GameStop looks toward the launch of the NFT marketplace After a significant loss in the fourth quarter
The Immutable X NFT marketplace transaction is expected to earn the company $150 million in IMX tokens following “achievement of certain milestones,” according to the firm. After sustaining a net loss of $147.5 million in Q4 2021, the much-loved retail video GameStop chain GameStop (GME) is looking forward to its long-awaited NFT marketplace and Web3 gaming unit. […]
Just in: China’s CBDC Architect Requests For More Web3 Development
Yao Qian, a key developer in China’s central bank digital currency (CBDC) project, has asked the Chinese government to boost web3 technology development. Strengthening web3 research, according to Qian in an academic article, is critical for China’s future internet infrastructure. Qian had led the People’s Bank of China’s digital money initiative. He then became the […]
Russia-Ukraine War: Ukraine Government seeks $200 million in Bitcoin and cryptocurrency donations
Ukraine’s Ministry of Digital Transformation announced on Monday the “Aid For Ukraine” initiative, which aims to generate $200 million in Bitcoin and cryptocurrency donations for the Ukrainian government. The cryptocurrency community has already contributed approximately $51 million to aid Ukraine in its struggle against the Russian invasion. The Ukrainian government developed a website, powered by crypto […]
Large Institutions Are Accumulating Bitcoin Amid Correction, According to Data
Almost all of Bitcoin’s trading volumes are made up of transactions worth more than $100,000. A report by blockchain analysis firm IntoTheBlock shows how billion-dollar institutional trade has dominated the token’s liquidity since 2020. Large transactions, or trades worth over $100,000, have regularly accounted for more than 90% of Bitcoin trading volumes since 2020, according to a […]
Bitcoin (BTC) Is Back To $41,000, But Here’s Why Retail Investors Shouldn’t Purchase Yet
Bitcoin (BTC) makes an unexpected surge to the north just a day before the Federal Reserve intends to announce its first rate hike in four years. Bitcoin is now trading 5% up above $41,000 at the time of publication. Bitcoin has now climbed back above $40,000 for the third time in three weeks. Retail investors, however, […]