Fake news release announces crypto partnership

   2021-09-14 11:09

Walmart is denying a press release that said it would start partnering with Litecoin, one of the oldest cryptocurrencies.

“Walmart has no relationship with Litecoin,” the retailer said in a statement on its website, noting the company had been “the subject of a fake news release.”



The release was sent out by GlobeNewswire at 9:30 a.m. EDT but has since been removed. Litecoin had tweeted the press release, which claimed Walmart would start accepting the digital currency starting Oct. 1 but then deleted the tweet.

Several news outlets published reports based on the release before Walmart denied the release. Litecoin briefly soared more than 25% but erased gains after Walmart said it was fake. Litecoin’s stock was last trading down 5%.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,493 0.28 % 1.12 % 9.85 %
Ethereum2,944.2 1.16 % 3.29 % 14.04 %
Tether1.000 0.02 % 0.02 % 0.10 %
Cardano2.110 2.14 % 0.26 % 11.91 %
Binance Coin359.52 1.17 % 1.90 % 13.22 %
XRP0.9409 0.73 % 0.16 % 14.18 %
Solana133.28 1.77 % 4.40 % 15.31 %
USD Coin1.000 0.06 % 0.22 % 0.07 %
Polkadot28.46 2.38 % 2.25 % 24.17 %
Dogecoin0.2110 0.24 % 0.96 % 12.49 %
Avalanche64.35 2.51 % 9.05 % 25.17 %
Binance USD1.000 0.06 % 0.08 % 0.10 %
Terra27.42 2.50 % 1.03 % 22.82 %
Uniswap20.17 0.53 % 4.64 % 21.57 %
Chainlink22.82 1.66 % 3.03 % 25.15 %
Litecoin154.11 0.92 % 3.02 % 15.90 %
Bitcoin Cash523.40 0.54 % 3.37 % 18.28 %
Algorand1.690 1.56 % 0.78 % 17.15 %
--- --- --- ---
Wrapped Bitcoin40,728 1.65 % 5.40 % 9.79 %