Tagged: joe lubin

Report: Layoffs at ConsenSys, Ethereum’s Largest Start Up, Could Go to 50%

ConsenSys, Ethereum’s largest start-up, may be downplaying the size of impending layoffs at the company in order not to scare off potential investors, The Verge reports. Not so, says the company. Earlier this month, ConsenSys founder and “cryptobillionaire” Joe Lubin circulated a letter to company… Read More

Noted Columnist Discusses Contraction at ConsenSys, Ethereum’s Largest Consortium

Laura Shin, an independent journalist known for breaking an important story about deception by “blockchain” scions in Toronto, recently spoke to her former colleague at Forbes, Jeff Kauflin, on a podcast convened to discuss layoffs and business structure problems at ConsenSys, one of Ethereum’s biggest spin-off companies…. Read More

ConsenSys Contracts: Ethereum’s Largest Company Tightens Belt

ConsenSys founder Joe Lubin announced in a company-wide letter last week that his company, Ethereum’s largest private offshoot, will be regrouping for greater efficiency under the moniker “ConsenSys 2.0,” Breakermag reports. In the letter sent to employees at the end of the workday Friday, Lubin wrote:… Read More

Blockchain Company ConsenSys Acquires Asteroid Mining Firm Planetary Resources

This is an acquisition that may make you scratch your head. ConsenSys, a blockchain ecosystem play founded by Joe Lubin, has purchases Planetary Resources in an asset purchase transaction. Planetary Resources is an asteroid mining venture that has reportedly been struggling. Planetary Resources is a… Read More

SEC Expands Scrutiny of Companies That Sold ICOs to Unaccredited Investors

The American Securities and Exchange Commission (SEC) has been following up on “scores” of subpoenas it sent in January to companies issuing ICOs (initial coin offerings) and is now focussing on those and “many more” that sold ICOs to unaccredited investors, Yahoo Finance reports. Based… Read More

“Carnage.” Crypto Markets Descend 70-90% Below All Time Highs

Cryptocurrency markets have corrected to the upside slightly today, with Bitcoin up about 5% at the time of writing, and Ethereum up about 8%, but memories of yesterday’s steep price declines are still fresh and traders and holders dizzy. According to CCN, in the first… Read More

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