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GameStop jumps 12% after Bitcoin purchase plans


GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin (BTC). The company plans to finance the purchase through debt financing. After markets closed on March 26, GameStop announced a $1.3 billion convertible notes offering. The convertible senior notes...

Bitcoin mining stocks down after Microsoft scraps data center plans


Bitcoin (BTC) mining stocks are down after tech giant Microsoft reportedly scrapped plans to invest in new artificial intelligence data centers in the US and Europe, citing a potential oversupply, according to a report by Bloomberg and data from Google Finance.Shares of crypto miners Bitfarms...

Fidelity plans stablecoin launch after SOL ETF ‘regulatory litmus test’


Fidelity Investments is reportedly in the final stages of testing a US dollar-pegged stablecoin, signaling the firm’s latest push into digital assets amid a more favorable crypto regulatory climate under the Trump administration.The $5.8 trillion asset manager plans to launch the stablecoin...

SEC plans 4 more crypto roundtables on trading, custody, tokenization, DeFi


The US Securities and Exchange Commission will host four more crypto roundtables — focusing on crypto trading, custody, tokenization and decentralized finance (DeFi) — after hosting its first crypto roundtable on March 21.The series of roundtables, organized by the SEC’s Crypto...

Pirating pioneer Napster sells for $207M with plans for music metaverse


Artificial intelligence startup Infinite Reality has acquired the music-pirating app turned music streaming service Napster in a $207 million deal and plans to add a music-focused metaverse. Infinite Reality said in a March 25 statement that Napster would offer “branded 3D virtual...

Pakistan eyes crypto legal framework to spur foreign investors


Pakistan is planning to create a legal framework for crypto to try to lure international investors to the Central Asian country.“Pakistan is done sitting on the sidelines; we want to have regulatory clarity; we need to have a legal framework that is pro-business,” Pakistan Crypto...

Bakkt names new co-CEO amid re-focus on crypto offerings


Crypto custody and trading firm Bakkt Holdings has appointed a new co-CEO and is cutting some of its services to focus on its crypto offerings after recently losing two major clients.Akshay Naheta, the founder of stablecoin payments infrastructure firm Distributed Technologies Research (DTR), will...

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