Tagged: joe lubin

September 18, 2022 @ 4:40 pm By JD Alois  |  

Consensys, an Ethereum-focused firm, says the successful Merge for Ethereum has reduced its carbon footprint by 99.99% – higher than initially anticipated. Last week, the Merge completed where Ethereum migrated from Proof of Work (PoW) to Proof of Stake (PoS) thus eliminating the high utilization… Read More

March 15, 2022 @ 11:29 am By JD Alois  |  

Consensys has announced a Series D funding round that values the firm at over $7 billion – more than double its Series C round last November. According to a statement by Consensys, the firm raised $450 million in a round led by ParaFi Capital joined… Read More

April 22, 2019 @ 12:36 pm By JD Alois  |  

A report from last week in the Information states that ConsenSys is in the process of raising up to $200 million from outside investors. Apparently, ConsenSys is slapping a $1 billion valuation on the offering. So is it worth the money? It is too hard… Read More

December 22, 2018 @ 4:53 pm By Cali Haan  |  

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

December 9, 2018 @ 9:31 am By Cali Haan  |  

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

December 4, 2018 @ 11:55 am By Cali Haan  |  

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

November 1, 2018 @ 8:55 am By JD Alois  |  

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

October 12, 2018 @ 3:07 pm By Cali Haan  |  

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

August 15, 2018 @ 12:05 pm By Cali Haan  |  

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