Steve Wozniak Has Joined an Energy-Focused Blockchain Startup in Malta

Apple co-founder Steve Wozniak has joined a Malta-based blockchain enterprise targeting more efficient use of energy. Speaking at an event on the island Thursday, Wozniak said he has invested in the EFFORCE project – which enables investors to back energy efficient projects around the world – and become a co-founder. According to the Malta Independent, Wozniak explained that the firm aims to bring money savings on energy, but also help the environment, a factor he said was important to him. Blockchain, he continued, will bring improvements to energy use and reduce consumption…

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…

Waves Founder Sells Blockchain Startup to Russian Financial Consultant

A startup founded by the Waves platform team, Vostok, has been sold to one of the project’s earliest investors. According to a report by Gazeta.ru, Waves CEO Alexander Ivanov “sold his stake” in the data management and smart city oriented project to Mark Garber of the financial consultancy GHP Group. The Waves platform has developed blockchain solutions through partnering with some of Russia’s largest private and state-owned enterprises, as well as global firms, for institutional, industrial, and military use. Vostok, in particular, aligned with the Russian state-owned conglomerate Rostec 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…

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…

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…

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…

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…