Crypto News

Image generated by CariGold Can Dogecoin Reach $1 in 10 Years? Key Points A lot of attention deservedly goes to the ongoing artificial intelligence (AI) boom. But investors can't forget another important innovation in the past decade or so, which is the rise of cryptocurrencies and blockchain networks. Love the industry or hate it, the market is valued at $3.3 trillion. So, there's certainly demand. However, critics will point to how much speculation characterizes the crypto industry. Dogecoin (CRYPTO: DOGE) might be the main culprit of this frenzy. The dog-inspired meme token was originally created as a joke. But now it's the ninth-most valuable crypto, worth $24 billion. In the past 10 years, Dogecoin's price has surged 82,140%...

Image generated by CariGold 3 Concerns Investors Have if the Cryptocurrency-Focused Genius Act Becomes Law Cryptocurrency legislation is gathering steam. On June 17, the Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (Genius Act for short), which is designed to give a framework for the stablecoin industry. If it becomes law, it will be the first cryptocurrency legislation passed by the U.S. government and set the stage for increased adoption of crypto. The House must now approve it -- and may push for changes based on its own legislation -- before it reaches the president's desk. Stablecoins are built on the blockchain but peg their value to other assets, such as the U.S. dollar. They are an...

Image generated by CariGold Could Buying IonQ Stock Set You Up for Life? Key Points Investing early in a leading developer of a cutting-edge technology has enabled some individuals to amass fortunes in the past. Could buying shares of quantum computing pioneer IonQ (NYSE: IONQ) set you up for life? The answer is... maybe. There's no question that IonQ is sizzling hot right now. But here's what it will take for the stock to generate the kind of returns that could be life-changing. IonQ's promise Some technologies that are heralded as revolutionary don't live up to the hype. However, quantum computing is one that truly could be worthy of that description. And IonQ's promise is intertwined with the potential for quantum computing...

Image generated by CariGold Key Points Despite all the hype and euphoria that surrounded the crypto market in January, only a handful of top cryptocurrencies are actually up for the year. So crypto investors will need to count on a few big comebacks over the next six months. My top three candidates for a cryptocurrency that will boom in the second half of 2025 are Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Tron (CRYPTO: TRX). Bitcoin Bitcoin is a no-brainer. It's already one of the top-performing cryptos of the year and has received significant support from the Trump administration over the past few months. The big move by the White House was the creation of the Strategic Bitcoin Reserve in March. That essentially gave the...

Image generated by CariGold Bitcoin Soars, Altcoins Fade in $300 Billion Crypto Shakeout (Bloomberg) — On the face of it, 2025 looks like a banner year for crypto: Bitcoin hitting a record, an industry-boosting US president whose family is venturing headlong into the sector, and key legislation widely expected to be passed by Congress. But look beyond the bullish headlines and the rally in Bitcoin, and a vastly different landscape comes into view. Most of the so-called altcoins once touted as competitors to the original crypto asset are nursing steep declines, with more than $300 billion of market value wiped out so far this year. The sea of red points to a wider malaise that’s forcing parts of the industry to confront existential...

Image generated by CariGold Asia Morning Briefing: ETH Bulls Eye $3K as Validator Backbone Upgrade Rolls In Good Morning, Asia. Here's what's making news in the markets: As Asia begins a new trading week, ETH is trading close to $2500, up 11% in the seven days, according to market data, outperforming BTC. Market observers have attributed ETH's outperformance versus bitcoin and other major cryptocurrencies to a string of bullish headlines in the past few weeks. Stablecoins have regulatory clarity thanks to the GENIUS Act – and Ethereum is home to the most stablecoin deposits; ETH exchange-traded funds (ETFs) continue to see sizable flow. Technical analysis by an analyst indicates a potential bullish case is forming on-chain, with...

Image generated by CariGold BNB Hovers Above $648 as Maxwell Hard Fork Upgrade Set to Double Block Production Speed BNB traded in a narrow range on Sunday, reflecting resilience amid low volatility as the BNB Chain community gears up for a significant infrastructure upgrade, according to CoinDesk Research's technical analysis model. The Maxwell hard fork upgrade scheduled for June 30 is poised to enhance the performance of the BNB Smart Chain (BSC) mainnet by cutting block times from 1.5 seconds to 0.75 seconds—doubling the chain’s throughput potential. This upgrade builds on earlier milestones like the Lorentz fork, which reduced block time from 3 seconds and introduced enhanced network stability. Maxwell moves BSC into sub-second...

