Fun

News Feed - 2023-08-02 06:08:24

Turner Wright2 hours agoGameStop will stop support for its crypto wallets, citing ‘regulatory uncertainty’The retail company used to be known primarily for its brick-and-mortar retail stores but has also launched an NFT marketplace and a soon-to-be-canceled line of crypto wallets.302 Total views5 Total sharesListen to article 0:00NewsJoin us on social networksGaming retail company GameStop has announced it will remove its digital wallets from the market starting in November, citing “regulatory uncertainty of the crypto space.”


In a notice posted to its website, GameStop said iOS and Chrome Extension wallets will no longer be available starting on Nov. 1, advising users to ensure they have access to their secret passphrases by Oct. 1. The wallets, launched in May 2022, allow users to manage cryptocurrencies and nonfungible tokens, or NFTs.GameStop notice to users of its crypto wallets. Source: GameStop


GameStop, once known primarily for its brick-and-mortar retail stores offering trade-ins of used consoles and games, became the center of media attention in January 2021 when a group of retail investors from Reddit caused hedge fund managers to lose billions on short positions. The firm has since launched its own NFT marketplace and announced plans to use digital assets and Web3 applications as avenues for growth.


Related:GameStop to drop crypto efforts as Q3 losses near $95M


It’s unclear to which aspects of “regulatory uncertainty” the company was referring. GameStop is headquartered in the United States, where lawmakers and regulators have taken various approaches to tackling the growth of crypto and blockchain. The U.S. Securities and Exchange Commission has brought several lawsuits against crypto firms in the country, and many court cases between blockchain companies and their executives are ongoing.


Cointelegraph reached out to GameStop for comment but did not receive a response at the time of publication.


Magazine:Why join a blockchain gaming guild? Fun, profit and create better games# Cryptocurrencies# Business# Wallet# Bitcoin Regulation# GamesAdd reactionAdd reactionRelated NewsWhat is an atomic swap, and how does it work?Worldcoin launch sparks debate over data privacy and future of AIAI can be a ‘creative amplifier’ — Grammy chief exec Harvey Mason Jr.“When evaluating a fiat-to-crypto on-ramp, three things matter” — Q&A with UpholdLawmakers probe Apple’s App Store policies on blockchain, NFTsX’s ad revenue sharing: Crypto payments on the horizon?

News Feed

Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid
Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report
William Suberg9 hours agoBitcoin speculators are underwater on 88% of their BTC bags: ResearchA tale of two types of Bitcoin investors emerges as BTC price action separates “sensitive” speculators from seasoned hodle
Ryan Salame seeks to void guilty plea, says fed didn’t keep promise
Martin Young5 hours agoRyan Salame seeks to void guilty plea, says fed didn’t keep promiseThe government has reneged on its agreement to stop investigating his partner, claims former FTX executive Ryan Salame.   739
Tristan Greene6 hours agoBaidu unveils Ernie 4.0 AI system, says overall performance ‘on par with ChatGPT’The Chinese megacorporation claims its newest model rivals OpenAI’s popular model in generating text, images
Hydra’s ‘Complex Drug Delivery System’ in Russia Overshadows Western Darknet Markets
Hydra"s "Complex Drug Delivery System" in Russia Overshadows Western Darknet MarketsOn September 14, the blockchain analysis firm Chainalysis reported on the infamous Russian darkne
Crypto chief bids SEC farewell after 9 years of service
Ezra Reguerra10 hours agoCrypto chief bids SEC farewell after 9 years of serviceDavid Hirsch has worked as an enforcement attorney for the SEC since 2015 and started his post as the chief of the crypto asset division in
If your country has adopted a CBDC, you might be suffering
Christos Makridis6 hours agoIf your country has adopted a CBDC, you might be sufferingNew research indicates that in countries where central bank digital currencies have been adopted or are under consideration, well-bein
SEC Rejects Bitwise’s Latest Bitcoin ETF Proposal
The U.S. Securities and Exchange Commission (SEC) has rejected the latest attempt at creating a bitcoin exchange-traded fund (ETF). The SEC announced Wednesday that the ETF proposal
Crypto mixer founder argues 30-year prison sentence is ‘unwarranted’
Turner Wright1 hour agoCrypto mixer founder argues 30-year prison sentence is ‘unwarranted’In March, a jury convicted Bitcoin Fog founder Roman Sterlingov of four counts related to money laundering through the operat
IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing Currency
IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble"s Position as World"s Best Performing Currency After the International Money Fund revealed it had approved a bailou
Christmas Festivities Unfurl at Bitcoin Games With 60,000 Free Spins Giveaway
Christmas Festivities Unfurl at Bitcoin Games With 60,000 Free Spins Giveaway Merry Christmas! Bitcoin Games celebrates 12 Days of Christmas with the biggest giv
Charges of Fraudulent Pretense: US Court Unseals Onecoin Cofounder’s Indictment
Charges of Fraudulent Pretense: US Court Unseals Onecoin Cofounder"s IndictmentManhattan prosecutors from the New York Southern District Court (NYSD) have unsealed indictment charge