Cryptocurrency

In written remarks for a panel at the Bank for International Settlements Annual Conference on June 23, Panetta said crypto’s perception among investors as a “robust store of value” began to dissipate in late 2021 and into 2022, when the total market capitalization fell by more than $1 trillion. According to the ECB official, the “highly volatile” nature of crypto assets made them suitable for gambling, and should be treated as such by global lawmakers.Continue Reading on Coin Telegraph More

“While there have been some efforts to provide guidance, there remains substantial uncertainty about the permissibility of and supervisory expectations for these activities […]. This leaves banks in the perilous position of relying on general but non-binding statements by policymakers only to be criticized at some point in the future,” said Bowman, whose term at the Fed ends in 2034.Continue Reading on Coin Telegraph More

Though it’s not immediately clear why Li seeks litigation against the very company and brand he previously built, a series of heated exchanges between Li and Justin Sun last month may offer some hints. Continue Reading on Coin Telegraph More

The tax exemption goes into effect nearly six months after the Japanese government approved a proposal eliminating the requirement for crypto firms to pay taxes on paper gains on tokens they issued and held. Continue Reading on Coin Telegraph More

Although it’s unclear whether the SEC will finally allow a Bitcoin ETF, BlackRock’s initiative appears to have “breathed new life into the race” amid the ongoing crackdown on the crypto industry. Continue Reading on Coin Telegraph More

The Terra Allies senior full stack engineering team — known as the “Six Samurai” — has presented their Q3 spend proposal, emphasizing their deep passion as LUNC holders. With a firm commitment to achieving “a true revival of the ecosystem,” the team pledges to dedicate their efforts and expertise toward this goal.Continue Reading on Coin Telegraph More

This development offers several insights and advantages. First, the independence from exchange activity demonstrates the maturing of Bitcoin as an asset class. It reduces Bitcoin’s reliance on centralized exchanges for value and liquidity. By holding their assets in private wallets rather than on exchanges, these large holders are signaling a long-term commitment to Bitcoin, which in turn boosts market confidence.The evident accumulation by large holders signifies strong belief in Bitcoin’s prospects. When influential market participants accumulate assets, it often sparks a similar trend among smaller investors, eventually leading to a potential price rise. With substantial holders amassing Bitcoin, it suggests they foresee a bullish future for the cryptocurrency.But what does this mean for the everyday Bitcoin user? This shift in behavior benefits regular users by adding to the overall stability of the Bitcoin network. When more Bitcoins are held by long-term investors rather than short-term traders, it helps reduce the volatility associated with speculative trading. Moreover, as Bitcoin becomes less dependent on exchanges, the risk of large-scale hacks, a constant concern in the crypto space, also diminishes.This trend also aligns with Bitcoin’s underlying ethos of decentralization. With fewer coins held on centralized exchanges and more in individual wallets, the control and ownership of Bitcoin become more dispersed, resonating with the cryptocurrency’s fundamental principle of empowering individual ownership.This article was originally published on U.Today More

On Twitter, developer Ed Marquez provided instructions on creating the plugin, focusing on token balances of Hedera accounts. According to Marquez, users can view account balances through a network explorer or programmatically retrieve them via the mirror node Rest application programming interface (API), which the plugin will utilize. HBAR information is returned in tinybars (tℏ), where 100,000,000 tℏ represents one ℏ.Continue Reading on Coin Telegraph More