Crypto News
GameStop Adds Bitcoin as ‘Treasury Reserve Asset’
GME ended the day having lost 0.82%, but has gained 6.3% in after-hours trading after the Bitcoin news was announced.Source link
ECHO Tokenomics: Too Good to Be True or the Future of Crypto Sustainability?
This content is provided by a sponsor. Introduction Echo is a community-driven, closed-loop fintech platform that blends traditional finance with blockchain innovation. Based in the Isle of Man, Echo operates as a fully licensed Virtual Asset Service Provider under the local financial authority, emphasizing security, transparency, and regulatory compliance. The company is dedicated to buildingSource link
GameStop to Add Bitcoin to Balance Sheet
GameStop (GME) has added its name to the quickly-growing roster of publicly-traded companies adopting a bitcoin treasury strategy.Alongside its fourth quarter earnings report, the company said its board unanimously approved adding bitcoin as a treasury reserve asset.CEO Ryan Cohen in early February got tongues wagging when he posted a picture of himself and Strategy (MSTR) Executive Chairman Michael Saylor at Donald Trump's Mar-a-Lago.Several days later, Strive Asset Management CEO Matt Cole sent a letter to Cohen urging GME to use at least part of its more than $5 billion of cash on hand to purchase bitcoin. Co-founded by Vivek Ramaswamy, Strive is an owner of GME through its ETFs."We believe GameStop has an incredible opportunity to transform its financial future...
Has the Bitcoin Market Bottomed? Experts Weigh In
President Donald Trump’s tariffs have made investors jittery. Some analysts think peak uncertainty has passed.Source link
SEC Drops Investigation into Web3 Gaming Firm Immutable
The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into Web3 gaming platform Immutable and will not file enforcement charges, according to a Tuesday announcement from the company.Immutable, an Australian company, disclosed that it had received a Wells notice — essentially an official heads-up from the SEC that it intends to file an enforcement action against the recipient — in November. At the time, the firm speculated that the SEC’s investigation was tied to its listing and private sales of its native IMX token back in 2021.“We are pleased the SEC has concluded its inquiry,” said Robbie Ferguson, Immutable’s co-founder and president, in a statement. “This marks a significant milestone for the cryptoindustry and gaming as we advance...