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.
WMT,
-0.61%
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
LTCUSD,
+2.19%
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
ETHUSD,
-1.93%,
which operates on the Ethereum blockchain, and bitcoin
BTCUSD,
-0.61%,
the world’s No. 1 digital asset by market value, according to CoinMarketCap.com.

Click to continue reading on its source location…

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