Yearly Archives: 2021

Litecoin jolted by Walmart hoax, exposing ‘extremely adversarial environment’ of crypto

Crypto investors got a fresh injection of volatility on Monday, after Litecoin (LTC-USD) spiked — then quickly tanked — after news of a partnership with Walmart (WMT) was exposed as a hoax. Litecoin rallied as high at 25% in under half an hour, after a fake announcement circulated early Monday that stated the U.S. retail giant would allow customers to pay in the digital currency. It spurred LTC up from $174 to a session high of $232 — before it came back to earth once Walmart knocked… Source link

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Fake press release announced litecoin partnership

Walmart is denying a press release that said it would start partnering with Litecoin, one of the oldest cryptocurrencies. The retailer did not immediately respond to USA TODAY’s request for comment but a spokesperson confirmed to CNBC that the release was not authentic.  The release was sent out by GlobeNewswire at 9:30 a.m. ET but has since been removed. Litecoin tweeted the press release, which claimed Walmart would start accepting the digital currency starting Oct. 1 but then deleted the… Source link

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MicroStrategy buys more than 5,000 bitcoins in 3 weeks while it sells its own stock

Enterprise software company MicroStrategy Inc. keeps swapping out its shares for more bitcoin. The company, which has previously said it uses bitcoin as a primary Treasury reserve asset, disclosed Monday that it bought 8,957 bitcoins for $419.9 million in cash, including fees and expenses, between July 1 and Sept. 12. The average price paid for the bitcoin was $46,875, the company said. Last month, the company had disclosed that between July 1 and Aug…. Source link

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No, Walmart Is Not Adopting Litecoin

Photo: Jack Taylor (Getty Images) The market price of cryptocurrency token Litecoin shot up by as much as 35 percent and then fell back down on Monday after a fake press release published by GlobeNewsWire claimed that the company was partnering with Walmart, CNBC reports. The hoax announcement, which claimed that the mega-retail chain would soon begin accepting Litecoin payments from customers, even included fake quotes from Walmart’s CEO. It was picked up by multiple news outlets,… Source link

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Press release on Walmart's litecoin partnership is fake – CNBC – KFGO News

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Ethereum price ready for 5% correction before buy-the-dip playbook

Ethereum price is in a consolidation phase around $3,267. Expect a break lower first in the breakout. Support comes in for Ethereum around $3,018. Ethereum (ETH) is in a consolidation phase, with the symmetrical triangle being formed since September 7. Price action is getting squeezed in from both sides with lower highs and higher lows. With two tests on the upside of the symmetrical triangle, this acts as an element a little more in favor of the sellers and a… Source link

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Breaking: Updated: Doubts surface about the Walmart-Litecoin partnership, cryptos tumble – FXStreet

Walmart has announced a partnership with Litecoin that would enable customers at the giant retailer to pay with LTC. Walmart’s press release sent Litecoin surging and other cryptocurrencies are benefiting as well.  Updated 14:05 GMT: Litecoin has NOT celebrated its partnership with Walmart, a sign that the news may have been mistaken. Cryptocurrencies are falling across the board, with Bitcoin tumbling back to the $44,500 level.  Earlier reporting:  Bitcoin has leaped by over $2,000 from… Source link

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‘Shark Tank’ star Kevin O’Leary slams ethereum’s speed, touts a trillion-dollar opportunity in bitcoin, and calls for US regulation in a new interview. Here are the 8 best quotes. | Currency News | Financial and Business News

Kevin O’Leary. Andrew Burton/Getty Images Kevin O’Leary said ethereum’s network speed is too slow, and called for US crypto regulation in a CNBC interview. Bitcoin could see inflows worth a trillion dollars if regulators class crypto as an asset and approve an ETF, he said. O’Leary said people don’t want to be “cowboys” and fall foul of regulators by investing in crypto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. “Shark Tank” investor Kevin O’Leary… Source link

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Walmart Announces Major Partnership With Litecoin (LTC)

BENTONVILLE, Ark., Sept. 13, 2021 (GLOBE NEWSWIRE) — Walmart Inc. (NYSE: WMT), the No. 1 U.S. retailer and world’s largest grocer, is pleased to announce a major partnership with Litecoin. The eCommerce giant intends to give its millions of shoppers across the world an opportunity to seamlessly make payments with cryptocurrencies. “The momentum and excitement around the use of cryptocurrency are undeniable, and we are poised to make online shopping easy for our customers. As a leading… Source link

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