Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Walmart, one of the biggest retail chains in the United States, denied the reports that it is now accepting cryptocurrency as payment. It also refuted the claims it has signed a partnership with Litecoin, a peer-to-peer Internet currency.
According to CNBC, Walmart stated the press release that was posted online saying that it will begin accepting litecoin payments is fake. The company’s spokesperson confirmed the release did not originate from them and they are investigating the case.
The report about Walmart and Litecoin tie-up spread after various media outlets published an article about it based on the release that appeared authentic. It was posted on GlobeNewswire which is a known press release service on Monday, Sept. 13. On top of this, it also contains made-up quotes from Doug Millon, the company’s CEO, thus it looked legitimate.
"The momentum and excitement around the use of cryptocurrency are undeniable, and we are poised to make online shopping easy for our customers,” part of the quote that the Walmart CEO supposedly said in the fake press release. “As a leading eCommerce store, we are committed to bringing innovations to the online shopping experience. By integrating Litecoin, we will enable shoppers to experience a very smooth checkout experience with near instant transaction confirmation, and near-zero fees regardless of where in the world they are.”
Reuters was one of those that published a report about Walmart and Litecoin’s alleged partnership but it immediately edited the story and made corrections after the retail giant issued a statement about the false information.
It was said that the bogus press release was also linked to a website that is not operational. Moreover, there was no proof of filing at the Securities and Exchange Commission regarding the team-up between Walmart and Litecoin so there is really no business connection between the two firms.
Meanwhile, the hoax press release led to an increase in Litecoin’s price. It was said to have jumped 20% after the firm was linked to Walmart. Other cryptocurrencies’ prices have also gone up but including Litecoin’s, they quickly fell back to their original levels after corrections were made. At this point, it has yet to be pinpointed who is behind the fake press release.
