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At the beginning of 2021, a trend ignited by the creators of the Reddit forum r/wallstreetbets caused the whole world to focus on retail traders in the stock market purchasing so-called dead stocks like AMC, GME, and others. The hype behind the Wallstreetbets group has fizzled in the last few months, but a group that … Read more
If you are in the habit of keeping your eye on the stock market at all, then you will recall the extreme, and sudden, rise in GameStop stock prices in early 2021. On January 7, 2021, GameStop stock was selling at about $18 a share. The long-struggling, brick and mortar gaming store seemed to be … Read more
GameStop has completed a stock offer worth nearly $1.13 billion to fund growth, while a hedge fund that incurred losses from shorting GME is closing down. Go to Source Powered by WPeMatico
Gamestop may be working on its own NFT marketplace, while Rookie of the Year candidate LaMelo Ball is set to drop 500 Dynamic NFTs. Go to Source Powered by WPeMatico
Following the infamous Wallstreetbets story a few months ago, the company Gamestop is doing much better than it did a year ago. Now a new website called nft.gamestop.com indicates that the firm is dipping its feet into blockchain technology via non-fungible tokens built with Ethereum. ‘Power to the Players’ The publicly listed company Gamestop (Nasdaq: … Read more
Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop shares and the crypto asset dogecoin. Powell said that the Federal Reserve aims … Read more
Reddit group r/wallstreetbets will allow a limited amount of crypto discussion, as it seeks to accommodate members in the community without detracting from its stock market focus. Go to Source Powered by WPeMatico
Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding that this asset “can only establish itself if governments allow it to.” Economist Warns of … Read more
A Crypto-funded TV comedy series intends on releasing a full episode as an NFT. Go to Source Powered by WPeMatico
Mad Money host Jim Cramer thinks he has a solution to save troubled video game retailer Gamestop with the help of bitcoin. He suggests that Gamestop should raise money to buy the cryptocurrency, then convert its 5,000 locations into bitcoin stores. He believes his idea will work. Jim Cramer Has Idea to Use Bitcoin to … Read more
