From Jan. 29 to 30, Tehran hosted the eighth annual conference on Electronic Banking and Payment Systems, which was promoted by the Monetary and Banking Research Institution, the research arm of the Central Bank of Iran (CBI). Among the announced topics under the theme of the “Blockchain Revolution,” it was the unveiling of the Iranian plan for…
The US Food and Drug Administration is very focused on ensuring that all the products that they regulate are safe and of high quality. The agency is finding ways to ensure that no corrupt or illegitimate drugs find their way to hospitals and pharmacies. The FDA, in an attempt to identify and trace certain prescription drugs as they are distributed within the United States, announced the launch of a new pilot project which will allow them to explore ways to track them.
“We recognize that tracking and tracing products, is critical to industry’s ability to detect and remove potentially dangerous drugs from the drug supply chain,” said Scott Gottlieb, the FDA commissioner in a press release. “We’re invested in exploring new ways to improve traceability, in some cases using the same technologies that can enhance drug supply chain security, like the use of blockchain.”
FDA has recruited Frank Yiannas, an expert on the use of traceability technology in the global food supply, to advance these efforts. Yiannas is expected to work with Gottlieb to strengthen US food supply. “Under his [Yiannas’s] leadership, we’ll continue to leverage all tools available to ensure greater accountability,” said Gottlieb.
Though the FDA isn’t specific about what technology companies would use to explore and evaluate methods to enhance the safety and security of the pharmaceutical distribution supply chain, it considers blockchain as one such solution. Blockchain will provide a secure, distributed ledger that will help trace the drugs’ path from the production to any pharmacy or a hospital. It will also help identify any anomaly in supply chain and the source of such an anomaly within seconds.
Gottlieb said that the FDA is committed to being at the forefront of new and emerging technologies and ensure how they might be used to create safer, smarter and more trusted supply chains to protect consumer safety better. FDA will be accepting the application for participation until March 11, and the electronic, interoperable system is expected to be up and running by 2023.
Many companies recently have adopted blockchain and Distributed Ledger Technology (DLT) to improve security and safety in the supply chain. Recently, environmental group World Wildlife Federation (WWF) Australia joined hands with BCG Digital Ventures (BCGDV) to launch a Blockchain based platform to minimize the illegal and unethical sourcing of food and other animal products. Last year Carrefour, a popular retail operator in France, started a blockchain food tracking platform to oversee the quality and origin of chickens in their supply chain.
The post The US Food and Drug Administration Plans to Use Blockchain to Track Drug Supplies appeared first on CryptoNewsZ.
The team at Mozilla have released a series of bug updates that hint they are getting closer to implementing code to block cryptomining and fingerprinting on the Firefox browser. As reported by the Block and BleepingComputer, the new feature will protect users from possible fingerprinting and crypto-jacking attacks that utilize CPU resources to mine cryptocurrencies without the consent of the user.
An exact time-frame for the full implementation has not been given by the team at Mozilla but the need for such security features had been identified by the team as early as May last year. At that time, many users of the browser expected Firefox 63 to have the improved privacy and protection features. The current Version 65 of the browser was released late January this year and has some enhanced tracking protection. This is an indicator that the features are gradually being implemented by the team.
About Crypto Jacking In the past few months, there has been numerous incidences of millions of computers falling victim to cryptojacking. One incident involved the government websites in India being illegally used to mine cryptocurrencies. The main culprit is cryptomining malware that gains control of a computing device or website and continues to use its computing power to mine cryptocurrencies.
About Fingerprinting Our physical fingerprints are unique to us and make up majority of the bio-metric information that is part of the records used by our governments to issue identification cards. When it comes to the internet, there is also a digital fingerprint we make with each click.
In a nutshell, our activities on the web are not entirely anonymous. As more users become aware of this fact, the need to ward off tracking cookies continues to grow and has spurred the growth of privacy-centered browsers such as Brave. An individual’s digital fingerprint is made up of tiny bits of personal information that is 100% distinct/unique. Some of this information is possessed by countless corporate entities and can be used to track an individual without their consent.
What are your thoughts on the lack of privacy on the internet and the increment of crypto-jacking cases? Can internet privacy be achieved with blockchain technology? Please share your ideas in the comment section below.
[Feature image courtesy of Mozilla]
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The mystery around embattled crypto exchange QuadrigaCX deepens, and Facebook acquires a blockchain startup.
Top Stories This WeekFacebook Reportedly Acquires Blockchain Startup in First Blockchain-Related Acquisition
Social media network Facebook has reportedly acquired blockchain startup Chainspace in its first apparent blockchain-related acquisition. According to news outlet Cheddar, the acquisition is considered an “acquihire,” or an acquisition of a company made in order to get the skills or expertise of its staff, as opposed to the company’s service or products. According to Cheddar, four of the five researchers that worked on Chainspace’s academic white paper will be joining Facebook. Facebook had told Cheddar that it had not acquired any of Chainspace’s technology.
