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Fake news pumps Bitcoin SV

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A viral fake news on Binance and Craig Wright has enticed Chinese investors to drop their funds on Bitcoin SV, pushing the price of BSV up by over 55%.

The fake news reads that Craig S. Wright transferred a whopping 50,000 BTC from the biggest Bitcoin Wallet to Binance, dictating that he’s the real Satoshi Nakamato. The viral update added that Craig S. Wright showed through the action that he’s Satoshi.

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As such, Binance CEO, Changpeng Zhao, will as a matter of urgency relist Bitcoin SV and officially apologise on Twitter.

The viral fake news, was translated by crypto enthusiasts:

“CSW transferred 50k BTC from the biggest BTC wallet to Binance, which confirmed he is the real Satoshi. As such CZ will re-list BSV and make an official apology on Twitter”.

The viral news, according to Wan appeared to be purposely innovated by an unknown person, and shared widely by nearly all Chinese cryptocurrency news platforms across the country.

The propagator of the fake news used the picture of Bishijie, a reputable Chinese crypto news media.

While it may be hard to say the fake news contributed to BSV price pump, the snapshot went viral in the country.

Dovey said: “I don’t know how much this contribute to the pump, but this fake news snapshot went viral in many Chinese retail groups around the same time and folks (thought it was real) got super excited.

Binance CEO Responds to the News

Binance’s CZ confirmed the price upsurge was caused by a fake news circulating in Asia.

The crypto entrepreneur said he was pinged 50 times today by people, but clarified it’s 100% fake

“Careful, it’s caused by fake news circulation in China. I got pinged 20 times today, clarifying it is fake.”

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