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Oklahoma Enacts Landmark Bill to Regulate Digital Assets, Protect Bitcoin Rights, Foster Crypto Innovation

The governor of the U.S. state of Oklahoma has approved House Bill 3594, a landmark bill that protects bitcoin rights and fosters cryptocurrency innovation. The legislation addresses the regulation and promotion of blockchain technology and cryptocurrency in the state. The bill defines key terms such as blockchain, blockchain protocol, and digital assets, which include virtual currencies, cryptocurrencies, stablecoins, and non-fungible tokens (NFTs).

The legislation prohibits the Oklahoma government from imposing additional taxes, withholdings, assessments, or charges on payments made with digital assets, including cryptocurrencies. It authorizes home digital asset mining and permits certain digital asset businesses while restricting political subdivisions from taking discriminatory actions against these activities. Additionally, the bill allows appeals for zoning changes related to digital asset operations and directs the Oklahoma Corporation Commission to avoid creating discriminatory rates. It clarifies that specific persons engaged in digital asset activities are not required to obtain a money transmitter license.

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Smart investments for passive income for beginners

For beginners looking to generate passive income through investments, it’s essential to focus on strategies that are relatively low-risk and require minimal ongoing effort. Here are some smart investment options to consider:

  1. Dividend-Paying Stocks: Invest in established companies that regularly distribute dividends to their shareholders. Look for companies with a history of stable earnings and dividend growth. Dividend-paying stocks can provide a steady stream of passive income.
  2. Real Estate Investment Trusts (REITs): REITs are companies that own, operate, or finance income-generating real estate across various sectors such as residential, commercial, or industrial. Investing in REITs allows you to benefit from real estate income without the hassle of property management.
  3. Index Funds or ETFs: Invest in low-cost index funds or exchange-traded funds (ETFs) that track broad market indexes like the S&P 500. These funds offer diversification across multiple stocks or assets, reducing individual stock risk while providing exposure to the overall market’s growth.
  4. Peer-to-Peer Lending: Peer-to-peer (P2P) lending platforms connect borrowers with individual lenders. As a lender, you can earn interest income by funding loans to individuals or businesses. Make sure to assess the creditworthiness of borrowers and diversify your lending across multiple loans to mitigate risk.
  5. High-Yield Savings Accounts or CDs: While not technically investments, high-yield savings accounts and certificates of deposit (CDs) offered by banks can provide a safe and relatively passive way to earn interest income on your savings. However, the returns are generally lower compared to other investment options.
  6. Bond Funds: Invest in bond funds, which pool investors’ money to invest in a diversified portfolio of bonds issued by governments, municipalities, or corporations. Bond funds provide regular interest payments and are generally less volatile than stocks.
  7. Robo-Advisors: Consider using robo-advisors, which are automated investment platforms that create and manage diversified portfolios based on your risk tolerance and financial goals. Robo-advisors typically charge lower fees than traditional financial advisors while providing passive portfolio management.
  8. Dividend ETFs: Similar to dividend-paying stocks, dividend-focused ETFs invest in a basket of dividend-paying companies. They offer diversification and can be an efficient way to generate passive income while minimizing the risk associated with individual stock selection.

Before investing, it’s crucial to do thorough research, understand your risk tolerance, and consider seeking advice from a financial advisor, especially if you’re new to investing. Additionally, remember that while passive income can be lucrative, it often requires patience and a long-term perspective.

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Bitcoin Investment Cryptocurrency Investment Cryptocurrency news

Income passive investor vs passive income

“Passive income investor” and “passive income” refer to related but distinct concepts:

  1. Passive Income Investor: This term typically refers to someone who invests in assets or ventures with the goal of generating passive income. These investors may put money into dividend-paying stocks, rental properties, bonds, or other income-generating assets. The emphasis here is on the investment aspect—the investor is actively selecting and managing investments to generate passive income over time.
  2. Passive Income: Passive income, on the other hand, is any income received with little to no effort required to maintain it. This income can come from various sources, including investments, rental properties, royalties from intellectual property, affiliate marketing, or any business activities in which the individual is not materially involved on a day-to-day basis. Passive income allows individuals to earn money even when they’re not actively working, providing financial flexibility and potentially freeing up time for other pursuits.

In summary, a passive income investor is someone who actively invests in assets with the intention of generating passive income, while passive income refers to the income itself, regardless of how it’s earned.

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Bitcoin is good as long as it stays above $49,000: analyst

Despite Bitcoin’s 13% drop last week, which saw it break below the psychological $60,000 level and fall 20% from its all-time highs, one X analyst remains resolute.

