{"id":338899,"date":"2021-09-13T19:28:43","date_gmt":"2021-09-13T16:28:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/litecoin-price-briefly-explodes-after-walmart-partnership-hoax-review-geek\/"},"modified":"2021-09-13T19:28:43","modified_gmt":"2021-09-13T16:28:43","slug":"litecoin-price-briefly-explodes-after-walmart-partnership-hoax-review-geek","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/litecoin-price-briefly-explodes-after-walmart-partnership-hoax-review-geek\/","title":{"rendered":"#Litecoin Price Briefly Explodes After Walmart Partnership Hoax \u2013 Review Geek"},"content":{"rendered":"<p><strong>&#8220;#Litecoin Price Briefly Explodes After Walmart Partnership Hoax \u2013 Review Geek&#8221;<\/strong><\/p>\n<div id=\"article-content-area\">\n<figure style=\"width: 1920px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"type:primaryImage wp-image-97581 size-full\" srcset=\"https:\/\/www.reviewgeek.com\/p\/uploads\/2021\/09\/8e69df03.jpg?width=400 400w, https:\/\/www.reviewgeek.com\/p\/uploads\/2021\/09\/8e69df03.jpg?width=1200 1200w\" sizes=\"auto, 400w, 1200w\" src=\"https:\/\/www.reviewgeek.com\/p\/uploads\/2021\/09\/8e69df03.jpg?width=1200\" alt=\"Litecoin graphs\" width=\"1920\" height=\"1080\" data-credittext=\"Litecoin\" onload=\"pagespeed.lazyLoadImages.loadIfVisibleAndMaybeBeacon(this);\" onerror=\"this.onerror=null;pagespeed.lazyLoadImages.loadIfVisibleAndMaybeBeacon(this);\"\/><figcaption class=\"wp-caption-text\"><span class=\"type:primaryImage imagecredit\">Litecoin<\/span><\/figcaption><\/figure>\n<p>If you\u2019re wondering why the price of the cryptocurrency Litecoin briefly exploded today and saw over 30-percent gains, only to tumble back to normal levels, it\u2019s all thanks to an elaborate hoax.\u00a0A <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2021\/09\/13\/2295879\/0\/en\/Walmart-Announces-Major-Partnership-With-Litecoin-LTC.html\">false press release<\/a> circulated early Monday claiming Walmart was adopting Litecoin.<\/p>\n<p>To be clear. No, Walmart is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LTCFoundation\/status\/1437445529886101512\">not accepting<\/a> Litecoin as a payment method. This was fake <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>. To make matters worse, the press release <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoSniper24\/status\/1437445675600551938\/photo\/1\">got shared<\/a> by the official\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/litecoin\">Litecoin Twitter<\/a> account, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/walmart-accept-litecoin-payments-2021-09-13\/\">Reuters<\/a>, and several other outlets, which caused even more chaos and the price to skyrocket.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Litecoin Foundation has not entered into a partnership with Walmart.<\/p>\n<p>\u2014 Litecoin Foundation (@LTCFoundation) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LTCFoundation\/status\/1437445529886101512?ref_src=twsrc%5Etfw\">September 13, 2021<\/a><\/p>\n<\/blockquote>\n<p>Markets and Litecoin users reacted by sending the price of Litecoin from $175 to $237 in a matter of minutes before it plummeted back to regular pricing. Now, the crypto is currently trading near pre-hoax announcement levels, roughly $177.65 at press time.<\/p>\n<p>The release was never listed on Walmart\u2019s official website and was quickly removed from the GlobeNewswire website.\u00a0It\u2019s unclear at this time who may be responsible for the hoax announcement, but users all over the internet are already calling this a pump-n-dump scheme.<\/p>\n<p>Unfortunately, events like this will only call for further regulation in a segment already under scrutiny.<\/p>\n<p><small>via <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theverge.com\/2021\/9\/13\/22671485\/walmart-crypto-hoax-litecoin-cryptocurrency\">The Verge<\/a><\/small>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><script>\nsetTimeout(function(){\n  !function(f,b,e,v,n,t,s)\n  {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n  n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n  if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n  n.queue=[];t=b.createElement(e);t.async=!0;\n  t.src=v;s=b.getElementsByTagName(e)[0];\n  s.parentNode.insertBefore(t,s)}(window, document,'script',\n  'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n  fbq('init', '1137093656460433');\n  fbq('track', 'PageView');\n  },3000);\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.reviewgeek.com\/97562\/litecoin-price-briefly-explodes-after-walmart-partnership-hoax\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Litecoin Price Briefly Explodes After Walmart Partnership Hoax \u2013 Review Geek&#8221; Litecoin If you\u2019re wondering why the price of the cryptocurrency Litecoin briefly exploded today and saw over 30-percent gains, only to tumble back to normal levels, it\u2019s all thanks to an elaborate hoax.\u00a0A false press release circulated early Monday claiming Walmart was adopting Litecoin&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":338900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.reviewgeek.com\/p\/uploads\/2021\/09\/8e69df03.jpg","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-338899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/338899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=338899"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/338899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/338900"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=338899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=338899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=338899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}