It was a dramatic day for litecoin. The price of the cryptocurrency surged 34% to $233 over the course of an hour after a press release said Walmart planned to offer a crypto payments option through a partnership with the Litecoin Foundation.
The news could have been an exciting development for the crypto world, but the press release was a fake. After wire service GlobeNewswire published the release and Reuters, CNBC, Bloomberg and CoinDesk ran articles on the supposed partnership, Walmart issued a statement debunking it. The price of litecoin has since fallen to $182.
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