We apologize for the misinformation
First and foremost, we want to express our gratitude for your continued support and trust in our publication over the past decade. Our mission has always been to provide you with the most insightful and impactful news related to the cryptocurrency industry.
Today, however, we need to address an incident that occurred within our social media team. Earlier today, a false message was posted on X without proper editorial approval. The message claimed that the United States Securities and Exchange Commission had approved BlackRock’s iShares spot Bitcoin exchange-traded fund (ETF). This information was inaccurate and originated from an unconfirmed screenshot shared by an X user who claimed it was from the Bloomberg Terminal.
The timeline of events
To provide transparency, let’s take a look at the timeline of events:
13:19:27 UTC: One of our employees reposted the text of the lead shared by a now-deleted Telegram account to an internal Slack channel.
13:24:16 UTC: In an effort to deliver breaking news promptly, another employee posted the report on X without obtaining confirmation of its source’s reliability from the editor. This action violated our social media process, which requires source confirmation and editorial approval prior to posting.
We sincerely apologize for this mistake and any confusion it may have caused. As a responsible news outlet, we understand the importance of accurate reporting, especially in the cryptocurrency space where information spreads rapidly. We are taking immediate steps to address this incident internally and ensure that such errors are not repeated in the future.
A commitment to integrity
At Cointelegraph, we are committed to maintaining the highest standards of journalistic integrity. We value your trust and will continue working tirelessly to bring you reliable and unbiased news.
If you have any questions or concerns, please do not hesitate to reach out to us. We appreciate your understanding and ongoing support.
Hot Take: Ensuring Accuracy in Cryptocurrency News
Maintaining accuracy is crucial in the fast-paced world of cryptocurrency news. The recent incident at Cointelegraph serves as a reminder of the importance of thorough fact-checking and editorial approval before publishing information. While we strive to deliver breaking news promptly, it is essential that we prioritize accuracy over speed.
As readers, it is equally important for you to exercise caution and verify the credibility of sources before accepting any news as factual. The cryptocurrency industry is susceptible to rumors and misinformation, making it vital for individuals to critically evaluate information before making decisions or spreading it further.
At Cointelegraph, we are committed to learning from this incident and implementing measures to prevent similar occurrences in the future. We appreciate your continued support as we work towards providing you with reliable, trustworthy, and accurate news in the cryptocurrency space.
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