Bitcoin Cash (BCH) “goes on a roller coaster” due to fake information accepted for payment by Kroger

The cryptocurrency victim of the fake information difficulty is Bitcoin Cash (BCH) right after it was announced that BCH has been accepted for payment by retailer Kroger.

On the evening of November five, the crypto neighborhood was agitated by the information that major US retailer Kroger announced it would accept payments in Bitcoin Cash (BCH) beginning this Christmas 2021.

The press release about Kroger accepting BCH payments was posted on the aforementioned retailer’s official web site, more boosting authenticity.

Apparently Kroger’s web site was hacked by displaying a fake press release that it will accept Bitcoin Cash through the vacation season

h / t @TheDominohttps://t.co/rIvjzeTzc6 pic.twitter.com/oR9prm7KvT

– Marc (@marctbblue) November 5, 2021

However, shortly thereafter, Kroger corrected the over facts as false, claiming that their web site had been compromised. Kroger’s publish was also later on eliminated.

BCH’s value has had a “roller coaster ride” due to the over developments. As a end result, this coin went from USD 602 ​​to USD 632 in minutes ahead of the information that Kroger accepted the payment, then dropped to USD 592 right after becoming declined.

This is the third cryptocurrency in current months to fall victim to the fake information pump dump. As reported by Coinlive, in mid-September Litecoin (LTC) acquired fake information that was accepted by the supermarket chain Walmart for payment. Litecoin founder Charlie Lee later on had to publicly apologize to the neighborhood when the project’s official Twitter web page was also duped and re-shared this false facts. Then, in October, XRP also went up and down due to fake information that the Ripple firm had been withdrawn by the SEC, when in truth the opposite was real.

Synthetic Currency 68

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