Crypto fund manager Grayscale Investments is accumulating Bitcoin at a rate equivalent to 150% of the new coins created by miners since the May 11 block reward halving. According to data published by independent crypto researcher Kevin Rooke, Grayscale has added 18,910 BTC to its Bitcoin Investment Trust since the halving, while only 12,337 Bitcoins have been mined since May 11. Binance CEO Changpeng Zhao reposted the chart, commenting: “There isn't enough new supply to go around, even for just one guy”. Grayscale absorbs BTC supply Last week, Rooke estimated that Grayscale had been buying Bitcoin at a rate equal …

Food safety firm ZEGO is using blockchain to test products for residue of a deadly chemical tied to a recent $289 million Monsanto lawsuit, according to a press release published August 16. Earlier this month, Monsanto was fined $289 million in damages after a court ruled in favor of a plaintiff’s claims that the company’s use of a herbicide containing glyphosate had caused his cancer. ZEGO reportedly has a patent-pending blockchain system that would allow companies to test foodstuffs for glyphosate. The company says it had initially developed the solution to enable consumers to make better informed choices about the …