Cryptocurrencies
Walmart, GlobeNewswire Probe Fake Statement on Crypto Deal
- False release spurs Litecoin surge before retailer’s denial
- Debacle shows risk in one of hottest corners of the markets
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Walmart Inc. and a press-release distributor are investigating a hoax tying the retailer to a supposed cryptocurrency deal after an announcement, later determined to be false, caused a short-lived surge in Litecoin through a highly unregulated market.