Since the search function did not really provide any valuable results, I wanted to hear your 2 satoshis on that news. Just as a disclaimer...this was circulating on Telegram and the source is unconfirmed.
you can't find anything because it is bullshit that someone made up, possible you yourself.
"This is a message from an insider. I am a member of Chinese whales community. I cannot provide any proofs nor open my identity
this is like THE statement of all FUDs. so far this "insider community" should have over a 100,000 members because in the past 3 years which i am here i have seen the same statement at least from 100,000 users!
I have been informed of major Bitcoin manipulation taking place in order to compromise Bitcoin security and reliability. A group of coordinated Chinese investors have a plan to pump Bitcoin to 10000 USD after which they plan on coordinated crash of Bitcoin to sub 1000 levels because they have already taken their fiat money out and replaced them with margin tether traiding. It will not cost them a dollar. They will push Bitcoin below the demand levels.
there are lots of attacks and manipulations in bitcoin. it has always been and it will always be like this. but their effects become less and less. and one thing FUDsters forget is that you can not go against the market.
For some reason community accepted 20 Billion dollar appearance out of thin air which is the market capitalization of Bitcoin Cash as the natural process. It is not natural. These artificial money are currently used to cash out Chinese investors and pump original Bitcoin to 10000 USD without taking any losses.
Shortly after Bitcoin crash below 1000 USD they plan to introduce Bitcoin Cash as a true Bitcoin and necessary replacament which is not inflated and then reject Tether pairings. This is why Bitcoin Cash price is stabilized at 1000 USD as was price of original Bitcoin in January 2017.
this is complete bullshit.
there was no 20 billion dollar, the idiot FUDster who wrote this doesn't even understand what market cap is. (s)he thinks it is equal to money! $20 billion is market cap of BCH, and unless these imaginary Chinese of his premined BCH and own all the 16.8 million BCH coin they don not own 20 billion. they own equal amount of bitcoin they had before the creation of BCH and had to buy the rest.
also what it says about selling to pump bitcoin, means BCH price should have tanked hard against fiat whereas it has risen quite a lot.