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Danish Defense Minister: Nuclear cooperation with France does not include the deployment of French nuclear weapons in Denmark.March 3 – Member states of the Shanghai Cooperation Organisation (SCO) expressed serious concern over developments in the Middle East and the armed attack on the Islamic Republic of Iran. The SCO member states consider the use of force unacceptable and support that resolving the current conflict through dialogue, mutual respect, and consideration of the legitimate interests of all parties, based on international law and the purposes and principles of the UN Charter, is the only way forward. The SCO member states emphasized the need to ensure Irans national sovereignty, security, and territorial integrity, and supported all parties in exercising restraint and immediately ceasing actions that could further escalate the situation. The SCO member states strongly urged the United Nations and its Security Council to take immediate measures to address actions that undermine international peace and security.The U.S. Treasury Department announced sanctions related to the Democratic Republic of Congo.French President Emmanuel Macron spoke with the leaders of Qatar, the United Arab Emirates, and Oman about Iran and the situation in the Middle East.March 3 – According to the Financial Times, SpaceX expects its Starship rocket to be ready to launch its next-generation Starlink satellites by mid-2020. Meanwhile, the company is preparing for a crucial test ahead of its IPO, which could value the company at up to $1.5 trillion. At the Mobile World Congress in Barcelona, executives from Musks rocket company gave the clearest timeline yet for the commercial debut of its next-generation rocket. Michael Nichols, senior vice president of SpaceXs Starlink business, stated that Starship will be ready in time to launch the next-generation, upgraded Starlink mobile satellite constellation by mid-2027. SpaceX President Gwen Shotwell said on the sidelines of the congress that Starships test flight is expected to take place within the next four to six weeks. Musk had previously hinted in a January social media post that Starships 12th test flight would take place in early March.

What You Should Know About GameStop's Collaboration With FTX

Aria Thomas

Sep 08, 2022 11:16

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GameStop Corporation (NYSE:GME) has partnered with FTX, a cryptocurrency exchange, in an effort to draw more customers to the digital asset market.


What Happened: On Wednesday, GameStop and FTX announced their partnership in a press release. The transaction's terms were not made public.


The partnership intends to introduce more GameStop customers to FTX's digital asset community and marketplaces, according to a statement from GameStop.


Sam Bankman-Fried founded FTX, a digital currency exchange that supports trading in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE), and a number of other cryptocurrencies.


Additionally, GameStop and FTX will collaborate on new e-commerce and internet marketing initiatives. At addition, GameStop will stock FTX gift cards in certain locations and become FTX's leading retail partner in the United States.


Launched in July, GameStop's L2 NFT marketplace has had a rapid increase in trading volume among decentralized non-fungible token exchanges. According to data published by CoinDesk, GameStop's NFT marketplace exceeded Coinbase Global Inc.'s (NASDAQ: COIN) all-time NFT trade volume in its first week of operation.


After-hours trading for GameStop shares climbed by 13% following the release of second-quarter results. Although the business's second-quarter revenue of $1.136 billion fell short of Wall Street's forecast of $1.27 billion, the company emphasized the $233.2 million in sales from its booming collectibles sector, which had climbed from $177.2 million in the same period of the prior year.

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