Porsche arranges acquisition finance loan on BBVA blockchain
BBVA has negotiated and closed a EUR150 million term loan for Porsche Holdings using blockchain technology. The transaction is the latest in a number of notable DLT-based deals conducted by the Spanish bank with corporate customers, including the arrangement of a EUR150 million syndicated...
Bain-Backed Crypto Startup Closes as Securities Laws Bite
The worst thing you can call a cryptocurrency project isn’t a "scam" or a "Ponzi scheme" -- although many have been called that. It’s a "security."
By casting digital assets in with stocks and bonds, the more stringent rules governing those traditional asset classes will...
Unabashed Bitcoin Bull Thomas Lee Says the Market Is Wrong
Back in May, Thomas Lee, head of research at Fundstrat Global Advisors was predicting a rally to $25,000 by the end of the year. And despite things not playing quite in his favor -- the cryptocurrency is currently trading below $3,400 -- he’s sticking...
Hackers Ramp up Attacks on Mining Rigs Before Ethereum Price Crashes Into the Gutter
Hackers have set off in motion a massive campaign that scans for Internet-exposed Ethereum wallets and mining equipment, ZDNet has learned today.
Attackers are scanning for devices with port 8545 exposed online. This is the standard port for the JSON-RPC interface of many Ethereum wallets...
Mike Novogratz Explains Why He’s Still All-In on Crypto
No one on Wall Street embraced cryptocurrencies with as much gusto as legendary trader Mike Novogratz. After Jamie Dimon called Bitcoin a “fraud”in September 2017, Novo, as he’s known, predicted, correctly, it would hit $10,000 and keep climbing. The former hedge fund manager and...
PayPal Launches Blockchain-Based Reward System for Employees
The company has launched an internal blockchain-based incentive platform for employees, Cheddar has learned. The initiative was built over a period of six months by about 25 people in PayPal's ($PYPL) San Jose-based innovation lab and launched in mid-November, according to Michael Todasco, the...