A $100 Million Crypto Fund Makes Long-Term Bet on Ethereum

By CCN: Bloomberg’s Matthew Leising profiled  Darma Capital. It’s a $100 million crypto fund with a bullish view on Ethereum and a visionary approach to the future of the internet. You might say they’re long Ethereum above all. The hedge fund is helping high-net-worth accredited investors to position themselves for a decade long ether bull run. A key figure in Darma’s rise is Andrew Keys. He announced in a press release Thursday that he’s joining Darma Capital as a managing partner. Keys was a co-founder of ConsenSys Capital, a Brooklyn-based Ethereum application developer. He brings a solid Ethereum blockchain record

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Joseph Lubin: Tether’s Rivals to Gain Traction amid Bitfinex ‘Mess’

By CCN: The Bitfinex “mess” won’t be resolved anytime soon, charged Ethereum co-founder Joseph Lubin. His comments, which came on Thursday, come after a New York Supreme Court judge scathingly criticized the NY Attorney General who filed an injunction against Bitfinex and Tether. The office, led by AG Letitia James, contends Bitfinex and Tether committed fraud when it handled the hack that led to the loss of $850 million of tokens. While Lubin didn’t mention the Supreme Court development, his thoughts align with those of the judge. Bitfinex Mess Will Benefit Other Stable Tokens In 2016, hackers accessed Bitfinex and

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ConsenSys Founder Joe Lubin: Everything About Ethereum Must Improve

By CCN: On a day when the Ethereum price outperformed bitcoin, soaring more than 6%, the project’s co-founder is speaking out. Joe Lubin, who co-founded Ethereum and founded ConsenSys, the latter of which has dozens of projects “building on Ethereum,” was a guest on the Chain Reaction Podcast hosted by Delphi Digital Co-Founder Tom Shaughnessy. He confronted some of the “growing pains” that Ethereum has been suffering from, saying that Ethereum 1.0 was a “starting point” and developers knew it “wouldn’t be scalable.” Lubin explained: “Growing pains are essential and wonderful. If we didn’t grow to the point that there

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Struggling Ethereum Giant ConsenSys Seeks $200 Million Raise at Billion-Dollar Valuation

By CCN.com: Ethereum development studio ConsenSys is struggling financially and is now trying to raise $200 million from outside investors to stay afloat. The fundraising drive comes just four months after the Brooklyn-based blockchain startup laid off 13% of its workforce. ConsenSys has not yet commented on the rumors, which were reported by The Information. Sources say the crypto company wants its valuation to top $1 billion, but prospective investors believe that’s unrealistic given its current financial woes. The Brooklyn-based firm — which employs 900 people — posted revenue of just $28 million in 2018. Ethereum Giant ConsenSys Tightens Belt,

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Ethereum Won’t Fail: Joseph Lubin

It’s no secret Ethereum was among the hardest hit coins during the crypto winter after a tough year of regulatory uncertainty surrounding security tokens and ICOs. If anyone should seem worried, it would be blockchain pioneer Joseph Lubin, whose company ConsenSys is an incubator for Ethereum projects. Yet, he couldn’t appear further from losing sleep. Lubin was featured as the Interactive Keynote speaker at SXSW 2019, where he shared his zen vibe with a live audience, saying: “Ethereum is not going away. It’s not going to fail. It will remain very significant.” * Are Ethereum Tokens Securities? Increasingly, there are

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7 Months After Ethereum dApps Bet Was Made, Joseph Lubin Still Quiet On The Matter

Bitcoin engineer-turned-instructor Jimmy Song has said that seven months after Joseph Lubin announced a public bet with him concerning the future of Ethereum, the ConsenSys CEO is yet to put his money where his mouth is. It will be recalled that at Consensus 2018 in May, Lubin and Song announced an audacious wager onstage at

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ConsenSys CEO Joseph Lubin on Layoffs: ‘Sky’s Not Falling, Future Is Very Bright’

Ethereum co-founder Joseph Lubin says the future of the crypto industry is so bright he has to wear shades, and called a bottom to the current bear market. “Peeking into 2019, if you could see the landscape through my eyes, you’d have to wear shades,” Lubin gushed in a lengthy tweetstorm (see below). Lubin —

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Opera Mobile Now Has Built-In Ethereum Wallet

Opera has announced the release of its new blockchain-ready browser with a built-in Ethereum wallet on the Android platform. According to the statement released earlier today, the updated app which comes with Web 3 support is now available to users for download on the Google Play Store. Opera says that the new app aims to provide Android

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Ethereum Studio ConsenSys to Trim Workforce amid Bear Market Woes

Just as Steemit had done in the previous month, ConsenSys, the Ethereum-based studio, will be laying off about 13% of its total workforce as part of a move to ‘restructure’ the company. The company, which was founded by billionaire Joseph Lubin, co-founder and early investor in Ethereum, is now looking to reorganize in a market

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Joseph Lubin: Forget Price — Ethereum Adoption is Growing Rapidly

In virtually every area, Ethereum, the largest smart contract blockchain protocol in the world, seems to be growing at an exponential rate. According to Joseph Lubin, the co-creator of Ethereum and the founder of ConsenSys, a blockchain software studio based in New York that houses 1,000 developers: “Blockchain is more than a market. It’s a

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