Leaked Mt. Gox Info Purports to Show $318 Million in Bitcoin, Bitcoin Cash on BitPoint
According to leaked documents reportedly showing the rehabilitation proceedings of defunct cryptocurrency exchange Mt. Gox, the ..
Where’s Ethereum DApp Usage? Decentralized applications (DApps) were long hailed as one of the leading use cases for blockchain technologies. Through smart contracts, whether it be on Ethereum, EOS, Tron, or otherwise, the worlds’ current processes could be put on a blockchain, thus creating a society built on decentralization.
But as it stands, adoption of such applications has been slim to none. This is far from hearsay, but cold, hard numbers. According to research done by LongHash, a leading crypto information resource, on February 1st, a mere 180 out of 1812 Ethereum DApps had associated ERC-20 transactions. Doing some quick napkin math, this equates to about 10%.
Actual activity statistics only accentuated that DApps aren’t poised to take over the world just yet. Far from. Per the same data set, 13% of the utilized applications had more than 100,000 transactions in the past 24 hours, while 19% had somewhere between 10,000 and 100,000 transactions. Although this isn’t shabby, especially considering the relatively low transactional throughout that Ethereum currently touts, there’s evidently a ways to go.
Although LongHash’s research pertained to data from February 1st alone, the seeming lack of activity on Ethereum applications was cemented by Kevin Rooke, a Canadian crypto researcher & industry commentator.
There are now 1375 live ETH dApps.
86% of them had 0 users today.
93% of them had 0 tx volume today.
Across all platforms there are now 1828 live dApps.
77% of them had 0 users today.
85% of them had 0 tx volume today. pic.twitter.com/jUHZYuhPTz
— Kevin Rooke (@kerooke) February 10, 2019
Rooke recently took to Twitter to claim that according to DApp Radar, 86% of live applications on the aforementioned blockchain had zero users on Saturday. Moreover, a mere 7% of DApps running on Ethereum had more than zero ETH in transaction volumes over the past 24 hours.
Bitcoin Economist Questions DApp Value Proposition The quantified lack of adoption quickly catalyzed a response from Saifedean Ammous, the world-renowned author of “The Bitcoin Standard,” an essential industry primer. Ammous, an advocate for Austrian Economics, questioned the value of decentralizing applications, noting that from a brief glance, he can tell that centralizing most, if not all of Ethereum’s on-chain apps would likely be logical.
Rooke somewhat begged to differ, remarking that gambling applications should prove themselves to be of some use, as it is “much more difficult for [the government] to regulate/shut them down.” He added:
Easy for gov’t to come after people running centralized gambling operations. Also open-source code means gamblers can be certain of the odds they’re getting.
Still, Ammous was adamant that even for gambling applications, such as Ethereum Dice and TronBET, it wouldn’t be illogical to use centralized hashing systems for RNG. Case in point, there are handfuls of centralized ‘provably fair’ systems that many gaming websites leverage.
Ammous remarked that governments have a hard time shutting down websites as is, especially due to the ease-of-access that domain providers offer to their clients. He added that “anonymous websites taking Bitcoin don’t have bank accounts,” hinting at his belief that centralized gambling websites that take BTC are just as viable as on-chain Ethereum DApps that accept ETH.
Title Image Courtesy of Descryptive.com via Unsplash The post Research: Mere 10% Of Ethereum (ETH) DApps Are Active Daily appeared first on Ethereum World News.
As the Year of the Earth Pig has come, it is time to look back at what happened during the previous year.
Happy Chinese New Year! As the Year of the Yellow Mountain Dog has drawn to a close, it is time to look back at what happened.
While there was a promising start in January 2018, when most altcoins were enjoying their all-time highs, the bear eventually took over, and the market delved into the so-called “Crypto Winter.” Nevertheless, there was good news, too: The United States regulators expressed their desire to stick to “positive regulation,” while big league investors poured some funds into a number of promising, compliant crypto projects (mostly stablecoins).
Here is what was happening month-by-month, along with the main takeaways.
January 2018Japanese crypto exchange Coincheck was hacked, overtaking the infamous 2014 Mt.Gox collapse — an industry-record-breaking $532 million worth of NEM tokens was stolen this time.
Despite the amount of damage, Coincheck has managed to stead..
Moshe Hageg’s lawyers claim that the white paper is a descriptive, non-binding document.
Moshe Hogeg, the Israeli entrepreneur behind blockchain firm Stox (STX), has denied misappropriating investors’ funds in a response to the lawsuit filed against him. Online newspaper The Times of Israel reported the development on Saturday, Feb. 9.
As Cointelegraph wrote earlier in January, Chinese investor Zhewen Hu has sued Stox and its founder for $4.6 million. Hu claims to have invested a total of around $3.8 million worth of Ethereum (ETH) in an open source, Ethereum-based prediction market platform.
According to the lawsuit, Hu’s anticipation was that the successful development of Stox’s prediction market platform would boost the value of the native STX token. However, the plaintiff believes that only $5 million of successfully raised $34 million went to fund Stox.
Moreover, Hu alleges that Hogeg used the rest of the amount to invest in other initial coin offerings (ICO) such as messaging ap..
