ConsenSys / 6:24 pm

ConsenSys ‘Town Hall’ Shows Staff Shaken at Ethereum’s Largest Startup

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. 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 all-hands […]

ConsenSys / 7:35 pm

ConsenSys Confirms Layoffs, Projecting 13% of Staff at Startups to Be Cut

ConsenSys, the ethereum production studio, is letting go of 13 percent of its staff, according to a company announcement published Thursday and confirmed to CoinDesk by company officials. The move comes on the heels of an announced “re-focusing of priorities” at the Joseph Lubin–funded venture studio. Company officials confirmed to CoinDesk that some staff members were […]

ConsenSys / 8:56 pm

Lubin Won’t Rule Out Layoffs Amid ‘Refocusing’ at ConsenSys

A strategic shift is in the works at ConsenSys, the sprawling venture studio dedicated to building ethereum-based businesses and products. “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 venture […]

Chainsafe / 6:38 am

The Race Is On to Replace Ethereum’s Most Centralized Layer

“If we don’t stop relying on Infura, the vision of ethereum failed.” That’s how Afri Schoedon, release manager for the Parity Ethereum client, described one of ethereum’s most popular – and controversial – technologies on Twitter in October. Infura handles around 13 billion code request per day and provides a way for developers to connect […]

Banking / 8:03 am

ConsenSys Backs $2.1 Million Funding Round for Ethereum Privacy Startup

ConsenSys Labs has led a $2.1 million seed round for AZTEC, a startup that’s working to make ethereum transactions private so financial institutions can comfortably use the second-largest blockchain. Announced Thursday, other investors in the round include Entrepreneur First, Samos Investments, Jeffrey Tarrant (Mov37) and Charlie Songhurst. AZTEC, created by the mathematician Tom Pocock and […]

Blockchain Tokens / 10:34 pm

Employees Say Startup Civil Hyped Crypto Returns, But Failed to Pay

Civil was supposed to create a more transparent and democratic model for journalism. But so far, journalists working on its platform have yet to receive all of the compensation they say they were promised when hired. According to several current and former employees of news organizations sponsored by the blockchain startup, Civil told journalists in […]

Altcoins / 10:16 am

EOS lacks blockchain’s most fundamental aspect ‘immutability’, says ConsenSys commisioned research

A research commissioned by ConsenSys and conducted by blockchain testing company based in Los Angeles, Whiteblock, said that the world’s fifth-largest cryptocurrency, EOS, is not a blockchain, but a ‘cloud service’. The firm said: “EOS is fundamentally the same as a centralized cloud computing architecture [client/server] without the fundamental components of a blockchain or peer-to-peer […]

Acquisitions / 7:30 am

Ethereum Studio ConsenSys Just Bought an Asteroid Mining Company

ConsenSys, the ethereum-focused venture studio, has just acquired Planetary Resources, a space venture hoping to mine asteroids. Planetary Resources announced Wednesday that ConsenSys conducted an asset-purchase transaction, taking over the firm, with president and CEO Chris Lewicki and general counsel Brian Israel joining the ethereum-focused startup as a result. The terms of the deal were not […]

Banking / 2:29 pm

This New Ethereum Software Client Is Built With Enterprises in Mind

Enterprise ethereum may have just received a shot in the arm. Revealed exclusively to CoinDesk, Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at the ethereum design studio ConsenSys. Setting it apart from other enterprise versions of the second-largest blockchain, Pantheon has an Apache 2.0 open-source software license, rather than the […]

Civil / 11:09 pm

One Big Backer Is Propping Up Media Startup Civil’s Struggling ICO

The token sale for Civil, the ConsenSys-backed company putting journalism on the blockchain, has brought in $1.34 million toward its $8 million minimum, according to a transparency report released today by the company. The company is pre-selling allocations of its consumer token, dubbed CVL, in the run-up to the launch of its blockchain-fueled journalism platform. […]