At 3:15 p.m. today, Bitcoin experienced a 0.81 per cent drop to 39,140.58 euros in the last 24 hours on Binance, the world’s largest cryptocurrency exchange. The total Bitcoin trade volume in the last 24 hours was 19.44 billion euros.
The Bitcoin-related Fear and Greed Index is currently at level 60, categorized as “greed.”
The value of the cryptocurrency Ethereum (ETH) increased by 0.72 per cent to 2,344.69 euros. At the same time, the value of Binance Coin (BNB) fell by 1.36 per cent to 287.59 euros.
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are the most traded cryptocurrencies in the market today. Cryptocurrencies TRB, VANRY, and PENDLE are recording the highest growth today.
GameStop is Shutting Down its NFT Marketplace
GameStop will cease operations of its NFT marketplace on February 2, 2024. It will close nearly two years after its launch on February 3, 2022. The closure, due to uncertainties in NFTs and cryptocurrencies, was inevitable following the shutdown of GameStop’s crypto wallet in August 2023. The company cited persistent regulatory uncertainties in the crypto space as the primary reason for discontinuing the NFT marketplace.
GameStop ventured into cryptocurrencies in January 2022, appointing over 20 staff members to its NFT division. Known for its US retail stores, the company has been actively exploring new business avenues following challenges in the physical gaming sector. The decision to close the NFT market aligns with GameStop’s strategic shift announced in December 2022. This signals a reduced emphasis on the industry within a year of entering the NFT domain.
Adding to the strategic realignment, former CFO Diana Saadeh-Jajeh, a key decision-maker in the NFTs, digital wallet, and crypto initiatives, resigned in August 2022. These developments highlight GameStop’s dynamic approach to adapting and evolving in response to the changing landscape of cryptocurrencies and NFTs.
