Fake news appeared to give holders of virtual currencies very real agita on Monday, as a hoax news release sent litecoin briefly soaring before crumbling back down to Earth.
Walmart Inc. WMT, -0.52% said that it was the subject of a “fake news release” early Monday, with Globe Newswire publishing a report, including a falsified comment from the big box retailer’s CEO Doug McMillon, purporting to have established an arrangement with litecoin LTCUSD, -0.07% that would see the retailer accept the crypto as payment.
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