Tag: inflation hedge

GameStop CEO Clarifies Bitcoin Investment as Inflation Hedge, Not a Core Strategy

GameStop CEO Clarifies Bitcoin Investment as Inflation Hedge, Not a Core Strategy

GameStop CEO Ryan Cohen has clarified the company's approach to Bitcoin, stating that its investment is primarily an inflation hedge rather than a long-term strategic asset. This announcement follows weeks of speculation about the company since their recent $2.7 billion stock offering. Investors are salivating at the thought of GameStop...

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GameStop Navigates Crypto Waters With Strategic Bitcoin Investment

GameStop Navigates Crypto Waters With Strategic Bitcoin Investment

Apparently in a bold move, GameStop has invested $500 million in Bitcoin. This decision highlights their consistent proclivity to explore the cryptocurrency market, despite other attempts at crypto wallets and NFT marketplaces. The company continues to keep a close eye on the rapidly evolving crypto landscape. It requires a clear-eyed...

Snoop Dogg's NFT Drop on Telegram Defies Market Downturn

Snoop Dogg's NFT Drop on Telegram Defies Market Downturn

Snoop Dogg collaborated with Telegram’s TON blockchain to drop 996,000 of them, using Telegram’s new “Send a Gift” feature. This decision went against the prevailing bearish wave across the NFT market, but it proved the market demand for celebrity-affiliated digital collectibles. The collection, inspired by Snoop Dogg’s latest single “Gifts,”...

NFT Market Thrives with $122.6 Million Weekly Transactions

NFT Market Thrives with $122.6 Million Weekly Transactions

The NFT craze is on fire right now! Transaction volumes has skyrocketed to $122.6 million with 20.6% growth in weekly transactions. This recent flood is another indication that the NFT market is still growing strong. It’s a magnet for new adopters, helping to expand engagement within the digital asset ecosystem....

Blockchain Gaming Winter? Several Crypto Titles Shutter Amid Market Saturation

Blockchain Gaming Winter? Several Crypto Titles Shutter Amid Market Saturation

The collapse of several popular blockchain games this year has marked the beginning of what could be a rough time ahead for the Web3 gaming industry. Titles such as Raini: The Lords of Light, MetalCore, Blast Royale, Mojo Melee, OpenSeason, Realms of Alurya, The Walking Dead: Empires, and Symbiogenesis have...

Bitcoin Sentiment Mixed Across Major Media Outlets Despite Record Quarter

Bitcoin Sentiment Mixed Across Major Media Outlets Despite Record Quarter

A new analysis looked at 1,116 articles from 18 national and local media outlets. That illustrates the conflicted view of Bitcoin, despite its halcyon record-high quarter. The analysis looked at related stories produced by the news organizations The Independent, Fox News, Fortune, and Barron’s. It determined a positive sentiment of...

Pudgy Penguins Soar to New Heights Amidst NFT Evolution

Pudgy Penguins Soar to New Heights Amidst NFT Evolution

Pudgy Penguins are taking the NFT world by storm! They’re captivating the interest of speculative traders and serious community builders. The collection recently saw an impressive 26% increase in its floor price, currently at 11.8 ETH. This surge, coupled with innovative community-building strategies and branding expansions led by CEO Luca...

Institutions Broaden Crypto Horizons, Eye Ethereum and Solana for Growth

Institutions Broaden Crypto Horizons, Eye Ethereum and Solana for Growth

Institutional investors are already looking beyond Bitcoin, diversifying their cryptocurrency portfolios to include Ethereum and Solana. They offer massive high-growth opportunity and utility-led marketplace driven platforms. Their enterprise-grade scalability makes them attractive options for institutions seeking to scale their digital asset portfolios. Ethereum and Solana’s capacity to meet regulatory expectations...

Top Crypto Exchanges in Australia Offer Diverse Trading Options

Top Crypto Exchanges in Australia Offer Diverse Trading Options

The Australian cryptocurrency ecosystem is flourishing, opening up a variety of platforms and opportunities for both experienced traders and beginners alike. These exchanges provide you with exposure to various digital assets. Each asset has its own unique features, security measures, and fee structures. CoinSpot, Digital Surge, Binance, Kraken, Coinbase, Independent...