Walmart is preparing to Create its own Crypto
Walmart is setting foot in the world of crypto and NFTs, filings with the U.S. Patent and Trademark Office reveal. The retail giant is keen to join the metaverse, with documents showing they intend to make and sell virtual goods such as electronics, toys and sporting goods. Walmart’s cryptocur
The IRS sets Sights on NFT Investors
The NFT market has ballooned to $44 billion and now the U.S. government wants its share of the profits. Investors and creators of NFTs face billions of dollars in taxes and rates as high as 37%, according to tax experts. Internal Revenue Service officials who deal with tax evaders say they are geari
Bitcoin-Trading President likely Lost Money for his Country
He’s probably the only head of state who uses public money to trade Bitcoin with his phone. But El Salvador’s President Nayib Bukele has most likely lost money for his country. There is a lot of secrecy surrounding the process. But based on what Bukele has said on Twitter, El Salvador ha
Sika posts Highest ever Annual Sales of US $ 9.98 B
Construction chemicals maker Sika AG reported a 17.3% rise in 2021 sales, boosted by a raft of acquisitions and the upturn in the building industry after pandemic closures the year before. The Swiss company, whose products are used to reinforce and water-proof concrete, said full-year sales rose to
Chinese Police strikes Walmart for Violating Cybersecurity Laws
Chinese authorities strike Walmart for allegedly violating cybersecurity laws, local media reported, the latest trouble for the U.S. retailer that is already a target of accusations in the country for supposedly stopping sales of products from Xinjiang. Police in the southern Chinese city of Shenzhe
Wall Street loves China more than ever
Despite political tensions and Beijing’s regulatory crackdowns last year, banks and money managers desperately want to compete in China. Some U.S. politicians have been calling for companies to back away from China, over concerns about national security and human rights. But JPMorgan, Morga
Japan Warns of Need for Currency Stability as Yen Falls Persist
Japan’s Finance Minister Shunichi Suzuki stressed on Friday the need for currency stability and said he was watching market moves “carefully,” in the wake of the yen’s recent declines against the dollar. Domestic media and some market participants have warned of the potential
China Regulator recovers US $ 47 B in Funds after Audit Review
China’s auditing regulator said officials should “keep their eyes open” when conducting audits, after recovering more than 300 billion yuan ($47.04 billion) in government funds, the state-run Xinhua news agency reported.
Swiss National Bank increases Annual Profit as Stock Markets Boom
The Swiss National Bank expects to make a profit of around 26 billion Swiss francs ($28.22 billion) for 2021, the central bank said in its provisional results on Friday, as booming stock markets throughout the year added billions to the value of its foreign currency investments. The SNB made a profi
Bitcoin slumps to Lowest since September
Bitcoin slumped as much as 5% to its lowest since late September, tumbling under $41,000 amid a broader sell-off for cryptocurrencies. Bitcoin was last down 3.7% after touching $40,938, its lowest since Sept. 29. The world’s biggest cryptocurrency has lost over 40% since hitting a record high