Key Takeaways
- Fake news swirls in the crypto space about BlackRock’s supposed acquisition of Voyager Digital.
- VGX token sees an 8% surge amid the rumor.
- BlackRock keeps acquisition details private, raising doubts about the news source.
In the crypto-landscape, while acquisitions and mergers are common, the sight of fake news and the art of spotting them is inevitable, too. In a recent turn of events, BlackRock acquisition of Voyager Digital has been marked as fake news. Apparently, the VGX token has gained 8% in the last 24 hours following the alleged rumor. So, where did this rumor start, and who propagated it? Let’s dig a little deeper.
BlackRock Acquisition Rumor
While the initial source of the acquisition rumor turned out to be the Associated Press, it cannot be denied that social media is the one that circulated it later. As per the published source of the fake news, it was suggested that BlackRock has completed due diligence on Voyager Digital, a crypto platform that has previously filed for bankruptcy. The acquisition, if it was true, would have marked the first foray of BlackRock into the cryptocurrency sector; however, it turns out that the rumor is not true.
Despite BlackRock’s prior interest in crypto asset management and its need to meet compliance conditions for digital asset operations, it is interesting to note that the company has emphasized that the details of the acquisition negotiations have not been publicly disclosed.
Interestingly this is not the first time the platform has been under light. Previously, it was rumoured that BlackRock may be the one behind Bitcoin Accumulation trend. Although, the rumour was not proved, this notion adds to the fuel of the rumor being fake in the first place and also puts a question mark on the sources that should be trusted.
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