Founder of Former ConsenSys-Backed Startup Sues Joseph Lubin for $13M

The founder of ConsenSys-incubated startup Token Foundry, Harrison Hines, is suing Ethereum co-founder Joseph Lubin for breach of contract. Per court documents filed with the Supreme Court of the State of New York County of New York, Hines has filed a lawsuit against Lubin in connection with “breach of contract, conversion, quantum meruit, unjust enrichment, fraud, declaratory judgment and unpaid profits arising from the defendants’ acts in connection with the business known as Token Foundry.” Hines thus intends to collect over $13 million, wherein “the relief sought is monetary damages…

IDEO’s Blockchain Accelerator Startup Studio Onboards Over 50 Mentors

Over 50 members, including officers from companies such as Ethereum Foundation, Blockchain Capital, and Messari, have joined blockchain accelerator Startup Studio backed by Fidelity. In a blog post published today, July 18, IDEO CoLab Ventures — which stands behind the blockchain accelerator program — revealed that over 20 leading organizations joined Startup Studio, bringing more than 50 mentors to the project for 2019. Announcing the new program members, IDEO wrote:  “last week you met our blockchain Startup Studio’s 20+ partner organizations […], today we’re excited to share the humans behind…

Canadian Startup Partners with Authorities to Launch Tax Payments in Bitcoin

According to a press release dated July 15, 2019, the city of Richmond Hill, Canada, is rolling out a project that allows residents to pay property taxes with bitcoin (BTC) through crypto startup, Coinberry. Pay Property Tax with Bitcoin Canadian digital currency platform, Coinberry, has opened negotiations with the city of Richmond Hill to provide crypto payment solutions for the municipality. The City of Richmond Hill is located in the outskirts of Toronto and is home to more than 200,000 residents. The Council, which took place on July 10, 2019,…

Another Crypto Startup Enters the Bitcoin Derivatives Rat Race

Bitcoin Derivatives Rat Race With the resurgence in the Bitcoin price, cryptocurrency startups have rushed to push products to market, presumably in a bid to capture renewed demand. According to CoinDesk, an up-and-coming digital asset exchange is looking to offer BTC derivatives to a U.S. audience. In a press release published on Friday, trueDigital Holdings revealed that it had begun to acquire the proper licenses from the U.S. Commodity Futures Trading Commission (CFTC) via a firm called trueEX. If the American financial regulator approves, this deal will see trueDigital Holdings…

Second Crypto Investment for Visa with Cryptocurrency Holdings Startup Anchorage

Visa, one of the largest payment processors in the world has recently made its second investment in cryptocurrency startup called Anchorage. As reported by Fortune, the company has reportedly invested millions of dollars during Anchorage’s new funding round. Both Visa and Anchorage have partnered with Facebook for its cryptocurrency project Libra. This is the second time that Visa has shown interest in a cryptocurrency startup and poured millions into it. Visa first invested in a blockchain startup called ‘Chain,’ an enterprise blockchain firm which was later acquired by Lightyear, a…

Bitcoin Startup Brings Lightning Network Payments to Amazon, Whole Foods

United States-based payments startup Fold has made Lightning Network (LN) payments possible at Amazon, Starbucks, Uber and other big name retailers. The news was revealed in an official blog post published on July 10. As previously reported, the Bitcoin (BTC) Lightning Network is a second-layer solution to bitcoin’s scalability limitations, opening payment channels between users that keep the majority of transactions off-chain, turning to the underlying blockchain only to record the net results. In its announcement, Fold reveals that participating selected retailers will settle users’ LN payments — denominated in…

Shell Invests in Blockchain-Based Energy Startup

Shell, the world’s fifth largest oil and gas firm, has invested in a blockchain-based energy startup, Forbes reports on July 10. The European oil and gas giant has invested an undisclosed amount in New York-based LO3, whose Exergy platform tracks energy with blockchain technology. The recent investment in LO3 marks Shell’s fourth public investment in blockchain-related firms, Forbes noted, listing platforms such as Vakt, Komgo, and Applied Blockchain as other portfolio blockchain companies. According to the report, Shell has an option to convert its investment in LO3’s native tokens called…

Visa Makes Its Second Investment into a Crypto Startup

Global payment giant Visa has recorded its second investment in a crypto project by leading a $40 million funding round of Anchorage startup, according to a Fortune report on July 10. Visa has reportedly led the round along with major cryptocurrency venture capital (VC) firm Blockchain Capital to support institutional-grade crypto custody service Anchorage, which previously raised $17 million in an investment led by Andreessen Horowitz. In the new round, both the amount of Visa’s contribution and Anchorage’s private valuation were not disclosed, the report notes. Both Visa and Anchorage…

Blockchain Startup Solve.Care Partners with Uber to Transport Patients

Blockchain healthcare startup Solve.Care has partnered with Uber Health to transport patients, Solve.Care announced in a press release shared with Cointelegraph on July 9. Per the release, Uber Health’s transportation services will be integrated into Solve.Care’s personal healthcare coordination and administration app Care.Wallet. Within the app, patients will reportedly be able to schedule an Uber Health ride, which claims to be compliant with the Health Insurance Portability and Accountability Act of 1996. Furthermore, patients will also be able to pay for the service with their Care.Wallet and share the costs…

Former Bitmain CEO Opens New Cryptocurrency Startup

The former CEO of Bitmain, one of the largest bitcoin (BTC) mining pools globally, has launched a crypto-related financial services startup, according to a Bloomberg report on July 8. Following reports on the initiative in early June, Bitmain co-founder and former CEO Wu Jihan officially launched a new crypto trading platform today that purportedly offers over-the-counter (OTC) trading, lending and custody.  Named Matrixport, the Singapore-based firm reportedly hired dozens of former Bitmain employees that were laid off from Bitmain as a result of the bear market of 2018. While Wu…