fake news

4E: "Tariff Delay" Fake News Triggers Wild Fluctuations in US Stocks, Nasdaq Closes Higher, Crypto Market Bounces Back

ChainCatcher news reports that according to 4E monitoring, U.S. stocks opened sharply lower on Monday. During the day, influenced by false news about "tariff delays," the indices fluctuated widely, with the Nasdaq experiencing a maximum amplitude of nearly 10%. U.S. stocks briefly turned positive, but fell again after the news was debunked. Before the market closed, Trump stated that he was not considering suspending the tariff increases and mentioned that multiple countries were coming to negotiate with the U.S. By the close, the three major indices showed mixed results: the Dow fell by 0.91%; the S&P 500 dropped by 0.23%; the Nasdaq narrowly rose by 0.10%, ending a two-day decline. The index of the seven major U.S. tech stocks rose by about 0.2%.The cryptocurrency market rebounded, with Bitcoin leading the decline in the Asian session yesterday, hitting a low of $74,508. In the evening, rumors of a "90-day tariff delay" drove BTC to rapidly break through $81,000, but it fell back after the news was debunked. As of the deadline, Bitcoin was fluctuating above $80,000, up 2.8% in 24 hours, while other altcoins generally saw significant rebounds. In the midst of the market's violent fluctuations, ETH performed particularly weakly, dropping to $1,411 yesterday, leading in decline and hitting a one-year low in market capitalization share. In the current rebound, its increase is also significantly lagging, deepening market concerns about its long-term competitiveness.In the forex and commodities sector, the U.S. dollar index rose by 0.29%, while recession expectations pushed crude oil to a three-day decline, dropping over 2% and hitting a new low in more than three years. Spot gold fell by 1.76%, showing a trend of rising and then falling throughout the day, mostly in a downward state.Trump's tariff policy has triggered a global chain reaction of countermeasures, causing turmoil in the financial markets. Investors are hoping that the Federal Reserve can step in to stabilize the market, but with current inflation pressures being significant, the likelihood of the Fed intervening urgently in the short term is low unless the market or economy falls into a severe crisis.

Canadian regulators: Beware of cryptocurrency scams that attract victims through fake news articles and exploit trade war panic

ChainCatcher news, according to Cointelegraph, securities regulators in Alberta and New Brunswick, Canada, have warned that crypto scammers are exploiting trade war panic by using fake news articles and images of government figures to profit.The Alberta Securities Commission stated in a warning on March 7 that a crypto investment scam named "CanCap" has been impersonating news articles from the Canadian Broadcasting Corporation (CBC) and falsely claiming endorsement from then-Prime Minister Justin Trudeau. The regulator said, "The false articles claim that the Prime Minister is responding to U.S. tariffs and supports an investment plan involving digital currency."The New Brunswick Financial and Consumer Services Commission also warned on March 5 that CanCap used fake news articles claiming that New Brunswick Premier Susan Holt supports the platform, including fabricated interview records with Holt and altered photos with CBC.Regulators noted that scammers are increasingly exploiting current events to prey on the fears of potential victims and are using artificial intelligence to forge endorsements and generate content to make the scams appear legitimate.They added that scammers can quickly change the names and appearances of their schemes, having already used names like "CanCentra" and "Immediate Flectinium," linking them to at least six other different domain websites.
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