Ethereum Watch

ConsenSys is seeking a funding boost. Advertisements Ethereum co-founder Joe Lubin’s Brooklyn-based venture studio is looking to raise $200 million from external investors, The Information reported Monday, at a valuation of $1 billion. The Information reports that ConsenSys is pitching Chinese investors with materials claiming the company aims to earn $50 million in revenue this […]

ConsenSys Ventures, the investment arm of ethereum development studio ConsenSys, has selected 10 blockchain startups for the second cohort of its accelerator program Tachyon. Advertisements Announcing the news on Monday, ConsenSys Ventures said that the selected startups for the Tachyon 2.0 program are focused on building new blockchain-based solutions across data privacy, encryption, healthcare and […]

ConsenSys-backed media startup Civil finally launched its CVL token today after months of delay. Advertisements Many independent newsroom employees and Civil Media partners will now receive the token compensation packages they were promised in 2018, Civil Media CEO Matthew Iles told CoinDesk. All the earnings from this ongoing token sale will go to the nonprofit […]

Harvard University, jeans giant Levi Strauss and U.S. think-tank New America are investigating blockchain as a means to improve labor welfare. Advertisements New America announced Thursday that the U.S. Department of State has granted $800,000 for a pilot project that will develop a blockchain-based system to track the working conditions of factory workers. The first phase […]

Despite recent belt-tightening at Brooklyn-based ethereum venture studio ConsenSys, the company’s investment arm is ramping up outreach to independent startups. Advertisements ConsensSys Ventures, headed by managing partner Kavita Gupta, announced two new investments on Thursday: $1 million in the Paris-based crypto wallet and trading platform Coinhouse and an undisclosed amount in the encryption-centric browser Tenta. […]

“Just rely on the fact that it’s all funded by Papa Joe.” Advertisements That’s how one former employee, who asked to stay anonymous, citing fear of legal repercussions, described the sentiment that prevailed until recently at ConsenSys, the ethereum-centric venture studio headed by ethereum co-founder Joseph Lubin. In other words, the entrepreneurs building blockchain apps […]

Ethereum venture studio ConsenSys is spinning out or cutting off funding for a number of its portfolio startups, or “spokes” in company parlance, three sources with knowledge of the situation tell CoinDesk. Advertisements According to a report published Thursday by The Verge, roughly 50 percent of ConsenSys’ 1,200-person workforce could be let go as a […]

A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency. Advertisements Revealed exclusively to CoinDesk, the Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain and is backed 1-for-1 by Brazilian real. […]

Internal chat logs from a town hall held Friday by ethereum production studio ConsenSys show that employees are grappling with uncertainty in the face of recently announced layoffs. Advertisements A day after confirming that 13 percent of its staff would be cut in what CEO Joseph Lubin called a “restructuring of priorities,” company leadership held an […]

A strategic shift is in the works at ConsenSys, the sprawling venture studio dedicated to building ethereum-based businesses and products. Advertisements “I would call it a refocusing of priorities,” ConsenSys founder Joseph Lubin told CoinDesk in an interview Tuesday. “On more rigor, more structure, more sustainability, more accountability.” In an emailed letter sent to the […]