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Tag Archives: Mln

BBVA Signs $117 Mln Blockchain-Powered Corporate Loan

Banco Bilbao Vizcaya Argentaria (BBVA) has signed a new blockchain-based loan with civil engineering firm ACS Group, according to the BBVA’s official statement July 19. BBVA, a multinational Spanish banking group, signed an agreement with ACS to provide a long-term bilateral corporate loan of €100 million ($117 million). The new blockchain-powered loan contract will reportedly boost the efficiency in financial ...

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Nervos Network Blockchain Startup Secures $28 Mln From Sequoia China, Polychain Capital

Nervos Network, a Chinese blockchain startup founded by a former researcher and developer of the Ethereum Foundation, has announced today July 18, that it has raised $28 million to develop its enterprise blockchain solutions. According to a statement shared with Cointelegraph, Nervos has secured investment from a number of blockchain-related enterprises, including crypto hedge fund Polychain Capital and venture capital ...

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Bancor Creates Crime-fighting ‘Crypto Defenders’ as Scorn Over $12 Mln Hack Escalates

Self-styled “decentralized” exchange platform Bancor pledged to tackle cybercrime threats to cryptocurrency entities in a blog post July 12 as it resumed operations following a $12 mln hack this week. Summarizing the platform’s future plans in the post, co-founder Guy Benartzi also announced that Bancor’s internal tools that helped tracked its hacked funds would be made available to a wider audience. ...

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$10 Mln in Ethereum Stolen Over Past Year via Social Engineering Tricks

Kaspersky Lab’s security experts have found that cyber criminals were able to steal more than 21,000 in Ethereum (ETH) (worth around $10 million) through social engineering schemes over the past year, Cointelegraph auf Deutsch reports Thursday, July 12. According to a July 9 report, cyber criminals have triggered more than a hundred thousand alarms altogether on security software in connection ...

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Waves DEX Sees $5 Mln Volume, Crypto Traders Move to Decentralized Exchanges

Leading smart contracts blockchain Waves has initiated an overhaul of the design, user interface, and internal engine of its decentralized exchange to attract both casual and professional crypto traders. Benefits of Decentralized Exchanges In 2018, data privacy has become one of the most-widely discussed topics in both politics and the technology sector, primarily because of the Facebook and Cambridge Analytica ...

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Platform for Enterprise Blockchain Adoption Nets $45 Mln From A16ZCrypto, Binance

Blockchain cloud computing platform Oasis Labs announced July 9 that it has raised $45 mln from major investors as part of its plan to help companies adopt blockchain. In a press release, Oasis, which has University of California professor Dawn Song as its CEO and co-founder, described its plans to build a “decentralized internet” by resolving businesses’ “concerns” about implementing ...

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Czech Firm Reveals $100 Mln Venture Fund for Israeli Startups With ‘Emphasis’ on Blockchain

Investment banking firm Benson Oak revealed it would pump “around $100 mln” into Israel-based startups with an “emphasis” on blockchain, local Israeli news outlet the Jerusalem Post reported today, July 9. The Czech-headquartered giant’s subsidiary Benson Oak Ventures will focus specifically on the Israeli market. Having already raised $25 mln, a further $75 mln is expected, with the company expressing ...

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Overstock’s tZero Signs Letter of Intent for $160 Mln Security Token Investment

tZERO, a security token exchange and subsidiary of Overstock.com, has signed a letter of intent with investment company GSR Capital for the purchase of $160 million in tZERO Security Tokens, according to a press release published June 29. Beijing-based GSR Capital will reportedly purchase $160 million worth of tZero security tokens at a price of $10.00 per token, pursuant to ...

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