Crypto News

- Cathie Wood calls bitcoin 'good source of diversification' for investors seeking higher returns Bitcoin could play a growing role in institutional portfolios, according to Ark Invest CEO Cathie Wood, who described the asset as a valuable diversification tool in her 2026 market outlook. In a wide-ranging note, Wood pointed to bitcoin’s low correlation with other major asset classes, including gold, equities, and bonds, as a reason asset allocators should take it seriously. “Bitcoin should be a good source of diversification for asset allocators looking for higher returns per unit of risk,” she wrote. Wood argued that since 2020, bitcoin has shown weaker price correlations with stocks, bonds, and even gold than those assets have...

- American Burger Chain Makes $10 Million Bitcoin Purchase Steak ‘n Shake has purchased $10 million in Bitcoin, marking a significant escalation in its strategy to transform fast-food revenues into a corporate cryptocurrency treasury. The acquisition marks the latest phase of the 90-year-old chain’s "Bitcoin-to-Burger" initiative, a financial pivot that converts operational cash flow directly into digital assets. Steak ‘n Shake Claims Bitcoin Strategy Drove 'Best in Industry' Growth in 2025 The program, launched in May 2025, integrates digital asset accumulation into the company's daily operations. By accepting Bitcoin payments and marketing directly to the crypto demographic, the chain aims to modernize its capital structure...

- Key Points Bitcoin (CRYPTO: BTC) is the world's largest cryptocurrency. Its market capitalization of more than $1.9 trillion accounts for more than half of the value of all crypto in circulation. Ark Investment Management was founded by seasoned technology investor Cathie Wood. The firm issued a forecast suggesting that Bitcoin could hit $1.5 million per coin by 2030, driven by three primary factors. However, in an interview with CNBC, Wood revised Ark's forecast down to $1.2 million, as new innovations like stablecoins are capturing some of the value initially assigned to Bitcoin. Nevertheless, that still implies a potential upside of 1,159% from Bitcoin's recent price of $95,300 per coin. So should investors buy it now? The...

- Key Points Dogecoin is a prime example of how financial markets can evolve to introduce unique asset classes to the masses. With a market cap of $3.2 trillion, the cryptocurrency industry has brought about popular meme tokens like Dogecoin. While its price has skyrocketed 1,350% over the past five years as of Jan. 13, it's notable that Dogecoin currently trades 81% below its peak. Betting on community-driven support presents challenges, as it's hard to predict the level of enthusiasm in the future. Dogecoin benefits from strong community backing since its inception in 2013, having garnered 4.3 million followers on X (formerly Twitter). This level of interest can provide a price floor for Dogecoin, but the risks remain significant...

- Bitcoin-loving burger joint Steak ‘n Shake adds $10m to crypto treasury Another day, another crypto treasury buy. Popular US burger restaurant franchise Steak ‘n Shake said on Friday that it had added $10 million in Bitcoin to its strategic reserve. “We have created a self-sustaining system — growing same-store sales that grow the [strategic Bitcoin reserve],” the Indianapolis, Indiana-based company wrote on X. “Improving food quality expands Steak n Shake’s reach and leverages Bitcoin into a new and delicious dimension.” The move comes after the firm last year started accepting Bitcoin payments, claiming that any crypto it received for payments would be added to its balance sheet. Friday’s statement is the first time the...

- Burger Chain Steak 'n Shake Just Supersized Its Bitcoin Holdings Iconic American burger chain Steak ‘n Shake has added $10 million worth of Bitcoin (CRYPTO: BTC) to its balance sheet. This comes after the company started accepting Bitcoin payments in 2025. Steak ‘n Shake’s Bitcoin Treasury made a significant acquisition of the cryptocurrency. The company announced the purchase via X on Saturday, highlighting a boost in sales since it began accepting Bitcoin. “Eight months ago today, Steak n Shake launched its burger-to-Bitcoin transformation when we started accepting bitcoin payments. Our same-store sales have risen dramatically ever since. All Bitcoin sales go into our Strategic Bitcoin Reserve. Today we increased our Bitcoin...

