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Bitcoin and most altcoins have bounced back slightly this week, with total crypto market capitalization approaching the $3 trillion mark. Bitcoin (BTC) remained stuck above $86,000, while meme coins like Pepe (PEPE), Shiba Inu (SHIB), and Floki (FLOKI) soared by double digits this week. Mark Zandi, one of the top economists in the U.S. and…
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Professional Capital Management founder & CEO Anthony Pompliano joins ‘Varney & Co.’ to break down trends in the Bitcoin market and the Nvidia’s latest announcement on robots. GameStop said it anticipates closing a “significant number” of additional stores this fiscal year and revised its investment policy, paving the way for the video game retailer to…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin may be taking a breather, but behind the scenes, the giants are quietly stacking chips. The latest move? BlackRock, the world’s biggest asset manager, has launched a physically backed spot Bitcoin ETP in Europe called iShares Bitcoin ETP. Yes, the same…
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MicroStrategy (Nasdaq: MSTR), recently rebranded to Strategy, co-founder and executive chair Michael Saylor said that he may burn his own private keys to Bitcoin instead of donating the cryptocurrency before he dies. It would be an “ethically proper, ethically sound form of charity” that would grant “economic immortality,” added Saylor. Saylor made these remarks while…
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GameStop GME shares are up some 15% on Wednesday, March 26 after the gaming merchandise retailer announced plans of using its corporate cash to buy Bitcoin BTCUSD. In its press release, the firm did not set a limit on how much it may invest in the world’s largest cryptocurrency by market cap. The Barchart Brief: Your…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Sentiment is starting to turn bullish once again toward Bitcoin, the largest crypto asset, as investors have gone on a buying spree following its renewed upward move to $88,000. Despite the recent volatility that hindered BTC’s bullish performance, short-term holders have shown…
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GameStop (NYSE:GME) shares surged 16.42% to $29.57 as of 11:27 a.m. ET on Wednesday following a mixed fourth-quarter report and news that the company will invest in Bitcoin (BTC-USD). While Q4 revenue dropped 28.5% year over year, the company posted net income of $131.3 million, up from $63.1 million a year ago. Earnings per share…
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The recent investment of GameStop in Bitcoin has sparked mixed reactions in the world of finance: the angel investor Jason Calacanis described this choice as a fallback action for companies without a sustainable business model. However, several industry experts see the purchase of BTC as an opportunity for diversification of corporate assets and protection against…
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Bitwise Asset Management chief investment officer Matthew Hougan says the firm is “extraordinarily bullish” on Bitcoin BTC/USD as the cryptocurrency gains widespread acceptance from governments, corporations and traditional asset managers. What To Know: Hougan sat down with Benzinga at the Future Proof Citywide event in Miami Beach, FL last week and talked about the importance…
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Key Takeaways GameStop shares popped on Wednesday after the retailer added Bitcoin to its corporate investment policy. The video game seller also posted declining revenue but improving profits amid cost-cutting efforts. Wedbush analysts lifted their price target, but still expect the stock to lose more than half its value. GameStop (GME) shares were up around…