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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
Blockchain insurance technology company Otonomi completes $3.4 million financing.
Techub News, blockchain insurtech company Otonomi announced the completion of a new round of funding of $3.4 million, led by ATX Ventures, with participation from GSR Ventures, Greenlight Re Innovations, Punja.VC, Altari Ventures, Soundboard Venture Fund, Blackhorn VC, and Bering Waters, REFASHIOND Ventures, etc. The round will be used to support the construction of a blockchain-powered parametric cargo platform that aims to reduce administrative costs by 90% and improve claims time and efficiency.
Otonomi was founded in 2020 by CEO Yann Barbarroux and co-founder and CTO Jeremy Sutton. The company is headquartered in Brooklyn and specializes in freight insurance.