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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
GameStop, the formerly-irrelevant store known for selling video game related items for MSRP or buying back items at a fraction of the original price, has been in somewhat of a renaissance. Stemming from the Reddit "short sell" defense that pumped GME with loads of money, they decided to get into the crypto game, namely NFT and Web3 gaming. Well now they have a new powerful partner, FTX. FTX is joining forces with GameStop, with the latter becoming the "preferred retail partner in the United States.” This partnership comes on the heels of their quarterly report, which saw a 4% decline in net sales to $1.14 billion.
I have to admit, I thought GameStop would fail with this Web3 endeavor when it was first announced. However, they are still flying (somewhat) high with investors still backing them and their Web3 roadmap. It will be interesting to see if they can become the #1 stop for all Web3 retail shoppers. If so, be prepared to buy some stock as well!
Written by: nikethereum.eth / Medium / Mirror
GameStop, the formerly-irrelevant store known for selling video game related items for MSRP or buying back items at a fraction of the original price, has been in somewhat of a renaissance. Stemming from the Reddit "short sell" defense that pumped GME with loads of money, they decided to get into the crypto game, namely NFT and Web3 gaming. Well now they have a new powerful partner, FTX. FTX is joining forces with GameStop, with the latter becoming the "preferred retail partner in the United States.” This partnership comes on the heels of their quarterly report, which saw a 4% decline in net sales to $1.14 billion.
I have to admit, I thought GameStop would fail with this Web3 endeavor when it was first announced. However, they are still flying (somewhat) high with investors still backing them and their Web3 roadmap. It will be interesting to see if they can become the #1 stop for all Web3 retail shoppers. If so, be prepared to buy some stock as well!
Written by: nikethereum.eth / Medium / Mirror
This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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