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 ..read more

Former president Donald Trump continues to repeat his stance as the crypto-friendly candidate, and it's resulting in votes and donations from the tech world. Trump has seen the light. 5 years ago the former President was saying crypto was “a disaster waiting to happen” but since then has made a number of pro-crypto statements.  Trevor Traina, ambassador to Austria during the Trump Administration and current tech executive, tells Reuters that Trump said “he would be the crypto president” at a recent San Francisco fundraiser. Unexpected Support in 'Liberal' Silicon Valley As someone in Sil ..read more

It's over for the infamous Craig Wright, one of Bitcoin's early developers who actually did work with Bitcoin inventor Satoshi Nakamoto, then in recent years begun to claim he was Satoshi himself.  A ruling by a High Court judge in London on Monday (May 20) determined that the Australian computer scientist Craig Wright provided false testimony and fabricated documents to substantiate his unsubstantiated assertion of being the inventor of bitcoin. Judge James Mellor, in a decision rendered in March and with reasons outlined on Monday as reported by Reuters, concluded that the evidence di ..read more

 Late Sunday night in the US, Coinbase users were greeted with the following message: Coinbase is temporarily unavailable. Our servers are busy. We’re looking into it and expect our usual service to return soon. Your funds are safe. Many traders and investors, relying on the platform for daily transactions, find themselves locked out without any ability to manage their portfolios. For those who were planning to buy or sell based on market conditions at the time, the outage could mean missed opportunities or potential losses. *Update* Coinbase is back online... First reports ..read more

In what was billed as the "biggest bitcoin vs gold debate in history," and moderated by Ran of Crypto Banter, the event featured four financial heavyweights squaring off to argue the merits and flaws of bitcoin and gold as potential future stores of value and mediums of exchange.  In one corner were the bitcoin backers - Eric Voorhees, an early bitcoin adopter and founder of ShapeShift, and Anthony Scaramucci, founder of SkyBridge Capital and former White House spokesman. They championed bitcoin as a revolutionary, decentralized digital currency outside government control. "Bitcoin is ra ..read more

As of now, the price of Bitcoin stands around $62k, reflecting robust growth and heightened investor interest. Over the last four years, since the previous halving, Bitcoin has seen an astronomical 800% increase. Just this year, it has already risen by 40%, significantly outperforming traditional safe havens like gold, which has only seen a 7% increase year-to-date. The recent 'halving' isn't an event that happens and it's done, it's a fundamental change that slowly effects the price, pushing it upwards. Some experts suggesting this will begin inching Bitcoin to the $100,000 mark in the nex ..read more

The price of Bitcoin has plummeted more than 7.5% in the last 24 hours, plunging to around $62,000 on several major exchanges. At the time of this publication, Bitcoin is trading at approximately $64,300 per unit. Bitcoin's downfall was not an isolated event. The S&P 500 index, which comprises the largest American companies, also experienced a significant decline in the past week, accentuated on the last business day. The same occurred with markets in other countries, indicating a global market reaction. The primary apparent reason for these market movements is the escalating tensions in ..read more

  On numerous occasions, China has banned various activities with bitcoin (BTC) and cryptocurrencies, including trading, transactions, and mining. For this reason, in mainland China, the launch of exchange-traded funds (ETFs) based on this type of financial asset is not permitted. However, Hong Kong, while part of China, is considered a 'special administrative region' able to govern itself separately from mainland China in certain cases, one of which is the ability to regulate Hong Kong-based investment firms. When it comes to crypto, Hong Kong allows companies and residents to invest, p ..read more

Sam Bankman-Fried's sentence of 25 years came down this week, following his lawyers and family making all possible attempts at getting him a shorter sentence. Here we will review those attempts, knowing that ultimately in the end, they failed.  Sam's Parents Fear His Social Awkwardness Puts him in 'Extreme Danger' in a Prison Environment... Sam's family made a desperate plea to the judge, begging for leniency in his sentencing for the FTX cryptocurrency fraud case. His parents, Barbara Fried and Joseph Bankman, warned that their son's social awkwardness and inability to read social cue ..read more

That's what one lucky trader who used crypto exchange Bitmex managed to do yesterday.  As the market was in freefall and clearly intending to 'buy the dip' - the still anonymous user's 'dip' was more like a massive free leading deep under ground, finally landing at a discount of about $54,000! The Obvious Question: How!? It's important to note that there is no official answer to this question, yet. The exchange says they're "investigating the massive sell orders to better understand the circumstances that led to this unusual market activity". We do know someone dumped 400 BTC onto th ..read more