Alibaba, a large Chinese ecommerce company, has collaborated with PwC to develop a system to reduce food fraud using blockchain technology.
Nets, a Danish electronic payments provider, has teamed up with Chainalysis, an anti-money laundering software developer, to help banks validate Bitcoin transactions and comply with regulations.
Bitcoin popularity and its price surge has led to greater instances of frauds perpetrated through social media, according to a ZeroFOX report.
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