That's true. We need to always do our own research and verify the news if it's really true. It's not good to only rely on what you watch or read on the news because there are many fake informations out there to mislead us.
Actually this is not new because even before such fake news are already existing to deceive the investors (especially the newbies). This is some kind of scammer's strategy to lure the people who are lacking of knowledge to invest. Thus, be careful what to believe in, and always take time to verify.
You need to follow the news, because the cryptocurrency market is very sensitive to news, but in addition to this, you also need to understand why this or that news was published, for what purpose. The news can be misleading, or it can be fake, so it's also important to check the news from multiple sources. As always, in addition to just reading the news, you also need to be able to analyze it.