Connect with us

Blockchain

Todos Medical Now Accepting Cryptocurrency for the Purchase of Tollovid

Published

on


 Tollovid Daily™ through Coinbase Commerce

Cryptocurrency accepted include Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH) and Litecoin (LTC)

New York, NY & Tel Aviv, Israel, Sept. 19, 2021 (GLOBE NEWSWIRE) — (via Blockchain WireTodos Medical, Ltd. (OTCQB: TOMDF), a medical diagnostics and solutions company with comprehensive product offerings, announced that it is now accepting Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH) and Litecoin (LTC) as payment for the Company’s proprietary 3CL protease inhibitor wellness products Tollovid® and Tollovid Daily™. The Company is able to accept these forms of payments through its www.mytollovid.com website when purchasers select Coinbase Commerce as the form of payment at checkout.

“We believe strongly that everyone should take Tollovid to support their immune function during times of significant immune challenge and should be taking Tollovid Daily each and every day in order to maintain consistent, healthy immune function,” said Gerald E. Commissiong, President & CEO of Todos Medical. “The ability to accept widely utilized cryptocurrency is an important step as we broaden our marketing efforts around our novel 3CL protease inhibitor wellness products.”

Tollovid and Tollovid Daily are dietary supplement products that have both received Certificates of Free Sale from the U.S. Food & Drug Administration (FDA), authorizing the marketing and sale of these products in the United States. The FDA has allowed the Company to make two specific claims with regards to each product:

  1. Tollovid and Tollovid Daily help to support and maintain healthy immune function; and
  2. Tollovid and Tollovid Daily are 3CL protease inhibitors.

Tollovid is targeted to customers that need maximum immune support, whereas Tollovid Daily addresses customers that require or could benefit from daily immune support. Both Tollovid and Tollovid Daily can be purchased via subscription and now, utilizing cryptocurrency

Coinbase 2

For more information, please visit www.todosmedical.com. For more information on the Company’s CLIA/CAP certified lab Provista Diagnostics, Inc. please visit www.provistadx.com.

About Todos Medical Ltd.

Founded in Rehovot, Israel with offices in New York City, Todos Medical Ltd. (OTCQB: TOMDF) engineers life-saving diagnostic solutions for the early detection of a variety of cancers. In 20201, Todos completed the acquisition of U.S.-based medical diagnostics company Provista Diagnostics, Inc. to gain rights to its Alpharetta, Georgia-based CLIA/CAP certified lab currently performing PCR COVID testing and Provista’s proprietary commercial-stage Videssa® breast cancer blood test. The Company’s state-of-the-art and patented Todos Biochemical Infrared Analyses (TBIA) is a proprietary cancer-screening technology using peripheral blood analysis that deploys deep examination into cancer’s influence on the immune system, looking for biochemical changes in blood mononuclear cells and plasma. Todos’ two internally-developed cancer-screening tests, TMB-1 and TMB-2, have received a CE mark in Europe. Todos is focused on the commercialization of Videssa and will bring the TBIA tests to market thereafter.

Todos has entered into a joint venture with NLC Pharma targeting diagnostic and testing solutions to address the COVID-19 pandemic. The Joint-Venture is pursuing the development of diagnostic tests targeting the 3CL protease, as well as 3CL protease inhibitors that target a fundamental reproductive mechanism of coronaviruses. The Company’s proprietary therapeutic candidate Tollovir™ is currently in a Phase 2 clinical trial to treat hospitalized COVID-19 patients in Israel, and is preparing to initiate Phase 2/3 clinical trials for both hospitalized and non-hospitalized patients in Israel.

Todos is also developing blood tests for the early detection of neurodegenerative disorders, such as Alzheimer’s disease. The Lymphocyte Proliferation Test (LymPro Test™) is a diagnostic blood test that determines the ability of peripheral blood lymphocytes (PBLs) and monocytes to withstand an exogenous mitogenic stimulation that induces them to enter the cell cycle. It is believed that certain diseases, most notably Alzheimer’s disease, are the result of compromised cellular machinery that leads to aberrant cell cycle re-entry by neurons, which then leads to apoptosis. LymPro is unique in the use of peripheral blood lymphocytes as a surrogate for neuronal cell function, suggesting a common relationship between PBLs and neurons in the brain.

Todos is also distributing certain (COVID-19) testing materials and supplies to CLIA-certified labs in the United States. The products cover multiple suppliers of PCR testing kits, extraction kits, automation materials and supplies, as well as COVID-19 antibody and antigen testing kits.

