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 ..read more

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 on what Donald Trump himself has said about crypto-related policies. While tech industry members and ..read more

  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, Stripe’s product lead, on X. With a celebratory tweet, he declared, “Crypto on Stripe is offici ..read more

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 ..read more

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 traditional finance. "Business owners have increasingly expressed interest in having the same cryptocurren ..read more

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 name, addressing a longstanding discrepancy where the token for 'Polygon' was traded under the s ..read more

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 compliance and security standards in the crypto space. As an ERC-20 token on the Ethereum blockcha ..read more

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 back measures favorable to the crypto industry. However, it's important to remember that this is co ..read more

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 ..read more

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 about their potential use in money laundering activities. BaFin collaborated closely with law enfor ..read more