Wyoming Prohibits Forced Disclosure Of Private Cryptographic Keys By US State Courts, JP Morgan Projections Of FX Market
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The cryptocurrency market still requires special regulations, new laws are still being introduced to this market. Wyoming remains the most popular state in the US for this market. JP Morgan is looking at the situation on the forex market.
In this article:
- Wyoming is the most cryptocurrency-friendly states in the US
- Climate prediction model for wind and solar power
- The 2023 dollar projections by JP Morgan
- The Russo-Ukrainian war
Wyoming is the most cryptocurrency-friendly states in the US
Wyoming passed a bill Wednesday that effectively bans forced disclosure of private cryptographic keys by U.S. state courts.
The private key is used to verify cryptographic transactions and prove ownership of a blockchain asset or address. The right includes any private keys associated with digital assets, someone's digital identity, or any other interests or rights that a private key provides.
If approved by Wyoming Governor Mark Gordon, the bill will go into effect on July 1, 2023.
Wyoming has long been touted as one of the most cryptocurrency-friendly states in the US
It was the first U.S. state to declare a decentralized autonomous organization (DAO) as a limited liability company (LLC) in July 2021, having previously considered state-issuing a stablecoin in February 2022, but has not gone very far since then.
#cryptonews: Wyoming lawmakers pass a bill prohibiting forced disclosure of #Bitcoin private keys 🇺🇸
— CoinMarketCap (@CoinMarketCap) February 17, 2023
Climate prediction model for wind and solar power
Economies around the world are moving towards renewable energy sources. China as the second largest economy in the world is introducing its own models that aim to accelerate and improve the green transformation.
China has launched a national climate forecasting model for wind and solar resources to enable provincial governments to forecast energy demand and supply.
Looking globally at renewables, unless new and stronger policies are implemented in 2023, global renewable power generation is expected to remain steady compared to 2022. While photovoltaics will break another record in 2023.
China launches climate prediction model for wind and solar power https://t.co/DJKqCEH9bt pic.twitter.com/uR4bKzONIy
— Reuters Business (@ReutersBiz) February 17, 2023
Read next: Microsoft: Bing With Artificial Intelligence And The First Mistakes And Confusing Answers| FXMAG.COM
The 2023 dollar projections by JP Morgan
2022 was a historic year. The US dollar strengthened against almost every other major currency to levels not seen in decades as the Federal Reserve (Fed) aggressively raised interest rates to combat inflation. The US dollar gained over 12% in 2022, hitting a two-decade high in September 2022.
The 2023 dollar projections for various currency pairs are more related to country-specific factors that JP Morgan is looking at.
The situation of the euro, pound and yen currencies will largely depend on developments in the economy.
Currency markets have been volatile. Will we see the return of a strong U.S. dollar? And what’s the outlook for other major currencies? Explore J.P. Morgan Research insights: https://t.co/5Bc5HAn7ix pic.twitter.com/bE292j9fBr
— J.P. Morgan (@jpmorgan) February 16, 2023
The Russo-Ukrainian war
The situation in Ukraine is getting worse. The Ukrainians, despite almost a year of defense, are still holding on, but Russia is not giving up. Several regions of Ukraine faced a barrage of missile attacks overnight, one of which hit the country's largest refinery. Meanwhile, Russia is increasing the number of reservists it is sending to the front lines as part of its anticipated spring offensive, and is already stepping up ground attacks in eastern and southern Ukraine.
In addition, the world's government and military leaders gather in Munich, Germany, for the annual Munich Conference on International Security Policy. The theme of this year's summit is the Russo-Ukrainian war and it takes place just before the anniversary of Russia's full-scale invasion of its neighbour.
World leaders convene in Munich; Zelenskyy rules out conceding territory for peace https://t.co/VTIFW9v3Lt
— CNBC (@CNBC) February 17, 2023
