GameStop CEO Ryan Cohen has teased that the video game retailer could start accepting crypto for trading card purchases and said the company’s Bitcoin buys aren’t copying MicroStrategy. Cohen told CNBC’s Squawk Box on Tuesday that GameStop shifted tactics to reduce reliance on hardware in the face of rising costs and focus more on trading…
GameStop CEO Ryan Cohen has teased that the video game retailer could start accepting crypto for trading card purchases and said the company’s Bitcoin buys aren’t copying MicroStrategy. Cohen told CNBC’s Squawk Box on Tuesday that GameStop shifted tactics to reduce reliance on hardware in the face of rising costs and focus more on trading…
Key takeaways With no personal income or capital gains tax and recent VAT exemptions on crypto transactions, the UAE provides an unmatched financial incentive for crypto investors. Dubai’s VARA and Abu Dhabi’s FSRA lead with retail and institutional frameworks, while RAK, Sharjah and others are developing tailored zones and policies for Web3 innovation. Free zones…
Key takeaways: XRP (XRP) price is down by 7.6% on Tuesday to an intraday low of $2.80 from a five-month high above $3 on Monday. Analysts say the key resistance level at $3 must be broken to clear the path to new all-time highs. XRP price must flip $3 into support XRP’s 33% rally between…
The US House is set to try to move forward three crypto bills again on Wednesday after canning a re-vote on Tuesday as multiple Republican lawmakers pulled support, wanting to add a ban on central bank digital currencies (CBDCs). Republican House Speaker Mike Johnson said he hopes to try to pass a procedural vote for…
Key point: Bitcoin (BTC) pulled back after hitting a new all-time high of $123,218 on Monday, indicating profit-booking at higher levels. The correction seems to be technical in nature, as the underlying demand remains strong. Bitcoin treasury companies purchased 159,107 BTC in Q2, according to BitcoinTreasuries.NET. The retail investors were not to be left behind….
Vanguard, one of the world’s largest investment management firms, is now the biggest institutional shareholder of Strategy (MSTR) — Michael Saylor’s company best known for adopting Bitcoin as its primary treasury reserve asset. According to data from investment research platform Intel, Vanguard has accumulated more than 20 million shares of MSTR, representing about 8% of…
Key takeaways: Ether is outperforming Bitcoin this week, with the altcoin reclaiming $3,000. The ETH/BTC pair broke above its 200-day moving average, with the RSI breaking a three-year downtrend, hinting at a structural shift. Fractal analysis suggests ETH could surge to $18,205, with the near-term target at $4,000. After reclaiming the $3,000 level for the…
Key point: Ether (ETH) is witnessing selling above the $3,000 level, but a positive sign is that the bulls have not given up much ground. That suggests the investors are backing it for more upside. Farside Investors’ data shows more than $1 billion in inflows into Ether exchange-traded funds since Wednesday. Apart from ETF investors,…
The Core Foundation, the organization behind the Core blockchain, is launching a new revenue-sharing mechanism for the Web3 industry intended to shake up how stablecoin issuers and developers raise funds. Rev+ claims to be the first protocol-level program that directly rewards developers, stablecoin issuers and decentralized autonomous organizations (DAOs) based on their created user value….
