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RIP ICOs: Blockchain startups receive $3.9B funding the old fashioned way

Oct02
by on October 2, 2018 at 10:02 am
Posted In: Around the Web, cryptocurrency, Hard Fork


Despite 70 percent of ICOs being worth less than they initially raised, venture capital (VC) firms are still ramping up blockchain investments. Already, traditional investors have sunk $3.9 billion into new blockchain and cryptocurrency businesses in 2018. Not only has the number of deals struck between VCs and blockchain startups effectively doubled in the past 12 months, but the average deal size has increased by $1 million, blockchain research group Diar reports. Altogether, the $3.9 billion being funneled into blockchain and cryptocurrency startups represents a 280-percent rise on funding over the last year. While there is certainly a lot of…

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a couple of laughzillas on a blue diamond background

RIP ICOs: Blockchain startups receive $3.9B funding the old fashioned way

Oct02
by on October 2, 2018 at 10:02 am
Posted In: Around the Web, cryptocurrency, Hard Fork


Despite 70 percent of ICOs being worth less than they initially raised, venture capital (VC) firms are still ramping up blockchain investments. Already, traditional investors have sunk $3.9 billion into new blockchain and cryptocurrency businesses in 2018. Not only has the number of deals struck between VCs and blockchain startups effectively doubled in the past 12 months, but the average deal size has increased by $1 million, blockchain research group Diar reports. Altogether, the $3.9 billion being funneled into blockchain and cryptocurrency startups represents a 280-percent rise on funding over the last year. While there is certainly a lot of…

This story continues at The Next Web

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a couple of laughzillas on a blue diamond background

EU might fine Facebook $1.63B for latest data breach

Oct02
by on October 2, 2018 at 10:00 am
Posted In: Around the Web, Insider


Facebook’s data breach from last week – which impacted more than 50 million users – might cost the company a pretty penny. If the European Union’s (EU) watchdog finds that the company violated privacy laws, it could face a massive fine of $1.63 billion. Under GDPR laws, if the EU concludes that the company didn’t do enough to safeguard its users’ data, it can face a fine up to 4% of its global revenue. The Data Protection Commission of Ireland – the privacy regulator the data breach – said that the attack impacted less than five million EU-based users. UPDATE Facebook…

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a couple of laughzillas on a blue diamond background

EU might fine Facebook $1.63B for latest data breach

Oct02
by on October 2, 2018 at 10:00 am
Posted In: Around the Web, Insider


Facebook’s data breach from last week – which impacted more than 50 million users – might cost the company a pretty penny. If the European Union’s (EU) watchdog finds that the company violated privacy laws, it could face a massive fine of $1.63 billion. Under GDPR laws, if the EU concludes that the company didn’t do enough to safeguard its users’ data, it can face a fine up to 4% of its global revenue. The Data Protection Commission of Ireland – the privacy regulator the data breach – said that the attack impacted less than five million EU-based users. UPDATE Facebook…

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Or just read more coverage about: Facebook

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French security official arrested for selling ‘secrets’ for Bitcoin

Oct02
by on October 2, 2018 at 9:51 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


A French security official has earned themselves a fast-track ticket to the Bastille after being arrested for allegedly selling “state secrets” on the dark web in exchange for Bitcoin. The unidentified agent, who worked for the General Directorate for internal security (GDIS), was arrested on September 26, Le Parisien reports. It would appear the agent abused their position within the GDIS to obtain access to and falsify sensitive documents, which were then sold on the dark web in exchange for Bitcoin. The amount that the agent was able to earn from the sales of these documents has not been disclosed.…

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