In an odd turn of events, many on social media are raising doubts about the legitimacy of this announcement. The biggest red flag was that while William White is indeed Chief Market Officer of WalMart - the email address links to a site that is not WalMart's. {image} And finally, we note that Litecoin’s verified Twitter account deleted a tweet that linked to a press release announcing a partnership between Litecoin and Walmart. {tweet} The end results is Litecoin tumbling back to earth... {chart} In another indication of the mainstream adoption of cryptocurrencies, giant retailer WalMart has announced a partnership ... (full story)

Cryptocurrency litecoin gave up a 20% gain and tumbled back to earth following a suspicious press release sent out by GlobeNewswire that referenced a partnership with Walmart. A number of media organizations including CNBC sent headlines on the announcement. The announcement references a non-working website in the email of one of the contacts listed. The release said that Walmart, the biggest retailer in the U.S., would accept cryptocurrency for payments from shoppers, utilizing litecoin. It was not immediately clear if the news release was actually authentic. A Walmart spokeswoman wasn’t immediately able to verify ... (full story)