Crypto News

Should Low-Income Earners Be Investing In Crypto? Should you invest in crypto? Is crypto a good investment strategy for low-income earners? Digital asset popularity has been on the rise, especially with countless countries now recognizing crypto as a form of currency. Despite what you might believe, you don’t have to be wealthy to invest in crypto. In fact, you can purchase fractions of coins, helping low-income earners invest with as little as $10. In this article, we’ll cover three strategies you can use to determine if you should be investing in crypto, regardless of your income level. Evaluate Your Priorities First, it’s important to evaluate your priorities. Why do you want to invest in crypto? Is it because of its popularity...

None Bitcoin (BTCUSD) hit a new record high of more than $111,800 around midnight ET Thursday, lifting shares of cryptocurrency-related firms. The price of bitcoin, which surpassed $110,000 for the first time Wednesday, was recently trading just below $110,000. Shares of mining companies MARA Holdings (MARA) and Riot Platforms (RIOT) were up 4.4% and 3.3%, respectively, an hour before the opening bell Thursday. Shares of cryptocurrency exchange Coinbase Global (COIN) were up about 2%, while those of Strategy (MSTR), the largest corporate holder of bitcoin, rose 1.6%. The surge has come amid a busy week of crypto news. The Senate on Monday voted to advance a bill that establishes a regulatory framework for stablecoins, and JPMorgan...

NEW YORK (Reuters) - Buyers of President Trump’s meme coin are converging from around the globe on Thursday for an exclusive dinner at his private country club, overlooking the Potomac River, just outside the nation’s capital. Among those who will be in attendance is China-born crypto entrepreneur Justin Sun, who won first place in the dinner contest with his $18.5 million wallet, and who is also the largest publicly known investor and an adviser to World Liberty Financial, the Trump family's crypto platform, which has made them hundreds of millions of dollars. On Wednesday, Sun posted a video of himself visiting the Executive Office Building, next to the White House. The U.S. Securities and Exchange Commission recently paused its...

The price of Bitcoin (CRYPTO: BTC) topped $106,000 on Monday as investors reacted to Moody's (NYSE: MCO) decision to downgrade the credit rating of the U.S. government from Aaa to Aa1. Moody's was the last of the big three credit rating companies to strip the U.S. of its highest grade. It said, among other things, that it expected larger deficits to drive the government's debt burden up during the next decade. The announcement spurred Bitcoin to its highest level since January and brought it close to its all-time high of about $109,000. Although Bitcoin's price is up, it does Moody's a disservice to call what it did a pump for Bitcoin because the word is usually associated with pump-and-dump scams. I'm sure that the jump in crypto...

Image source: Getty Images. Key Points In yet another sign of how mainstream crypto has become, JPMorgan Chase Chief Executive Officer Jamie Dimon announced at the company's annual investor day event that clients will now be able to buy Bitcoin for their accounts. This is significant news as Dimon has been a known Bitcoin skeptic. If JPMorgan Chase's move encourages other investment companies to unlock crypto for their clients, it could lead to a potential price surge for Bitcoin. Why did JPMorgan change its mind about Bitcoin? There are several possible reasons for this change. The new pro-crypto policies of the administration of President Donald Trump have made it easier for companies to embrace crypto. Wall Street now has a...

US stock futures edged cautiously higher on Thursday as investors worried about the US debt pile braced for a looming House vote on President Trump's "big, beautiful" tax bill. S&P 500 futures nudged up roughly 0.2%, while contracts on the tech-heavy Nasdaq 100 added about 0.3%. Dow Jones Industrial Average futures clung to the flat line, coming off an almost 2% drop for the blue-chip index on Wednesday. Markets are treading carefully as they continue to grapple with the US deficit concerns that fueled the previous session's selloff. The spotlight is now on the budget bill, which could go to a pre-dawn House vote after last-minute revisions late Wednesday to win over Republican holdouts. The GOP's slim majority in the chamber means...

"Could Buying Nu Holdings Stock Today Set You Up for Life?" Key Points Veteran investors know it's always possible to stumble across a mega-winner like Amazon, which has produced a six-digit percentage return since its 1997 initial public offering, changing early investors' lives as a result. These same investors, however, also know most stocks don't do nearly this well. Sometimes the hunt for these companies can even end up doing more harm than good. And this reality raises questions about relatively young and little-known Nu Holdings (NYSE: NU). Although it's in a completely different business than Amazon is, it's an interesting growth prospect with a compelling backstory. Maybe a big enough position in this small stock could set...

