GlobalCryptoPress.com

The price of Bitcoin plunged under $90,000, reaching levels not seen since mid-November, marking a reversal of gains that had followed Donald Trump's presidential victory.  The cryptocurrency experienced a sharp decline of up to 8.5%, its most significant single-day drop since August. By Tuesday at 11:20 a.m. in New York, Bitcoin was trading at $86,805, down 7.6%. The downturn affected other digital currencies as well, with Ether, XRP, and Solana experiencing even steeper declines during the tra

ST. ASAPH, DENBIGHSHIRE, UK - February 24, 2025 - STGEnergy has announced the launch of its new cloud mining platform, designed to make cryptocurrency mining accessible to everyday users without requiring specialized equipment or technical expertise.

The UK-based company offers a solution that allows individuals to participate in cryptocurrency mining through a rental model, where users can purchase computing power contracts to mine popular cryptocurrencies including Dogecoin and Bitcoin.

"Clo

By now you've probably heard of the staggering blow to crypto exchange Bybit, as they confirmed a massive $1.4 billion exploit, making it the largest crypto hack on recordWe're now learning some additional details - according to Bybit CEO Ben Zhou, the attacker compromised one of the exchange’s Ethereum cold wallets, siphoning off huge quantities of ETH and stETH by manipulating a single transaction.

Bybit’s CEO says the hacker got hold of the private keys to a specific ETH cold wallet and tran

The race to integrate Bitcoin into state treasuries is heating up. So far, 20 U.S. states have introduced bills aiming to accumulate BTC as a financial asset—but Utah is pulling ahead with real legislative momentum.

A new bill, HB 230, just cleared a major hurdle. The “Digital Innovation and Blockchain Amendments” bill, which could allow the state treasurer to allocate public funds into Bitcoin, has now been formally introduced to the Utah Senate’s Revenue and Taxation Committee.

Back in Janua

Bitcoin's wild price swings have long been both an opportunity and a challenge for investors. But what if there was a way to potentially  double  your investment gains without injecting more capital? Enter 2X leveraged Bitcoin ETFs  , a high-powered approach that allows investors to magnify their exposure to Bitcoin’s daily movements without directly buying more Bitcoin.

Investors looking to maximize their returns with a traditional brokerage account, these funds provide a unique way to enhance

In a move that would've seemed wild just a few years ago, over a dozen states are seriously considering holding Bitcoin reserves as part of their fiscal strategy. It began when Trump, not yet elected and on the campaign trail, mentioned the idea as part of his plan to make the US the 'crypto capital of the world'.  Since taking office, one of the executive orders he signed on the first day created the committee to propose new regulations, and to look into the creation of a national cryptocurrenc

The New York Stock Exchange (NYSE) just applied to the U.S. Securities and Exchange Commission (SEC) to list and trade the Grayscale XRP Trust as an exchange-traded fund (ETF). If approved, it would transform the existing trust into an ETF, opening the door for more investors—from curious retail traders to heavyweight institutions—to get in on the action.

This move could mark a pivotal moment for XRP, the cryptocurrency from Ripple Labs that’s been a hot topic for its ongoing legal showdown wit

US banks have just scored an official OK from the Federal Reserve to jump into bitcoin and other crypto services—so long as they can handle the risks. Fed Chair Jerome Powell spelled it out at a press conference after the latest Federal Open Market Committee (FOMC) meeting, emphasizing that while the Fed’s main focus is on overseeing banks, it’s cool with them offering digital asset services if they truly understand what they’re getting into.

Powell noted that several banks under the Fed’s supe

The first full day with President Donald Trump back in the White House begun with crypto making a notable leap on Tuesday, buoyed by a resurgence in bullish sentiment following President Donald Trump’s first full day back in the White House. Bitcoin surged over 2%, hitting $107,180 and finding support around $106,200.

In the spotlight was “Official Trump,” a token introduced last week to symbolize the new administration. After a rocky start with a plunge of more than 20%, the token managed to t

Bitcoin has had a rough start to the new year, but with a new administration set to take office in just days, and more pro-crypto politicians in Congress and the Senate, what's the 'big picture' 2025 outlook on crypto this year?  Video Courtesy of CNBC Subscribe to GCP in a reader

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