Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Tag:

Corruption

Decrypt logo
Crypto Trends

Philippines Turns to Blockchain After Mass Protests Over Corruption

by admin September 25, 2025



In brief

  • Integrity Chain, built by BayaniChain, logs DPWH contracts and milestones as digital assets validated by independent civic groups.
  • The launch follows protests on September 21, during which 130,000 people demanded accountability over $33 billion in alleged infrastructure corruption.
  • The project aims to rebuild trust using cryptography and open validation systems.

The Philippines has launched a blockchain-based transparency system for its Department of Public Works and Highways after mass protests over alleged corruption in flood-control projects worth billions.

Integrity Chain, developed by BayaniChain Ventures, was unveiled on Wednesday as a platform to record DPWH contracts and project milestones on a tamper-proof ledger.

The goal is to turn “government records into digital public assets that are immutable, verifiable, and openly validated,” BayaniChain CEO and co-founder Paul Soliman told Decrypt.

Once expanded from the DPWH to other agencies, the initiative could later help “protect the entire annual budget of the Philippines,” estimated at roughly $98 billion, he said.



The project is part of a broader effort “to reshape accountability across every department and every peso spent,” making accountability “permanent, measurable, and unavoidable,” Soliman said.

“Public trust will be rebuilt not on promises, but on cryptography, open validation, and a system where citizens themselves can verify outcomes,” he added.

The rollout comes in the wake of mass protests drawing an estimated 130,000 people on September 21, which marked the 53rd anniversary of martial law declared by former President Ferdinand Marcos Sr., father of the current president. The declaration is remembered for widespread human rights abuses, censorship, and corruption.

Protests demanded accountability after revelations of overpriced contracts, substandard construction, and ghost projects in the country’s flood-control program under the DPWH’s oversight.

Over $33 billion was allocated to flood-control projects across 15 years, according to the Australian Institute of International Affairs.

On-chain civic accountability

Similar to an earlier implementation at the Department of Budget and Management, Integrity Chain ingests data directly from DPWH systems, minting each contract, budget release, and project milestone as a digital public asset.

Prismo, the orchestration layer, manages data handling, encryption, and validation. The platform runs on Polygon’s Proof-of-Stake network, an Ethereum-compatible scaling solution that serves as its consensus and transparency layer.

The records are then cryptographically time-stamped and anchored on-chain before reaching independent validators, so that “any attempt to withhold or manipulate information becomes visible rather than hidden,” Gelo Wong, chief growth officer and co-founder at BayaniChain, told Decrypt.

Validators include independent civic organizations, non-governmental organizations, universities, and media groups, among other sectors. These validators would review and attest to the entries, with their own actions logged as public records to maintain accountability.

Keys for validators are “hardware-secured, rotated periodically, and assigned to reviews through randomization,” with each validator action “recorded on-chain as its own public asset, ensuring that misconduct or bias is transparently logged,” Wong explained.

Asked about safeguards, Wong pointed to the framework’s one-organization-one-vote model, which prevents any sector from dominating the process. More than 40 non-governmental organizations participated at launch, providing a “wide and diversified base of civic accountability,” he added.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

September 25, 2025 0 comments
0 FacebookTwitterPinterestEmail
Elizabeth Warren Slams Trump’s WLFI Venture as ‘Corruption’
Crypto Trends

Elizabeth Warren Slams Trump’s WLFI Venture as ‘Corruption’

by admin September 3, 2025



Senator Elizabeth Warren has continued her ongoing criticism of Donald Trump, expressing her disdain over the family’s crypto activities.

Summary

  • Elizabeth Warren calls Trump’s WLFI venture “corruption” in response to his family’s crypto fortune of $5 billion.
  • WLFI’s price has continued to fluctuate, with the market cap currently at $5.61 billion.
  • Warren recently criticized the current crypto regulations, calling them ineffective and accusing them of benefiting Trump’s business interests.

