September 24, 2021

Biz Journal

Business perfection

Faux Walmart Information Launch Spurs Spike in Little-Used Cryptocurrency Litecoin

The worth of litecoin, a little-used cryptocurrency, spiked in early buying and selling Monday earlier than falling again, after a information launch touting a partnership with big retailer Walmart Inc. turned out to be faux.

Litecoin traded as excessive as $231, up 30%, after the issuance of the discharge by way of GlobeNewswire at 9:30 a.m. ET. The cryptocurrency rapidly fell after Walmart mentioned the information launch was fraudulent.

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