, 2022-12-06 12:21:44,
When you say the word crypto these days, the reaction to it is likely very different than it would have been a few years ago.
Back then, there was lots of buzz about the possibilities of digital currency. Well-respected billionaires like Tesla CEO Elon Musk and Twitter founder Jack Dorsey invested, leading others to do so as well. Retailers scrambled to accept bitcoin and other forms of crypto as payment, wanting to modernize themselves and keep up with the times. After all, if these giants of industry are doing it, the rest of us should too, right?
Sadly, 2022 has been a cruel year for crypto on the whole. Both Dorsey and Musk have changed their tune about it since a crypto winter hit mid-year, sending the value of digital currencies plummeting and leading many to wonder if this whole thing was a good idea after all.
Then November brought the absolute collapse of cryptocurrency exchange FTX, reducing founder Sam Bankman-Fried’s $21 billion fortune to nothing in a matter of days. For many already dubious about crypto, this turn of events shoved it into a freshly-dug grave and kicked dirt on top.
Now many of the businesses that hurried to support crypto are suddenly turning chilly about their investments. The latest of those, video game retailer GameStop (GME) – Get Free Report, has begun taking action on what may have been one of its last hopes for finding a foothold in the rapidly-changing video game retail market.
What Happened With GameStop?
GameStop is the…
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