Cryptocurrency has become the buzzword of 2021 as its widespread adoption has its moment in the sun. With nearly $2 trillion locked in over 6,000 currencies, they are here to stay. But the decentralised nature of cryptocurrencies leaves the market susceptible to manipulation and volatility. Take, for example, the announcement of Litecoin’s, a popular cryptocurrency considered to be a fork of Bitcoin, partnership with Walmart on September 13, 2021, on GlobeNewswire. It was a momentous announcement as Walmart is one of the biggest retailers in the world. Major business publications like CNBC and Reuters featured it on their websites lending it credence. Litecoin’s Twitter handle tweeted the information eagerly affirming it as legitimate. Its market price jumped by 20 percent following the news. Many thought that a cryptocurrency had finally been acknowledged by a major retailer and other businesses would soon follow…
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- Apple removes Russia’s largest social media network VK from App Store September 29, 2022
- RIL Drops JioMarket Plans for Now Amidst Delays in India’s E-Commerce Policy September 29, 2022
- Samsung working to get a closer look at your face for facial authentication on smartphones September 29, 2022
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