Bhutan's Green Crypto Initiative: Bhutan is leveraging its hydropower resources to mine green cryptocurrencies, aiming to boost its economy and reduce youth unemployment. The country plans to expand its hydropower capacity to support this initiative.
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Bitcoin (BTC): Trading between $84,000 and $86,000, BTC rebounded following President Trump's announcement of a pause on auto tariffs, boosting investor confidence. However, analysts caution about potential resistance near $86,565 and a possible pullback to $77,305 if momentum wanes.
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GameStop's Financial Outlook and Crypto Speculations: GameStop Corp. is set to report its fourth-quarter results, with analysts expecting earnings of 8 cents per share and revenue of $1.477 billion. The company, facing declining sales amid competition from digital gaming, recently saw a surprise third-quarter profit. CEO Ryan Cohen's attempts to streamline GameStop include selling international operations and a store optimization review. Additionally, GameStop has entered the trading-card business, and there's speculation about venturing into cryptocurrency, highlighted by Cohen's communication with Strive Asset Management about bitcoin investment. Despite challenges, GameStop's significant cash reserve could allow bitcoin investments. Analyst Michael Pachter is skeptical, reiterating an underperform rating and $10 price target.
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