GameStop is getting out of the non-fungible token (NFT) arena. In an update posted on its GameStop NFT website, the company said it has decided to wind down its NFT marketplace “due to the continuing regulatory uncertainty of the crypto space.” “Effective as of February 2, 2024, customers will no longer be able to buy, sell or create […]

GameStop has named Chewy co-founder Ryan Cohen as its president, CEO and chairman. Cohen, who had been executive chairman at GameStop, relinquished that title when taking on the new roles, the video game retailer said in a Thursday (Sept. 28) filing with the Securities and Exchange Commission (SEC). The move is effective immediately, according to […]

Robinhood believes it has been “misunderstood.” A new movie might not help matters. As The Wall Street Journal (WSJ) reported Saturday (Sept. 16), the trading platform is featured in the new comedy “Dumb Money,” which tells the story of the 2021 “meme stock” craze, and the company’s role in it. The movie centers around January 2021, […]

Bitstamp says the ongoing crackdown on cryptocurrencies has cost its U.S. staking business. Beginning Sept. 25, the Luxembourg-based exchange will no longer offer staking services in the U.S., meaning U.S. customers will stop getting staking rewards, Bitstamp said in a statement provided to PYMNTS Thursday (Aug. 24). “As one of the most regulated and trusted exchanges […]

America’s central bank is the latest U.S. regulator to increase cryptocurrency sector oversight. The Federal Reserve Board on Tuesday (Aug. 8) released new information on its plan to supervise “novel activities,” a term that includes partnerships with non-banks, as well as crypto and blockchain-related activity. “The goal of the novel activities supervision program is to foster the benefits of […]

It has been a truly humbling past 12 months for the crypto sector. The alternative value-transfer vehicle, which was supposed to revolutionize the traditional financial system with democratized and trustless access to digital assets, instead enabled one of the biggest financial frauds in U.S. history — the failure of FTX, which spurred a sector-wide crackdown […]

Where a firm spends its money tends to be highly correlated to its business strategy. That makes the chief financial officer (CFO) role crucial for sustainable success – and underscores the importance for CFOs of being tapped into the macro climate, ready, able, and willing to adjust growth levers and revenue flywheels on a moment’s […]

Video game retailer GameStop will end support of its digital asset wallets Nov. 1. In a message posted on its website, GameStop said: “Due to the regulatory uncertainty of the crypto space, GameStop has decided to remove its iOS and Chrome Extension wallets from the market on November 1, 2023.” The message advises customers to ensure that they have […]

GameStop’s chief financial officer is resigning, in the latest of several executive departures from the video game retailer. CFO Diana Saadeh-Jajeh will resign from her role on Aug. 11, GameStop said in a Thursday (July 27) press release. Saadeh-Jajeh told GameStop of her intention to resign on July 21, the company said in a Form 8-K filed Thursday with […]

Over the years, GameStop, once a haven for video game enthusiasts within shopping malls, has experienced a tumultuous journey filled with highs and lows.  GameStop’s story began in 1984 when it was established as Babbage’s, a small software retailer. Over time, the company expanded its operations and acquired various video game retailers, eventually rebranding as […]