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Tag Archives: Reduce

Japanese Regulator Wants to Reduce Crypto Tax to Revitalize the Market

In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market. At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of disclosing taxable amounts that occur ...

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South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error

South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily news outlet The Korea Times on Dec. 10. Shinhan, which has sought integration with both the blockchain and cryptocurrency spheres over the past eighteen months, also completed a staff training program ...

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CBDCs Would Reduce Risks in Cross-Border Payments

Central bank digital currencies (CDBCs) can help improve counterparty credit risk for cross-border interbank payments and settlements, according to a new in-depth report jointly published by the central banks of Canada, the U.K. and Singapore, Nov. 15. A CBDC is a digital currency issued by a central bank whose legal tender status depends on government regulation or law. The “wholesale” ...

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Blockchain Firm Upgrades App in Quest to Reduce Fatal Air Accidents

A fledgling blockchain-based company which aims to improve flight safety is gearing up to launch an upgraded version of its app for pilots – software that has been designed to replace the old-fashioned paper logbooks currently used by aviation enthusiasts and professionals. Aeron estimates that 57 percent of aviation accidents can be attributed to human factors – and poor record ...

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Air France-KLM Set to Introduce Blockchain to Reduce Customer Costs

Air France-KLM, the world’s fifth largest airline, has announced that it will be working with blockchain travel ecosystem Winding Tree to reduce costs for customers by cutting out intermediaries. An official announcement was published via the company’s website yesterday. The purpose of the partnership with Winding Tree, an open source travel network, is to utilise blockchain technology in order to execute “more advantageous ...

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Blockchain Technology Could Reduce Uncertainty in Foreign Trade

In its new policy brief, the Austrian Research Center International Economics (FIW) has examined the possible effects of digitization, including blockchain technology, on the export economy, Cointelegraph auf Deutsch reports today, September 28. The report was prepared by Bernhard Dachs from the Austrian Institute of Technology on behalf of the Austrian Federal Ministry for Digital and Economic Affairs and draws ...

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Decentralized Platform to Substantially Reduce Streaming Commission Fees to 0.77 Percent

A new, decentralized global platform is aiming to help streamers keep more of their earnings — and create a blockchain-driven ecosystem where they will find it easier to receive donations from their loyal viewers. According to DeStream, the esports market is growing, and as a result, audiences on popular streaming services such as Twitch, YouTube and Mixer are increasing by ...

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Ethereum Core Devs Delay ‘Difficulty Bomb,’ Reduce Block Rewards to 2 ETH

Ethereum (ETH) core developers decided on their regular YouTube meeting August 31 to delay the “Difficulty Bomb” by agreeing to include the code for such a change into the upcoming Constantinople hard fork. One of the prime objectives of the Ethereum Foundation lies in the adoption of a new consensus algorithm – Proof-of-Stake (PoS). In order to implement it, the ...

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Ethereum Developers Strike Deal to Reduce Block Reward by 33%

A proposal that is expected to change how much ether enters the cryptocurrency economy was finalized on Friday, Aug. 31, as developers agreed to include the code for such a change into Ethereum’s next hard fork, Constantinople. Constantinople is designed to increase efficiency and lower transaction fees on the blockchain. It’s a protocol upgrade that seeks to smooth the transition ...

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