For more information, please visit https://www.todosmedical.com

Forward-looking Statements

Certain statements contained in this press release may constitute forward-looking statements. For example, forward-looking statements are used when discussing our expected clinical development programs and clinical trials. These forward-looking statements are based only on current expectations of management, and are subject to significant risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including the risks and uncertainties related to the progress, timing, cost, and results of clinical trials and product development programs; difficulties or delays in obtaining regulatory approval or patent protection for product candidates; competition from other biotechnology companies; and our ability to obtain additional funding required to conduct our research, development and commercialization activities. In addition, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; delays or obstacles in launching our clinical trials; changes in legislation; inability to timely develop and introduce new technologies, products and applications; lack of validation of our technology as we progress further and lack of acceptance of our methods by the scientific community; inability to retain or attract key employees whose knowledge is essential to the development of our products; unforeseen scientific difficulties that may develop with our process; greater cost of final product than anticipated; loss of market share and pressure on pricing resulting from competition; and laboratory results that do not translate to equally good results in real settings, all of which could cause the actual results or performance to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Todos Medical does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting Todos Medical, please refer to its reports filed from time to time with the U.S. Securities and Exchange Commission.

Richard Galterio
Todos Medical, Ltd
732-642-7770
rich.g@todosmedical.com

Todos Medical Now Accepting Cryptocurrency for the Purchase of Tollovid 1

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://e-cryptonews.com/todos-medical-now-accepting-cryptocurrency-for-the-purchase-of-tollovid/

Blockchain

Binance USD (BUSD): A Case Study for Stablecoin Compliance and Security

Published

on


Binance USD (BUSD) has become one of the fastest-growing cryptocurrencies in the world, with a variety of use cases and growing demand amid the continued growth of the crypto markets. A key component to BUSD’s success is its unwavering compliance to the world’s most stringent regulatory standards, ensuring safety and security for all of the stablecoin’s users.

Stablecoins have emerged as major players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency terms. These cryptocurrencies, whose market values are pegged to the worth of certain assets like the U.S. dollar, have also been important assets in the growth of decentralized finance (DeFi). There is $120 billion worth of stablecoins in circulation as of September 1, according to CoinMarketCap.

Amid the rise in demand for stablecoins, various segments of the crypto industry have brought up questions about the veracity of the 1:1 peg of major stablecoins to their backing assets, like the U.S. dollar and other fiat currencies. After all, if the issuers of stablecoins are not able to show that each unit of their tokens can be exchanged for the equivalent amount of the backing asset, there will be serious doubts about the credibility of these tokens, resulting in adverse market effects.

Therefore, when Binance launched BUSD with Paxos in 2019, utmost importance was put towards making sure that every unit of the stablecoin can be verifiably backed with U.S. dollars, therefore giving its users peace of mind and giving more credibility to a stablecoin industry beset by trust issues.

BUSD: A Case Study of Stablecoin Compliance and Safety

BUSD is a 1:1 U.S. dollar-backed stablecoin regulated by the New York State Department of Financial Services (NYDFS), issued by Paxos, a regulated blockchain infrastructure platform. Since then, BUSD has emerged as the third-biggest stablecoin in the world, with a market cap now above $12 billion and a user base of about 1.1 million people.

As a result of BUSD becoming the stablecoin of choice for millions of cryptocurrency users, we see a number of characteristics that show the merits of having a stablecoin that has prioritized user safety and compliance to regulatory and public standards.

1. Actual, Audited, and 100% Cash and Cash-Equivalent Reserves

As mentioned above, BUSD is one of few stablecoins in the world backed with actual cash. According to a current reserve report from Paxos, 100% of BUSD’s total market capitalization is backed by cash and cash equivalent reserves.

The issuance of Paxos provides a glimpse of the lengths that Binance has gone to ensure that BUSD is an above-board crypto-financial product. BUSD is one of the few stablecoins that provides monthly audited reports of reserves. Everyone can independently verify at specific points in time that the entire supply of BUSD tokens is consistent with USD in reserve accounts at U.S. banks held and managed by Paxos.

Ultimately, the audits and measures that are implemented to verify BUSD’s asset holdings solve one of the main concerns by regulators regarding the existence of actual reserves that back stablecoins.

2. Regulatory Trust and Insurance

With stringent measures such as the aforementioned monthly audits, BUSD adheres to the highest compliance standards, particularly by NYDFS, regarded as one of the most stringent when it comes to compliance requirements.

Why is having a regulator essential to the stablecoin business?

In August 2020, BUSD became “Greenlisted” by the NYDFS, making it pre-approved for custody and trading by any of the NYDFS’ virtual currency licensees.

Unlike most stablecoins that claim to be compliant, the BUSD business and its issuer Paxos are regulated by NYDFS, This means:

-The value of each stablecoin token is tied directly to the value of the US dollar, and the amount of “reserve” dollars equal or exceed the number of stablecoins outstanding.

