Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Mainstream news network CNBC is under intense scrutiny as evidence emerges its senior staff used connections to plug Bitcoin Cash (BCH).
CNBC On BCASH Rise: âDeal With Itâ
As Bitcoin prices dropped below $17,000, Bitcoin Cash, also known as BCH or BCASH, suddenly shot up in value on US exchange Coinbase, hitting around $9000.
The average price of 1 BCASH coin across major exchanges is now almost $3500, a rise of 45% in 24 hours.
While the events unfolded, CNBC, which had controversially hosted major BCASH proponent and Bitcoin critic Roger Ver on its TV network, began broadcasting tweets of a highly suspicious nature compared to its usual tone.
The tweets, according to cryptocurrency commentator WhalePanda among others, were compiled under the auspices of marketing and partnership manager Gaby Wasensteiner, whose husband, Paul Wasensteiner, is executive director of the so-called âBitcoin Cash Fund.â
The first of the controversial tweets from CNBCâs Fast Money official Twitter account reads:
(Roger Ver) aka Bitcoin Jesus joins us tomorrow to discuss the biggest change to the crypto world since time was invented! Must see TV.. (Bitcoin Cash) is here⊠deal with it!!
Critical responses received answers including âdeal with itâ and threats to unfollow those who did not agree with CNBCâs pro-BCASH perspective.
deal with it
â CNBC's Fast Money (@CNBCFastMoney) December 20, 2017
BCASHâs Wasenstein âTook Overâ CNBC Twitter
So unusual is the style and lack of neutrality of the news networkâs tweets that cries of foul play are currently echoing through the cryptocurrency community.
âCollusionâ between the Wasensteiners and Ver himself is an increasingly conspicuous narrative, with users on Reddit noting Paul Wasensteiner is also the founder of a London BCASH meetup.
WhalePanda meanwhile continued voicing his suspicions, arguing it was, in fact, Paul who orchestrated the CNBC tweets.
âWhat Iâm saying is that her husband is actually tweeting,â he clarified.
No, she's posting pretty much all BCash propaganda. What I'm saying is that her husband is actually tweeting from the @CNBCFastMoney account :) with his extremely aggressive BCash tweets.
â WhalePanda (@WhalePanda) December 20, 2017
The sudden burst of what is known in the cryptocurrency industry as âshillingâ â a concerted yet often covert effort to increase or decrease the reputation of a coin or entity â marks a new turn in rival coinsâ ability to manipulate broader market sentiment.
What do you think about CNBCâs BCASH tweets? Let us know in the comments below!
Images courtesy of Twitter, Shutterstock
The post Evidence Emerges of CNBC Collusion with Roger Ver, BCASH appeared first on Bitcoinist.com.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.