Earlier this week, a press release appeared on PR Newswire that said Kroger would accept bitcoin cash, opening the door for cryptocurrency investors to use their dollars at Kroger stores.
- But the press release has since been taken down. You can still visit the link to the release.
- The press release appeared on Kroger’s website, which pulls press releases from PR Newswire, for a brief time, too.
- “This morning a press release was fraudulently issued claiming to be The Kroger Co. that falsely stated the organization will begin to accept Bitcoin Cash. This communication was fraudulent and is unfounded and should be disregarded,” Kroger said in a statement, per The Verge.
Something similar happened to Walmart. A newswire reported that Walmart would start accepting the cryptocurrency Litecoin, but that proved to be false, according to Yahoo! Finance. In response, Litecoin’s value jumped 20%, which allowed investors to sell off at a high rate.