Tag: Paper

Fed issues discussion paper on benefits and risks of a digital dollar

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The U.S. Federal Reserve is opening comments to the public after releasing a discussion paper on the pros and cons of a potential central bank digital currency. In a publication released Thursday titled “​​Money and Payments: The U.S. Dollar in the Age of Digital Transformation”, the Fed said it would likely not be authorized to issue digital wallets or accounts capable of holding a U.S. central bank digital currency, or CBDC, but rather leave such matters to the private sector. In addition, the government body said it would be considering…

Hong Kong Monetary Authority Issues Discussion Paper on Crypto Assets and Stablecoins, Seeks Views on Approach

“The approach has taken into account, among other things, the international recommendations, the market and regulatory landscape locally and in other major jurisdictions, and the characteristics of payment-related stablecoins,” the announcement says. To facilitate the stakeholders in sharing their views, the HKMA has highlighted certain issues in the form of questions and answers in the paper. Source

Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin

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Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues.  Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin’s (BTC) key benefits — internationality and censorship resistance. Buterin foresaw Bitcoin’s potential in protecting the citizens’ buying power in countries such as Iran, Argentina, China and Africa. However, Buterin also noticed a rise in stablecoin adoption as he saw Argentinian businesses operating…

ECB Paper Marks Success Factors for CBDCs, Digital Euro – Finance Bitcoin News

A paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors also point to different risks that such projects entail, like the danger of crowding out the private sector. ECB: Digital Euro Should Be Widely Used for Payments, Not Investment In order to create a successful CBDC, a monetary authority needs to establish the digital currency as a widespread means of payment and exchange that also has a sufficient store of…

1M ETH burned since EIP-1559, and Dorsey drops tbDEX white paper, Nov. 19–26

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. ETH is burning at a rapid rate! Read on to discover the statistics behind Ethereum’s pursuit of deflationary mechanics. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe below. $4.24 billion in ETH burned since EIP-1559 event Blockchain analytics platform CryptoRank shared quantitative data this week that revealed an excess of 1 million Ether (ETH), worth approximately $4.24 billion, has been burned since…

South China Morning Post Releases White Paper for NFT Standard Built on Flow Blockchain

The South China Morning Post (SCMP) has released a white paper detailing its new non-fungible token (NFT) metadata standard called Artifact. The standard will be used to mint historical NFTs, including the SCMP’s own inaugural NFT collection. The SCMP said that Artifact’s metadata structure will be built on the Flow blockchain that was originally created by Dapper Labs, the makers of the popular NBA Top Shot video NFTs. The Artifact white paper outlines a proposed governance structure as well as the development of a dedicated marketplace for the sale of…

White paper introducing Jack Dorsey’s decentralized Bitcoin exchange published on Friday

Jack Dorsey, co-founder, and CEO of both Square and Twitter, released a white paper Friday detailing plans for Square’s decentralized Bitcoin (BTC) exchange tbDEX. Unlike most decentralized exchanges, or DEXs, tbDEX will not utilize a trustless model, and therefore will not feature its own governance token. Instead, it is a message protocol designed to facilitate trust relationships without relying on a federation to control access. The tbDEX also intends to include many features that make it far less decentralized than a DEX in the truest sense of the word. For…

Square Releases White Paper Detailing Protocol for a Decentralized Bitcoin Exchange

Payments giant Square released a white paper on Friday detailing a new decentralized protocol for exchanging digital and other assets known as tbDEX. “The tbDEX protocol facilitates decentralized networks of exchange between assets by providing a framework for establishing social trust, utilizing decentralized identity (DID) and verifiable credentials (VCs) to establish the provenance of identity in the real world,” the firm wrote in the paper’s abstract. In a post introducing the protocol, a TBD developer wrote that  “the tbDEX protocol aims to create ubiquitous and accessible on-ramps and off-ramps that…

Was the first reply to the Bitcoin White Paper Satoshi himself? In-depth theory

Ever since Satoshi Natamoto, the anonymous inventor of Bitcoin, disappeared in 2011 there has been no shortage of theories about his identity. Hal Finney, Dorian Satoshi Nakamoto, Nick Szabo and Craig Wright have all be cited as possible contenders (even if CSW is the main person pushing that last theory.) Now, after months of research Quantum Economics’ Director of Gamefi Research Gerald Votta thinks that he has found the answer to Satoshi’s true identity — Canadian cryptographer James A. Donald. In a new research article piece on Nov. 17 Votta…