GameStop shares jump 26% in after hours trade after NFT division unveiled. GameStop Corp.'s (GME) share price spiked around 26% in after-hours...
A week in review: Jan. 2–8 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1. GameStop shares jump 26% in after hours trade after NFT division unveiled | | | GameStop Corp.'s (GME) share price spiked around 26% in after-hours trading on Thursday following a glowing report from The Wall Street Journal concerning the organization's upcoming NFT division. | | | GameStop is rolling out an NFT marketplace later this year under the new division, which reportedly consists of 20 employees. The NFT unit will also be tasked with seeking partnerships in the crypto sector for future NFT game development. | | | The Wall Street Journal quoted the good old "unnamed named sources close to the matter" when reporting on the information, and stated that GameStop is close to securing deals with at least two crypto firms so far. | | | "The author credited 'the people' as the only source I saw. This is anything but journalism," wrote Redditor u/MrFlags69, commenting on the news in the r/Superstonk subreddit. | | #2. Vitalik proposes new 'multidimensional' Ethereum fee structure | | | Ethereum co-founder Vitalik Buterin has laid out a proposal titled the "Multidimensional EIP-1559" in a potential bid to improve the current hefty gas fee structure of the network. | | | Buterin highlighted that different resources in the Ethereum Virtual Machine (EVM) have different gas usage demands, and that there are different limits for short-term "burst" capacity as opposed to "sustained" capacity within the EVM. | | | The highly technical proposal basically boils down to multiple solutions that rely on "multidimensional" pricing, which calculates gas costs differently depending on the demands for certain EVM resources. | | | "The scheme we have today, where all resources are combined together into a single multidimensional resource ('gas'), does a poor job at handling these differences," he said. | | #3. Top Bitcoin mining country Kazakhstan turns off internet amid protests | | | Kazakhstan, which accounts for the second-largest Bitcoin mining hash rate in the world, suffered a nationwide internet blackout earlier this week after soaring fuel prices triggered a wave of violent protests in the city of Almaty. | | | According to reports from local network data provider NetBlocks, Kazakhstan's normalized network connectivity fell to around 2% on Wednesday, which was likely the result of the government limiting "coverage of escalating anti-government protests" relating to surging fuel prices. | | | Local media outlets also reported that the nation's largest telecom company, Kazakhtelecom, shut down nationwide access to the internet. It was also reported that cellular networks were disabled in some cities. | | #4. Prediction of the week: Bitcoin may pass $30K September lows, trader warns | | | After trading sideways earlier in the week, Bitcoin's price took a nosedive on Wednesday, falling to $42,511, according to Cointelegraph's BTC price index. After more sideways trading action, BTC continued its descent on Thursday, tapping $41,000. | | | In a recent tweet, Crypto Ed, a trader active on Twitter, noted the possibility that BTC's price could fall below its September 2021 depths, which sits at $39,668 based on Cointelegraph's index. | | | Aside from BTC technical analysis, other factors that could negatively affect the price include the Bitcoin mining situation in Kazakhstan and the U.S. Federal Reserve's plan to unwind its stimulus program, according to former BitMEX CEO Arthur Hayes. | | #5. FUD of the week: Mozilla backflips on accepting crypto after 'planet incinerating' backlash | | | Within a week of reminding the community that it accepts crypto donations, the Mozilla Foundation announced that it had stopped doing so following an onslaught of negative reactions from the anti-crypto section of its user base. | | | The pushback was due to environmental concerns that some hold over crypto mining, with Mozilla noting that it will only resume crypto donations if the sector aligns with its climate goals in the future. | | | Mozilla co-founder Jamie Zawinski, who is no longer associated with the project, was one of the people leading the charge against the open-source web browser provider, and absolutely slammed Mozilla and anyone working on it. | | | "Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters," Zawinski said. | | #6. FUD of the week. Crypto predictions platform Polymarket fined $1.4M by CFTC | | | Decentralized crypto predictions platform Polymarket reached a settlement with the Commodity Futures Trading Commission (CFTC) to pay a $1.4 million civil monetary penalty over a failure to register with the U.S. enforcement body. | | | Polymarket offers users a chance to bet on the outcomes of event markets via binary options contracts, which the CFTC defined as swaps that fall under its jurisdiction. The firm was given a reduced fine due to its "substantial cooperation" with the CFTC and stated that it was "excited to move forward" now that the issue had been settled. | | | "All derivatives markets must operate within the bounds of the law regardless of the technology used, and particularly including those in the so-called decentralized finance or 'DeFi' space," said CTFC's Acting Director of Enforcement Vincent McGonagle. | | | Feel free to explore the most important news with Hodler's Digest: | | | |
0 Comments
Postingan