According to the weekly chart, the trader maintains a bullish outlook and says that the coin will shake off weakness in the next session. This lines up with the bulls for most of Q4 2023 and Q1 2024.

Bitcoin falls and loses $60,000

Bitcoin is under intense sell-off pressure, fighting the onslaught of sellers. Earlier today, BTC broke below $60,000, melting below its April 2024 lows.

This dump confirmed the bears from April 13, indicating a possible start of a bearish formation that could see BTC lose ground, paring February and March 2024 gains.

However, the analyst claims that the bullish trend will continue as long as Bitcoin stays above the $49,000-$52,000 support zone, absorbing all the selling pressure. This evaluation, based on the candle arrangement, can serve as collateral for BTC holders. The trader claims that, despite the sell-off, panic at this time is not justified.

Referring to the Elliott Wave Principle, a technical analysis indicator, the analyst highlights that the currency is simply on pause. For those with a more aggressive trading strategy, the decline, ideally towards the upper support zone, could represent an opportunity to buy dips in anticipation of Wave 5.

Currently, the analyst notes that Bitcoin is in Wave 4, a stage that will take approximately the same time as Wave 2. Prices then fell after a brief rally, peaking in May 2023. However, the Prices rose in Wave 3, pushing prices below $30,000. . to new all-time highs, reaching $73,800.

The decline from all-time highs in spot rates, if the Elliot wave theory is analyzed, could indicate that prices are in the fourth wave before the eventual rise, which will end in the fifth wave.

What is next? Will BTC surpass $100,000 in the fifth wave?

Even so, it is still unknown when BTC will go from bottom to top. As things stand, the analyst said traders should watch two exponential moving averages (EMAs) of the 21 and 50 periods. A retest of these dynamic levels could offer support, preparing traders to buy dips in anticipation of the Wave 5 final.

However, the analyst did not define the next possible target even on the chart. Still, if Wave 3 is roughly the same duration as Wave 5, Bitcoin will have a strong chance of breaking above $100,000 after the current volatile price action ends.

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Bitcoin Investment Cryptocurrency Investment Cryptocurrency news

Usa pension plan vs 401k

Pension plans and 401(k) plans are both retirement savings vehicles in the United States, but they operate quite differently. Here’s a comparison between the two:

Pension Plan:

  1. Defined Benefit Plan: In a pension plan, the employer typically contributes to a pool of funds set aside for the employee’s future benefit. The benefit is typically based on a formula that considers factors such as the employee’s salary history and years of service.
  2. Guaranteed Income: Pension plans provide a guaranteed income stream in retirement, usually in the form of monthly payments for life. The amount of the payment is determined by the plan’s formula and is not directly impacted by investment performance.
  3. Employer Responsibility: The employer bears the investment risk and is responsible for managing the pension fund to ensure it can meet its future obligations to retirees.
  4. Less Common Today: Traditional pension plans have become less common in the private sector over the years, with many companies transitioning to defined contribution plans like 401(k)s due to the administrative costs and investment risks associated with pension plans.

401(k) Plan:

  1. Defined Contribution Plan: A 401(k) plan is a type of defined contribution plan where employees contribute a portion of their pre-tax income to their individual accounts. Employers may also make contributions, either by matching a portion of the employee’s contributions or through profit-sharing contributions.
  2. Individual Accounts: Each employee has their own 401(k) account, and the value of the account depends on contributions made by the employee, employer, and investment returns.
  3. Investment Choices: Participants in a 401(k) plan typically have a range of investment options to choose from, such as mutual funds, index funds, and target-date funds. The investment performance directly impacts the value of the account.
  4. Portability: 401(k) plans are more portable than pension plans because employees can take their account balances with them when they change jobs. They may also have the option to roll over their 401(k) balances into an Individual Retirement Account (IRA) upon leaving an employer.

Comparison:

  • Risk: Pension plans shift the investment risk from the employee to the employer, while 401(k) plans place more responsibility on the employee to manage their investments and bear the investment risk.
  • Income Stream: Pension plans provide a guaranteed income stream in retirement, whereas the income from a 401(k) plan depends on factors such as contributions, investment performance, and withdrawal decisions.
  • Portability: 401(k) plans offer more portability and flexibility for employees who change jobs frequently, whereas pension benefits are typically tied to a specific employer.
  • Employer Contributions: While both types of plans may include employer contributions, the structure of these contributions differs. In a pension plan, the employer contributes to a pool of funds for all employees, while in a 401(k) plan, employer contributions are typically made to individual employee accounts.

Overall, both pension plans and 401(k) plans serve as important tools for retirement savings, but they have different structures and implications for employees and employers.