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“# French retail giant will launch Tezos-based stablecoin ” Groupe Casino, a 120-year-old retail company headquartered in France, will reportedly be launching a stablecoin pegged to the Euro. According to journalist Grégory Raymond, the French retail giant will be launching the stablecoin to use in its stores’ loyalty programs as well as for trading. Groupe…
“# Retail traders buying more Bitcoin than institutions: JPMorgan ” According to research by strategists at leading U.S investment bank, JPMorgan Chase, retail traders are flocking to buy Bitcoin from mainstream fintech firms. JPMorgan’s data suggests that retail investors have purchased more than 187,000 Bitcoin this quarter using PayPal and Square. Retail investors are even…
“#Ulta shares swooning on news of CEO departure” Ulta Beauty’s stock got a black eye from Wall Street after the company said its well-liked chief executive is stepping down. Shares of the make-up giant fell more than 10 percent on Friday after the company said Thursday that CEO Mary Dillon will be succeeded by the…
“# Chinese banks pilot digital yuan at Shanghai department stores ” Shanghai’s New World City and New World Daimaru Department Store, and food caterer Taikang Food Store handled thousands of digital yuan transactions over the past weekend, Shanghai Daily reports. As part of the trial, the retailers featured digital yuan payments as part of a…
“#GameStop stock extends win streak into sixth day” GameStop shares tried to hang onto a sixth straight day of gains Wednesday as the mother of all meme stocks took investors on yet another wild ride. The video-game retailer’s stock price exploded as much as 41 percent to $348.50, a level not seen since the unprecedented retail trading…
“# Major Swiss retailers set to debut Bitcoin gift cards ” Switzerland’s crypto boom has entered another dimension with retailers rolling out Bitcoin (BTC) vouchers and gift cards. According to Swiss daily Tages-Anzeiger, Manor — the country’s largest department store chain — is already selling Bitcoin voucher cards in 59 of its branches. Meanwhile, the…
“#Nike exec departs after ties to son’s sneaker business revealed” A top Nike executive has stepped down after she was linked to her son’s lucrative sneaker-flipping business. Ann Hebert, the sportswear giant’s vice president and general manager for North America, left her job Monday after more than 25 years at Nike, the company said in…
“# Chicken and greens: $97B retail firm uses IBM blockchain to track food supply ” IBM’s food-tracking blockchain technology will be used by the Carrefour multinational retail firm to track food supply lines from the farm to the store. An agreement between Majid Al Futtaim — the firm that operates Carrefour in the Middle East…
“# Jim Cramer thinks GameStop should convert its stores into crypto info centers ” With GameStop’s stock more than doubling in price over the last two days, CNBC’s Jim Cramer is proposing the brick-and-mortar company change its business model to be more inclusive of cryptocurrencies. Speaking on CNBC’s Squawk Box today, the Mad Money host…
“#Here’s what NYC needs to do to start its economic comeback” The ghost-storefront blight represents an existential threat to New York City’s future. Left unaddressed, it will crush the Big Apple’s normally indomitable spirit. Who wants to live or work where blocks of empty storefronts shout “failure” and provide sidewalk loitering grounds for drug dealers…