You merely can’t belief the information as of late…
Just lately a pretend press launch began circulating on the web which claimed a partnership between Walmart and the cryptocurrency Litecoin. When the pretend information went so far as to state that Walmart will begin accepting Litecoin as an genuine type of fee from its clients, it didn’t take lengthy for the costs of the cryptocurrency to sky-rocket earlier than crashing again down once more.
The information was later debunked by Walmart and confirmed that it was a pretend announcement. Walmart even contacted the press launch distribution service GlobeNewswire to seek out out the wrongdoer behind posting such information and getting away with it. What’s extra hilarious is that the pretend launch additionally included alleged quotes from Doug McMillion, Walmart CEO and Charlie Lee, Litecoin creator. The unique press launch has been taken down however an archived model of it might nonetheless be discovered on-line (the wonders of the web the place nothing is ever actually misplaced) which states that “Walmart would supply their buyers [sic] to make use of Litecoin to learn from the options of cryptocurrency.”
As quickly because the pretend press launch was “launched”, the worth of Litecoin shortly climbed about 20%, earlier than it got here crashing again down after discovering the reality concerning the information. Perhaps somebody was filming a prank video and everybody shopping for Litecoin had been the targets earlier than they lastly realized what was really taking place.
This wouldn’t be the primary time somebody tried to control crypto costs earlier than everybody lastly caught on to what was really taking place. Again in February, Elon Musk posted a cryptic tweet that led to an 11% lower in bitcoin costs in a matter of minutes. On this planet of cryptocurrency, the place each second issues, some false claims can have drastic outcomes.