Bitcoin 

Spanish Law Enforcement Arrests 35 Suspects for Bank Fraud, BTC Money Laundering

Spanish law enforcement arrested 35 people for allegedly counterfeiting banking cards and laundering the proceeds through bitcoin (BTC), local media La Verdad reports on June 14. Per the report, the organization obtained over €600,000 ($674,000) and laundered over €1 million ($1.2 million) using bitcoin. Furthermore, the Command of Alicante reportedly solved a total of 1,020 connected cybercrimes during the operation. The alleged actions of the suspects — who are from Equatorial Guinea, Spain, Nigeria, Cameroon and Morocco — had a total of 219 victims in Spain, with 20 more in…

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Blockchain 

Major Spanish Bank BBVA Issues $40 Million Green Bond Based on Blockchain Platform

Spain’s second-largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has announced the launch of the first blockchain-backed platform for structured green bonds. The news was announced in a press release published on Feb. 19. BBVA has closed the deal with Spanish insurance house Mapfre, which has invested 35 million euros (approximately $40 million) to finance sustainable products. To close this deal, BBVA has “issued the first structured green bond using blockchain technology to negotiate the terms and conditions,” the press release states. The press release underlines that the funds have been…

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Blockchain 

Spanish City Gives $13 Mln to Develop ‘Industry 4.0’ Technologies, Including Blockchain

The government of the Spanish city of Aragon has allocated over 12 million euros ($13 million) for the development of “Industry 4.0,” which includes blockchain technology, artificial intelligence (AI), and other emerging technologies. The news was announced by local news outlet La Vanguardia on Feb. 12. The funds —  the amount of which is reportedly twice the originally planned amount —  were co-financed by the European Regional Development Fund (ERDF) within the Operational Program of Aragon for 2014–2020. The donation will be used for the development of industrial property and…

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Blockchain 

Spanish Port Authority Joins Blockchain Platform Developed by IBM and Maersk

The Port Authority of the Bay of Algeciras (APBA) has signed an agreement under which it will collaborate with IBM on its shipping platform Tradelens, Europa News reported on Jan. 21. Tradelens is a digital platform based on blockchain technology developed by both IBM and international shipping giant Maersk. Algeciras is one of the top 10 busiest ports in Europe, hosting over 70 million tons of cargo traffic annually. In 2017, the port had a container throughput of 4.3 million containers. According to an APBA note seen by Europa News,…

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Blockchain 

Spanish Car Manufacturer SEAT Joins Alastria Consortium to Develop Blockchain Products

Spanish automobile manufacturer SEAT has joined Alastria consortium to work on the development of blockchain-based products. Cointelegraph in Spanish reported the news Jan. 16. Founded in 1950, SEAT is a state-owned industrial company and Spain’s largest car manufacturer. SEAT’s turnover reportedly reached a record figure of 9.552 billion euro ($10.878 billion) in 2017, which is 11.1% more than the year prior. Per the recent announcement, SEAT joined Alastria, a multi-industry, semi-public consortium backed by a national network of more than 70 companies and establishments. These include such major players as…

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Blockchain 

Spanish Energy Firm Repsol Claims Blockchain Can Help It Save 400,000 Euro per Year

Madrid-based energy company Repsol reported a successful test of a blockchain pilot to improve the quality of safety certification of its products. Cointelegraph in Spanish reported the news on Jan. 15. Established in 1987, Repsol is a leading energy company that operates in the oil and gas industry, including exploration, development, and production of crude oil and natural gas. In the first nine months of 2018, the company’s net income reached 2,7 billion euros, rising by 37 percent since the beginning of the year, according to Financial Times. The Repsol…

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Bitcoin 

Spanish Securities Regulator Adds 23 Forex and Cryptocurrency Exchanges to Warning List

The Spanish National Securities Market Commission (CNMV) has added 23 unauthorized forex and cryptocurrency entities to its warning list on Jan. 14. Among the companies added to the list is Blonde Bear OÜ, also referred to as Black Parrot Ltd., which claims to be a forex and cryptocurrency exchange operator but reportedly operates in Spain without a license. The company, which operated on the trade111.com and tradex1.com domains, has also been flagged by the Polish Financial Supervision Authority for operating in Poland without the required license. Another company added to…

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Blockchain 

Major Spanish Energy Company to Use Blockchain in Renewable Energy Tracking

Spain’s major energy company, Iberdrola, has started using blockchain to track renewable energy, Spanish independent news agency Europa Press reports on Monday, Jan. 14. The first trial was conducted in cooperation with Kutxabank, a local bank based in the Basque Autonomous Community that owns a substantial part of Iberdrola’s equity, and its subsidiary Cajasur. During the pilot, Iberdrola monitored the renewable energy delivered from two wind farms and one power station to banks’ offices located in Basque Country and the southern city of Cordoba. The company used Energy Web Foundation…

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Blockchain 

Dutch Crypto Firm Libereum Acquires Spanish Soccer Club Elche CF

Dutch crypto firm Libereum has acquired Spanish soccer club Elche CF for $4.9 million, according to a press release published to the Libereum website Dec. 26. The acquisition marks the first step in the crypto company’s ambitions to purchase a set of international soccer clubs and make its ERC20 token, Liber, a mandatory form of payment in the stadiums of those clubs it owns. Libereum states it secured its purchase of the Segunda División (second division) A club with a bank guarantee of €4.3 million (about $4.9 million) as an…

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Blockchain 

Spanish Renewable Energy Operator to Trace Electricity Generation With Blockchain

Spanish renewable energy company ACCIONA Energía is going to deploy blockchain to trace electricity generation, according to an announcement published Dec. 17. ACCIONA Energía is an international global renewable energy operator, that reportedly produces emission-free energy for over 6 million homes. The company is recognized as one of the largest renewable energy developers, with more than 9,000 MW owned and installed. ACCIONA started the project after it reached an agreement with FlexiDAO, a Barcelona-based startup that offers software tools to electric power companies for digital energy services. With this move,…

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