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North Carolina House Speaker Destin Hall backs cryptocurrency bill

North Carolina could add bitcoin and other cryptocurrency into its state investment portfolio under a bill moving in the state House this week. Advocates, including the House speaker, think it could improve returns for the state pension fund. The Digital Assets Investments Act is the first bill sponsored by new Republican House Speaker Destin Hall. Hall said in a news release that the legislation would make North Carolina a leader in technological innovation. He said cryptocurrency investments have "the potential to generate positive yields for our state investment fund."Hall’s co-sponsor...
Investing in Currencies

North Carolina House Speaker Destin Hall backs cryptocurrency bill

North Carolina could add bitcoin and other cryptocurrency into its state investment portfolio under a bill moving in the state House this week. Advocates, including the House speaker, think it could improve returns for the state pension fund. The Digital Assets Investments Act is the first bill sponsored by new Republican House Speaker Destin Hall. Hall said in a news release that the legislation would make North Carolina a leader in technological innovation. He said cryptocurrency investments have "the potential to generate positive yields for our state investment fund."Hall’s co-sponsor...
Currencies

Bitcoin jumps 10% after Trump names cryptos for strategic reserve

Bitcoin and other cryptocurrency prices jumped after President Donald Trump named them in a post about a crypto strategic reserve. The price of Bitcoin jumped more than 10% on Sunday, after President Donald Trump said it would be part of a Crypto Strategic Reserve, along with a handful of other digital currencies. Although he didn’t initially mention Bitcoin by name, he did name smaller digital assets whose prices also spiked. In a post on Truth Social, Trump said his executive order on digital assets directed the Presidential Working Group to...
Currencies

Trump Announcement of Crypto Reserve Met With Skepticism

A Truth Social post on Sunday, where President Donald Trump reiterated plans for a “U.S. Crypto Reserve” and praised several specific coins, is drawing ire in the crypto community.  Featured Video The post gave a bump to a floundering market, but the currencies picked had skeptics convinced the announcement was a ploy to boost the bottom line of people in his administration. Trump claimed he would make the U.S. “the Crypto Capital of the World” and create a “Crypto Strategic Reserve” that included a specific set of currencies: Ripple, Solana, and...
Currencies

Trump Vows to Make America the ‘Crypto Capital of the World’ With US Crypto Reserve

U.S. President Donald Trump announced on March 2 the first five cryptocurrencies that will form a U.S. strategic crypto reserve: Bitcoin, Ethereum, Ripple, Solana, and Cardano. Bitcoin and Ethereum are the two largest cryptocurrencies in the world by market value. By establishing a crypto reserve, the U.S. becomes a direct stakeholder in the digital asset market, gaining leverage over global policy, adoption rates, transaction standards, and institutional investment. Trump posted on Truth Social, “I will make sure the U.S. is the Crypto Capital of the World.” SEE: The 6 Best...
Currencies

Asian markets climb on hopes of China fiscal response to Trump tariffs | National

Asian markets climbed on Monday on hopes that China will announce a huge stimulus package that will help offset US President Donald Trump's looming tariffs against Chinese goods.Investors were also watching for any last-ditch deals to ward off the levies hitting Mexico, Canada and China due to come into force on Tuesday.Trump has confirmed 25 percent tariffs on products from Mexico and Canada, and further imposed another 10 percent on Chinese goods from this week."Traders are on edge for last-minute negotiations to sidestep US tariffs," said Stephen Innes, an analyst...
Currencies

Trump says he’s considering these 5 cryptocurrencies for new U.S. “strategic reserve”

President Trump on Sunday named five cryptocurrencies under consideration for a new U.S. "strategic reserve," sending their values skyrocketing and partly reversing a recent slump.In a post on Truth Social, Mr. Trump said the President's Working Group on Digital Asset Markets, a group he set up through an executive order shortly after taking office, is moving forward with the crypto reserve, which will include Bitcoin, Ethereum and three smaller cryptocurrencies: XRP, Solana, and Cardano."I will make sure the U.S. is the Crypto Capital of the World," Mr. Trump wrote.David Sacks, a...
Upcoming Investments

Top 4 Cryptos Set to Soar with Upcoming XRP and Solana ETFs

Crypto investment opportunities expand as XRP and Solana ETF approvals near. This reshapes cryptocurrency volatility patterns and market dynamics in early 2025. Some experts note Bitcoin trading below its recent all-time high of $109,200. Numerous strategic crypto investment decisions become crucial as multiple investors turn their attention to various alternative cryptocurrencies. These are poised for growth ahead of several upcoming XRP ETF approval dates.Also Read: How High Will Solana (SOL) Rise In February 2025?XRP and Solana ETF Approvals Set to Impact Cryptocurrency Volatility in 2025Source: Watcher GuruCardano (ADA) Takes Center...
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