The Securities Exchange Commission (SEC) has proposed a rule to authorize the creation of Natural Asset Companies (NACs), a new investment vehicle developed by the Intrinsic Exchange Group (IEG) in partnership with the New York Stock Exchange (NYSE). The purpose of NACs is to allow investors and governments to profit from the protection of natural resources. The proposed rule would allow federal lands, including national parks, to be enrolled in NACs, giving the NACs management authority over these assets. The Biden Administration is preparing to enroll federal lands into NACs and is adopting the United Nations System of Environmental-Economic Accounting to track the value of natural assets.
In the realm of finance, the concept of self-issued credit is being explored as a potential solution to the issues of scarcity and trust associated with traditional forms of money and currency. This system would allow market participants to issue IOUs that are later settled with goods and services, backed by the reputation of the issuer. This approach could potentially prevent manipulation from outside entities.
In the world of cybersecurity, Denmark’s critical infrastructure has been targeted in a coordinated attack compromising 22 energy organizations. The hackers exploited multiple vulnerabilities in Zyxel firewalls for initial access, executing code and gaining complete control over the impacted systems. The cybersecurity organization SektorCERT worked together with the victim organizations to apply the available patches and secure the compromised networks immediately after identifying the attacks.
In health news, a new preprint study has found billions of residual DNA fragments in COVID-19 mRNA vaccine vials. The DNA fragments detected included spike, ori, and SV40 enhancer genes. The presence of residual DNA in mRNA vaccines is concerning because it can be integrated into the human genome, potentially causing adverse effects and even cancer. The lead author emphasized the need for further research to investigate DNA contamination in COVID-19 vaccines and to determine the effects of DNA dosage on post-vaccination symptoms.
In China, the social credit system is expanding nationwide, but few are willing to criticize it due to the potential risk of a bad score. The increasing number of electric vehicle charging stations is putting a strain on the power grid, which may lead to power shortages during winter. The implementation of digital IDs and QR codes for access to stores is seen as a step towards a digital prison, similar to what is happening in China.
Finally, contrary to previous reports, the Financial Services Commission (FSC) in Belize has not issued legal guidance for the use and trade of virtual assets including cryptocurrency. Belize currently has no legal framework for virtual assets, inclusive of cryptocurrency. The FSC has not issued a law, regulations, or guidelines for these types of activities.