The DAILY LEO #78 | GameStop Crypto Partnership, Bitcoin Anniversary as El Salvador Legal Tender and NFT-based Basketball Fantasy Game
Welcome to the fifth edition of The Daily LEO! We pull the best articles about Finance, Crypto and anything money-related and we deliver them to you in a condensed information packed space.
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GameStop stock rallies and crypto deal partnership announced
The video game retailer that made the news last year when a short squeeze of its stock created pandemonium in the markets is back on the spotlight. After reporting a narrower quarterly loss, GameStop Corp. stock jumped 12%. The company also announced a partnership with cryptocurrency exchange FTX. What could be their plans for this new crypto deal?
Bitcoin completes 1 year as El Salvador legal tender
On September 6, 2021, the Salvadorian government bought 200 BTC at an average price of $51,800 and has made another 9 purchases since then. With Bitcoin losing roughly 60% of its value since its adoption as legal tender, El Salvador is down on all of its 10 purchases. However, is not all bad news as the country succeeded in some areas such as tourism, where there was an increase of 82%. All things considered, was it a good year for El Salvador?
NBA to increase web3 presence with new NFT partnership
The NBA takes another step in the world of cryptocurrency and NFTs. After creating Top Shot, a digital marketplace for digital collectibles, the league announced a new partnership with Sorare to build an officially licensed, free-to-play digital collectible-based fantasy basketball game.
Reducing Bitcoin mining emissions with natural gas
The high energy consumption involved in Bitcoin mining has been one of the most debated topics in the crypto community and it even led miners to search for greener sources such as solar or wind but a study from Cross Energy shows that using natural gas can reduce emissions by more than 500% in comparison to other energy sources. Will Bitcoin miners shift to natural gas?
Making Hive the best that it can be
Hive is definitely an unique community full of opportunities and options to those who are involved in it but it can only reach its full potential if everyone does their part. What are you doing to make Hive the best it can be?
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