GameStop wants to sell you NFTs

You thought you wouldn’t hear any more about GameStop in 2022? No, no, no, it’s back in the news, and for all the reasons you might expect: the video game retailer / meme stock par excellence is getting into NFTs and crypto. 

Refresher: It was around this time last year that GameStop’s stock popped, rising from US$18.84 on December 31, 2020 to a high of US$483 within a month, largely driven by interest from retail traders and online forums like Reddit’s r/WallStBets.

  • The stock did fall over the course of the year, but still trades well above US$100.
What happened: GameStop says it’s hired 20 people to build a marketplace to trade NFTs that can be used in video games, like digital outfits or weapons for game characters. The company also has partnerships with two crypto companies lined up to develop games that use NFTs, per the Wall Street Journal.
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Travel Testing Restrictions Drop, But Only In Other Countries

If you would do just about anything to pay $6 for an airport Fiji water again, you’re not alone. 

What’s happening: The Canadian travel industry is hurting, and its associations are urging federal policy makers to consider relaxing testing restrictions for foreign travellers, as other countries start to roll back requirements for visitors, per The Globe and Mail
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The Winter Olympics are probably happening

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One good jobs report for the road

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Stolen Tokens

The volume of cryptocurrency transactions flowing into criminals’ wallets totalled a record cost of US-$14 billion in 2021.
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Cookie Trouble

France hit Google and Meta’s Facebook with a combined $216 million in fines for making it difficult to reject tracking cookies on their websites. 
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Breaking Down Population Movements

Canadians are packing their bags and starting a new life, but they’re not going too far.
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Slam Dunk Deal

The New York Times (NYT) has agreed to buy subscription-based sports site The Athletic for $550 million, helping expand the NYT’s digital offerings.
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The Housing Market Is (Yes, Still) Heating Up

Toronto and Vancouver housing markets closed out the second year of the COVID-19 pandemic with record sales and record-high home prices, per The Globe and Mail
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