HashCash Consultants, a leading blockchain and cryptocurrency development company headquartered in the USA, has proposed and conceptualized a blockchain-powered pharmacology system to fight drug fraud. From unlawful kickbacks and large scale manipulation of clinical trials to outright fraudulence behavior targeting the FDA, failures to comply with good manufacturing practices, compounded drug fraud, and illegal drug switching, the pharmaceutical industry is regularly found to be engaged and targeted by fraud and illegal activities in a variety of ways.
Global banking juggernaut Wells Fargo recently announced that they will be utilizing blockchain technology for the very first time in a collaboration with HSBC Bank plc to run the netting settlement of matched foreign exchange transactions by using a shared settlement ledger to process US dollar, Canadian dollar, British pound sterling and Euro transactions with plans for future expansion already in the works.
Ricardo Navarro, one of El Salvador’s leading ecologists, has dire warnings for President Nayib Bukele’s plan to tap into geothermal energy to power Bitcoin mining operations saying the plan will “end in environmental disaster.”
Badger DAO, a decentralized finance project focused on Bitcoin built on the Ethereum blockchain network that allows users to earn. Passive crypto income, is the latest to be victimized by a hack with $120.3 million worth of Bitcoin and Ethereum stolen during a particularly nasty front-end attack.
Blockchain technology has started to permeate society in a variety of ways outside of being a leger for digital transactions. Recently, SLAFKA, the world’s first blockchain prototype for safeguarding nuclear materials, was awarded the third prize for Innovation in Global Security by the Geneva Centre for Security Policy under its Geopolitics and Global Futures program. Unveiled in March 2020, SLAFKA relies on blockchains immutable ledger to add layers of trust, efficiency, reliability, and transparency to the management and safeguards of nuclear material.
Proof of Work (PoW) mining has come under fire by Swedish financial and environmental regulators. A recent proposal was signed by both the Financial Supervisory Authority and the Environmental Protection Agency that points out many of the common but often misplaced fears about Bitcoin and cryptocurrencies.
Squid Game was a cultural and social phenomenon that swept across the world causing masses to binge the Netflix offering and inspiring a Squid Game Token that ended as poorly as Red Light, Green Light. As more details come to light regarding the Token associated with the killer game show, it’s a promising development to see Binance step up to the plate and take action against those responsible for the deception.
Privateum is the first and only legally protected private asset management token. The Privateum Initiative’s legal solution-based community platform enables and protects private asset management and secure crypto processing for their users. This game-changing app provides full legal protection over privacy as it relates to any crypto and non-crypto assets, transactions, and the goods and services available within the Privateum wallet.