Majority of the top 100 cryptocurrencies are in the red this Sunday. The only prominent digital asset that has not experienced any losses is Binance Coin (BNB) which seems to be riding a wave of excitement around a bunch of announcements made by Changpeng Zhao in a livestream a few days ago.
In the case of Tron (TRX) and BitTorrent (BTT), the two digital assets have continued to fumble in the markets with each exhibiting significant losses in the last 24 hours. TRX is currently valued at $0.0255 and down 6.13%. BTT is currently valued at $0.000742 and down 9.24% in value.
Airdrop and Justin’s Valentines Surprise A few days ago, Ethereum World News had postulated that Bitcoin (BTC) might rain on Tron and BitTorrent’s parade ahead of the airdrop event that has been scheduled for tomorrow, February 11th. However, Bitcoin pulled off a minor miracle on Friday by gaining a few hundred points to its current level of $3,647. Therefore, the King of Crypto cannot be blamed for the misfortune facing TRX and BTT despite two major events.
Firstly, the first BTT airdrop has been scheduled for block 6,600,000. The snapshot has been estimated to take place tomorrow, February 11th. This event had been hailed by investors and fans of both digital assets as the day to watch both cryptos do incredible gains in the crypto markets. This has not turned out to be true a few hours ahead of the airdrop. Perhaps with a new week, TRX and BTT will recover in value to the delight of investors.
Also to note is the Valentines Day surprise by Justin Sun. He made the announcement via twitter on the 5th of February as follows.
We'll have a secret campaign released on #ValentinesDay for #TRON and #BitTorrent! Numerous celebrities will be on board. FYI, one of the main character in #Friends, one winner of 3 #goldenglobeawards & one winner of 4 #SuperBowl titles. $BTT #BTT #TRX $TRX
— Justin Sun (@justinsuntron) February 6, 2019
Hints to Honor Hal Finney Justin has since given a few hints of the secret campaign by tweeting that the Valentines Day surprise will be in honor of Hal Finney. His tweet can be found below.
Our #ValentinesDay campaign is in memory of #HalFinney, the Cypherpunk, the early #bitcoin contributor, the first man to receive #bitcoins from Satoshi Nakamoto and the developer of Adventures of #TRON. @halfin https://t.co/M22en9ZfkR pic.twitter.com/mt709enTOr
— Justin Sun (@justinsuntron) February 9, 2019
Mr. Finney was a software developer who received the first Bitcoin transaction from Satashi Nakamoto. In 2009, Finney announced that he had been diagnosed with Amyotrophic Lateral Sclerosis (ALS) also known as Lou Gehrig’s disease. He lost the battle with the disease in 2014.
Justin has since retweeted a tweet from Finney about ALS that dates back to 2009.
ALSUntangled debunks lyme disease treatment for ALS http://bit.ly/AsDS9
— halfin (@halfin) September 8, 2009
Connecting the dots, it is highly likely that the Valentines Campaign will be geared towards ALS awareness, treatment and finding a cure.
What are your thoughts about the fall in value of both TRX and BTT ahead of the airdrop? Do you think the assets will recover in the coming weeks? What are your expectations of the the Valentines Day surprise? Please let us know in the comment section below.
[Feature image courtesy of Cowboyswire.USAToday.com]
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.
The post TRX and BTT Continue to Fumble Ahead of Airdrop and Justin’s Valentines Day Surprise appeared first on Ethereum World News.
Hester Peirce believes the lack of clear crypto regulation allows more freedom for the industry to come into its own.
A commissioner of the United States Securities and Exchange Commission (SEC) said Friday, Feb. 8, that the delay in establishing crypto regulation may allow more freedom for the industry to move on its own.
Heister Peirce, who is widely known as the “Crypto Mom” in the community for her dissent against the SEC’s decision to reject a Bitcoin exchange-traded fund (ETF) proposed by the Winklevoss twins, made the comments in a speech on the issues of state regulation at the University of Missouri School of Law.
Discussing the current delays in delivering a clearer legal framework for crypto, Peirce said that ambiguity is not that bad. She further explained:
“We might be able to draw clearer lines once we see more blockchain projects mature. Delay in drawing clear lines may actually allow more freedom for the technology to come into its own.”
The commissioner noticed that t..
A recap of NEM Foundation’s financial problems and why a complete organizational overhaul was necessary.
As part of the closing statements in an open announcement to the NEM community, the NEM Secretarial Office, which represents the voice of the NEM Foundation’s executive committee and council, said in “one final message for all” that the NEM Foundation community members knew before “is gone.”
The announcement was made in an effort to stay true to their commitment of transparency and pulled back the curtain on a number of sensitive issues, including an acknowledgement that the foundation is facing severe financial difficulties and a realization that the previous organizational structure failed.
A financial audit was reportedly done after the current NEM Foundation leadership team took office on Jan. 1, 2019, which revealed that they are running low on XEM (the native currency of the NEM blockchain platform) and fiat funds.
NEM Foundation’s financial situation has deteriorated to the ..