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GME Stock Jumps 57%, GameStop Reports Spike in Revenue, Anticipates Better Sales in 2021
By Steve Muchoki
• 3 mins read
GameStop seeks to increase its e-commerce sales away from physical stores in the coming quarters.
Christine Lagarde Says Bitcoin Is Highly Speculative and Calls for Its Regulation
By Steve Muchoki
• 3 mins read
Since she was appointed the president of the European Central Bank, Christine Lagarde has advocated for a digital euro to complement technological advancement, especially in the payment industry.
Google’s Subsidiary YouTube Suspends Channel of Trump for a Week
By Steve Muchoki
• 3 mins read
The move to suspend Trump’s YouTube channel ostensibly came after civil rights groups threatened to organize an ad boycott against the firm.
Bitcoin Price on Verge of Weekend Plunge Recovery
By Steve Muchoki
• 2 mins read
As the volatility spikes by the day, Bitcoin’s average transaction fees have scaled to their highest since 2018, around $13.82.
BILI Stock Up Over 3%, Bilibili Files for Hong Kong Listing to Raise Over $2B
By Steve Muchoki
• 3 mins read
The move by Bilibili to file for a secondary listing in Hong Kong is a clear manifestation of the tension between the United States and the Republic of China.
Snap Stock Rises 3% as Firm Acquires Location Data Startup StreetCred
By Steve Muchoki
• 3 mins read
Although Snap did not disclose the financial side, it is expected that StreetCred will shut down its platform as part of the acquisition deal.
Ethereum Price Drops 20% on Monday but Traders Are Bullish with Eth 2.0
By Steve Muchoki
• 3 mins read
As the asset retested its all-time high, Ethereum traders and investors are eagerly awaiting the launch of CME’s Eth futures scheduled in four weeks.
Agricultural Bank of China (ABC) Enables Digital Yuan ATMs
By Steve Muchoki
• 3 mins read
The pilot program by the central bank through the Agricultural Bank of China is in line with the country’s effort to develop a competent digital yuan.
Nexon Denies Media Claims of Bithumb Acquisition
By Steve Muchoki
• 3 mins read
As a result of the Nexon confirmation, Bithumb will remain a sole entity.
Chamath Palihapitiya Says Bitcoin Could Hit $200K in 5 Years
By Steve Muchoki
• 3 mins read
Although Bitcoin is currently used as a hedge unit in most portfolios, Palihapitiya thinks it will transit to something much more important in the near future.