Bitcoin Cash (BCH) experienced a short-lived rise following a fake news that US supermarket giant Kroger will accept cryptoassets as a payment method.
In the announcement published on PRNewswire and also on Kroger’s website, it was stated that the chain will accept BCH for all in-store and online purchases from December 1st. After the news, Bitcoin Cash rose sharply, from $ 602 where it was traded to $ 630. The rise was short-lived, however, as a company spokesperson denied the announcement. The spokesperson confirmed to CoinDesk that the news was false and said they will provide more information in the future. In addition, the statement was removed from the company’s website.
The event is similar to the Litecoin event that took place last September. In the past months, news that Walmart will accept Litecoin spread through PRNewswire and Litecoin’s official Twitter account, causing a huge rise in Litecoin. Later, a Walmart spokesperson denied the incident, and Litecoin founder Charlie Lee stated that the employee who shared the news was not aware of the incident and that they would use their social media more carefully. With the incident, reactions to Litecoin in the crypto community grew like an avalanche.
BCH is trading at $ 604 at the time of broadcast.