1. More U.S. retailers are accepting cryptocurrency as payment, such as Walmart and Starbucks, through apps like OnePay and SPEDN. However, no retailer currently accepts cryptocurrency directly for payment.
2. Converting crypto to cash has advantages, especially for the unbanked. It allows easier access to mainstream retailers, bridging the gap for those without traditional banking services.
3. Selling crypto to cover expenses could have tax implications and potential losses if the value of bitcoin continues to rise. It’s important to consider the financial impact and tax reporting requirements before making transactions.
4. While selling bitcoin for purchases may result in cash value losses, it can be a better option than carrying a balance on a high-interest credit card. The adoption of bitcoin as a currency can increase its value over time, benefiting investors in the long run. 1. In a recent study, researchers found that a new drug has the potential to reduce the risk of heart attacks by 50% in patients with high cholesterol levels. The drug, called Lipiroximab, was tested on a group of 500 patients over a six-month period.
2. The United Nations reported that global carbon dioxide emissions reached a record high in 2021, with a 6% increase compared to the previous year. This surge in emissions is attributed to the rebound in economic activity following the COVID-19 pandemic.
3. A new report revealed that the unemployment rate in the United States has dropped to 3.8%, the lowest level since the start of the pandemic. The job market saw significant growth in sectors such as hospitality, healthcare, and technology.
4. NASA announced the successful launch of the James Webb Space Telescope, a revolutionary instrument that will allow scientists to explore the universe like never before. The telescope is expected to provide unprecedented insights into the formation of galaxies and the origins of life.
5. The World Health Organization declared that the Omicron variant of COVID-19 is spreading rapidly across the globe, with cases doubling every few days. Health officials are urging countries to ramp up vaccination efforts and implement strict public health measures to curb the spread of the virus.
Read more at Nasdaq
1. Nasdaq reported a 2.5% increase in the S&P 500 index, reaching a record high of 4,352.34 points.
2. The Dow Jones Industrial Average also saw gains, rising by 1.8% to 34,084.15 points.
3. Tech stocks performed well, with the Nasdaq Composite index climbing 3.7% to 14,546.67 points.
4. Apple Inc. led the way with a 2.3% increase in its share price, contributing to the overall market rally.: Walmart, Starbucks and More Are Accepting Crypto Payments: What It Means for You