Time to shine? Crypto should be given a chance after GameStop drama
The GameStop pump may lead a number of amateur investors to finally learn about DeFi and the advantages it puts forth. What happened to GameStop’s stock at the end of January will be remembered by investors for years to come, as it was probably the first time in the history of the “free market” that a group of self-described internet “degenerates” outsmarted a bunch of Wall Street pros at their own game.As a recap, on Jan 27, when the Dow Jones Industrial Average fell sharply by over 2% — in large part due to the United States Federal Reserve announcing its move to maintain interest rates....
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GameStop's stock drama has had a galvanizing effect on stocks, bitcoin and even dogecoin.
GameStop brings forward the prospect of a paradigm shift that challenges existing regulations: decentralization. Though seemingly coming from nowhere for many, the themes behind the Reddit-fueled r/Wallstreetbets pump of GameStop feel familiar. Watching it unfold, I tried to figure out just why it had captured my interest to such a degree, and, to me, it was a spillover into the traditional markets of some pervasive themes driving crypto.Despite some competition in the narrative, I view the motivating force — and by it, I mean the social media-fueled spread of the message that drew enough....
At the end of May, crypto advocates discovered a website created by the video game retailer Gamestop. The web portal disclosed that Gamestop was entering the world of blockchain tech and non-fungible token (NFT) assets. Gamestop’s NFT web portal has recently been updated and is requesting creators to sign up for the platform. Gamestop NFT Website Hints at Upcoming Marketplace Launch Gamestop (Nasdaq: GME) has had an interesting year, to say the least. It all started at the start of the year in January, when the Reddit forum r/wallstreetbets sparked a Gamestop shares trading war....
According to a press release, crypto exchange FTX will partner with GameStop (GME). The partners will cooperate to gain the interest of GameStop clients for cryptocurrencies, and onboard them into the FTX ecosystem. Related Reading: Zero Bitcoin Fees & USDC Delisting: How Binance Is Pushing For Larger Marketshare GameStop is a chain of retail technology […]
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: GME) has seemingly launched a new website dedicated to non-fungible tokens (NFTs). The public isn’t fully aware of what the web portal means because Gamestop has not officially announced the project. However, on April 8,....