Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
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.
