Tag: Paper

Ripple issues white paper on CBDCs, reiterates belief in their potential

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Ripple has doubled down on its public support for central bank digital currencies (CBDCs) in a new white paper. The 23-page document was released by the blockchain-based digital payments company on Dec. 14, and Ripple explains the basics of CBDCs, their attractiveness, risks and barriers to widespread adoption. The white paper claims CBDCs help expand financial inclusion, streamline cross-border payments, and reinforce monetary policy control. It also states: “CBDCs are needed to support the most significant positive impacts of asset tokenization, an increasingly targeted mechanism for transforming tangible assets into…

Australia’s confusing new crypto tax guidance is ‘toilet paper,’ says law firm

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Australia’s controversial new guidelines for cryptocurrency taxation should be ignored for being unclear and should probably be seen as “toilet paper,” according to an Australian law firm. On Nov. 9, the Australian Tax Office (ATO) released guidance that could impact how investors and traders involved in decentralized finance report their taxes. In a Nov. 27 blog, Cadena Legal noted the guidance was “non-binding” instead of a binding public ruling — arguing that such guidance should be seen as “toilet paper.” If you hate the ATO’s recent web guidance on crypto,…

Nic Carter, other pro-Bitcoiners fight climate impact narrative in new paper

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Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid.  The Nov. 22 paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency” argued that Bitcoin mining’s inherent interruptibility and swift load response capabilities could enhance grid flexibility to better integrate variable renewable energy sources. Authors of the working paper included Castle Island Ventures partner Nic Carter, Satoshi Action Fund…

Celestia’s TIA Token Airdrop Germinated From CEO Mustafa Al-Bassam’s Research Paper ‘LazyLedger’

Not meant for a lazy reader, the paper went on to describe, in excruciatingly complex terms and Greek mathematical characters, what was then a radical rethinking of how blockchains could work: separating out the various functions of a distributed ledger – especially the way users query the network for data – into distinct “application layers.” A key benefit would be to minimize the total resources needed to run the main blockchain. Source

Bitcoin’s price comparison on white paper 15th anniversary

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Oct. 31 marks the 15th anniversary of the white paper from Satoshi Nakamoto, the pseudonymous person or persons that introduced the world to Bitcoin. Today, the token sits at $34,494 according to data from CoinGecko, the world’s largest data aggregator. Bitcoin through the years Following the release of the white paper, Bitcoin as a cryptocurrency was launched in 2009, with the first genesis block being mined on Jan. 9. Four years later, the world’s first cryptocurrency was sitting at $204. Price of BTC on Bitcoin Whitepaper Day 📄 2013: $2042014:…

On 15th Anniversary of Satoshi Nakamoto’s Bitcoin White Paper, Wall Street Threatens to Swallow Its One-Time Challenger

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G20 adopts IMF-FSB Synthesis Paper on crypto regulation

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On Oct. 13, the Group of Twenty (G20) — an intergovernmental forum comprising 19 sovereign countries, the European Union and the African Union — unanimously adopted the “G20 Finance Ministers and Central Bank Governors Communique” during its meeting in Marrakesh, Morocco. G20 members accepted the crypto regulatory roadmap proposed in a joint report by the International Monetary Fund (IMF) and the Financial Stability Board (FSB) in September titled “IMF-FSB Synthesis Paper: Policies for Crypto-Assets.“ The G20 states: “We call for swift and coordinated implementation of the G20 Roadmap, including implementation of…

Bitcoiner drops BitVM paper — bringing Ethereum-like contracts to Bitcoin

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A Bitcoin developer has proposed a new way to bring more expressive off-chain smart contracts to Bitcoin (BTC) without needing a soft fork. Announced in an Oct.9 white paper titled “BitVM: Compute Anything on Bitcoin” by ZeroSync’s project lead Robin Linus, BitVM enables Turing-complete Bitcoin contracts without altering Bitcoin’s consensus rules. “Any computable function can be verified on Bitcoin”https://t.co/Itf9UHos0C pic.twitter.com/CLQv49Ydsg — яobin linus (@robin_linus) October 9, 2023 A Turing Complete system is one which can theoretically provide an answer to any computational problem. With BitVM, the “logic” of Bitcoin contracts would…

IMF working paper proposes country-level assessment matrix for crypto risks

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A working paper published by the International Monetary Fund (IMF) proposed a count vulnerabilities and potential policy responses for the crypto sector.  On Sept. 29, the IMF published a working paper titled “Assessing Macrofinancial Risks from Crypto Assets.” Within the paper, authors Burcu Hacibedel and Hector Perez-Saiz proposed a crypto-risk assessment matrix (C-RAM) for countries to spot indicators and triggers of potential risks in the sector. The matrix also aims to summarize regulators’ potential responses to the risks it could identify.  The matrix includes a three-step approach. The first step…