►Save better, spend better: Money tips and advice delivered right to your inbox. The company later admitted it was a joke.Ĭontributing: Nathan Bomey and Jessica Menton, USA TODAY The German automaker had confirmed to outlets including USA TODAY that it was not a joke but a genuine change. to "Voltswagen" in a nod to the company's heightened commitment to electric vehicles, a significant trend in the auto industry after General Motors, Jaguar and Volvo recently revealed plans to phase out gas cars. In 2017, a fabricated news release circulated that claimed McDonald's would submit an unsolicited bid to acquire fast-casual chain Chipotle Mexican Grill.Īhead of April Fools' Day, Volkswagen claimed it was changing its name in the U.S. This isn't the first time fake press releases got attention.
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►Target car seat trade-in event is back: How to get a 20% discount for recycling an old car seat Litecoin Crypto liquidity is ready to eat cross-border payments lunch PayPals new feature allows US consumers to check out using cryptocurrency Bitcoin and. But act fast as they could sell out fast. ►Costco Advent calendars 2021: Raise a glass, wine and beer calendars back at clubs. Litecoin’s stock was last trading down 5%.
Litecoin briefly soared more than 25% but erased gains after Walmart said it was fake.
Several news outlets published reports based on the release before Walmart denied the release. Litecoin had tweeted the press release, which claimed Walmart would start accepting the digital currency starting Oct. Litecoin price is facing resistance near the 180 zone against the US Dollar. The release was sent out by GlobeNewswire at 9:30 a.m. Altcoin News Litecoin (LTC) Price Analysis: Risk of Fresh Decline Below 150. Coinbase allows you to securely buy, store and sell cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and many more on our. "Walmart has no relationship with Litecoin," the retailer said in a statement on its website, noting the company had been "the subject of a fake news release." Walmart is denying a press release that said it would start partnering with Litecoin, one of the oldest cryptocurrencies. Litecoin’s support levels are at 189.74, 180.42, and the strongest at 175.48. The latest (as of 29 November) data from CoinCodex shows 22 technical indicators giving bullish signals and ten pointing to the bearish side. “If the crypto market is on an upwards trend, we notice that many smaller investors actually look towards investing in the smaller coins in hopefully hitting the jackpot.Watch Video: Bitcoin, Ethereum, Dogecoin: What to know before investing in crypto Litecoin price prediction: what’s next for the coin The litecoin (LTC/USD) forecast is positive in the short term. “All of the big altcoins started as small coins," said Don Guo, CEO of Broctagon Fintech Group, in an email to CNN Business. Digital tokens such as VeChain, Terra and Compound have each jumped more than 25% in just the past week. The coin limit market cap is much higher on litecoin than bitcoin. Some of the even smaller cryptocurrencies may rally even further. Litecoin (LTC) is a peer-to-peer cryptocurrency that was set up by Charlie Lee (a. Guy Hirsch, managing director for the US at eToro, a brokerage and trading firm, added that there has been more interest lately for ethereum and XRP as they have gained “more recognition and credibility." “There is probably more upside in ethereum than bitcoin." “There has been more demand from mainstream financial mangers about cryptocurrencies, and the big question is what is the relative value for these altcoins compared to bitcoin," he said.
Nicholas Pelecanos, head of trading at blockchain firm NEM, noted the example of ethereum now trading around $615, more than 50% below its all-time high of above $1,400 from early 2018.
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