Bitcoin's new all-time high of about $109,800 will eventually look like a small hill in comparison to the heights it will likely reach. As if there weren't enough reasons to be bullish about the coin's future, there's now another reason pertaining to its regulatory status in one of the world's major countries. Here's what just happened and why it matters. **Shifting cryptocurrency regulations portend broader adoption** On May 15, the Ministry of Finance and the Central Bank of Russia announced a pilot of a new cryptocurrency exchange where digital assets would be legalized and transactions above-board as part of an experimental legal regime to test regulation of the industry. The exchange, and legal access to buying, holding, and...

Image source: Getty Images. Last June, a comparison was made between two of the crypto market's most divisive meme coins: Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). Both of these canine-themed coins were created as parodies of other coins. Dogecoin was introduced as a parody of Bitcoin (CRYPTO: BTC) in 2013, while Shiba Inu was launched as a parody of Dogecoin in 2020. Both of these coins were initially dismissed as speculative short-term plays. But if you had invested just $100 in Dogecoin at its earliest price of $0.0002, your investment would be worth about $75,000 today. If you had invested that $100 in Shiba Inu at its earliest trading price of $0.000000000051 per coin, your investment would have blossomed to a...

Image source: Getty Images. 4 Reasons to Buy Block (Square) Stock Like There's No Tomorrow The company formerly known as Square but changed its name to Block (NYSE: XYZ) is one of the more interesting companies you'll come across. It was a market darling during the COVID-19 pandemic, known for its merchant-friendly commerce and peer-to-peer payment ecosystems. However, the fintech company has fallen out of favor with the market. Shares now sit nearly 80% below their all-time highs. As painful as the decline has been for those who bought at higher prices, investors should view this innovative business with a fresh perspective. Look closely; you'll see many ways the company can deliver for shareholders over the coming years. Here...

Coinbase CEO Brian Armstrong speaks at a Stand with Crypto rally in Los Angeles in 2024. (Jason Armond/Los Angeles Times via Getty Images) Coinbase Global (COIN) often touts how it is "building the financial system of the future," but last week the cryptocurrency exchange made a disclosure that highlighted how vulnerable it was to a very old-fashioned form of crime: bribery. Cyberattackers accessed names, addresses, government-ID imagery, transaction history, and account balances of customers comprising less than 1% of its monthly transacting users, Coinbase said, and demanded a ransom payment of $20 million. How did criminals get this information? By bribing retail customer service agents in India, according to the company. The...

Bitcoin surged to a fresh record high on Thursday, fuelled by optimism that the US Congress will soon pass a bill for stablecoin- the GENIUS Act, which is set to be the first regulatory framework under the Trump Administration. During Thursday’s Asian session, the world’s largest cryptocurrency soared past $111,000 (€98,000) at 5:23 am CEST, surpassing its previous all-time high of over $109,000 (€96,000) set during President Trump’s inauguration on 20 January. The rally was supported not only by legislative developments but also by increasing institutional interest. Michael Saylor’s firm, Strategy, disclosed a further aggressive Bitcoin purchase worth $765 million (€675 million) on Monday, bringing its total holdings to over $63...

WASHINGTON (AP) — It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar. But Thursday night’s dinner for the 220 biggest investors in the $TRUMP meme coin has raised uncomfortable questions about potentially shadowy buyers using the anonymity of the internet to buy access to the president. While Democrats charge that Trump is using the power of the presidency to boost profits for his family business, even some pro-Trump crypto enthusiasts worry that the president’s...

Bitcoin Tops $111,000 for First Time as US Optimism Lifts Crypto Bitcoin surpassed $111,000 for the first time to reach a record high, with traders increasingly bullish on the prospects of the original cryptocurrency amid mounting institutional demand. Bitcoin climbed as much as 3.1% in early Asian trading on Thursday to hit a record of over $111,650. Smaller tokens also rose, with second-ranked Ether at one point up more than 5%. A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US Senate fueled hopes of greater regulatory clarity for digital-asset firms under President Donald Trump, who is avowedly pro-crypto. Surging demand from Michael Saylor’s Strategy — which has stockpiled over $50...

