• Fake doctor, fake drugs
    Asia & Australia,  Technology

    Blockchain may offer solution to deadly distribution of fake pharmaceuticals

    Fraudulent and substandard drugs kill hundreds of thousands of children every year in developing countries

    On Jan. 31, China’s Chongqing Yuzhong District Food and Drug Administration announced that it was partnering with a local blockchain firm, Prime Chain Network, to combat fake and expired prescription drugs.

  • typewriter
    Alt coins,  Bitcoin,  Ethereum,  Media,  United States

    Must-reads for September 27, 2018: Fake volume, low volume, and other bad choices

    Here are the crypto stories you should be watching today

    Crypto’s Open Secret: Its Multibillion-Dollar Volume Is Suspect (Bloomberg via Yahoo Finance) Nearly two months ago, we wrote about BitForex, the Singapore-based exchange with suspicious trade volumes and a horrible logo. Bloomberg has finally caught up to Modern Consensus and they have some more details about it. Why would BitForex do it? “Transaction mining, also known as trade mining, is a controversial practice. On BitForex, users earn the equivalent of $1.20 in digital tokens issued by the exchange for every $1 they pay in transaction fees. It’s a system that critics say is tailor-made to encourage wash trading — in which a trader, or a team of traders, buy and…