Bankrupt Bitcoin exchange Tradehill suing red hot payment startup Dwolla for $2M

One of the reasons that small startup are loathe to announce big funding rounds is that plaintifs and patent trolls always come out of the woodwork. Payment startup Dwolla, which recently closed a $5 million round of funding led by Union Square Ventures, is now defending itself against a $2 million lawsuit from defunct Bitcoin exchange Tradehill, as first reported yesterday by Betabeat.

Square rolls out sleek new design for credit card readers in NYC taxi cabs

We’ve reported on how Jack Dorsey has been able to fulfill his lifelong love affair with dispatch systems by having credit card readers from his company, Square, installed in the back of 30 NYC taxi cabs. It’s part of a pilot program the city hopes will drive down fees. Today the company showed off its new custom design for NY cabbies: an iPad encased in black metal with a vertical slot for swiping credit cards. You can see it above.