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The director of Ethereum Classic ’s investment branch ETC Labs revealed in an interview Thursday, Oct. 11, that it will work with as many as 24 startups each year. Elizabeth Kukko confirmed that six selected projects were currently involved with ETC Labs in a pilot scheme, with the full incubator to launch in Q1 2019. “The goal of this pilot program is to put the incubator model to work and get feedback from these initial teams before going live,” she explained. The move comes as Ethereum Classic (ETC) continues to lose its position as the overall cryptocurrency market slump continues. In June, ETC’s prices jumped 25 percent after U.S. cryptocurrency exchange Coinbase announced it would add the token to its orderbook. At press time, ETC/USD traded around $9.55, its lowest since May 2017, but the altcoin ’s market cap still remains at over $1 billion. “[We chose] Ethereum Classic because there is a lot of security on the main layer, and it doesn’t really matter what sidecha...

Wozniak said that they would soon start their operations in the crypto-friendly state of Matla which has been attracting blockchain companies from around the world. Apple co-founder Steve Wozniak has been a long time Bitcoin evangelist and remained much vocal about his fascination with the world’s largest currency. In the past, Wozniak has made some bold statements claiming that he would want Bitcoin to be the world’s single currency in the future while replacing the U.S. Dollar. This time, Wozniak prefers to be directly a part of the blockchain ecosystem as the tech aficionado is joining an investment-focused cryptocurrency startup called Equi Capital. In the latest conversation with Null Transaction, Wozniak said that this would be for the very time he will be working with a blockchain-focused firm and also added that  he “was amazed at the technology behind [cryptocurrency].” Wozniak did not explicitly state his role in the crypto startup but said tha...

Y Combinator (YC) has just announced a new China division and its chief believes blockchain will bring long-term advantages to startups, according to a report The Silicon Valley-based seed investment firm, which has incubated notable startups including Reddit, Dropbox and crypto exchange Coinbase, officially announced its entry into the Chinese market in a blog post on Wednesday alongside news that Lu Qi – a former chief operating officer of Baidu – will be in charge of the new arm. In an interview with local media outlet 36Kr, Lu  commented  today that YC China’s main goal will be to focus on startup incubation, talent training and research and development, as well the creation of a non-profit research lab. Lu also discussed blockchain, saying he believes its core features of data encryption and digitization of trust mean it has long-term potential in business. He added that the technology is especially interesting for its provision of different types of ince...