysis when evaluating news and rumors in the cryptocurrency space. It likewise outlines the importance of credible sources and verifying information before making investment decisions.

READ NOW
BitBoy’s Arrest, Ripple War with SEC, and Vitalik’s ETH Sale
Author – Contributor at | Website

Noah Rypton stands as an enigmatic fusion of crypto analyst, relentless researcher, and editorial virtuoso, illuminating the uncharted corridors of cryptocurrency. His odyssey through the crypto realms reveals intricate tapestries of digital assets, resonating harmoniously with seekers of all stripes. Noah’s ability to unfurl the labyrinthine nuances of crypto intricacies is elegantly interwoven with his editorial finesse, transmuting complexity into an engaging symphony of comprehension.

READ NOW
Ripple CEO Inspires Crowd at NYC’s ‘The Proper Party’: Celebrating Triumph Over Bullying
Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.




Follow us

Latest Crypto News

Share via
Share via
Send this to a friend