Add one more name to the list of industries that blockchain intends to disrupt. After laying off 14 percent of its staff and splitting its operations into two separate units, Consensys Inc., announced yesterday that it was venturing into the municipal bond market. The Brooklyn-based company announced acquisition of Heritage Financial Systems, a Pennsylvania-based registered investment advisor and broker/dealer for muni bonds. The purchase is … Continue reading ConsenSys Plans to Enter the Muni Bond Market. Will It Succeed?
Joseph Lubin, the co-founder of Ethereum, may be sued by Harrison Hines, a former employee at his company ConsenSys. Hines intends to seek over $13 million for “breach of contract, alleged fraud, unpaid profits and unjust enrichment”. He began the legal process against Lubin in June. Based on the summons brought by Hines’ lawyer, the relief they intend to get is monetary damages for unpaid … Continue reading Ethereum Cofounder Joseph Lubin May Be Sued For $13 Million By Former Colleague
Within the ethereum ecosystem, ConsenSys occupies a special place. It is the most well-funded and, some would say, the most well-known company in the space. Started in 2014 by Joseph Lubin, the NYC-based outfit is a “venture production studio” – a model which incorporates an array of business and funding activities within ethereum. But it may have spread itself too thin, according to a recent … Continue reading Is Ethereum Studio ConsenSys Faltering?
The crypto winter is getting colder. Crashing valuations in cryptocurrency markets and a chill in the initial coin offerings (ICO) market have affected operations at two more ventures involved in the space. Blockchain and smart contract consulting company Consensys, which dominates ethereum research and development, has confirmed to online publication Coindesk that it is laying off 13% of its staff. Meanwhile, ETCDEV, a team involved … Continue reading After Steemit, Consensys Announces Layoffs. Are Crashing Crypto Markets To Blame?
Ethereum’s ether might be next in line to attract funding from institutional investors after bitcoin. Consensys, a firm started by Joseph Lubin, ethereum cofounder, to implement smart contracts, is partnering with TrueDigital, an affiliate of New York-based TrueEx, to develop a benchmark rate for ether and “the infrastructure needed for the broad adoption of digital assets by the institutional community.” The first product of the … Continue reading Ethereum Derivatives Might Bring Institutional Investors To The Cryptocurrency