-Regulators are overseeing the establishment and maintenance of reserves backing the stablecoins.

-Reserves may only be held in the safest forms, such as FDIC-insured bank accounts and in short-term maturity US Treasury instruments.

-Reserves are fully segregated from corporate assets, specifically for the benefit of token holders, and are held bankruptcy remote pursuant to the New York Banking Law.

Regulatory oversight is important because it assures stablecoin users that the dollars underlying their stablecoins are secure and will be immediately available when they want them. The NYDFS ensures the Trust companies, like Paxos, and their individual tokens are following its strict rules at all times.

3. Growing Use Cases

In less than two years since its debut, BUSD has become one of the fastest-growing cryptocurrencies while featuring a variety of utilities, from trading to lending and payments.

Stablecoins like BUSD play a critical role in the world of decentralization and in providing a solid foundation for the continued growth of DeFi (decentralized finance). BUSD is widely used in Binance Smart Chain (BSC) and Ethereum when it comes to trading, lending, and other scenarios. According to the BSC Project, there are currently more than 400 decentralized applications that support BUSD. On April 21, 2021, the single-day transfer amount of BUSD reached a peak of $261 billion, across 737,000 transactions on BSC.

The combination of ample regulatory compliance, trading volumes, and user interest in BUSD presents a case where private-driven financial innovation via blockchain technology can be pursued while staying compliant with user protection mandates stipulated by the world’s top regulators.

Why Strive for Compliance?

The rise in stablecoins has sparked discussions by regulators regarding the challenges they potentially pose to money markets. Making sure that each unit of a stablecoin can be exchanged for an equivalent unit of its backing asset is a matter of public interest, because deficiencies related to that characteristic can lead to general mistrust in the crypto markets. In the long term, the overall cryptocurrency industry suffers if these concerns aren’t addressed.

With BUSD’s emphasis on compliance, we can safeguard the trust of both users and regulators in stablecoins, while opening opportunities for the private and public sectors to cooperate in establishing stablecoins as an important asset class in the global economy. When more stakeholders show acceptance to stablecoins, particularly trusted ones like BUSD, more avenues for growth opportunities open up.

Ultimately, it takes global cooperation to realize crypto mass adoption, and therefore a better global financial framework. At Binance, we believe in facilitating this in a healthy way, through proactively collaborating with local regulators and leading the industry to a common destination: to benefit and protect users. In a recent virtual press conference, Binance CEO Changpeng “CZ” Zhao said, “Our view is that it’s great for the regulators to be coming in… to get to 10%, 20%, 80%, 99% [crypto] adoption.”

Therefore, it is important for us to maintain BUSD’s status as one of the world’s safest and most compliant stablecoins, for the sake of long-term progress in the industry.


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.


Listen to the latest Bitcoin.com Podcast:

Tags in this story

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://news.bitcoin.com/binance-usd-busd-a-case-study-for-stablecoin-compliance-and-security/

Continue Reading

Blockchain

XRP Lawsuit: XRP Holders approach the court regarding the expert discovery extension dispute

Published

on

The latest development in the XRP lawsuit saw Attorney Deaton write to Judge Torres on behalf of Movants (XRP Holders) to consider the community’s “meaningful perspective” to aid the Court in “reach[ing] a proper decision” in Expert discovery deadline extension dispute. The letter noted that while the court formerly denied Movants’ Motion to Intervene in lieu of SEC’s argument that it will “hopelessly delay” the final verdict, the plaintiff now itself is appealing for a two-months delay with the extension.

XRP Holders appeal access to their funds

Deaton’s letter also refers to Ripple’s opposition to the commission’s expert discovery deadline extension request. According to the letter, Ripple’s argument regarding the “freezing” of XRP markets within the United States impacts Ripple, however, it also directly impacts the XRP holders. Deaton cited Ripple’s argument that “nearly every digital asset exchange in the United States” has de-listed or suspended trading of XRP, leaving XRP holders helpless.

Furthermore, a large sum of XRP Holders holds XRP in retirement brokerage accounts, which have also been “frozen” because of the SEC’s claims, alleging XRP to be an unregistered security. XRP holders are unable to touch their funds in any manner, including the inability to withdraw, due to the ongoing lawsuit.

“The lack of liquidity within the United States, coupled with the mass de-listings prevents XRP Holders from trading, selling, transferring, or converting their XRP. It is because of this de facto in place seizure of their property that XRP Holders took the extraordinary step to seek intervention as defendants… Any delay in the underlying action marks yet another day XRP Holders do not have access to their funds.”

