Walmart press release hoax causes Litecoin to spike 34%

A fake Walmart press release stating that the retail chain would begin accepting Litecoin caused the cryptocurrency to jump by almost 35% this morning.

Walmart Inc. (WMT) Latest Press Releases & Corporate News

Walmart, Sam’s Club and the Walmart Foundation Increase Commitment to $10 Million to Hurricane Helene Relief Efforts ; Walmart Expands Centers of Excellence Associate Health Benefit to Include Virtually All Cancers ; Walmart Unveils its Holiday Plans with Early Shopping Deals and Affordable Meals ; Sam’s Club Reimagines Workforce Compensation; Launches New Plan Focused on Providing More Predictable Financial Futures for Hourly Associates

Walmart Launches bettergoods, a New Private Brand Making Elevated Culinary Experiences Accessible for All

BENTONVILLE, Ark., April 30, 2024 — As part of Walmart’s mission to make quality, great tasting food accessible for customers, the retailer announced today its latest private brand innovation, bettergoods: a new elevated experience that delivers quality, unique, chef-inspired food at an incredible value. Bettergoods marks Walmart’s largest private brand food launch in 20 years and the fastest food private brand Walmart has brought to market, highlighting the speed with which Walmart can br...

Walmart Statement in Response to Fake Litecoin Press Release

Walmart was the subject of a fake news release issued on Monday, Sept. 13, that falsely stated Walmart announced a partnership with Litecoin (LTC). Walmart had no knowledge of the press release iss...

Fake Release on Walmart, Litecoin Partnership Circulated - Business Insider

A fake news release announcing Walmart would accept litecoin starting October 1 briefly sent the price of the cryptocurrency soaring.

Quarterly Reports - Financials Investor Relations > Financials

3rd Quarter ; 2nd Quarter ; 1st Quarter

Price of Litecoin Spikes on Fake Walmart Press Release - CoinDesk

An earlier version of this article took the alleged Walmart press release at face value. The story has been rewritten to reflect that the document was inauthentic and includes market reaction.

Walmart Brings the Heat With Its Largest Deals Event Ever

TCL 65” Class Q Class 4K QLED HDR Smart TV with Google TV for $398.00 (was $498.00) ; HP Victus 15.6 inch R5 4050 8/512 for $599.00 (was $979.00) ; Dyson V12 Detect Slimm Cordless Vacuum for $449.99 (was $649.99) ; Samsung Galaxy Watch4 Classic 46mm Smart Watch with Bluetooth for $99.00 (was $179.99)

Fake Walmart Announcement Exposes Holes in Press Releases Vetting - Business Ins

GlobeNewswire published a fake Walmart press release, showing huge issues with how press release distributors vet the content they send out.

Walmart says crypto payments announcement is fake. Litecoin tumbles after spike

Cryptocurrency litecoin gave up a 20% gain and fell back to Earth after a fake press release sent out by GlobeNewswire referenced a partnership with Walmart.