Tag: Paper

Bank of England releases new paper on Ripple use cases

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Bank of England (BoE) has released a new paper that explores the use of Ripple’s Interledger Protocol for synchronized settlement of payments. The new step taken by the Bank of England shows the increasing interest of central banks in blockchain technology. The paper is titled “Ripple: Exploring the Synchronized Settlement of Payments using the Interledger Protocol.” The BOE believes that Ripple protocol could significantly impact the cross-border payments industry by allowing synchronized settlement across multiple…

Redditor’s hacked Bitcoin is a lesson on the hidden dangers of paper wallets

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A Reddit user has become the latest example of why crypto users should be more careful when using wallet generators — after the user lost a few thousand dollars worth of Bitcoin (BTC) from their “secure” paper wallet. On July 24, a Redditor by the name /jdmcnair posted on the r/Bitcoin subreddit, asking for an explanation on how a hacker could have been able to steal over $3,000 worth of Bitcoin from their supposedly secure paper wallet — which was even generated on an offline computer. The Redditor’s Bitcoin wallet address shows an outgoing…

European regulator releases consultative paper on MiCA standards for crypto asset service providers

The European Securities and Markets Authority (ESMA), the European Union’s markets regulator, released a consultative paper on Markets in Crypto-Assets (MiCA) mandates on July 12. It was the first of three consultative packages the agency expects to publish and concerns technical specifications for crypto asset service providers (CASPs). Entities that are already licensed are presumed under MiCA to be “generally capable of providing crypto-asset services,” but they will be required to provide additional information in the form of notifications to the national competent authorities (NCAs) of the country they are registered…

Token issuers in Japan exempt from 30% crypto tax on paper gains

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Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20.  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. Legislators in Japan have been discussing new crypto tax rules since last August as part of a broader tax reform for 2023, but the tax authority has only…

Bitcoin think tank rejects science behind ‘limited adoption problem’ paper

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A team of researchers from the Bitcoin Policy Institute, a nonprofit think tank, have roundly rejected the conclusions reached in a 2022 paper claiming that Bitcoin has an intrinsic scaling problem that will lead to limited adoption in the future. According to the Bitcoin Policy Institute’s researchers, the original paper, dubbed “Bitcoin’s Limited Adoption Problem,” is predicated on three faulty assumptions. First, the authors of the original paper claim that payments on the Bitcoin (BTC) network require full network consensus for settlement. Second, they assert that the addition of miners to…

Ledger releases white paper for hardware wallet seed recovery tool

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Major hardware cryptocurrency wallet provider Ledger is getting closer to launching its planned solution to allow users to back up and recover a Ledger device seed. Ledger chief technology officer Charles Guillemet took to Twitter on June 21 to announce that the hardware wallet company has open-sourced the Ledger Recover white paper. Today, we are publishing the Ledger Recover White Paper, a key step in allowing anyone to audit the cryptographic protocols. This builds on the over 150 apps and other open-source enablement Ledger has already implemented. Don’t trust, verify.…

5 AI tools for summarizing a research paper

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The inherent intricacy and technical nature of research papers’ content make reading them a challenging undertaking. These research articles can be difficult to understand, especially for non-experts or those who are new to the area because they frequently contain specialized vocabulary, complicated concepts and complex methodologies. The amount of jargon and technical terms might act as a barrier, making it harder for readers to comprehend the content. Additionally, research papers frequently dive into complex theories, models and statistical analyses, demanding a solid background understanding of the subject to ensure adequate…

Municipal government in China releases blockchain white paper

A municipal government in Beijing, the capital of the People’s Republic of China and the hub for technological innovation, has unveiled plans to lead the development of web3 and blockchain. Beijing municipality government releases blockchain white paper Per local reports, the Beijing Municipal Science and Technology Commission, in collaboration with the Zhongguan Village Science and Technology Management Committee, unveiled the “Beijing Web 3.0 Innovation Development White Paper (2023)”.  Within the document was detailed information on the system analysis and elaboration of web3, the system structure, domestic and foreign development status,…

Beijing releases white paper for web3 innovation and development

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Beijing, the capital city of China, has reportedly unveiled a white paper with the objective of fostering innovation and advancing the web3 industry. The Zhongguancun Forum witnessed the release of the “Web3 Innovation and Development White Paper (2023)” by the Beijing Municipal Science & Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park. According to the local news outlet, The Paper, the document recognizes web3 technology as an “inevitable trend for future Internet industry development.” With the goal of establishing Beijing as a prominent global innovation hub for…