Founder of Ethereum and ConsenSys Joe Lubin Joins Board of Directors of Crypto Startup ErisX

Founder of blockchain tech company ConsenSys Joseph Lubin has been appointed to the board of directors of cryptocurrency startup ErisX. The news was revealed in an official press release published Jan. 17. Cryptocurrency exchange ErisX is a reboot of a futures market Eris Exchange, originally established in 2010. In December 2018, ErisX raised $27.5 million from Fidelity Investments and Nasdaq Ventures.  In 2019, ErisX is expected to being offering both spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), and futures markets. According to today’s announcement, Lubin has joined…

Crypto Exchange Coinbase Acquires San Francisco-Based Tech Startup Blockspring

Major cryptocurrency exchange and wallet provider Coinbase has acquired Andreessen Horowitz-backed tech startup Blockspring. The purchase was revealed in a blog post published Jan. 14. San Francisco-based Blockspring produces tools that enable developers to automatically gather and process information from application programming interfaces (APIs). In 2015, the company raised $3.4 million in a round led by venture capital firm Andreessen Horowitz and seed-stage investment firm SV Angel, while also having support from venture fund Y Combinator. Following the acquisition, Blockspring will reportedly continue operating as an independent entity, while any…

European Blockchain Startup Launches Trading in Tokenized Securities

Belarus-based blockchain startup Currency.com has launched a trading platform for tokenized securities. The firm announced Tuesday that the platform would allow investors to directly trade and invest in financial instruments using the cryptocurrencies bitcoin or ethereum, without first converting to fiat. The platform will initially host over 150 tokenized securities, tracking the underlying market price of financial instruments such as equity and commodities, it said, while over 10,000 similar offerings could be available in the future. Currency.com explained that the service lets investors buy a token that would reflect the…

Major Blockchain Investors Arrington XRP, NEO Global Back DEX-Focused Startup

Decentralized exchange (DEX) aggregator Totle has closed a fresh funding round led by major blockchain investors, according to a blog post from the firm Jan. 14. Arrington XRP, a crypto-focused hedge fund created by TechCrunch founder Michael Arrington, alongside top blockchain investment funds NEO Global Capital (NGC) and Goren Holm Ventures, have reportedly jointly led the $1 million round. Headquartered in Detroit, Michigan, Totle focuses on building infrastructure to support the decentralized application (DApp) and DEX ecosystem — notably through the recent launch of its API. As the post outlines:…

Google Reportedly Blacklists ‘Ethereum’ as a Google Ad Keyword, Startup Claims

Google (Alphabet Inc.) has reportedly blacklisted keywords mentioning Ethereum (ETH) on its advertising platform Google Ads, smart contract auditing startup Decenter tweeted on Jan. 10. The official Google Ads account replied to the tweet stating that cryptocurrency exchanges targeting the United States and Japan can be advertised on the platform, and that targeting other countries could be the reason for the ad rejection. When Decenter explained that they are a group of developers doing smart contract security audits and that they were seeing the error message when trying to use…

ConsenSys Backs Icelandic Startup Co-Founded by Ex-Chair of Country’s Central Bank

Ethereum (ETH) blockchain startup and incubator ConsenSys has participated in a $2 million seed funding round for Iceland-based blockchain startup Monerium, according to a press release from the firm, published Jan. 11. The startup counts the former chairman of Iceland’s central bank among its four founders. The funding round was reportedly led by Icelandic venture capital fund Crowberry Capital, and has also seen the participation of Icelandic private investment firm Hof Holdings. Founded in 2016, Monerium is reportedly developing a solution for “bridging fiat money and blockchains,” issuing what it…

After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report

The board of directors of cryptocurrency and e-commerce startup Zwoop reportedly filed for administration at the end of November last year. The news was revealed in an exclusive article by major United Kingdom-based newspaper The Telegraph, Jan. 11. According to anonymous sources cited in a report by tech news outlet The Next Web, this move has left employees and suppliers of the company with unpaid wages and bills. Namely, the company allegedly owes one London-based marketing agency £42,000 (about $53,858) and a public relations firm £30,000 (about $38,470). Zwoop —…

Crypto Startup Ripple Breaches 200 Client Milestone Amid Market Plunge

It goes without saying that the cryptocurrency market downturn of 2018/2019 irked many of this industry’s startups, even those which have established an unquestioned hegemony. An Ethereum Classic development group folded entirely, while Bitmain, ConsenSys, Steemit, Huobi, and ShapeShift most recently were mandated to purge staffers to maintain a sufficient financial runway. Yet, there have been a few crypto-friendly companies, namely Ripple that have excelled in this hostile environment. On Tuesday, the San Francisco-headquartered firm revealed that it surmounted a key milestone, even as sellers continued to ravage the Bitcoin price.…

Crypto Startup CEO: “Gut Feeling” Is That Bitcoin (BTC) Will Fall Under $3,000

Bitcoin Price “Will Get Worse Before It Gets Better” Vinny Lingham, CEO of Civic, a blockchain startup focused on facilitating a so-called “Secure Identity Ecosystem,” recently sat down with CoinTelegraph for the outlet’s “Hodler’s Digest” weekly report. Lingham, a long-time entrepreneur in the nascent crypto industry and a “shark” on South Africa’s Shark Tank panel, claimed that he expects for Bitcoin (BTC) to fall in the near-future. Speaking to the crypto outlet in an exclusive interview, Lingham noted that as it stands, a majority of people are “very skeptical about…

Crypto Startup CEO: “Gut Feeling” Is That Bitcoin (BTC) Will Fall Under $3,000

Bitcoin Price “Will Get Worse Before It Gets Better” Vinny Lingham, CEO of Civic, a blockchain startup focused on facilitating a so-called “Secure Identity Ecosystem,” recently sat down with CoinTelegraph for the outlet’s “Hodler’s Digest” weekly report. Lingham, a long-time entrepreneur in the nascent crypto industry and a “shark” on South Africa’s Shark Tank panel, claimed that he expects for Bitcoin (BTC) to fall in the near-future. Speaking to the crypto outlet in an exclusive interview, Lingham noted that as it stands, a majority of people are “very skeptical about…