Walmart denies tieup with litecoin, fake statement rattles cryptocurrency

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(Reuters) -Walmart Inc said on Monday that a press release announcing a partnership with litecoin, which briefly led to a nearly 30% surge in the cryptocurrency’s price, was fake. The retailer said it was looking into how such an announcement, which was published by press release distributor GlobeNewswire, was issued earlier in the day. “Walmart had no knowledge of the press release issued by GlobeNewswire and there is no truth to it. Walmart has no relationship with litecoin,” a company spokesperson told Reuters. Separately, the Litecoin Foundation tweeted…

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