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Dogecoin Price Soars After Rumors Of DOGE Futures On CME, But Is It Fake News?

Last night, rumors circulated in the crypto world that the Chicago Mercantile Exchange (CME) is going to launch Dogecoin (DOGE) futures. The following tweet seems to be the instigator of this:

Several sources would have confirmed to The Block that none of this is true. However, the CME exchange itself has not yet responded. The Twitter account was partly responsible for the spread of another rumor last weekend.

Bitcoin (BTC) and the overall crypto market corrected hard over the weekend. It has been speculated that a tweet claiming that the US Treasury Department is going to sue financial institutions for money laundering with crypto was the cause. Moveco.io has enough information. “I think at this point it’s pretty safe to assume that the account was taken over by a third party acting in bad faith. The last three tweets are clearly fake and if it was a hack they would have been deleted by now.”

Fake news

According to researcher Larry Cermak. Despite the fact that it is probably fake news, Dogecoin (DOGE) is again one of the strongest risers today. The DOGE price has risen again by almost 25% last night. https://folm.io/ has enough information. Dogecoin rose by as much as 500% last week, billionaire investor Mike Novogratz doesn’t get it and Cardano (ADA) founder Charles Hoskinson warns of a bubble.

CME is the largest derivatives exchange in the world, first launching ethereum (ETH) futures in February. The Chicago exchange plans to launch micro bitcoin futures in May.

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