Cryptoassets 1) are the digital representation of a right, asset or value that can be transferred or stored electronically, using distributed registry technologies or other similar technology, excluding those that meet the characteristics of securities and financial instruments in accordance with Royal Legislative Decree 4/ 2015, of October 23, which approves the consolidated text of the Securities Market Law (hereinafter, “LMV”) and 2) any digital representation of a security that is not issued or guaranteed by a central bank or a public authority, which is not necessarily linked to legal tender and which does not have the legal status of currency or money, but which is accepted by natural or legal persons as a medium of exchange and which can be transferred, stored or negotiated electronically , following the definition of virtual currency offered in section 5 of article 1 of Law 10/2010, of April 28, on the prevention of money laundering and the financing of terrorism ("LPBC"). This definition is subject to change, in accordance with the evolution of applicable legislation.
Te invito a instalar World App. Aquí está el enlace: https://worldcoin.org/join/XQJ3TAS
👋Moneda mundial (WLD) Vitalik Buterin respaldó positivamente a Worldcoin y elogió la iniciativa de criptomoneda biométrica iris de Tools for Humanity. Fundada en 2019 por Alex Blania, Max Novendstern y Sam Altman, Worldcoin cuenta con el respaldo financiero de Andreessen Horowitz. ➡️ Te invito a instalar World App. Aquí está el enlace: https://worldcoin.org/join/XQJ3TAS
Mastering Crypto
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Bullish
💡Top 5 Projects Approved by Vitalik Buterin in 2024
1. Worldcoin (WLD) Vitalik Buterin positively endorsed Worldcoin, praising the iris biometric cryptocurrency initiative by Tools for Humanity. Founded in 2019 by Alex Blania, Max Novendstern, and Sam Altman, Worldcoin has financial backing from Andreessen Horowitz.
2. BitTensor (TAO) Buterin also discussed BitTensor, sharing a link to the project's whitepaper. BitTensor operates as an open-source protocol, integrating machine learning networks with blockchain technology. Users are compensated with TAO tokens based on the value of information their machine learning models contribute to the community.
3. Farcaster Farcaster, labeled a "sufficiently decentralized" social network built on Ethereum, garnered support from Vitalik Buterin. Utilizing Warpcast software connected to Farcaster, Buterin is actively involved in this project.
4. StarkNet (STRK) In a February 5, 2024 release, Vitalik Buterin provided assessments on StarkNet and its STRK coin. StarkNet, also known as "ZK-Rollup," operates as a permissionless decentralized Validity-Rollup on the Ethereum L2 network.
5. Name Service for Ethereum (ENS) Buterin praised Ethereum Name Service (ENS) as a significant effort. ENS, introduced in 2018, is a distributed, open, and scalable name system on the Ethereum blockchain, contributing to the token's recognition.
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The post basically says that the message about Cardano mixes facts with opinions, and it's wise to verify it. Regarding Charles Hoskinson, it seems consistent with recent reports that he stated he doesn't have 'keys' to governance to change the protocol on his own, that he doesn't have access to the treasury, and that he doesn't own the 'Cardano' brand (it's suggested that the brands would belong to the Cardano Foundation). It clarifies that phrases like 'zero governance power' sound more like rhetoric than a precise technical/legal statement.
A current debate surrounding the concept of digital assets.
The answer is not a simple yes or no, but depends on the approach and criteria applied.
In a strict and technical sense, cryptocurrencies ARE a type of digital asset. They meet several key definitions:
1. They are human-origin resources created in digital format: They are purely digital, having no inherent physical counterpart.
2. They depend on digital infrastructure: They exist in decentralized networks (blockchains) and require technology (software, internet) to access and transfer.
3. They are the result of specific knowledge and technological innovation: They represent a cryptographic, economic, and software engineering achievement of the digital age.
4. They have a sociocultural and economic impact: They have generated new communities, practices, vocabulary, and have challenged traditional concepts such as money and property.
Arguments in favor of considering them digital assets:
· As a technological artifact: The source code of Bitcoin (the whitepaper by Satoshi Nakamoto, the original client software) is considered by many as a historical and cultural document of enormous value for understanding the evolution of the internet, cryptography, and finance. Its preservation is analogous to preserving the blueprints of a revolutionary invention.
· As a sociocultural phenomenon: The cypherpunk movement, the ideology of decentralization, and the culture that emerged around cryptocurrencies are significant digital cultural expressions of the 21st century.
· As a historical document: Early transactions (like the purchase of pizzas with BTC) or the first mined blocks are recorded immutably on the blockchain, serving as a primary digital record of a historical event.
Bank of America warns of a $6 trillion outflow toward #Stablecoins if Congress authorizes interest payments
The traditional banking system has just identified its biggest "enemy" to date, and it's not volatile Bitcoin, but the stable digital dollar. Brian Moynihan, CEO of Bank of America, issued a fiery warning: one-third of all commercial deposits in the U.S. (around $6 trillion) could leave traditional banks to seek refuge in stablecoins if regulatory frameworks allow these assets to pay interest to users.
Threat to Traditional Deposits: Moynihan argues that stablecoins generating returns pose a material risk to bank stability, as they offer a faster and more profitable alternative to conventional savings accounts.
Credit System Paralysis: The CEO contends that, unlike banks that "recycle" money into loans for families and businesses, stablecoins function like money market mutual funds, parking capital in Treasury bonds and draining liquidity from the real credit system.
The Regulatory Factor: Concern arises over the possibility that the U.S. Congress may pass laws providing clarity and enabling stablecoin issuers to directly compete with banking in offering interest.
Backed by the Treasury: Moynihan isn't speaking lightly; he cited studies supported by the U.S. Department of the Treasury confirming this potential capital exodus toward digital assets.
Macroeconomic Impact: A migration of this scale would force banks to drastically raise their rates to retain customers, or, in the worst case, severely reduce their ability to issue mortgages and commercial loans. #CryptoNews $BTC
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I send you 1π! Pi is a new digital currency developed by Stanford PhDs, with more than 47 million users worldwide. To earn Pi, follow this link https://minepi.com/emorenopi and use my username (emorenopi) as the invite code. #pi #pinetwork
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