• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, August 10, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

Virginia passes new crypto law whilst macro headwinds mount up – Blockchain News, Opinion, TV and Jobs

March 7, 2022
in Blockchain
Reading Time: 2 mins read
A A
ShareShareShareShareShare

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

Related articles

Crypto Weekly Inflows Have Topped $500M for Six Consecutive Weeks: CoinShares

August 9, 2022

Reserve Bank of Australia Rolls Out CBDC Pilot Project

August 9, 2022

Bitcoin made a lower low on the daily time frame last week as it failed to hold above the key $44,600 level, with many analysts calling for lower prices as macro headwinds mount up. Downside risks involve war in Ukraine, persistent inflation in consumer goods and supply chain issues, new inflation from soaring oil prices, and the reaction from the Federal Reserve to combat this inflation. Many predict a global recession is on the horizon if the Federal Reserve decides to hike rates aggressively starting from March 16th, although the board have become more dovish since the war broke out.

Despite these short term risks regarding macro conditions, the long-term outlook of the crypto market remains very bullish, and is strengthening by the day. Regulation in the United States continues to see progression, albeit at a slow pace. The Senate of Virginia approved a bill amendment request that will allow traditional banks in Virginia to provide custody services for crypto. This bill was passed unanimously by the Senate with a staggering 39-0 vote.

In addition, Wyoming recently introduced legislation for a state-issued stablecoin. Furthermore, Canadian businessman Kevin O’Leary has revealed that some U.S. lawmakers are working on a policy to open crypto markets to institutional investors. O’Leary said, “The good news is they are all over it and agree there is tremendous opportunity once they pass policy.” He also said that, “In the indexing business, for all the hype around bitcoin, none of those institutions own a single coin. And they are not going to until their compliance departments allow for the ESG mandates.”

I think that the introduction of regulatory clarity in the US, even if it hinders innovation at first, will ignite the next wave of money to enter the crypto markets. This is how a $100,000-$500,000 price for Bitcoin is achievable over the next 5 years.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Women of Crypto sells entire NFT collection on the first day – Blockchain News, Opinion, TV and Jobs

Next Post

EU Proposes Ban on Proof of Work Cryptos Like Bitcoin – Blockchain News, Opinion, TV and Jobs

Related Posts

Crypto Weekly Inflows Have Topped $500M for Six Consecutive Weeks: CoinShares

August 9, 2022

Inflows into crypto investment products have been experiencing an uptick for six consecutive weeks, topping $500 million, according to a...

Reserve Bank of Australia Rolls Out CBDC Pilot Project

August 9, 2022

The Reserve Bank of Australia (RBA) has launched a year-long trial to explore a central bank digital currency's (CBDC) business...

Blockchain in Fintech Sector Expected to Hit $31.4B by 2030

August 9, 2022

Blockchain in the fintech market is anticipated to reach $31.4 billion by 2030, given that the penetration of this cutting-edge...

Amber Group Expands Retail Trading Operations into Brazil Through WhaleFin

August 9, 2022

Cryptocurrency financial services startup Amber Group has announced that it will expand its retail trading operations into Brazil through a...

Marathon Digital Says Generated 707 BTC with YoY Increase of 8% in 2022 Q2

August 9, 2022

Marathon Digital Holdings, Inc. announced its July 2022 operational update on Aug 8, revealing that the cryptocurrency mining firm had mined 707...

Load More
Next Post

EU Proposes Ban on Proof of Work Cryptos Like Bitcoin – Blockchain News, Opinion, TV and Jobs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Proposed Crypto Regulation Bill will Ease Crypto Market Volatility

August 4, 2022

Polygon, In Steady Bullish Trend, Could Jack Up MATIC To $1.5

August 4, 2022

Binance to cease off-chain transfers for WazirX

August 9, 2022

Polkadot (DOT) Registers Tiff Between Buyers-Sellers!

August 9, 2022

DeFi Space To Thrive Soon, Uniswap(UNI), Avalanche(AVAX) & Chainlink(LINK) Could Dominate the Rally

August 5, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next?
  • Iran Places First Official Import Order With Cryptocurrency Worth $10 Million – Regulation Bitcoin News
  • The future of social media and protecting user data in web3 w/ Lens Protocol and the Aave companies

Newsletter

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$22,964.00-3.96%
  • ethereumEthereum(ETH)$1,678.36-5.42%
  • tetherTether(USDT)$1.00-0.10%
  • usd-coinUSD Coin(USDC)$1.000.07%
  • binancecoinBNB(BNB)$317.59-2.67%
  • Binance USDBinance USD(BUSD)$1.00-0.12%
  • rippleXRP(XRP)$0.361998-4.33%
  • cardanoCardano(ADA)$0.51-4.69%
  • SolanaSolana(SOL)$39.66-7.07%
  • polkadotPolkadot(DOT)$8.68-6.17%
  • dogecoinDogecoin(DOGE)$0.068499-3.61%
  • AvalancheAvalanche(AVAX)$27.77-2.60%
  • daiDai(DAI)$1.00-0.01%
  • Lido Staked EtherLido Staked Ether(STETH)$1,619.04-5.77%
  • matic-networkPolygon(MATIC)$0.88-5.02%
  • tronTRON(TRX)$0.068493-2.90%
  • Shiba InuShiba Inu(SHIB)$0.000011-11.31%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,981.00-3.87%
  • ethereum-classicEthereum Classic(ETC)$37.17-2.64%
  • leo-tokenLEO Token(LEO)$4.932.64%
  • OKBOKB(OKB)$17.95-2.21%
  • litecoinLitecoin(LTC)$58.67-6.62%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.38-2.19%
  • FTXFTX(FTT)$29.41-6.61%
  • chainlinkChainlink(LINK)$8.46-3.33%
  • UniswapUniswap(UNI)$8.47-3.96%
  • CronosCronos(CRO)$0.144481-4.72%
  • cosmosCosmos Hub(ATOM)$10.89-9.98%
  • FlowFlow(FLOW)$2.95-4.37%
  • stellarStellar(XLM)$0.121016-3.45%
  • moneroMonero(XMR)$159.11-5.76%
  • bitcoin-cashBitcoin Cash(BCH)$133.09-7.70%
  • algorandAlgorand(ALGO)$0.343719-14.92%
  • vechainVeChain(VET)$0.029778-6.49%
  • ApeCoinApeCoin(APE)$6.85-8.08%
  • filecoinFilecoin(FIL)$8.07-8.23%
  • Internet ComputerInternet Computer(ICP)$7.80-6.72%
  • ChainChain(XCN)$0.0896440.82%
  • decentralandDecentraland(MANA)$1.02-7.65%
  • HederaHedera(HBAR)$0.074428-7.47%
  • The SandboxThe Sandbox(SAND)$1.28-6.88%
  • QuantQuant(QNT)$121.89-5.56%
  • tezosTezos(XTZ)$1.78-7.13%
  • Axie InfinityAxie Infinity(AXS)$17.56-6.37%
  • theta-tokenTheta Network(THETA)$1.52-7.36%
  • ElrondElrond(EGLD)$61.39-8.19%
  • FraxFrax(FRAX)$0.98-2.12%
  • AaveAave(AAVE)$97.68-5.36%
  • Lido DAOLido DAO(LDO)$2.27-3.73%
  • true-usdTrueUSD(TUSD)$1.00-0.05%