Democrat member and representative of the state of Massachusetts, Senator Elizabeth Warren, has criticized the Trump family’s involvement in the newly launched World Liberty Financial (WLFI) token. In a September 2 X post, Warren slammed the venture, describing it as “corruption, plain and simple.”

The latest comment from Warren follows the recent trading debut of WLFI, a Trump-backed cryptocurrency, which briefly pushed the family’s stake including more than 22 billion tokens held through DT Marks DEFI LLC to a paper value of over $5 billion. This marked the biggest single-day jump in the family’s fortune and at its peak, made WLFI the family’s most valuable asset, surpassing even their long-standing real estate portfolio.

However, the multi-billion-dollar valuation is not entirely real money, as it is based on WLFI’s price surge from at launch to $0.46. The figure has also since dropped due to the token’s volatile price movement. Despite an initial surge on Monday, WLFI has been struggling in the past two days, as buying pressure faded and the market showed increasing signs of sell-offs, pushing its value to a low of $0.20.

While it briefly climbed to $0.24 on Tuesday, the token could not hold the upward trend, and the price soon dipped again. At the time of writing, WLFI trades at $0.22, a 5% drop on the day, with its market cap hovering around $5.61 billion.

Elizabeth Warren’s continued criticism of Trump’s crypto ventures

This is not the first time Senator Warren has expressed concerns about Trump’s crypto-related ventures. She has long been a vocal critic of crypto and has consistently criticized Trump’s involvement in the industry. Warren previously raised alarms over proposed crypto regulations like the GENIUS stablecoin act and the Digital Asset Market Clarity (CLARITY) Act, calling them too lenient.

“We need strong crypto regulation, not an industry giveaway that puts our economy at risk and supercharges President Trump’s corruption,” Warren said in an earlier statement. She emphasized the need for robust regulation and went so far as to call for bans on elected officials from trading or engaging in crypto businesses, citing Trump’s ties to the industry.

Meanwhile, Warren’s criticism is not just focused on WLFI but the broader influence of crypto on U.S. politics. She warned that ineffective regulations would allow politicians, like Trump, to profit off their industry connections, resulting in conflicts of interest that could distort the market.

The senator is not the only one to express concerns regarding Trump’s involvement in crypto. Her sentiments have been shared by other influential figures, who also warn that his dual roles in politics and crypto-related ventures could manipulate the market.

However, the White House has dismissed these concerns, noting that the president’s business ventures and political activities are separate, and that no conflicts of interest are present.



Source link

September 3, 2025 0 comments
0 FacebookTwitterPinterestEmail

Categories

  • Crypto Trends (1,098)
  • Esports (800)
  • Game Reviews (767)
  • Game Updates (906)
  • GameFi Guides (1,058)
  • Gaming Gear (960)
  • NFT Gaming (1,079)
  • Product Reviews (960)

Recent Posts

  • The Far Lands! Over 14 years later, the edge of a Minecraft world has been reached
  • Mad Max Director George Miller Makes Silly Pro-AI Comments
  • Indiana Jones and the Great Circle gets New Game Plus and new ending in update celebrating MachineGames anniversary
  • The Fastest Trick For Earning XP And JP In Final Fantasy Tactics Involves Frogs
  • Absolum Review – The Sweet Spot

Recent Posts

  • The Far Lands! Over 14 years later, the edge of a Minecraft world has been reached

    October 10, 2025
  • Mad Max Director George Miller Makes Silly Pro-AI Comments

    October 10, 2025
  • Indiana Jones and the Great Circle gets New Game Plus and new ending in update celebrating MachineGames anniversary

    October 10, 2025
  • The Fastest Trick For Earning XP And JP In Final Fantasy Tactics Involves Frogs

    October 10, 2025
  • Absolum Review – The Sweet Spot

    October 9, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • The Far Lands! Over 14 years later, the edge of a Minecraft world has been reached

    October 10, 2025
  • Mad Max Director George Miller Makes Silly Pro-AI Comments

    October 10, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close