Craig Wright, the controversial figure who claims to be Bitcoin’s creator, Satoshi Nakamoto, is cracking following the defeat of his landmark case as been handed a suspended prison sentence by a UK court. Wright’s one-year sentence for contempt of court won’t see him behind bars unless he breaches court orders in the next two years. While the average person would make sure to comply, Wright's recent behavior has us wondering if he's capable of controlling himself long enough to stay free man. 

Michael Saylor, co-founder and executive chairman of MicroStrategy Inc., emphasizes his commitment to enhancing shareholder value through what he calls "intelligence leverage." By focusing on intelligence leverage, Saylor may aim to strengthen MicroStrategy's dual identity as both a software company and a major institutional player in the cryptocurrency space, particularly Bitcoin. Saylor also talks about his willingness to advise the Trump administration on cryptocurrency representing a signifi

[Press Release - via GCPNews] The cryptocurrency market is evolving rapidly, providing users with innovative opportunities for investment, trading and financial transactions. However, along with opportunities come risks. It is important for owners of crypto assets to know that the safety of their funds depends on a careful approach to the assets flowing into their wallets. Any mistake in verifying the source of cryptocurrency can lead to financial losses or legal problems. We have created a free

In a bold move toward integrating cryptocurrency into national policy, Japanese Senator Satoshi Hamada has submitted a formal proposal urging the government to establish a strategic bitcoin (BTC) reserve. The request, officially registered in Japan's Upper House of Parliament, advocates for converting part of the nation's foreign exchange reserves into bitcoin and other virtual currencies.

Hamada's proposal, titled “Letter of Intent on the State of Understanding of the Bitcoin Reserve Movement

Blackrock opens options trading on their Bitcoin ETF, others are expected to follow.  In short, options are placing a bet on the price of Bitcoin on a future date. If correct, you are entitled to either purchase Bitcoin at a lower price from someone who incorrectly bet it would go up, or sell at a higher price to someone who incorrectly bet it would go down.  This is a popular way for people to hedge their trades. Video Courtesy of CNBC Subscribe to GCP in a reader

When it comes to Trump’s stance on crypto, you’ll find polar opposite perspectives depending on who you talk to. Ask a Trump supporter in crypto, and they’ll tell you he’s the savior of the industry, the one who’ll pass pro-crypto laws that turn America into the global crypto capital. On the flip side, his critics are quick to claim that his pro-crypto talk was just a vote-getting tactic, and now that the election is over, they argue, we shouldn’t expect much action.

Today we’re focusing only o

 

Back in April, Stripe made waves by revealing plans to support payments using USD Coin (USDC) on popular networks like Ethereum, Solana, and Polygon. And now, they've officially followed through! On Wednesday, this global payments leader hit the go button, rolling out crypto support once again after a six-year pause since they last handled Bitcoin payments.

This new feature means businesses can now accept USDC from customers across 150+ countries, a step forward announced by Jeff Weinstein,

Chamber of Digital Commerce founder and CEO Perianne Boring explains how Biden and regulators he appointed set the US behind competing nations on emerging tech like crypto, and compares this with Donald Trump’s plan to further integrate crypto into the U.S. economy. Video Courtesy of Fox Business Subscribe to GCP in a reader

At first glance, the Pi Network seemed promising — a new token backed by Stanford-educated developers, claiming technical superiority and offering free mining through a mobile app. The excitement was palpable, and since its 2019 launch, tens of millions have downloaded the app, accumulating free Pi tokens by simply pressing a button daily.

Now, almost six years after launch, users continue to earn Pi tokens the same way. But there's a glaring problem—those coins aren’t tradeable, and no exchan

PayPal is taking another step forward in the cryptocurrency space, announcing on Wednesday that U.S. merchants can now buy, hold, and sell crypto directly through their business accounts.

This move reflects the growing mainstream acceptance of digital currencies, especially following the approval of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) earlier this year. What was once considered a fringe asset class is now becoming more integrated into tradit

The conversion is underway, and just 1 week in to the process, Polygon is reporting the majority of tokens already converted (Over 60%).Polygon is migrating from MATIC tokens to a new coin called POL, which will serve as the primary token for gas fees and staking while introducing features like multi-chain staking. This upgrade is expected to bolster network security by enabling staking across multiple chains within the Polygon ecosystem. The rebranding to POL also aligns better with the Polygon

PayPal’s foray into the world of crypto has been a huge success for the company, and the highlight of this venture has to be their flagship stablecoin, PayPal USD (PYUSD), recently crossing the $1 billion mark in total market capitalization, as reported by CoinMarketCap. Launched in 2023, PYUSD is pegged to the US dollar at a 1:1 ratio, ensuring stability and ease of use for transactions in the digital economy. The stablecoin is issued by Paxos Trust Company, a US-regulated entity known for its

The Biden administration has often been criticized as 'anti-crypto' due to a consistent lack of understanding of the industry's fundamentals. However, one of Kamala Harris’s advisors suggests that the current Vice President and Presidential nominee might take a different approach, supporting more pro-crypto policies.

While this news is intriguing, it's wise to remain cautious. The source of this information is Brian Nelson, a key policy adviser for Harris, who recently indicated that she would

Bitcoin Miners are being offered big money to switch their computing power over to AI. Matthew Sigel, VanEck's Head of Digital Assets Research says this trend will continue to grow... Video Courtesy of CNBC Subscribe to GCP in a reader

In a sweeping operation across Germany, authorities have confiscated nearly €25 million ($28 million) in cash from cryptocurrency ATMs that were operating without proper permits, according to a statement issued by the country’s financial regulator, BaFin, on Tuesday.

The operation targeted cryptocurrency ATMs located in 35 different sites across the country. These machines were facilitating the trade of Bitcoin and other cryptocurrencies but lacked the necessary licensing, which raised concerns

Trump calls on U.S. to embrace cryptocurrency at Bitcoin conference in Nashville, where he also vowed to make the US the 'crypto capital of the world'. Video Courtesy of PBS Newshour Subscribe to GCP in a reader

Late yesterday the Securities and Exchange Commission (SEC) officially approved Ethereum spot exchange-traded funds (ETFs) to begin trading today! Following in Bitcoin's footsteps, the world's second-largest cryptocurrency will now be accessible to investors through traditional markets.

Here's the list of the newly approved Ethereum ETFs and where you can find them:

Grayscale Ethereum Mini Trust (ETH) - New York Stock Exchange

Franklin Ethereum ETF (EZET) - CBOE Exchange

VanEck Ethereum ETF

Crypto liquidations are expected to decrease this month, and the market is predicted to bounce back from August onwards, according to a report from JPMorgan (JPMJPM) released yesterday.

The bank has lowered its estimate of how much money has flowed into the crypto market this year from $12 billion to $8 billion. JPMorgan doubts that the earlier estimate of $12 billion would continue for the rest of the year because the price of Bitcoin (BTC) is quite high compared to its production cost or the

This story somehow never runs out of surprising twists, and this one is massive.Look back on almost any news coverage, or old posts in online crypto communities made by your average trader - in everyone's mind this was a story about people losing billions.  At one point it was probably true, when the market had just been hit with the Terra/Luna collapse There's no downplaying how much this story changes when it no longer involves anyone losing money.

At one point, every FTX user who had funds s

We've covered and followed the story of the 'Crypto Queen', one of the FBI's most wanted fugitives who's managed to remain free for years regardless of any efforts made by international law enforcement.  Recently they may have gotten closer than ever before - but it's given them more questions than answers.  Video Courtesy of BBC News Subscribe to GCP in a reader