Fake news appeared to be giving holders of virtual currencies very real agita on Monday, as a hoax news release sent litecoin briefly soaring before...
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.
iframe.twitter-tweet { width: 100% !important; } Litecoin is the No. 19 most valued crypto in world, but hasn’t drawn a lot of attention recently as a form of digital payment that could be used by major retailers. On Monday, Walmart said that it had “no knowledge of the press release issued by Globe Newswire,” and emphasized that “it has no relationship with Litecoin.”
In addition, the Litcoin Foundation, founded by the creator of litecoin Charlie Lee, issued this statement via Twitter: The moves in crypto came as traditional assets also were under pressure, with the Dow Jones Industrial Average DJIA, +0.65%, the S&P 500 index SPX, +0.12% and the Nasdaq Composite COMP, -0.13% indexes struggling to snap a streak of declines.
“Unfortunately, today’s stunt will deter those skeptical about cryptocurrency and contribute to the narrative surrounding volatility and instability,” Wu wrote. “Thankfully, this will only set us back weeks or months, not years,” the crypto specialist said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon to cover 100% of college tuition for U.S. hourly employeesAmazon is the latest big retailer to offer to cover the full cost of college tuition amid a tightening labor market.
Read more »
2021 MTV VMAs: Best Moments and Biggest PerformancesNormani, Chloe, Foo Fighters, J.Lo, Lil Nas X, Busta Rhymes and more - there were too many epic VMAs moments to count.
Read more »
Better Business Bureau shares tips to avoid employment scamsAs more people look for work in the wake of economic difficulties brought on by the pandemic, it's imperative to avoid falling for a problematic or too good to be true employment offer.
Read more »
The 29-year-old founder of a $1 billion fitnesswear label: We don’t worry about larger brandsGymshark founder Ben Francis says he doesn't view big-name sportswear brands as a threat to his relatively young $1 billion label.
Read more »
Emma Raducanu's shock U.S. Open win was more than a sporting fairy tale18-year-old Emma Raducanu's historic US Open win has highlighted the complicated relationship that Britain has with diversity and immigration.
Read more »
Donald Trump Jr. says father could reveal intel about aliens, Area 51 during boxing fight'Maybe we get a solid answer on what exactly is going on in Area 51 and everywhere else, you're gonna want to listen,' said Trump Jr.
Read more »