Blockchain 

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…

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Blockchain 

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…

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Blockchain 

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…

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Blockchain 

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…

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Blockchain 

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…

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Blockchain 

Startup to Solve Traceability Issues in Seafood Industry Via Blockchain

The blockchain-based startup Fishcoin plans to apply decentralized ledger technology (DLT) to seafood supply chains, linking fishermen and fish farmers at the point of harvest to global seafood supply chain actors, ranging from distributors, processors, wholesalers and retailers. The company aims to apply blockchain technology to bring traceability to the seafood industry and create an ecosystem which could allow seafood producers and supply chain intermediaries to get rewards via microtransactions. The startup is mostly known for its parent company, Eachmile Technologies, whose founders developed and launched a mobile application for…

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Ethereum 

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…

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Blockchain 

Canadian Startup Wants to Upgrade Millions of ATMs to Sell Bitcoin

Canadian exchange Coinsquare has acquired software allowing traditional ATMs to sell cryptocurrency such as bitcoin (BTC), according to a press release on July 3. Coinsquare announced a controlling investment in Just Cash, a United States-based fintech startup that has developed a software that allows users to purchase crypto directly through traditional ATM machines without the need of additional hardware or mobile application. Following the investment of undisclosed amount, the Just Cash team will join Coinsquare in and operate under Coinsquare brand. Coinsquare CEO Cole Diamond says that the new initiative…

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Ethereum 

Regtech Startup Coinfirm to Investigate XRP’s Compliance With AML Provisions

Regulation technology startup Coinfirm will investigate how cryptocurrency Ripple (XRP) is being used, Forbes reported on June 26. San Francisco-based tech startup Ripple, which is largely behind XRP, has signed an agreement with Coinfirm, wherein the latter will explore XRP’s compliance with anti-money laundering (AML) provisions. Within the investigation, Coinfirm will reveal information such as whether XRP has been processed by a “mixer” — a technology developed to make transactions more difficult to trace and therefore easier to launder crypto — clustering, which enables a user to send small amounts…

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Ethereum 

Former Visa Exec-Led Startup Ships Nearly 4,000 Crypto Cards in a Week

Crypterium, crypto payment firm led by former Visa exec, has shipped about 4,000 crypto debit cards in a week since the launch of the card, according to a press release on June 27. Crypterium, an Estonia–headquartered fintech company, launched its Crypterium Card on June 12, offering global community a prepaid card loaded with major cryptocurrencies such as bitcoin (BTC), ether (ETH), litecoin (LTC), USD Coin (USDC), as well as Crypterium’s own CRPT token. As the company wrote in the announcement, the new bitcoin card operates “in the same way as…

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