Crypto companies seeking bank charters under Trump admin — Report

Cryptocurrency and fintech companies are increasingly seeking bank charters in an attempt to grow their businesses under the Trump administration, according to a report from Reuters, which talked to more than half a dozen industry executives.

The moves come as the administration is seen as more industry-friendly and there are opportunities to gain the licenses that regulators under previous administrations may have been slow to approve.

While discussions about pursuing bank charters are on the rise, it is unknown how many companies will ultimately follow through. It can cost tens of millions of dollars to start up a bank, but there are benefits such as increased credibility with the general public.

According to Reuters, 144 bank charter applications were approved every year between 2000 and 2007, but that number shrank to only five approved per year between 2010 and 2023. 2008 marked the year of the

Read More at https://cointelegraph.com/news/crypto-companies-seeking-bank-charters-trump-administration-report?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound

Crypto companies seeking bank charters under Trump admin — Report

Cryptocurrency and fintech companies are increasingly seeking bank charters in an attempt to grow their businesses under the Trump administration, according to a report from Reuters, which talked to more than half a dozen industry executives.

The moves come as the administration is seen as more industry-friendly and there are opportunities to gain the licenses that regulators under previous administrations may have been slow to approve.

While discussions about pursuing bank charters are on the rise, it is unknown how many companies will ultimately follow through. It can cost tens of millions of dollars to start up a bank, but there are benefits such as increased credibility with the general public.

According to Reuters, 144 bank charter applications were approved every year between 2000 and 2007, but that number shrank to only five approved per year between 2010 and 2023. 2008 marked the year of the

Read More at https://cointelegraph.com/news/crypto-companies-seeking-bank-charters-trump-administration-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cardano’s ADA lands spot in US Digital Asset Stockpile — Will it generate value?

On March 2, President Donald Trump mentioned Cardano’s ADA (ADA) token among the cryptocurrencies to be included in the US strategic crypto reserve. Trump’s March 6 executive order clarified that altcoins would be part of the Digital Asset Stockpile (DAS) under the “responsible stewardship” of the Treasury.

ADA’s potential inclusion in a government-managed portfolio sparked industry-wide surprise and, at times, harsh criticism. Although it has loyal investors who have supported it for years, many in the crypto community questioned why the token was included in the digital asset stockpile.

Let’s analyze the blockchain to see if ADA’s fundamentals and utility support its place in the US Digital Asset Stockpile.

The case for ADA in the US Digital Asset Stockpile

Launched in 2017 via an ICO, Cardano is one of the oldest smart contract platforms. It differs from others through

Read More at https://cointelegraph.com/news/cardano-s-ada-lands-spot-in-us-digital-asset-stockpile-will-it-generate-value?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound

Cardano’s ADA lands spot in US Digital Asset Stockpile — Will it generate value?

On March 2, President Donald Trump mentioned Cardano’s ADA (ADA) token among the cryptocurrencies to be included in the US strategic crypto reserve. Trump’s March 6 executive order clarified that altcoins would be part of the Digital Asset Stockpile (DAS) under the “responsible stewardship” of the Treasury.

ADA’s potential inclusion in a government-managed portfolio sparked industry-wide surprise and, at times, harsh criticism. Although it has loyal investors who have supported it for years, many in the crypto community questioned why the token was included in the digital asset stockpile.

Let’s analyze the blockchain to see if ADA’s fundamentals and utility support its place in the US Digital Asset Stockpile.

The case for ADA in the US Digital Asset Stockpile

Launched in 2017 via an ICO, Cardano is one of the oldest smart contract platforms. It differs from others through

Read More at https://cointelegraph.com/news/cardano-s-ada-lands-spot-in-us-digital-asset-stockpile-will-it-generate-value?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound

Cardano’s ADA lands spot in US Digital Asset Stockpile — Will it generate value?

On March 2, President Donald Trump mentioned Cardano’s ADA (ADA) token among the cryptocurrencies to be included in the US strategic crypto reserve. Trump’s March 6 executive order clarified that altcoins would be part of the Digital Asset Stockpile (DAS) under the “responsible stewardship” of the Treasury.

ADA’s potential inclusion in a government-managed portfolio sparked industry-wide surprise and, at times, harsh criticism. Although it has loyal investors who have supported it for years, many in the crypto community questioned why the token was included in the digital asset stockpile.

Let’s analyze the blockchain to see if ADA’s fundamentals and utility support its place in the US Digital Asset Stockpile.

The case for ADA in the US Digital Asset Stockpile

Launched in 2017 via an ICO, Cardano is one of the oldest smart contract platforms. It differs from others through

Read More at https://cointelegraph.com/news/cardano-s-ada-lands-spot-in-us-digital-asset-stockpile-will-it-generate-value?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin price volatility ramps up around FOMC days — Will this time be different?