Ripple opposition letter mentions frozen XRP markets

Following the SEC’s letter seeking a two-month extension of the Court-ordered expert discovery deadline, Ripple filed an opposition letter on October 18, requesting the court to deny SEC’s extension appeal to prevent further delay in the final verdict. Ripple asserted that extending expert discovery to January 2022 will “unduly prejudice” Ripple and continue to “freeze” XRP markets in the United States.

advertisement

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://coingape.com/xrp-lawsuit-xrp-holders-approach-the-court-regarding-the-expert-discovery-extension-dispute/

Continue Reading

Blockchain

MDT announces data oracle for bridging capital market and DeFi

Published

on

The oracle will allow developers in the decentralised finance sector to securely integrate off-chain trading data

Decentralized data exchange network Measurable Data Token (MDT) has unveiled a financial data oracle set to bridge traditional finance and decentralised finance (DeFi).

The blockchain-based service is dubbed Measurable Finance (MeFi) and will offer the secure connection developers need when accessing external data for use on-chain, the platform said in a press release.

With the MeFi in place, the blockchain community can safely navigate between smart contracts and traditional finance markets, with functionality enabled for Ethereum and via testnets.

The MeFi interface will allow developers to source reliable, real-time trading data from across the markets, including from global exchanges such as the New York Stock Exchange (NYSE), the Hong Kong Stock Exchange (HKEX) and Nasdaq.

Why are oracles important?

Oracles offer a decentralised network through which blockchain users can access real-world data and connect it to smart contracts on the blockchain. Growth within the crypto sector continues to see more and more data come on-chain.

To ensure security and authenticity, oracles such as MeFi and those accessed via Chainlink (LINK), among other networks, are proving very essential to developers.

For MDT, the main target is to bring decentralised data-sharing services to the marketplace. Once the ecosystem is in place, the team hopes its usage in DeFi will help projects achieve mainstream adoption.

MDT also wants to explore the possibility of giving decentralised application (dApps) developers access to key data such as financial earnings reports, derivatives and exchange-traded funds (ETFs).

Data is like the superpower in the capital markets. If DeFi is to go mainstream, DeFi innovations and Dapps have to connect with the external context,” MDT co-founder Heatherm Huang said in a statement.

According to him, the platform’s MeFi service is like “Bloomberg on blockchain“, with its top-notch security protocols making it easy for users to toggle between on-chain smart contracts and off-chain capital markets.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://coinjournal.net/news/mdt-announces-data-oracle-for-bridging-capital-market-and-defi/

Continue Reading
Blockchain5 days ago

250,000 traders sign petition to add Shiba Inu (SHIB) on Robinhood

Blockchain5 days ago

APENFT Foundation’s Announcement on Adjusting the APENFT(NFT) Airdrop Strategy

Blockchain5 days ago

Paano Bumili at Magbenta ng CELO at cUSD sa mga Lokal na Exchanges sa Pilipinas

Blockchain4 days ago

Roman Holiday by Mucciaccia Gallery

Blockchain4 days ago

Sotheby’s showcases Paris Hilton and Pransky in new NFT platform

Blockchain4 days ago

Traders need to factor in these aspects when it comes to Solana’s price trajectory

Blockchain5 days ago

Possibilities Of Making Profits On Crypto Risk

Blockchain4 days ago

Steam Bans Games Which Include Crypto & NFTs, Whilst Epic Games ‘Welcomes’ Them

Blockchain5 days ago

Stripe Might Be Getting Back Into Cryptocurrencies After Dropping Bitcoin

Blockchain4 days ago

‘Ethereum Killer’ Polkadot Is Inching Its Way To The Top As It Gains 20% Over The Week

Uncategorized2 days ago

How to Get Lucky Online for St. Patrick’s Day

Blockchain2 days ago

New York’s AG Stays Busy, Two Crypto Platforms Shutdown Others Under Investigation

Blockchain2 days ago

Blockchain News Roundup: Coinbase is Launching a Marketplace For NFTs

Blockchain2 days ago

NY AG directs 2 crypto firms to shut down, investigates 3 others

Blockchain2 days ago

How Astra’s Decentralized Compliance Layer Fills a Legal Protection Gap

Blockchain2 days ago

This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4

Blockchain4 days ago

Over 160 projects will launch on Terra (LUNA) early next year

Blockchain2 days ago

New York joins crackdown on crypto lending, seemingly targeting Nexo and Celsius

Blockchain2 days ago

Dogecoin (DOGE) Correction Looks Complete, Shows Signs of Long-Term Upward Movement

Blockchain4 days ago

The Fragility of Passive Crypto Income Models, and How To Make Them Work

Trending