Regulation Archives - Page 21 of 21

Virginia Will Now Allow Banks To Offer Crypto Custody Services

Virginia’s Senate on Friday unanimously approved a bill that will allow banks in the state to provide crypto custody services, granted they have enough resources to manage the associated risk. The bill will go into effect once it is signed by Governor of Virginia Glenn Youngkin. The bill effectively allows banks to be able to hold wallet keys for customers, and is geared more towards institutional investors with large crypto holdings.

Bill intended to boost crypto investment in Virginia

The bill, no....

Bitcoin on the Brink of a New Uptrend

Key Takeaways

Bitcoin surged above $45,000 Wednesday. The bullish price action signals a potential trend reversal. Breaking $48,250 could send BTC towards $56,000.

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Bitcoin is back in the spotlight after gaining more than 20% in market value over the last three days. Further upward pressure may have the strength to kick start a new uptrend.

Bitcoin Regains Lost Ground

Bitcoin continues trending upwards, signaling the possible beginning of a new uptrend. The flagship cryptocurrency is on the rise as the buying pressure behind...

EU Revises Legislation Targeting Proof-of-Work Crypto Mining

Key Takeaways

A European law that proposes restrictions on environmentally unsustainable consensus mechanisms has been revised. That law could have conceivably restricted the use of Bitcoin and other mining-based cryptocurrencies prior to revision. Stefan Berger, a member of the European Parliament, confirmed that the relevant text has been removed.

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A piece of European regulation has been revised to remove language that proposed a ban on mining-based cryptocurrencies.

MiCA Regulations Targeted Crypto Mining

Language in a piece of legislation that was interpreted as problematic...

How Many Bitcoins are There in the World Right Now?

How many Bitcoins are left to mine?

This is one of the overarching questions in the Bitcoin world. At the current rate of production, there will only ever be a total of 21 million Bitcoins, 20,999,999,9769 to be precise. This means that once all of the Bitcoins have been mined, no new ones can enter into circulation. Once the 21 millionth Bitcoin is mined, the miners will stop getting rewarded with new Bitcoins. At that point, transaction fees will become the...