At the start of the week, Bitcoin (BTC) price succumbed to pressure from sellers, declining from $84,500 on March 17, to $81,300 at the time of writing. This downward movement was most likely a sell-off related to the Federal Open Market Committee’s (FOMC) two-day meeting, which takes place on March 18-19.

Federal Open Market Committee (FOMC) meetings tend to act as market resets. Each time the FOMC meets to deliberate on US monetary policy, crypto markets brace for impact.

Historically, traders de-risk and reduce leverage ahead of the announcement, and after the meeting and press conference from Federal Reserve Chair Jerome Powell the markets can be equally reactive.

The press release of the current FOMC meeting scheduled for Wednesday, March 19, at 2:30 pm ET, and it could trigger major movements in the Bitcoin market. Analyzing market behavior leading to its release could offer clues about Bitcoin’s

Read More at https://cointelegraph.com/news/bitcoin-price-volatility-ramps-up-around-fomc-days-will-this-time-be-different?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound

Bitcoin price volatility ramps up around FOMC days — Will this time be different?

At the start of the week, Bitcoin (BTC) price succumbed to pressure from sellers, declining from $84,500 on March 17, to $81,300 at the time of writing. This downward movement was most likely a sell-off related to the Federal Open Market Committee’s (FOMC) two-day meeting, which takes place on March 18-19.

Federal Open Market Committee (FOMC) meetings tend to act as market resets. Each time the FOMC meets to deliberate on US monetary policy, crypto markets brace for impact.

Historically, traders de-risk and reduce leverage ahead of the announcement, and after the meeting and press conference from Federal Reserve Chair Jerome Powell the markets can be equally reactive.

The press release of the current FOMC meeting scheduled for Wednesday, March 19, at 2:30 pm ET, and it could trigger major movements in the Bitcoin market. Analyzing market behavior leading to its release could offer clues about Bitcoin’s

Read More at https://cointelegraph.com/news/bitcoin-price-volatility-ramps-up-around-fomc-days-will-this-time-be-different?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound

Bitcoin price volatility ramps up around FOMC days — Will this time be different?

At the start of the week, Bitcoin (BTC) price succumbed to pressure from sellers, declining from $84,500 on March 17, to $81,300 at the time of writing. This downward movement was most likely a sell-off related to the Federal Open Market Committee’s (FOMC) two-day meeting, which takes place on March 18-19.

Federal Open Market Committee (FOMC) meetings tend to act as market resets. Each time the FOMC meets to deliberate on US monetary policy, crypto markets brace for impact.

Historically, traders de-risk and reduce leverage ahead of the announcement, and after the meeting and press conference from Federal Reserve Chair Jerome Powell the markets can be equally reactive.

The press release of the current FOMC meeting scheduled for Wednesday, March 19, at 2:30 pm ET, and it could trigger major movements in the Bitcoin market. Analyzing market behavior leading to its release could offer clues about Bitcoin’s

Read More at https://cointelegraph.com/news/bitcoin-price-volatility-ramps-up-around-fomc-days-will-this-time-be-different?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

83% of institutions plan to up crypto allocations in 2025: Coinbase

Institutional investors are increasingly bullish on cryptocurrency, with 83% saying they plan to up crypto allocations in 2025, according to a March 18 report by Coinbase and EY-Parthenon. 

Already, nearly three-quarters of firms surveyed said they hold cryptocurrencies other than Bitcoin (BTC) and Ether (ETH), and a “significant majority” said they plan to boost crypto allocations to 5% or more of their portfolios, the report said. 

They are motivated by the view that “cryptocurrencies represent the best opportunity to generate attractive risk-adjusted returns over the next three years,” according to the report.

Coinbase, the US’ largest crypto exchange, and EY-Parthenon, a consultancy, based the findings on interviews with more than 350 institutional investors in January. 

Among institutional altcoin holdings, XRP (XRP) and Solana (SOL) are the most popular, the

Read More at https://cointelegraph.com/news/institutions-plan-increase-crypto-allocations-survey?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound

83% of institutions plan to up crypto allocations in 2025: Coinbase

Institutional investors are increasingly bullish on cryptocurrency, with 83% saying they plan to up crypto allocations in 2025, according to a March 18 report by Coinbase and EY-Parthenon. 

Already, nearly three-quarters of firms surveyed said they hold cryptocurrencies other than Bitcoin (BTC) and Ether (ETH), and a “significant majority” said they plan to boost crypto allocations to 5% or more of their portfolios, the report said. 

They are motivated by the view that “cryptocurrencies represent the best opportunity to generate attractive risk-adjusted returns over the next three years,” according to the report.

Coinbase, the US’ largest crypto exchange, and EY-Parthenon, a consultancy, based the findings on interviews with more than 350 institutional investors in January. 

Among institutional altcoin holdings, XRP (XRP) and Solana (SOL) are the most popular, the

Read More at https://cointelegraph.com/news/institutions-plan-increase-crypto-allocations-survey?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound