Shadow banks have revolutionized digital investing

The decentralization genie is out of the bottle

Shadow banks have revolutionized digital investingUnderneath all the media brouhaha and institutional focus on bitcoin, a struggle is brewing in the crypto world: which altcoin will pick up the baton? A fierce competition is underway for the podium, with Ethereum having a clear first-mover advantage. Bitcoin, as economists and investors such as Larry Summers and Ray Dalio have come around…

Canada’s crypto crackdown does a disservice to the market

Canada must emulate countries such as Liechtenstein and Malta, which adapted legislation in advance to attract crypto entrepreneurs

Canada’s crypto crackdown does a disservice to the marketThe Canadian cryptocurrency industry knew mainstream adoption would inevitably come with a regulatory load, especially after the 2019 collapse of the largest exchange at the time, QuadrigaCX. Participants, however, didn’t expect regulators to come with one of the most heavy-handed approaches possible. On March 29, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory…

Food inspectors getting tough on olive oil fraud

Food fraud affects many food categories, but stakes are a little higher with olive oil due to potential allergens in substitute ingredients

Food inspectors getting tough on olive oil fraudOlive production in Italy was hard hit last year due to an early frost. The country’s production dropped by 57 per cent. Greece and Portugal suffered similar fates, along with pest issues, and saw their production drop by 35 and 15 per cent, respectively. Short food supplies generate economically-motivated adulteration, that is, adding a inferior…

Grocers finally join the blockchain party and consumers should rejoice

The idea is to better manage food recalls, farm to fork and back, and to tackle the intricate issue of food fraud

Grocers finally join the blockchain party and consumers should rejoiceWalmart, the largest retailer in the world, recently notified its leafy green suppliers that they will need to use blockchain by the end of next year. Walmart is banking on its relationship with IBM to put pressure on the entire sector to comply with what consumers want from the food industry: more transparency. But others…