Image generated by CariGold Whether you’re interested in cryptocurrency due to its lack of regulation or because you have a high risk tolerance when it comes to investing, it still pays to know what is trending and growing. That is where the momentum is in the marketplace, so if you’re only familiar with bigger names like Bitcoin (BTC) or buzzier ones like Dogecoin (DOGE), navigating the crypto world can be tricky. Recently, much of the crypto market has seen a dip thanks to a growing amount of economic uncertainty. However, many of these cryptocurrencies are still growing and should level out in the long run. Although subject to change at any time — much like almost everything when it comes to investing, but especially crypto — here...

Image generated by CariGold Ondo Finance: ‘2025 Will Be the Year of Tokenized Stocks’ Ondo (ONDO) ONDO rose 1.5% to $0.7671 over the past 24 hours, holding near recent highs after a week of gains. The move comes roughly two weeks after Ondo Finance disclosed a new industry collaboration focused on setting standards for tokenized securities. In a June 17 blog post, the firm announced the creation of the Global Markets Alliance, a group of wallets, exchanges, and custodians working together to improve interoperability, investor protections, and access to tokenized real-world assets. Participants include the Solana Foundation, BitGo, Fireblocks, Jupiter, 1inch, Trust Wallet, Bitget Wallet, Rainbow Wallet, and Alpaca. The announcement...

Image generated by CariGold A renewed push to exempt small cryptocurrency transactions from taxation is gaining traction ahead of an imminent Senate vote on amendments to the Build Back Better bill. The Build Back Better Act was introduced in the 117th Congress. This comprehensive social and climate spending plan supports President Joe Biden's economic agenda, investing in renewable energy, healthcare, education, and the family services sector. Beyond social infrastructure, the bill also includes changes to crypto regulation and taxation. Proponents argue for a tax exclusion on purchases of digital currency under $600, noting that micropayments have the potential to include more individuals in the emerging asset class. For example...

Image generated by CariGold Mastercard Is One of the Largest Financial Companies by Market Cap. But Is It a Buy? Key Points With a market cap of nearly $500 billion, Mastercard (NYSE: MA) ranks as the 16th-largest American company by market cap, ahead of financial giants like Bank of America, Wells Fargo, American Express, and Morgan Stanley. Mastercard's greatest asset is its business model Like its chief rival Visa, Mastercard's business model is based on payment processing. The company operates a vast network that facilitates payment transactions between merchants, cardholders, and card-issuing institutions. Mastercard is the classic middleman, charging fees for using its network. Each individual fee is tiny, but they...

Image generated by CariGold Should You Buy Lucid Stock While It's Below $3? The electric vehicle industry is enticing because, despite some setbacks, many countries and customers around the world are shifting their attention to EVs. The gains in EV adoption are often attributed to both consumer interest and government incentives that spur industry growth. The result is that in 2024, there were 1.3 million EVs sold, an increase of 7% compared to the previous year. Still, it's not all sunshine and rainbows in the EV industry. The high cost of electric vehicles and lagging EV infrastructure are cited by consumers as a significant barrier to buying an electric vehicle. Lucid (NASDAQ: LCID) knows the struggle of getting EVs off the...

Image generated by CariGold The mortgage policy in the U.S. could witness a monumental change within the next few months, thanks to a recent development. On June 25, the Federal Housing Finance Agency (FHFA) director William Pulte issued an order directing Fannie Mae and Freddie Mac to consider cryptocurrency as an asset as part of mortgage requests. Part of the broader crypto adoption agenda, the directive asks the bodies to formulate mortgage proposals to consider crypto assets for reserves in single-family loan risk assessments. Industry leaders such as ARK Invest CEO Cathie Wood appreciated the move, saying it "could bolster both crypto and housing significantly." However, there is one component of the directive that has...

