Litecoin
CNBC’s Dom Chu reports on a press release this morning that appeared to say Walmart would begin accepting litecoin as payment for goods and services. Turns out the press release…
Cryptocurrency Litecoin (CRYPTO: LTC) soared in price Monday on a press release that mentions acceptance of the coin at a major U.S. retailer, then cratered once a Walmart spokesperson said…
The fake news release caused the price of litecoin to spike almost 30% on Monday morning before returning to previous levels.
The news caused the price of litecoin to spike almost 30% on Monday morning.
Investors had plenty of reason to believe the news was true: A verified litecoin Twitter account tweeted out a link to the announcement, which had appeared on the press release…
A press release on Walmart Inc’s partnership with cryptocurrency litecoin was not authentic, a company spokesperson confirmed to CNBC on Monday.
Litecoin has erased its gains after the Walmart press release ended up being fake
The news caused the price of litecoin to spike almost 30% on Monday morning.
Walmart, the biggest retailer in the U.S., will accept cryptocurrency for payments from shoppers, the company announced in a press release on Monday.
Walmart Inc said on Monday it has partnered with litecoin to allow its customers to make payments with cryptocurrencies.
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