Blockchain Phone Fail: Start-up Sirin Labs, Lays off 25% of its Staff

By CCN.com: Sirin Labs, founders of the Finney blockchain phone are making 15 of their 60-person team redundant, as crypto winter bites back with sales of its flagship device “less than expected”. The market may be showing some positive signs as bitcoin, ethereum and others made strong gains in April, but the bear market continues to show its teeth, claiming the scalp of another start-up. Sirin Labs, founded by Israeli businessman Moshe Hogeg, first announced the $ 1,000 smartphone back in July. To much fanfare they claimed it was the world’s first ‘blockchain-powered’ handset, with one of its main selling points

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Breaking: Blockchain Startup CEO Kidnapped in Kiev

Sunday, a Ukranian blockchain CEO got kidnapped in Kiev. Gregory Kucherkov is the CEO of Cornerstone, an effort to fund real estate investment with a blockchain token. Conerstone is planning an ICO. CCN received a tip from COO Fedir Martynov, and reached out to him by phone. Martynov tells us that the firm has already raised some capital for its ICO in a private sale, and they and the local police believe this may be the motive for the kidnapping. Currently Cornerstone is preparing for an ICO, and has already obtained funds, which the local police believe may be the

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Why Uber’s Largest Investor Just Plowed Almost $1 Billion into Autonomous Vehicle Startup Nuro

SoftBank has a lot of faith in a startup called Nuro that wants to use autonomous vehicles to disrupt the grocery delivery space. Nuro just banked almost $ 1 billion from the multinational holding conglomerate to make that happen. Major Uber Shareholder Throws $ 940 Million at Autonomous Vehicle Creator The Japan-based SoftBank — best known as Uber’s largest shareholder — is investing $ 940 million into the robotic-delivery vehicle startup. The investment pushes the Mountain View, Calif.-based company’s valuation to $ 2.7 billion. According to Reuters, SoftBank’s funding came through its $ 100 billion Vision Fund, which usually picks up big stakes in fast-growing technology companies.

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This Crypto Payments Startup Claims it Got Punked Over the Weekend for a Fake Trademark Claim

Crypto payments processor AtomicPay.io’s front-end services were unavailable for a period of almost 8 hours this weekend due to a trademark claim by a company called Vertbase. Vertbase is a money services provider that sells cryptocurrency, while AtomicPay is a non-custodial crypto payments solution for merchants. CEO Benz Rif recently gave an interview to CCN, and informed us that he’d experienced problems with cloud infrastructure provider Digital Ocean. He also made a statement on the episode. Hostage-Taking Sales Tactics? Vertbase Tried to Sell AtomicPay.com to AtomicPay.io Digital Ocean said that AtomicPay.io was violating the trademark owned by Vertbase. The problem?

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Breaking: Facebook Crypto Project Acquires Blockchain Startup Specializing in Smart Contracts

Facebook’s secretive crypto division has reportedly made its first acquisition, quietly onboarding most of the research team from a blockchain startup that specializes in smart contract development. Facebook Acqui-hires Chainspace Researchers Citing unnamed sources, financial news outlet Cheddar reports that Facebook acquired Chainspace, a blockchain firm founded by University College London researchers. The Chainspace website describes its project as “a planetary scale smart contracts platform” that uses a “distributed web of blockchains for scalability, speed and privacy.” A banner at the top of the website reads: “We’re excited to announce that the team is moving on to something new. Chainspace

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WeWork CEO Profits in Millions as ‘Landlord’ from $47 Billion Startup: Report

According to a report by the Wall Street Journal , co-working service provider WeWork Co. has reportedly been renting spaces in buildings owned by its CEO Adam Neumann. The report noted that the arrangement has already seen the company owner net millions of dollars. The company model employed by WeWork involves getting office space leases and … Continued

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