German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency Devaluation

German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency DevaluationOn Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro. Synbiotic’s chief executive officer, Lars Müller explained that the company decided to hedge with the leading crypto asset in order to protect the […]
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Televend’s Complex System of Telegram Drug Bots Swell as German Police Seize 9 Telegram Drug Channels

Televend’s Complex System of Telegram Drug Bots Swell as German Police Seize 9 Telegram Drug ChannelsDuring the last few months following the departure of the infamous Empire darknet market (DNM), a great number of DNM users have been flocking to alternative vendors. More recently, a new bot service on Telegram called Televend has been attracting tens of thousands of users and the service has grown colossal since it was first […]

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A System of Robot Drug Dealers on Telegram Allows People to Buy Illegal Products for Bitcoin

A System of Robot Drug Dealers on Telegram Allows People to Buy Illegal Products for BitcoinThere’s a new avenue darknet market (DNM) customers have found that allows them to purchase illegal wares 24 hours a day via a robot drug dealer hosted on Telegram. The platform dubbed ‘Televend,’ is an automated software program that peddles illicit narcotics for people paying with bitcoin and during the last few months, the complex […]

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Europe’s New ‘Seed-to-Shelf’ Cannabidiol Blockchain Tracking Tool

The Cannabinoid Association of the Netherlands has unveiled a blockchain-based CBD tracker for customers to trace a product’s journey from seed-to-sale.

Cannabidiol users concerned about the quality of their product in the EU can now trace the plant’s journey from when it was first planted in the fields to when it was sold in retail stores.

An Aug. 6 statement from the Cannabinoid Association of the Netherlands (CAN) revealed it would make a blockchain tool — CanCheck — free for consumers to track cannabidiol (CBD) products in the EU online. HempFlax, one of the group’s founding members, and Europe’s largest independent grower and processor of industrial hemp, will be one of the first to offer traceable CAN products.

CEO Mark Reinders said full traceability would help protect consumers as they could now “trace the production of hemp-derived cannabidiol products from shelf to seed.” 

Regulatory bodies in the EU recently determined that CBD would not be classified as a “food,” and was not subject to the same regulations.

Hemp across the globe

The seed-to-sale concept isn’t limited to CBD organizations in Europe. StrainSecure, a similar blockchain-based cannabis tracker based in North America, announced in January it would be providing DNA-based validation of medical cannabis products. Cannabis is legal in Canada for both recreational and medicinal purposes, but legality in the United States varies state-to-state.

Uruguay, the first country in the world to completely legalize cannabis production and sale, was also one of the first countries with a supply chain tracker using blockchain Aeternity.

Cannabis and crypto

In September, Berkeley City Council member Ben Bartlett used Bitcoin Cash (BCH) and the stablecoin Universal Dollar (UPUSD) to purchase cannabis at a local dispensary. Cannabis is now legal across California, with many dispensaries now accepting Bitcoin (BTC) as payment.

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Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale

Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token SaleChicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in order to get approval from the U.S. Securities and Exchange Commission (SEC). Ceres wants to launch a token that will be used for garnering equity, while the company also wants to launch a coin that can be used to […]

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