9/13, 3:48 PM (Source: TeleTrader)
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Walmart denies partnership with Litecoin

Walmart retail giant confirmed on Monday that earlier news regarding its alleged partnership with Litecoin cryptocurrency was fake and was fraudulently published on an official press release service.

The initial news announcement referenced a non-working website in the email of the listed media contact, raising suspicions in the community. The false press release claimed that Walmart's eCommerce stores will be accepting Litecoin as a form of payment.

Following the announcement, Litecoin soared nearly 34% before crashing and erasing all gains, trading at 1.67% in the red at 10:33 am ET.

Breaking the News / LH