Blockchain Wallet May Launch $50M Venture Fund

The informed sources say that the fund plans to invest both in startups in tokens directly too
04 September 2019   1029

Blockchain, the largest provider of cryptocurrency wallets, intends to raise $ 50 million for the work of the Blockchain Ventures investment fund. It is reported by Yahoo Finance.

So, the company is allegedly already negotiating areas of work. The fund will invest not only in startups, but also directly in digital tokens, informed sources say. It will be headed by allegedly former Naspers Ventures top manager Samuel Harrison, on whose LinkedIn social network page he is already co-founder of Blockchain.com Ventures.

In addition, it also says that this fund, the existence of which was not previously known, had already invested in Origin Protocol, Coindirect, Sliver.tv and Nodle.

Earlier, Blockchain launched its own bitcoin exchange The PIT, saying that it will become the “fastest” trading platform among existing ones and will allow you to carry out transactions almost instantly.

The company raised totally $70M during 2 financial rounds, which was attended by Google Ventures, Virgin and Lakestar venture fund from Europe.

French Gendarmerie to Use Tezos Blockhain

Gendarmerie Cybercrime Division (C3N) is "validating judicial expenses" with Tezos blockchain
21 November 2019   71

The French Gendarmerie Cybercrime Division (C3N) uses the Tezos blockchain. The agency launched its first smart contract in September.

According to a press release, C3N uses blockchain to control the costs incurred during investigations.

Debuting on the Tezos network, this is one of the first examples of a government entity using a smart contract for operational purposes. The new program allows C3N to acquire cryptocurrency from Europol-allocated funds in order to cover operational costs.
 

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The new program also allows C3N to purchase cryptocurrency with funds allocated by Europol to cover operating expenses.

The statement noted that the smart contract was specifically designed so that C3N confirms costs without the risk of disclosing operational activities and problems for ongoing investigations.