Tuesday, September 28

Litecoin

crypto, Litecoin, Markets, MI Exclusive, Walmart, Walmart litecoin

Litecoin surges, then plummets after fake press release says Walmart will partner with the coin for payments

Jonathan Newton / The Washington Post via Getty Images Litecoin spiked and then sharply fell Monday morning after a fake press release said that Walmart is partnering with the coin for payments. The cryptocurrency rose as much as 25% before reversing after GlobalNewsWire released a statement about the partnership. Walmart told CNBC the press release is fake. See more stories on Insider's business page. Litecoin spiked and then sharply fell Monday morning after a fake press release said that Walmart is partnering with the coin for payments.In less than an hour on Monday morning, the coin spiked 25% to a peak of $231 and then sharply tumbled to $179.The coin soared immediately after GlobalNewsWire published a press release saying that Walmart has announced a "major partnership wi...