- White House reportedly threatens to withdraw support from crypto bill The White House is reportedly considering withdrawing its support for a long-awaited crypto market structure bill, according to a journalist familiar with the matter. This follows a public rift with Coinbase, the largest crypto exchange in the United States and one of the staunchest supporters of the bill. The U.S. crypto market structure bill, formally known as the Digital Asset Market Structure Framework, is designed to establish clear federal rules for how cryptocurrencies and digital assets are regulated in the United States. Coinbase opposition stalls Senate momentum Coinbase CEO Brian Armstrong said he would “rather have no bill than a bad bill,” arguing...

- Federal prosecutors have charged a Venezuelan national with laundering approximately one billion dollars through crypto wallets and shell companies in what officials describe as one of the largest money-laundering operations prosecuted by the Justice Department. Jorge Figueira, 59, faces up to 20 years in prison if convicted of conspiracy to launder money, with authorities alleging his network processed illicit funds across multiple continents while deliberately concealing transactions from law enforcement. The complaint filed in Virginia’s Eastern District accuses Figueira of directing a sophisticated laundering apparatus that converted cash into cryptocurrency, routed digital assets through multiple wallets, then exchanged them...

- One of the oldest burger joints in the United States is making big strides into crypto adoption. 91-year-old Steak 'n Shake began accepting Bitcoin (BTC) payments for burgers globally in May 2025. Now in 2026, its Bitcoin Treasury scooped up $10 million worth of Bitcoin to its balance sheet. Burger joint expands Bitcoin coffers Steak 'n Shake wrote on X on Jan 17: In a post shared on X (formerly Twitter), Steak ‘n Shake announced the latest Bitcoin purchase and highlighted its sales improvement due to Bitcoin. At the time of reporting, Bitcoin was trading at $95,338.36, as per CoinGecko. Steak 'n Shake began accepting BTC payments globally in May 2025 through the Lightning Network, an initiative championed by Bitcoin advocate...

- A crypto investor has lost more than $282 million in Bitcoin and Litecoin after falling for a social engineering scam involving a hardware wallet. On January 16, on-chain investigator ZachXBT revealed the massive theft, which reportedly drained the victim’s account of 2.05 million Litecoin (LTC) and 1,459 Bitcoin (BTC). Monero Spikes 36% After Hacker Swaps Stolen Crypto Into Privacy Coin Cybersecurity firm ZeroShadow confirmed that the attacker executed the heist by impersonating Trezor customer support. Trezor is a major hardware wallet provider with over 2 million users. The impostors successfully manipulated the victim into revealing their recovery seed phrase, effectively handing over full control of the assets. Following...

- Bitcoin Breaks $95K, Touches $98K: $96K Support Now Critical for $100K Push The Bitcoin (CRYPTO: BTC) $98K breakout just changed the market structure. Bitcoin broke above $95,000 resistance and briefly touched $98,000 this week after spending weeks stuck in a tight range. The move puts all eyes on the $94,500 to $96,000 zone—what was resistance is now the line that separates continuation from consolidation. Bullish catalysts are also aligning: Bitcoin ETF inflows have surged past $1.7 billion in the past week, exchange balances keep falling toward multi-year lows, and momentum indicators are rebuilding. The question now is whether Bitcoin can hold strength above $95,000 or needs to pause before another leg higher. How this plays...

- Is Bitcoin a Millionaire Maker? Key Points Bitcoin (CRYPTO: BTC) is ready to start the new year on a better footing. It had a disappointing showing in 2025 as its price dipped about 6% while the stock market put up a double-digit percentage total return. And a competing store-of-value asset, gold, soared last year. Investors might be down on Bitcoin's prospects in the face of these better performances. It's always a smart idea for investors to take a step back and understand the bigger picture. When they do this, they will still have a positive view of Bitcoin. But is the world's most dominant cryptocurrency a millionaire-maker investment opportunity? Bitcoin has generated tremendous wealth in the past It's important to look at...

- Taxes are an unfortunate reality for any American trading with a taxable brokerage account. Crypto gains are no different in the eyes of the Internal Revenue Service. According to the IRS, crypto and other digital assets are treated as physical property for tax purposes, so transactions are taxable. That’s just for federal taxes, though. States vary widely in how they tax crypto gains. How States Tax Crypto Crypto is taxed like any other investment gains. If you hold crypto for under a year, you’re susceptible to short-term capital gains, which can be substantially more than long-term gains, depending on your particular tax situation. States that tax crypto gains tend to tax gains at the same rate as income. However, not all...

