Litecoin surged 40% after news of a partnership with Walmart
Litecoin rose significantly in price after a fake press release appeared online about Walmart adding the ability to pay with the cryptocurrency.
Litecoin's price rose 40% after a release from Walmart announcing a partnership with the Litecoin Foundation appeared on the cryptocurrency's official Twitter account. This is a text from site CryptoDeFix. The post stated that the retailer would provide the ability to pay for purchases using cryptocurrencies. The value of Litecoin rose to $240 in 15 minutes.
The release was later removed, Walmart representatives said that the press release was a fake. After that, the value of Litecoin dropped to $180. Litecoin Foundation representatives apologized for publishing fake news and will start looking for the culprits.
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Among the top 5 leading cryptocurrencies in the world by market capitalization. It is an alternative cryptocurrency based on the basic principles and software of Bitcoin.
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