None "Watch These Bitcoin Price Levels as Cryptocurrency Hits $110,000 For First Time" Key Takeaways Bitcoin (BTCUSD) surged above $110,000 for the first time on Wednesday, surpassing its previous record set just before President Donald Trump's January inauguration. The cryptocurrency gathered momentum this week after the Senate on Monday voted to advance a bill that establishes a regulatory framework for stablecoins and JPMorgan Chase CEO Jamie Dimon, a longtime crypto skeptic, said the bank would allow clients to buy bitcoin. The digital asset has also received a boost recently from growing demand from corporate treasuries. Michael Saylor’s Strategy (MSTR), which popularized the idea, purchased an additional $765 million worth of...

The US Senate is expected to consider the Credit Card Competition Act (CCCA) as an amendment to cryptocurrency legislation, a move that retail groups say could help reduce consumer costs amid ongoing inflation. The amendment is being proposed as part of the GENIUS Act, which aims to establish federal oversight of stablecoins, digital currencies pegged to traditional assets. Swipe fees under scrutiny as prices remain high The National Retail Federation (NRF) has endorsed the inclusion of the CCCA in the cryptocurrency bill, arguing that the measure would increase credit card market competition and reduce transaction fees, commonly referred to as swipe fees. These fees, set primarily by Visa and Mastercard, currently range between 2%...

Surging: Bitcoin (STRF/STAR MAX/IPx) Bitcoin (BTC-USD) hit an intraday high above $109,500 on Wednesday, driven by bullish momentum and a strengthening regulatory outlook for crypto. At around 5:30 p.m. ET, the token was trading north of $108,000 even after bond yields rose and the broader market slid. The token has jumped more than 40% since falling to around $76,000 in early April as the broader market rebounded after President Trump partially rolled back his tariff policy. "I think the market is now in default buy the dip mode, whereas a couple of months ago, the market was certainly in sell the rip mode," Sean Farrell, head of digital asset strategy at Fundstrat, said in a client note on Monday. Bitcoin's record comes on the...

Image source: Getty Images. Bitcoin Hits All-Time High Before Crashing. Ethereum and Dogecoin Are Along for the Ride Down. Key Points Bitcoin (CRYPTO: BTC) was on fire early in the day on Wednesday, only to crash as the market dropped. Investors were reminded that Bitcoin doesn't run the world, the bond market does, and that was apparent today. The big news was a weak 20-year Treasury auction from the U.S. Treasury that resulted in a big spike in bond yields. And higher yields typically mean investors are fleeing from high-risk assets to safer assets. Crypto advocates may think Bitcoin is a "safe" asset, but history tells us that Bitcoin trades correlated with growth stocks and isn't a safe haven if there's a recession or the...

Congress may finally be prepared to pass groundbreaking legislation on stablecoins after clearing a key hurdle on Monday. The so-called GENIUS Act cleared the 60 votes necessary to advance to a full vote by a tally of 66 to 32. The bill’s co-sponsors are feeling confident the bill will now head towards a final vote in the Senate as soon next week. According to crypto analysts, including Fundstrat’s Sean Farrell, that could spark another massive Bitcoin rally. Farrell says Republicans and Democrats coming together to pass the GENIUS Act could be a bellwether of pro-crypto bipartisanship taking a massive step forward. “Whether there's a cause and effect here, I think narrative-wise, it certainly increases the likelihood of some...

Bitcoin now ranks as the fifth most valuable asset globally, surpassing Amazon and Google with a $2.158 trillion market cap. On Wednesday, May 21, Bitcoin achieved a new all-time high of $109,487.23, pushing the largest cryptocurrency's market capitalization above $2.17 trillion. This accomplishment places Bitcoin as the fifth most valuable asset globally, surpassing Amazon and Alphabet while trailing only gold, Microsoft, Nvidia, and Apple. At press time, Bitcoin was trading at $109,721.94, reflecting a 4.19% increase over the last day. During this excitement, Michael Saylor, executive chairman of Strategy (previously MicroStrategy), posted enthusiastically, "If you're not buying bitcoin at the all-time high, you're leaving money...