Fake News Posing Serious Threat To Crypto Industry

The ETH crash was just one example of how fake news can cause a landslide in a coin market. A lot of similar cases have happened in the past.

We all know how Ethereum crashed last June, leaving ETH users in utter shock and panic. Do you know how much that price drop wiped off of the coin value? A whopping 4 billion USD. And all this for what? – a stupid hoax. Yes, a hoax, fake news. Rumour had it that ETH co-founder, Vitalik Buterin had expired in some car crash and immediately the Ethereum market plunged down to an exorbitant low. In reality, Mr Buterin was just in the pink of health and thankfully he responded promptly to the fake news with written confirmation.

Fake news affects crypto industry big time

The ETH crash was just one example how a fake news can cause a landslide in a coin market. A lot of similar cases have happened in the past.

The crypto market features a highly volatile scene and the crypto community is influenced largely by the media. In other words, the rise and fall of a crypto coin are largely determined by the information circulating about it by the crypto media. So, if there is negative news around about a coin, chances are high that the coin will suffer a crash immediately. The sad part is, the crypto market is marred with many such fake negative news reports that are simply toying with the future of several crypto coins. Another matter of concern is that, given the advancements in communication technology today, such fake news reports take no time to circulate worldwide, making the hoax a widespread phenomenon.

Put simply, fake news reports spell serious trouble for the crypto market, force down margin calls as well as abet investors to make ruinous decisions.

How The Currency Analaytics can help?

TCA a.k.a. The Currency Analytics is a leading crypto media site launched by crypto veteran Sydney Ifergan. What’s so crucial about the site is that it’s especially launched to relieve the current crypto media of the scores of fake news circulating around. The Currency Analytics is equipped to empower the crypto industry with the most authentic and ethical news reports to help investors and traders take an informed decision.

Fake News Posing Serious Threat To Crypto Industry - Digpu News

The TCAT token

In that light, Mr Ifergan and The Currency Analytics has come up with a new crypto token that will help to beat fake news around and establish a fair and transparent crypto media. Titled ‘TCAT’, the token aims to patronize ethical and professional crypto journalists who will enrich the crypto scene with only the most genuine news reports. It’s to note here, the TCAT token is guided by a unique REAL protocol. The term ‘REAL’ here stands for:

  • Real news only is written by professional and dedicated journalists
  • Ethical news only based on authentic facts
  • Attributive news reports that are verified thoroughly before publishing
  • Lasting news reports that can make some positive and long-term contributions to the crypto community
TCAT developed by XinFin network

TCAT is developed by leading blockchain network XinFin- another major crypto platform where Mr Ifergan sits as a senior advisor.

XinFin stands out as a state-of-the-art ‘hybrid’ blockchain platform dedicated to addressing the glaring deficit in global trade and finance of late. Being a hybrid blockchain, XinFin combines the power of both public and private blockchains with interoperable smart contracts. The platform is geared to introduce a powerful advanced financing mechanism which will team up with the existing financial ecosystem seamlessly to support the advancement of global trade and finance.

The XinFin hybrid blockchain is powered by XinFin’s native utility token XDC. The token serves as a settlement medium for Dapps to be built on the XinFin blockchain. It extends utility to global trade and finance scene by facilitating domestic and international transactions as well as supports various business efficiency use cases in several sectors through both tokenized and non-tokenized solutions.

It’s about time the crypto industry gets alert about fake news reports around and starts voicing for a fair crypto media. For more information visit: https://thecurrencyanalytics.com.

The post Fake News Posing Serious Threat To Crypto Industry appeared first on Digpu News Network.

2,532 thoughts on “Fake News Posing Serious Threat To Crypto Industry

  1. Exciting and fast-paced, Lucky Spin is a must-try game for anyone looking to win big! With its simple mechanics, great rewards, and thrilling gameplay, it’s easy to get hooked. Don’t miss out—try your luck and experience the fun today! Lucky Spin

  2. Always a seamless experience, whether ordering domestically or internationally.
    cheap cipro
    Been relying on them for years, and they never disappoint.

  3. I’m visiting for the first time and have come across so many intriguing topics in the casino, especially in the discussions. The volume of comments on your articles shows I’m not alone in this enjoyment. Keep up the good work!casinoplus ph

  4. Заходите РІ казино, чтобы испытать удачу.: balloon игра – balloon казино играть

  5. Казино всегда предлагает выгодные акции.: balloon казино – balloon игра на деньги

  6. balloon казино официальный сайт balloon казино Автомат Ballon — идеальный СЃРїРѕСЃРѕР± расслабиться.

  7. Казино — РјРёСЂ азартных приключений.: balloon game – balloon игра

  8. Казино предлагает отличные условия для РёРіСЂС‹.: balloon казино демо – balloon игра на деньги

  9. Играйте РІ казино Рё забудьте Рѕ заботах.: balloon игра – balloon игра

  10. balloon казино демо balloon казино Игровые автоматы делают вечер незабываемым.

  11. Игровые автоматы делают вечер незабываемым.: balloon казино играть – balloon казино официальный сайт

  12. Казино предлагает множество игровых автоматов.: balloon game – balloon казино

  13. Играйте РІ казино Рё забудьте Рѕ заботах.: balloon game – balloon казино демо

  14. Ballon — автомат СЃ захватывающим сюжетом.: balloon игра – balloon игра на деньги

  15. balloon game balloon игра Казино всегда предлагает выгодные акции.

  16. https://akhbutina.kz/# Баллон — это автомат для настоящих любителей.

  17. Играйте РІ казино Рё забудьте Рѕ заботах.: balloon казино – balloon казино играть

  18. https://akhbutina.kz/# Играйте в казино, наслаждайтесь каждым моментом.

Leave a Reply

Your email address will not be published. Required fields are marked *