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Recent hacks might suggest Web3 is not that secure. Really?

A complete switch to Web3 will require careful consideration of many factors, especially when you consider the promises of decentralised internets using public blockchains. Security is the most important feature of all, as Web3-powered tools and apps hosted on the blockchains become more and more mainstream. Although the blockchains are indeed invulnerable to hackers (except …

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PepsiCo partners with Security Matters, a blockchain-based firm for plastic recycling

PepsiCo Labs announced that it would collaborate with six startup companies to improve sustainability within its European supply chains. Security Matters, one of the startups mentioned, utilizes blockchain technology to sort, identify and package waste. PepsiCo plans to use Security Matters’ invisible marker system for waste sorting in order to verify its sustainability claims and …

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Greek Blockchain specialists develop a genetic barcode that protects against fraud in olive oil production

A team of experts in biotechnology and blockchain from Greece has used olive oil DNA to create a unique genetic barcode that is fraud-proof for every bottle. BioCoS is a Crete-based biotech firm that develops DNA-based traceability options for food products. It has created DNAblockchain, an antifraud traceability tool and claims it will ensure the …

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SmartLedger and Rick Dutchcousin announce entertainment blockchain education initiative

This initiative will empower content creators to create new revenue streams, engage directly with fans and protect their intellectual property. SmartLedger – Rick Dutch Cousin, the leading global blockchain distribution channel and prolific writer, composer and producer announced today a new initiative that aims to educate and empower artists, musicians and content creators on the …

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Superintendent Adrienne A. Harris announces new DFS regulatory guidance on the issuance U.S. dollar-backed stablecoins

Superintendent Harris said that New York State Department of Financial Services approved the first USD-backed stablecoins for issuance in New York in 2018. Since then, regulated entities must meet strict reserve requirements and perform routine attestations in order to ensure stability and protect the consumers. The new guidance notably states that clear, conspicuous redemption strategies …

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Reliability of the crypto industry in difficult situations

Reliability of the crypto industry in difficult situations

The Crypto / Blockchain industry is a complicated set of era portions which can be nevertheless maturing and growing, so it’s not strange that it is mischaracterized along the way. What simply befell UST / Terra is now no longer a symptom of a systemic matter. It became a simple task. But considering that the entirety is interconnected, there may be a reason for issue due to the fact …

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Gartner foresees Criminal Cryptocurrency Transactions will fall by 30% by 2024

Gartner foresees Criminal Cryptocurrency Transactions will fall by 30% by 2024

3 key messages: * Cryptocurrencies and blockchains are safer than legacy payment networks, contrary to popular belief. * Gartner projects that successful ransomware and cryptocurrency thefts will decline by 30% in the next three-years. * This positive trend is due to four key factors: transparency, emerging intelligence market, government’s involvement, virtual asset services providers responsibility …

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UK will test blockchain technology in traditional market activities

UK will test blockchain technology in traditional market activities

The UK Finance Ministry has announced on Tuesday that it will begin live testing of blockchain technology in traditional market activities such as settlement and trading stocks and bonds. Gwyneth Nurse, director-general of the ministry for financial services said that distributed ledger technology (DLT), enabling crypto assets, was a priority to make finance market infrastructure …

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