Fake news appeared to give holders of virtual currencies very real agita on Monday, as a hoax news release sent litecoin briefly soaring before crumbling back down to Earth.

Walmart Inc.
said that it was the subject of a “fake news release” early Monday, with Globe Newswire publishing a report, including a falsified comment from the big box retailer’s CEO Doug McMillon, purporting to have established an arrangement with litecoin
that would see the retailer accept the crypto as payment.

Skeptics were quick to point out the oddity of the Bentonville, Ark., retailer announcing an arrangement with a crypto that has largely operated in the shadows of larger cryptocurrencies Ether
which operates on the Ethereum blockchain, and bitcoin
the world’s No. 1 digital asset by market value, according to CoinMarketCap.com.

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Source: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-762E-5DFDC86C228F%7D&siteid=rss&rss=1