Image generated by CariGold Could Crypto Take SoFi Stock to the Next Level? After a nearly two-year hiatus from the cryptocurrency industry, banking and finance app SoFi (NASDAQ: SOFI) recently announced that it will be getting back into the crypto market, and in an even bigger way than before. SoFi made two specific announcements. First, it reported the return of crypto trading to its app -- a service it had offered until late 2023. Second, the bank announced that it would leverage the capabilities of cryptocurrency and blockchain technology to facilitate rapid international money transfers. And perhaps most importantly, SoFi called this the "first of many planned crypto and blockchain innovations across [their] products and...

Image generated by CariGold Bitcoin and crypto investors hit with flood of IRS letters, say tax experts Crypto investors are poised for record returns on Bitcoin and other digital assets—and so, too, is the taxman. The Internal Revenue Service has sent U.S. crypto investors a flood of warning letters about their digital asset investments over the past two months. The volume of letters—which warn taxpayers that crypto investments they declared on their recent tax returns may not be accurate—are an increase over the past year, according to three crypto tax experts. CoinLedger, a crypto tax platform, has seen a spike in users asking about the government communiqués. The number of support conversations on CoinLedger that included the...

Image generated by CariGold Key Points Advanced Micro Devices (NASDAQ: AMD), better known simply as AMD, is often overlooked by investors as it has a distant second-place market share to leading chipmaker Nvidia (NASDAQ: NVDA) in the AI-fueled data center accelerator market. There are several reasons why AMD stock should be on your radar right now. CEO Lisa Su has established a long track record of outperforming expectations. The company's recent data center chips are gaining impressive traction. And AMD has been steadily taking PC market share from long-time leader Intel (NASDAQ: INTC) for years. However, the biggest reason why it's not too late to buy AMD right now is because of the long-tailed growth potential in some of its core...

Image generated by CariGold Amazon invests in innovation to prolong its strong growth Berkshire's stake in Amazon is a relatively small position in its nearly $285 billion stock portfolio (about 0.8%), valued at approximately $2.2 billion. Amazon's stock price has struggled of late, down about 1% so far in 2025 as it ramps up its capital expenditures to keep up in the artificial intelligence (AI) arms race. Amazon CFO Brian Olsavsky said capital expenditures could exceed $100 billion in 2025, driven by investments in data centers, chips, and AI infrastructure. That expense is up significantly from $48.1 billion in 2023 and $77.7 billion in 2024, reflecting the importance management puts on AI. While the return on investment for AI...

Image generated by CariGold Key Points For most investors, simple is good. The Schwab US Dividend Equity ETF (NYSEMKT: SCHD) is a simple way to invest in reliable, high-quality dividend stocks. After all, if you have a life to live, you probably don't want to spend all your free time poring over stocks. A roughly 4% yield and a unique stock selection process seal the deal when it comes to this smart investment choice. Here's what you need to know today. What has the Schwab US Dividend Equity ETF done? Before getting into the Schwab US Dividend Equity ETF's investment approach, it's important to get a good feel for what it has achieved. Many dividend investors are looking to create a reliable income stream to live on in retirement...

Image generated by CariGold Bitcoin’s price has soared past $100,000, making headlines and sparking new interest among Americans who want to get in on the action. For many, the idea of buying a whole bitcoin at this price seems impossible. But, according to Anthony Georgiades, founder and general partner at Innovating Capital, “You don’t need to buy a full bitcoin to get started.” Most major exchanges and popular payment apps allow investors to buy fractions of a bitcoin, making it possible to invest with small amounts. New investors can also use traditional brokerage accounts, bitcoin ETFs, or even invest in companies involved in the crypto industry. With so many options available, here are five smart ways to afford bitcoin when the...

Image generated by CariGold Jack Dorsey's Bitcoin Wallet Plan Twitter co-founder Jack Dorsey is among the most prominent Bitcoin advocates in the fintech industry. While he was at the helm of the social media giant, he founded Block, Inc. in 2009. Block, earlier known as Square, is a technology and financial services company that has integrated Bitcoin into several of its products. In December 2023, Block launched a self-custody Bitcoin wallet called Bitkey. A self-custody crypto wallet gives users complete control over their digital assets. No centralized crypto exchange or third-party company stores your assets on their servers. Instead, you are responsible for the safety of your digital assets on a self-custody wallet. Available...