- Stablecoins will shake up the $900 billion remittance market—setting up a fight between crypto firms and legacy brands like Western Union Every year, workers around the globe send approximately $900 billion to their families back home, and when it comes to helping them send that money, the market is suddenly up for grabs. The reason is the recent momentum behind stablecoins, which offer an easy way to move money across borders—and for a far cheaper price than legacy transfer systems, whose fees can reach as high as 6%. Stablecoins, which are backed by reserves designed to peg their value to a fiat currency like the dollar, were long used by experienced crypto traders. Today, millions of ordinary people are using them too via...

- Could Monero Be the Next Bitcoin? Key Points If you want a shortcut to losing your money in crypto, start by buying an asset that people are saying is the next Bitcoin (CRYPTO: BTC) right after it makes a big price move. Nonetheless, if some investors are to be believed, Monero (CRYPTO: XMR) is one of the few coins that just might have a plausible claim to becoming the next Bitcoin, thanks to its defining capability, providing on-chain privacy by default. But being obviously valuable is not the same as an asset being the next Bitcoin — nor is it even necessary for something to be the next Bitcoin to be a great investment — so let's unpack what's going on with Monero in a bit more detail and evaluate whether this privacy coin is a...

- Key Points Robinhood is the ideal platform for investors to buy cryptocurrencies. It was made to democratize investing for retail investors. Cryptocurrencies were initially developed as an alternative to the mainstream financial system, offering decentralized currencies. Until this year, while demand for crypto among Robinhood investors was high, the company could only offer a handful of cryptocurrencies because it didn't want to come under the scrutiny of the Securities and Exchange Commission (SEC), which didn't want brokerages selling cryptocurrencies that it believed were unregistered securities. That all changed, however, when President Donald Trump's administration took over and implemented pro-crypto regulations and...

- US Housing Lender Will Accept Bitcoin and Ethereum for Mortgage Qualification Newrez, a leading mortgage lender and servicer, announced plans to begin recognizing cryptocurrency assets for mortgage qualification in February 2026. This marks a significant integration of digital finance into the traditional housing market. Newrez Targets Gen Z with Crypto-Inclusive Mortgage Products The initiative will allow borrowers to use holdings in Bitcoin, Ethereum, USD-pegged stablecoins, and spot crypto exchange-traded funds to verify assets. Those holdings may also be used to estimate income for mortgage loan applications. The program is exclusive to Newrez’s Smart Series product suite. The line offers non-qualified mortgage loans for...

- 2 Overhyped Cryptocurrencies That Could Turn $100,000 Into Nothing Key Points The overall cryptocurrency market has been on an impressive winning streak over the last five years, with leading tokens Bitcoin, Ethereum, and XRP posting winning streaks that made fortunes for patient investors. While valuations for cryptocurrencies have continued to see high levels of volatility, it's generally been a winning move to take a buy-and-hold approach to established tokens. Even though some tokens have managed to serve up incredible gains, the broader crypto market is still filled with risk -- and investors have to be careful about what tokens they back. With that in mind, read on for a look at two tokens that could crash the value of a...

- Mortgage Lender Newrez Embraces Crypto Assets in Loan Decisions Newrez is set to begin counting certain cryptocurrency holdings as qualifying assets in its mortgage underwriting process, a policy shift that could expand access to home loans for borrowers with digital assets. Key Takeaways: The change is expected to take effect in February and will apply across the lender’s non-agency products, including home purchases, refinancings, and investment properties. Newrez to Count Bitcoin, Ether, and Stablecoins as Mortgage Assets Under the new approach, Newrez will allow eligible crypto holdings to be considered alongside traditional assets such as stocks and bonds, removing a long-standing requirement for borrowers to liquidate...

- Key Points The best cryptos to own in 2026 are ones that will benefit from major real-world blockchain adoption. The growth of stablecoins and real-world asset (RWA) tokenization means a large number of financial transactions could start to move on-chain in the coming years. Smart-contract -- or programmable -- cryptos like Solana (CRYPTO: SOL) could grow exponentially if tokenization takes off. It is one of the top 10 cryptos by market cap that stands out for its processing capabilities. Solana's strong potential for 2026 Solana's biggest advantages are speed and low cost. It's averaged around 1,000 transactions per second (TPS) over the past three months, according to Chainspect data. Last year, developers pushed it to 100,000...