Bitcoin Cash Briefly Spikes on Fraudulent Press Release

Bitcoin Cash Briefly Spikes on Fraudulent Press Release
Bitcoin Cash (BCH) saw a sharp but short-lived uptick in its value on Friday after the publication of a fraudulent press release claiming that U.S. supermarket giant Kroger would be accepting the cryptocurrency as payment this holiday season.The crypto rose over 4.6% from $602.63 at around 11.30 UTC to $630.70 less than 15 minutes minutes later following the fraudulent announcement’s publication. BCH subsequently gave back all its gains to fall below the price it had been prior to the announcement. At the time of writing it is priced at $601.74.As per the announcement, which was issued on PRNewswire and appeared…