<\/p>\n","post_title":"Crypto Custody Services To Be Offered By Virginia Banks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-custody-services-to-be-offered-by-virginia-banks","to_ping":"","pinged":"","post_modified":"2022-03-06 01:44:29","post_modified_gmt":"2022-03-05 14:44:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3774","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"I came up with the idea for HB 263 last summer after reading about how Texas was addressing the issue of cryptocurrency and who is permitted to hold the keys to one\u2019s cryptocurrency purse...Texas decided to tackle this topic of cryptocurrency custodian services through its regulatory process. I discovered that no state at that time, nor to date, has addressed cryptocurrency custodian services legislatively.\"<\/em><\/p>Christopher T. Head<\/cite><\/blockquote>\n\n\n\n
The Senate requires that the customers of the eligible banks retain control over their public and private keys. <\/p>\n\n\n\n
Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n
The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n
Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n
The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n
The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n
Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n
Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n
The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n
The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n
Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n
\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n
Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n
The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n
The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3774,"post_author":"1","post_date":"2022-03-06 01:38:47","post_date_gmt":"2022-03-05 14:38:47","post_content":"\n
Unanimous approval of an amendment request from January 2022 has been passed by Virginia State Senate. Eligible banks in the state of Virginia are now allowed to provide 'virtual currency custody services'.<\/p>\n\n\n\n
However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n
However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n
The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n<\/figure>\n\n\n\n
However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n
\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n
The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n<\/figure>\n\n\n\n
However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n
\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n
\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n
The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n<\/figure>\n\n\n\n
However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n
Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n
Overall, the impact of interest rate changes on the economy is complex and multifaceted. While higher interest rates can help tackle inflation, they can also exacerbate a slowdown in the economy and lead to a recession. As the Fed prepares to make its decision, the financial world will closely monitor the situation to see how the US economy will be affected.<\/p>\n","post_title":"United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-may-enter-mild-recession-as-yet-another-hike-in-fed-rates-expected","to_ping":"","pinged":"","post_modified":"2023-05-04 13:03:34","post_modified_gmt":"2023-05-04 03:03:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11418","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n
Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n
![\"United](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/04\/CPI-.jpg\")
<\/figure>\n\n\n\n