Walmart, GlobeNewswire Probe Hoax Tying Retailer to Crypto Deal

According to the release on GlobeNewswire at 9:30 a.m. in New York, Walmart would start letting its customers pay with Litecoin, a relatively obscure instrument that isn’t among the top 10 cryptocurrencies, according to CoinMarketCap.com. The statement was initially covered by Reuters, CNBC and Bloomberg News, fueling a jump of as much as 33% for Litecoin. Within an hour, the retailer denied the statement, erasing most of the gain and sending a shudder through the broader cryptocurrency market. Litecoin also later confirmed the announcement was false. 

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